WOOD vs. VOO
Compare and contrast key facts about iShares Global Timber & Forestry ETF (WOOD) and Vanguard S&P 500 ETF (VOO).
WOOD and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WOOD is a passively managed fund by iShares that tracks the performance of the S&P Global Timber & Forestry Index. It was launched on Jun 24, 2008. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both WOOD and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WOOD or VOO.
Correlation
The correlation between WOOD and VOO is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
WOOD vs. VOO - Performance Comparison
Key characteristics
WOOD:
-0.16
VOO:
2.04
WOOD:
-0.12
VOO:
2.72
WOOD:
0.99
VOO:
1.38
WOOD:
-0.13
VOO:
3.02
WOOD:
-0.53
VOO:
13.60
WOOD:
4.98%
VOO:
1.88%
WOOD:
16.05%
VOO:
12.52%
WOOD:
-63.23%
VOO:
-33.99%
WOOD:
-16.80%
VOO:
-3.52%
Returns By Period
In the year-to-date period, WOOD achieves a -5.23% return, which is significantly lower than VOO's 24.65% return. Over the past 10 years, WOOD has underperformed VOO with an annualized return of 5.55%, while VOO has yielded a comparatively higher 13.02% annualized return.
WOOD
-5.23%
-4.40%
-4.13%
-4.88%
4.12%
5.55%
VOO
24.65%
-0.29%
7.63%
24.77%
14.57%
13.02%
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WOOD vs. VOO - Expense Ratio Comparison
WOOD has a 0.46% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
WOOD vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Timber & Forestry ETF (WOOD) and Vanguard S&P 500 ETF (VOO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
WOOD vs. VOO - Dividend Comparison
WOOD's dividend yield for the trailing twelve months is around 2.11%, more than VOO's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WOOD iShares Global Timber & Forestry ETF | 2.11% | 1.64% | 2.26% | 1.24% | 0.98% | 1.85% | 2.82% | 1.19% | 1.65% | 2.04% | 1.71% | 1.55% |
VOO Vanguard S&P 500 ETF | 0.92% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
WOOD vs. VOO - Drawdown Comparison
The maximum WOOD drawdown since its inception was -63.23%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for WOOD and VOO. For additional features, visit the drawdowns tool.
Volatility
WOOD vs. VOO - Volatility Comparison
iShares Global Timber & Forestry ETF (WOOD) has a higher volatility of 5.66% compared to Vanguard S&P 500 ETF (VOO) at 3.58%. This indicates that WOOD's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.