Data as of .
CUT vs WOOD: which is really different?
CUT and WOOD hold 49% of their weight in the same names, and CUT returned more over the year.
ETFIQ Off-Index Score: WOOD scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
49% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, CUT and WOOD hold 49% of their money in the same securities at the same weight.
| Holding | CUT | WOOD |
|---|---|---|
| UPM-Kymmene Oyj | 5.75% | 6.21% |
| Smurfit Westrock PLC | 4.72% | 5.83% |
| Suzano SA | 4.69% | 8.24% |
| Stora Enso Oyj | 5.55% | 4.68% |
| Weyerhaeuser Co | 4.47% | 6.72% |
| Mondi PLC | 4.17% | 6.77% |
| International Paper Co | 4.36% | 4.10% |
| Rayonier Inc | 4.63% | 3.60% |
| West Fraser Timber Co Ltd | 3.18% | 4.50% |
| Billerud AB | 1.50% | 2.15% |
| Nine Dragons Paper Holdings Ltd | 1.09% | 4.24% |
| Sylvamo Corp | 0.98% | 3.91% |
| Only in CUT | Only in WOOD |
|---|---|
| Svenska Cellulosa AB SCA 5.54% | SVENSKA CELLULOSA B 4.91% |
| Packaging Corp of America 4.80% | KLABIN UNITS SA 4.85% |
| Avery Dennison Corp 4.75% | OJI HOLDINGS 4.85% |
| Amcor PLC 4.65% | HOLMEN CLASS B 3.99% |
| Sonoco Products Co 4.05% | SUMITOMO FORESTRY 3.66% |
| SIG Group AG 3.71% | NIPPON PAPER INDUSTRIES 3.49% |
| Oji Holdings Corp 3.21% | SCG PACKAGING PCL NON-VOTING DR 2.80% |
| Huhtamaki Oyj 2.75% | SHANDONG SUNPAPER LTD A 1.74% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 17, 2026 and Sep 19, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| CUT | WOOD | CUT | WOOD | CUT | WOOD | |
| 3 months | +3.6% | +5.0% | +1.4 pts | +2.7 pts | +6.1 pts | +7.4 pts |
| 6 months | +6.6% | +6.6% | −11.4 pts | −11.4 pts | −17.6 pts | −17.7 pts |
| 1 year | −1.3% | −3.0% | −17.9 pts | −19.6 pts | −23.1 pts | −24.8 pts |
| 3 years | +2.8% | −0.9% | −75.6 pts | −79.3 pts | −95.4 pts | −99.0 pts |
| Since launch | +127.2% | +138.3% | −676.4 pts | −665.2 pts | −1563.0 pts | −1551.9 pts |
| CUT Invesco MSCI Global Timber ETF Holds 62 stocks in timber and forestry, 28% of its weight in S&P 500 companies | WOOD iShares Global Timber & Forestry ETF Holds 45 stocks in timber and forestry, 10% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Invesco | iShares |
| Theme | Timber and forestry | Timber and forestry |
| In the S&P 500 | 27.7% | 9.9% |
| Active share vs the S&P 500 | 99.8% | 99.9% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 62 | 45 |
| Top ten, share of the fund | 49.5% | 57.6% |
| Expense ratio | 0.76% | 0.39% |
| Fee for the differing part | 0.76% | 0.39% |
| Total return, 1 year | −1.3% | −3.0% |
| vs the S&P 500 | −17.9 pts | −19.6 pts |
| vs the Nasdaq-100 | −23.1 pts | −24.8 pts |
| Below its high | −18.6% | −19.4% |
| Net assets | $30m | $271m |
CUT in plain words
By weight, 28% of CUT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 50% of the fund across 62 positions, as published by its issuer for Sep 19, 2026. Over the year to Sep 18, 2026 the fund returned −1.3% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 17.9 pts. It sits 18.6% below its all-time high of May 10, 2021.
WOOD in plain words
By weight, 10% of WOOD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 58% of the fund across 45 positions, as published by its issuer for Sep 17, 2026. Over the year to Sep 18, 2026 the fund returned −3.0% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 19.6 pts. It sits 19.4% below its all-time high of May 10, 2021.
Questions people ask
- Do CUT and WOOD hold the same stocks?
- By their latest filings, 49% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, CUT or WOOD?
- CUT has 28% of its weight in S&P 500 names and WOOD has 10%, so WOOD differs more from the index.
- Which is cheaper, CUT or WOOD?
- CUT charges 0.76% a year and WOOD charges 0.39%, so WOOD is cheaper. Fees come from each fund's prospectus.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, CUT against WOOD, data as of Sep 18, 2026. https://etfiq.com/compare/themes/cut-vs-wood Free to use with attribution; the underlying files are at Open data.