Do CUT and WOOD hold the same stocks?

By their latest filings, 42% of their books are the same securities at the same weight. 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 30% of its weight in S&P 500 names and WOOD has 23%, 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.

Data as of Nov 4, 2026.

Thematic ETFs

CUT vs WOOD: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, CUT returned +7.6% to WOOD's +1.3%; 42% of their weight is in the same names.

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Net assets on Nov 3, 2026: $30m for Invesco MSCI Global Timber ETF and $247m for iShares Global Timber & Forestry ETF.

CUT on its own →WOOD on its own →

At a glance

29.7%

CUT in the S&P 500

23.1%

WOOD in the S&P 500

+7.6%

CUT total return, 1 year

+1.3%

WOOD total return, 1 year

CUT · 1 year to Nov 4, 2026 70% of its weight is outside the S&P 500

30% of CUT's weight is in S&P 500 companies and 70% is outside the index. Holdings as of Nov 3, 2026.

WOOD · 1 year to Nov 4, 2026 77% of its weight is outside the S&P 500

23% of WOOD's weight is in S&P 500 companies and 77% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

WOOD costs 0.37 points a year less; their one-year returns differ by 6.3 points; WOOD is 8.2 times larger.

CUT vs WOOD: Holdings Overlap & Returns
Measure	CUT	WOOD
Return
Measure	CUT	WOOD
Total return, 1 year	+7.6%	+1.3%
Drawdown
Measure	CUT	WOOD
Below its all-time high	18.0%, high on May 10, 2021	22.8%, high on May 10, 2021
Benchmark
Measure	CUT	WOOD
What it tracks	Timber and forestry	Timber and forestry
Cost and size
Measure	CUT	WOOD
Expense ratio	0.76%	0.39%
Net assets, as of Nov 3, 2026	$30m	$247m
Holdings
Measure	CUT	WOOD
Holdings in common	42%

Method

What they share

42%

By the books each fund has filed, CUT and WOOD hold 42% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

42% in common

Positions both hold · largest shared weight first CUT WOOD

Suzano SA 4.81% 8.64%

Rayonier Inc 4.57% 4.54%

Weyerhaeuser Co 4.44% 8.42%

Smurfit Westrock PLC 4.74% 4.43%

Stora Enso Oyj 5.03% 4.05%

Mondi PLC 3.91% 4.41%

UPM-Kymmene Oyj 4.82% 3.89%

Oji Holdings Corp 3.12% 4.47%

West Fraser Timber Co Ltd 3.02% 4.96%

Billerud AB 1.62% 2.56%

Sylvamo Corp 0.90% 4.26%

Empresas CMPC SA 0.86% 2.48%

Only in one fund ↓

Only in CUT

Svenska Cellulosa AB SCA 5.74%

Avery Dennison Corp 5.38%

Packaging Corp of America 5.36%

Amcor PLC 5.26%

International Paper Co 4.54%

SIG Group AG 4.29%

Sonoco Products Co 4.15%

Graphic Packaging Holding Co 2.88%

Only in WOOD

SVENSKA CELLULOSA B 5.60%

SHANDONG SUNPAPER LTD A 4.80%

HOLMEN CLASS B 4.75%

SUMITOMO FORESTRY 4.37%

KLABIN UNITS SA 3.90%

SCG PACKAGING PCL NON-VOTING DR 3.67%

SAPPI LTD 1.69%

RUSSELL1000 VALUE MINI CME DEC 26 0.00%

Check overlap with more funds →

Window by window

Window by window: CUT vs WOOD: Holdings Overlap & Returns
	Total return
Window	CUT	WOOD
3 months	−4.7%	−7.1%
6 months	+3.0%	−2.1%
1 year	+7.6%	+1.3%
3 years	+4.3%	−4.3%
Since launchNot the same days: CUT Nov 2007 · WOOD Jun 2008	+74.7%	+94.9%

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Side by side

CUT Invesco MSCI Global Timber ETF · Holds 54 stocks in timber and forestry, 30% of its weight in S&P 500 companies WOOD iShares Global Timber & Forestry ETF · Holds 26 stocks in timber and forestry, 23% of its weight in S&P 500 companies

Issuer Invesco iShares

Theme Timber and forestry Timber and forestry

In the S&P 500 29.7% 23.1%

Active share vs the S&P 500 99.8% 99.9%

In the Nasdaq-100 0.0% not published

Holdings 54 26

Top ten, share of the fund 50.2% 55.4%

Expense ratio 0.76% 0.39%

Fee for the differing part 0.76% 0.39%

Total return, 1 year +7.6% +1.3%

vs its benchmark not measured not measured

Below its high −18.0% −22.8%

Net assets, as of Nov 3, 2026 $30m $247m

As of Nov 4, 2026. Source: ETFIQ.

42% of the two portfolios are the same securities at the same weight.

Alert

About each fund

CUT

By weight, 30% 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 54 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +7.6% with distributions reinvested. It sits 18.0% below its all-time high of May 10, 2021.

WOOD

By weight, 23% of WOOD's portfolio is stocks that are also in the S&P 500, from its filing for Jun 30, 2026; its active share against the S&P 500 is 100%.

The top ten holdings are 55% of the fund across 26 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +1.3% with distributions reinvested. It sits 22.8% below its all-time high of May 10, 2021.

Questions people ask

Do CUT and WOOD hold the same stocks?: By their latest filings, 42% of their books are the same securities at the same weight. 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 30% of its weight in S&P 500 names and WOOD has 23%, 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.

Other comparisons

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →CUT on its own →WOOD on its own →CUT dividend history →CUT holdings →WOOD dividend history →WOOD holdings →Method →Standards and sources →

Sources and dates

CUT filings on SEC EDGAR ↗

CUT prospectus with the expense ratio (SEC) ↗

Invesco page for CUT ↗

WOOD filings on SEC EDGAR ↗

WOOD prospectus with the expense ratio (SEC) ↗

iShares page for WOOD ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, CUT against WOOD, data as of Nov 4, 2026. https://etfiq.com/compare/themes/cut-vs-wood

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.