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ETFs

Invesco MSCI Global Timber ETF

CUT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 9, 2007
Expense Ratio
0.61%
Type
Global Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$131,006
AUM
$54,070,596
Associated Index
MSCI ACWI IMI Timber Select Capped Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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UPM-Kymmene Oyj
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AVY
Avery Dennison Corp.
5.00%
IP
International Paper Co.
4.91%
WY
Weyerhaeuser Co.
4.70%
AMCR
Amcor Plc
4.68%
WRK
WestRock Co
4.49%
SUZB3
Suzano S.A.
4.43%
SK3
Smurfit Kappa Group Plc
4.25%
MNDI
Mondi
4.05%
Invest with CUT

What is CUT?

The Invesco MSCI Global Timber ETF (Fund) is based on the MSCI ACWI IMI Timber Select Capped Index (Index). The Fund will invest at least 90% of its total assets in stock, American depositary receipts (ADRs), global depositary receipts (GDRs) and depositary receipts that comprise the Index. The Index measures the performance of securities engaged in the ownership and management of forests, timberlands and production of products using timber as raw materials. The index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are rebalanced quarterly.

ETFs related toCUT

ETFs correlated to CUT include WOOD, FMAT, VAW

CUT
Invesco Capital Management LLC - Invesco MSCI Global Timber ETF
WOOD
BlackRock Institutional Trust Company N.A. - iShares Global Timber & Forestry ETF
FMAT
Fidelity Covington Trust - Fidelity MSCI Materials Index ETF
VAW
Vanguard Group, Inc. - Vanguard Materials ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
IYM
BlackRock Institutional Trust Company N.A. - iShares U.S. Basic Materials ETF
XLB
SSgA Active Trust - Materials Select Sector SPDR
SCHC
Schwab Strategic Trust - Schwab International Small-Cap Equity ETF
DFIC
Dimensional ETF Trust - Dimensional International Core Equity 2 ETF
VSS
Vanguard Group, Inc. - Vanguard FTSE All-World Ex-US Small Capital Index Fund ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toCUT

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Category

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Risk Rating

Aggressive

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Create your own algorithmic trading strategy with CUT using Composer

FAQ

CUT is a Global Equities ETF. The Invesco MSCI Global Timber ETF (Fund) is based on the MSCI ACWI IMI Timber Select Capped Index (Index). The Fund will invest at least 90% of its total assets in stock, American depositary receipts (ADRs), global depositary receipts (GDRs) and depositary receipts that comprise the Index. The Index measures the performance of securities engaged in the ownership and management of forests, timberlands and production of products using timber as raw materials. The index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are rebalanced quarterly.

CUT tracks the MSCI ACWI IMI Timber Select Capped Index.

No, CUT is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, CUT is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CUT is 0.0174%. This is the percent change in the value of CUT over the most recent 1-month period. The 3-month return on CUT is 0.0382%. This is the percent change in the value of CUT over the most recent 3-month period.

The standard deviation of CUT for the past year is 0.1916%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to CUT include PBW, IGF, and ARKK.

ETFs correlated to CUT include WOOD, FMAT, and VAW.

ETFs that are inversely correlated to CUT include EPV, EFZ, and SRTY.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.