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Invesco MSCI Global Timber ETF

CUT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 09 2007
Expense Ratio
0.60%
Type
Global Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$151,139
AUM
$64,232,919
Associated Index
MSCI ACWI IMI Timber Select Capped Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

IP
International Paper Co.
5.46%
PKG
Packaging Corp Of America
5.30%
WY
Weyerhaeuser Co.
5.13%
UPM
UPM-KYMMENE OYJ
5.04%
AMCR
Amcor Plc
4.81%
SKG
SMURFIT KAPPA GROUP PLC
4.69%
AVY
Avery Dennison Corp.
4.55%
MNDI
MONDI PLC
4.11%
SCAB
SVENSKA CELLULOSA AB SCA-B
3.97%
WRK
WestRock Co
3.87%
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 DFSI, EXI, GSIE

CUT
Invesco Capital Management LLC - Invesco MSCI Global Timber ETF
DFSI
Dimensional ETF Trust - Dimensional International Sustainability Core 1 ETF
EXI
BlackRock Institutional Trust Company N.A. - iShares Global Industrials ETF
GSIE
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta International Equity ETF
RTM
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Materials ETF
DFIC
Dimensional ETF Trust - Dimensional International Core Equity 2 ETF
DFAI
Dimensional ETF Trust - Dimensional International Core Equity Market ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
RODM
Lattice Strategies Trust - Hartford Multifactor Developed Markets (ex-US) ETF
QINT
American Century ETF Trust - American Century Quality Diversified International ETF
VAW
Vanguard Group, Inc. - Vanguard Materials 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

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

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.

The top holdings for CUT include International Paper Co., Packaging Corp Of America, and Weyerhaeuser Co..

CUT has 86 total holdings.

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 0.0238%. This is the percent change in the value of CUT over the most recent 1-month period. The 3-month return on CUT is 0.1027%. 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 0.2507%. 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 EEMV, TAN, and PBW.

ETFs correlated to CUT include DFSI, EXI, and GSIE.

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

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.