CUT vs IVV
Invesco MSCI Global Timber ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | CUT | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.76% | 0.03% | |
| AUM | $33M | $907.0B | |
| Dividend Yield | 2.39% | 1.10% | |
| Holdings | 65 | 508 | |
| YTD Return | +3.34% | +14.29% | |
| 1Y Return | +1.58% | +21.79% | |
| 3Y Return (annualized) | +2.27% | +22.19% | |
| 5Y Return (annualized) | -2.95% | +13.28% | |
| Volatility (annualized) | 22.9% | 15.1% | |
| Max Drawdown | -70.0% | -56.5% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 9, 2007 | May 15, 2000 |
CUT vs IVV Performance
Invesco MSCI Global Timber ETF (CUT) is a ETF from Invesco (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CUT returned +1.58% while IVV returned +21.79%. Year to date, CUT is up 3.34% versus a gain of 14.29% for IVV.
Over three years, CUT compounded at +2.27% per year against +22.19% for IVV; over five years the annualized figures are -2.95% and +13.28% respectively. Across the full 19-year window we track, IVV has the edge at +7.06% annualized vs +3.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CUT has been the more volatile fund, with annualized monthly volatility of 22.9% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -70.0% for CUT and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CUT charges 0.76% per year while IVV charges 0.03%. On a $10,000 position that is $76 vs $3 annually, a gap of $73 per year that compounds over a long holding period. On income, CUT currently yields 2.39% against 1.10% for IVV.
Holdings Overlap
CUT and IVV share 6 holdings out of 551 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CUT or IVV?
CUT has an expense ratio of 0.76% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $73 per year of difference.
Which performed better, CUT or IVV?
Over the past year CUT returned +1.58% vs +21.79% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (19 years), CUT annualized +3.07% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, CUT or IVV?
CUT has been the more volatile fund at 22.9% annualized versus 15.1% for IVV. Worst drawdown: CUT -70.0% vs IVV -56.5%.
Should I hold both CUT and IVV?
CUT and IVV have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CUT and IVV?
CUT and IVV share 6 common holdings with a 0.2% weight overlap. Combined, they hold 551 unique securities.
Which pays a higher dividend, CUT or IVV?
CUT yields 2.39% while IVV yields 1.10%, so CUT currently pays the higher dividend yield.
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