WOOD
iShares Global Timber & Forestry ETF
iShares S&P Global Timber & Forestry Index Fund seeks investment results that correspond to the price and yield performance of the S&P Global Timber & Forestry Index.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
174.8 M
ASSETS UNDER MGMT
42 bp
EXPENSES
Fund Basics
| Fund sponsor | Barclays Global Fund Advisors |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 24, 2008 |
| Assets (mns) | $175 |
| Expense ratio | 42 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| RAYONIER INC | 7.7 % |
| INTERNATIONAL PAPER CO | 6.9 % |
| SYLVAMO CORPORATION | 5.9 % |
| POTLATCH CORP | 5.1 % |
| SUZANO PAPEL E CELULOSE SA | 5.1 % |
| UPM-KYMMENE OYJ | 5.0 % |
| WEYERHAEUSER CO | 5.0 % |
| WEST FRASER TIMBER CO LTD | 4.8 % |
| STORA ENSO OYJ-R SHS | 3.8 % |
| OJI PAPER CO LTD | 3.7 % |
Constituent Breakdown
| Number of holdings | 29 |
| Herfindahl-Hirschman Index | 397 |
| Wgt avg mkt cap (mns) | $7,160 |
| Large cap (>$10bn) | 23.0% |
| Mid cap ($2-10bn) | 62.7% |
| Small cap (<$2bn) | 14.3% |
| Developed mkts. | 80.4% |
| Emerging mkts. | 19.6% |
Country Exposure
 |
UNITED STATES | 32.3 % |
 |
JAPAN | 12.0 % |
 |
BRAZIL | 10.2 % |
 |
SWEDEN | 8.8 % |
 |
FINLAND | 8.8 % |
 |
CANADA | 5.9 % |
 |
BRITAIN | 3.4 % |
 |
CHILE | 3.1 % |
 |
SOUTH AFRICA | 2.7 % |
 |
INDONESIA | 1.5 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -5.5% | 8.7% | 5.5% | -1.6% | 5.5% | 5.7% | 4.8% | Volatility | 15.6% | 16.3% | 17.1% | 20.0% | 25.7% | 21.5% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.97 | 64% |
| MSCI EAFE | 1.02 | 74% |
| MSCI Emg Mkts | 0.86 | 51% |
Liquidity Measures
| Avg. volume (000) | 14 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.35% |
| ADV of underlying (mns) | $1,033 |
Technical Indicators
| Recent close | $78.75 |
| 30d moving avg. | $83.11 |
| Annualized volatility | 21.0% |
| Relative strength (RSI) | 46 |
| Short interest (ETF) | 1.7% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. WOOD |
Expenses vs. WOOD |
ALTAR Score™ vs. WOOD |
|---|---|---|---|---|
| CUT | Invesco MSCI Global Timber ETF | 46.6% | +19 bp | -1.4% |
| GNR | SPDR S&P Global Natural Resources ETF | 10.4% | -2 bp | -0.1% |
Risk and Returns: WOOD vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/15/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
WOOD
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
WOOD
9.9%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 375 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.6%. WOOD's ALTAR Score™ is approximately
1.2 standard deviations
above
the category average. This places WOOD in the 89th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
WOODSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| WOOD (42 bp) Percentile rank | 23 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| WOOD | 42.0 | 34.6 | 76.6 |
| Peer Avg. | 57.2 | 40.4 | 97.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .