Currently, consumer spending is low, meaning that packaging demand is also low. But CUT could show further improvements when the health of the global economy improves.

Another timber-related ETF to consider is iShares S&P Global Timber & Forestry Idx (NasdaqGM: WOOD), which is currently up 20% year-to-date. The fund holds companies engaged in the ownership, management or upstream supply chain of forests and timberlands. Its industry weightings are heaviest in paper and forest products and real estate investment trusts (REITs).

For more information on the timber industry, visit our timber category.

Max Chen contributed to this article.

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