- ISIN
- US45409B2631
- Issuer
- IndexIQ
- Inception Date
- Feb 8, 2022
- Region
- North America (U.S.)
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- IQ U.S. Large Cap R&D Leaders Index - Benchmark TR Gross
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $205M
Share Price Chart
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Performance
LRND Performance Chart
IQ U.S. Large Cap R&D Leaders ETF (LRND) is up 7.6% since the beginning of the year. LRND is currently trading at $44 per share.
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Returns By Period
IQ U.S. Large Cap R&D Leaders ETF (LRND) has returned 7.55% so far this year and 27.35% over the past 12 months.
IQ U.S. Large Cap R&D Leaders ETF
- 1D
- -1.34%
- 1M
- -2.17%
- YTD
- 7.55%
- 6M
- 7.49%
- 1Y
- 27.35%
- 3Y*
- 21.07%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
LRND Monthly Returns History
Based on dividend-adjusted daily data since Feb 8, 2022, LRND's average daily return is +0.06%, while the average monthly return is +1.29%. At this rate, an investment would double in approximately 4.5 years.
Historically, 57% of months were positive and 43% were negative. The best month was Apr 2026 with a return of +13.7%, while the worst month was Apr 2022 at -10.8%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 5 months.
On a daily basis, LRND closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +10.4%, while the worst single day was Apr 4, 2025 at -5.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.32% | -3.13% | -5.45% | 13.65% | 8.32% | -4.30% | 7.55% | ||||||
| 2025 | 4.15% | -2.87% | -6.65% | -1.22% | 6.27% | 7.18% | 2.82% | 2.24% | 5.09% | 3.55% | -0.35% | -0.67% | 20.31% |
| 2024 | 2.33% | 5.29% | 3.27% | -5.28% | 4.33% | 5.65% | -1.12% | 0.99% | 2.05% | -1.05% | 4.12% | -0.23% | 21.68% |
| 2023 | 8.79% | -1.92% | 8.35% | 0.24% | 5.62% | 6.12% | 3.63% | -1.08% | -4.41% | -2.66% | 9.75% | 5.99% | 44.13% |
| 2022 | -3.36% | 4.26% | -10.77% | 0.46% | -8.11% | 8.44% | -4.94% | -9.50% | 5.61% | 5.89% | -6.81% | -19.33% |
Benchmark Metrics
IQ U.S. Large Cap R&D Leaders ETF has an annualized alpha of 1.29%, beta of 1.10, and R2 of 0.92 versus S&P 500 Index. Calculated based on daily prices since February 08, 2022.
- This ETF captured 121.25% of S&P 500 Index gains and 111.47% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.10 and R2 of 0.92, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.29%
- Beta
- 1.10
- R²
- 0.92
- Upside Capture
- 121.25%
- Downside Capture
- 111.47%
Expense Ratio
LRND has an expense ratio of 0.14%, which is considered low.
Return for Risk
Risk / Return Rank
LRND ranks 47 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for IQ U.S. Large Cap R&D Leaders ETF (LRND) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LRND | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 2.78 | -0.80 |
| Martin ratioReturn relative to average drawdown | 7.63 | 12.44 | -4.81 |
Dividends
Dividend History
IQ U.S. Large Cap R&D Leaders ETF provided a 0.51% dividend yield over the last twelve months, with an annual payout of $0.22 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.22 | $0.27 | $0.33 | $0.35 | $0.26 |
Dividend yield | 0.51% | 0.67% | 0.97% | 1.22% | 1.32% |
Monthly Dividends
The table displays the monthly dividend distributions for IQ U.S. Large Cap R&D Leaders ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.04 | ||||||
| 2025 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.02 | $0.27 |
| 2024 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.33 |
| 2023 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.11 | $0.35 |
| 2022 | $0.04 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.26 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the IQ U.S. Large Cap R&D Leaders ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the IQ U.S. Large Cap R&D Leaders ETF was 25.43%, occurring on Oct 14, 2022. Recovery took 165 trading sessions.
The current IQ U.S. Large Cap R&D Leaders ETF drawdown is 5.07%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -25.43%Oct 2022 | 6mo 18d | 8mo 2d | 1y 2moMar 2022 - Jun 2023 |
2025 selloff2025 | -21.06%Apr 2025 | 1mo 17d | 2mo 19d | 4mo 6dFeb 2025 - Jun 2025 |
2026 correction2026 | -13.83%Mar 2026 | 5mo 1d | 18d | 5mo 19dOct 2025 - Apr 2026 |
2024 correction2024 | -11.98%Aug 2024 | 27d | 3mo 1d | 3mo 28dJul 2024 - Nov 2024 |
2023 pullback2023 | -9.76%Oct 2023 | 2mo 28d | 24d | 3mo 22dJul 2023 - Nov 2023 |
Drawdown Indicators
| LRND | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.43% | -56.78% | +31.35% |
Max Drawdown (1Y)Largest decline over 1 year | -13.83% | -9.10% | -4.73% |
Max Drawdown (3Y)Largest decline over 3 years | -21.06% | -18.90% | -2.16% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -5.07% | -1.80% | -3.27% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -10.71% | +4.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 2.03% | +1.57% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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