AVGV vs. WRND

Last updated Apr 1, 2026

Compare and contrast key facts about Avantis ALL Equity Markets Value ETF (AVGV) and IQ Global Equity R&D Leaders ETF (WRND).

AVGV and WRND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVGV is an actively managed fund by Avantis. It was launched on Jun 27, 2023. WRND is a passively managed fund by IndexIQ that tracks the performance of the IQ Global Equity R&D Leaders Index - Benchmark TR Net. It was launched on Feb 8, 2022.

Performance

AVGV vs. WRND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis ALL Equity Markets Value ETF (AVGV) and IQ Global Equity R&D Leaders ETF (WRND). The values are adjusted to include any dividend payments, if applicable.

AVGV vs. WRND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVGV Avantis ALL Equity Markets Value ETF	6.18%	22.57%	11.26%	11.36%
WRND IQ Global Equity R&D Leaders ETF	-3.11%	27.72%	13.46%	7.87%

Returns By Period

In the year-to-date period, AVGV achieves a 6.18% return, which is significantly higher than WRND's -3.11% return.

AVGV

• 1D: 2.53%
• 1M: -5.12%
• YTD: 6.18%
• 6M: 11.59%
• 1Y: 30.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WRND

• 1D: 4.07%
• 1M: -6.90%
• YTD: -3.11%
• 6M: -0.04%
• 1Y: 22.97%
• 3Y*: 17.80%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVGV vs. WRND - Expense Ratio Comparison

AVGV has a 0.26% expense ratio, which is higher than WRND's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

AVGV

Avantis ALL Equity Markets Value ETF

WRND

IQ Global Equity R&D Leaders ETF

Return for Risk

AVGV vs. WRND — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVGV

AVGV Risk / Return Rank: 88
AVGV Sharpe Ratio Rank: 87
AVGV Sortino Ratio Rank: 88
AVGV Omega Ratio Rank: 89
AVGV Calmar Ratio Rank: 84
AVGV Martin Ratio Rank: 90

WRND

WRND Risk / Return Rank: 65
WRND Sharpe Ratio Rank: 63
WRND Sortino Ratio Rank: 65
WRND Omega Ratio Rank: 62
WRND Calmar Ratio Rank: 68
WRND Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVGV vs. WRND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis ALL Equity Markets Value ETF (AVGV) and IQ Global Equity R&D Leaders ETF (WRND). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AVGV	WRND	Difference
Sharpe ratio Return per unit of total volatility	1.74	1.12	+0.61
Sortino ratio Return per unit of downside risk	2.38	1.67	+0.72
Omega ratio Gain probability vs. loss probability	1.36	1.23	+0.13
Calmar ratio Return relative to maximum drawdown	2.35	1.75	+0.60
Martin ratio Return relative to average drawdown	11.21	6.86	+4.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVGV vs. WRND - Sharpe Ratio Comparison

The current AVGV Sharpe Ratio is 1.74, which is higher than the WRND Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of AVGV and WRND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AVGV	WRND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	1.12	+0.61
Sharpe Ratio (All Time) Calculated using the full available price history	1.26	0.58	+0.68

Correlation

The correlation between AVGV and WRND is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

AVGV vs. WRND - Dividend Comparison

AVGV's dividend yield for the trailing twelve months is around 2.08%, more than WRND's 1.18% yield.

	TTM	2025	2024	2023	2022
AVGV Avantis ALL Equity Markets Value ETF	2.08%	1.98%	2.32%	1.14%	0.00%
WRND IQ Global Equity R&D Leaders ETF	1.18%	1.29%	1.15%	2.06%	2.06%

Drawdowns

AVGV vs. WRND - Drawdown Comparison

The maximum AVGV drawdown since its inception was -17.03%, smaller than the maximum WRND drawdown of -27.16%. Use the drawdown chart below to compare losses from any high point for AVGV and WRND.

Drawdown Indicators

	AVGV	WRND	Difference
Max Drawdown Largest peak-to-trough decline	-17.03%	-27.16%	+10.13%
Max Drawdown (1Y) Largest decline over 1 year	-13.09%	-12.75%	-0.34%
Current Drawdown Current decline from peak	-5.55%	-8.87%	+3.32%
Average Drawdown Average peak-to-trough decline	-2.38%	-6.16%	+3.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	3.26%	-0.52%

Volatility

AVGV vs. WRND - Volatility Comparison

The current volatility for Avantis ALL Equity Markets Value ETF (AVGV) is 5.87%, while IQ Global Equity R&D Leaders ETF (WRND) has a volatility of 8.10%. This indicates that AVGV experiences smaller price fluctuations and is considered to be less risky than WRND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVGV	WRND	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.87%	8.10%	-2.23%
Volatility (6M) Calculated over the trailing 6-month period	10.16%	13.20%	-3.04%
Volatility (1Y) Calculated over the trailing 1-year period	17.71%	20.59%	-2.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.10%	18.78%	-3.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.10%	18.78%	-3.68%