IFLR vs. WRND

Last updated Aug 2, 2026

IFLR (Innovator International Developed Managed Floor ETF) and WRND (IQ Global Equity R&D Leaders ETF) are both Global Equities funds. IFLR is actively managed, while WRND is passively managed. Their 0.77 correlation means they have sometimes moved together and sometimes differently. IFLR charges 0.89%/yr vs 0.18%/yr for WRND.

Performance

IFLR vs. WRND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator International Developed Managed Floor ETF (IFLR) and IQ Global Equity R&D Leaders ETF (WRND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IFLR achieves a 7.58% return, which is significantly lower than WRND's 12.55% return.

IFLR

• 1D: 0.42%
• 1M: 1.08%
• 6M: 3.31%
• YTD: 7.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

WRND

• 1D: 2.30%
• 1M: -0.30%
• 6M: 7.58%
• YTD: 12.55%
• 1Y: 28.82%
• 3Y*: 19.01%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.73%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IFLR Innovator International Developed Managed Floor ETF	$761.70K	$614.46K	$734.84K
WRND IQ Global Equity R&D Leaders ETF	$60.47K	$31.46K	$21.89K

IFLR vs. WRND - Yearly Performance Comparison

	2026 (YTD)	2025
IFLR Innovator International Developed Managed Floor ETF	7.58%	3.03%
WRND IQ Global Equity R&D Leaders ETF	12.55%	3.17%

Correlation

The correlation between IFLR and WRND is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025	0.77

IFLR vs. WRND - Sectors Allocation Comparison

Sectors	IFLR	WRND
Financial Services	23.2%	2.9%
Industrials	16.9%	12.8%
Technology	11.5%	51.9%
Healthcare	9.5%	11.9%
Consumer Cyclical	7.1%	7.0%
Consumer Defensive	6.4%	1.5%
Basic Materials	5.5%	1.3%
Energy	3.8%	-
Utilities	3.6%	-
Communication Services	3.3%	10.8%
Real Estate	1.5%	-

Return for Risk

IFLR vs. WRND — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IFLR

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

WRND

WRND Risk / Return Rank: 60
WRND Sharpe Ratio Rank: 61
WRND Sortino Ratio Rank: 58
WRND Omega Ratio Rank: 56
WRND Calmar Ratio Rank: 62
WRND Martin Ratio Rank: 66

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IFLR vs. WRND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed Managed Floor ETF (IFLR) 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.

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.

	IFLR	WRND	Difference
Sharpe ratio: Return per unit of total volatility	—	1.43	—
Sortino ratio: Return per unit of downside risk	—	2.01	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	2.18	—
Martin ratio: Return relative to average drawdown	—	8.00	—

Drawdowns

IFLR vs. WRND - Drawdown Comparison

The maximum IFLR drawdown since its inception was -9.58%, smaller than the maximum WRND drawdown of -27.16%. Use the drawdown chart below to compare losses from any high point for IFLR and WRND.

Drawdown Indicators

	IFLR	WRND	Difference
Max Drawdown Largest peak-to-trough decline	-9.58%	-27.16%	+17.58%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.43%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.41%	—
Current Drawdown Current decline from peak	-0.18%	-3.82%	+3.64%
Average Drawdown Average peak-to-trough decline	-2.54%	-5.90%	+3.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.38%	—

Volatility

Volatility by Period

	IFLR	WRND	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.17%	18.93%	-5.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.17%	19.02%	-5.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.17%	19.02%	-5.85%

IFLR vs. WRND - Expense Ratio Comparison

IFLR has a 0.89% expense ratio, which is higher than WRND's 0.18% expense ratio.

Dividends

IFLR vs. WRND - Dividend Comparison

IFLR's dividend yield for the trailing twelve months is around 0.93%, which matches WRND's 0.93% yield.

Position	TTM	2025	2024	2023	2022
IFLR Innovator International Developed Managed Floor ETF	0.93%	0.00%	0.00%	0.00%	0.00%
WRND IQ Global Equity R&D Leaders ETF	0.93%	1.29%	1.15%	2.06%	2.06%

Frequently Asked Questions

Can I hold both IFLR and WRND in my portfolio?

IFLR and WRND have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IFLR or WRND?

On fees, WRND is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IFLR or WRND?

WRND is cheaper with a 0.18% expense ratio, compared with 0.89% for IFLR.

Which ETF pays a higher dividend yield, IFLR or WRND?

IFLR and WRND have nearly identical dividend yields, around 0.93%.

What is the main difference between IFLR and WRND?

They also come from different issuers: Innovator and IndexIQ. Their fees differ too: 0.89% for IFLR and 0.18% for WRND.