IWFG vs. ULTR

Last updated Apr 2, 2026

Compare and contrast key facts about NYLI Winslow Focused Large Cap Growth ETF (IWFG) and IQ Ultra Short Duration ETF (ULTR).

IWFG and ULTR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWFG is an actively managed fund by New York Life. It was launched on Jun 23, 2022. ULTR is an actively managed fund by New York Life. It was launched on Jul 31, 2019.

Performance

IWFG vs. ULTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NYLI Winslow Focused Large Cap Growth ETF (IWFG) and IQ Ultra Short Duration ETF (ULTR). The values are adjusted to include any dividend payments, if applicable.

IWFG vs. ULTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IWFG NYLI Winslow Focused Large Cap Growth ETF	-12.12%	14.33%	37.56%	38.40%	3.75%
ULTR IQ Ultra Short Duration ETF	0.00%	0.00%	1.34%	5.48%	1.59%

Returns By Period

IWFG

• 1D: 1.14%
• 1M: -5.23%
• YTD: -12.12%
• 6M: -12.26%
• 1Y: 9.20%
• 3Y*: 19.97%
• 5Y*: —
• 10Y*: —

ULTR

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IWFG vs. ULTR - Expense Ratio Comparison

IWFG has a 0.46% expense ratio, which is higher than ULTR's 0.25% expense ratio.

IWFG

NYLI Winslow Focused Large Cap Growth ETF

ULTR

IQ Ultra Short Duration ETF

Return for Risk

IWFG vs. ULTR — Risk / Return Rank

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

IWFG

IWFG Risk / Return Rank: 22
IWFG Sharpe Ratio Rank: 22
IWFG Sortino Ratio Rank: 24
IWFG Omega Ratio Rank: 24
IWFG Calmar Ratio Rank: 21
IWFG Martin Ratio Rank: 21

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.

IWFG vs. ULTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NYLI Winslow Focused Large Cap Growth ETF (IWFG) and IQ Ultra Short Duration ETF (ULTR). 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.

	IWFG	ULTR	Difference
Sharpe ratio Return per unit of total volatility	0.41	—	—
Sortino ratio Return per unit of downside risk	0.75	—	—
Omega ratio Gain probability vs. loss probability	1.10	—	—
Calmar ratio Return relative to maximum drawdown	0.50	—	—
Martin ratio Return relative to average drawdown	1.59	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IWFG	ULTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	—	—

Correlation

The correlation between IWFG and ULTR is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

IWFG vs. ULTR - Dividend Comparison

Neither IWFG nor ULTR has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019
IWFG NYLI Winslow Focused Large Cap Growth ETF	0.00%	0.00%	5.44%	1.01%	0.05%	0.00%	0.00%	0.00%
ULTR IQ Ultra Short Duration ETF	0.00%	0.00%	1.12%	4.50%	2.43%	2.26%	1.90%	1.03%

Drawdowns

Drawdown Indicators

	IWFG	ULTR	Difference
Max Drawdown Largest peak-to-trough decline	-21.97%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-20.20%	—	—
Current Drawdown Current decline from peak	-16.31%	—	—
Average Drawdown Average peak-to-trough decline	-4.02%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	6.33%	—	—

Volatility

Volatility by Period

	IWFG	ULTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.13%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.78%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.69%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.69%	—	—