LRND vs. TOLZ

Last updated Jun 4, 2026

LRND (IQ U.S. Large Cap R&D Leaders ETF) and TOLZ (ProShares DJ Brookfield Global Infrastructure ETF) are both exchange-traded funds - LRND is a Large Cap Blend Equities fund tracking the IQ U.S. Large Cap R&D Leaders Index - Benchmark TR Gross, while TOLZ is a Industrials Equities fund tracking the Dow Jones Brookfield Global Infrastructure Composite Index. Both are passively managed. Over the past 3 years, LRND returned 23.71%/yr vs 14.17%/yr for TOLZ. At a 0.41 correlation, their price movements are largely independent. LRND charges 0.14%/yr vs 0.46%/yr for TOLZ.

Performance

LRND vs. TOLZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IQ U.S. Large Cap R&D Leaders ETF (LRND) and ProShares DJ Brookfield Global Infrastructure ETF (TOLZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LRND achieves a 11.98% return, which is significantly higher than TOLZ's 11.31% return.

LRND

• 1D: -1.16%
• 1M: 7.42%
• YTD: 11.98%
• 6M: 11.46%
• 1Y: 34.53%
• 3Y*: 23.71%
• 5Y*: —
• 10Y*: —

TOLZ

• 1D: -0.10%
• 1M: -1.82%
• YTD: 11.31%
• 6M: 11.51%
• 1Y: 13.97%
• 3Y*: 14.17%
• 5Y*: 8.46%
• 10Y*: 7.75%

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

LRND vs. TOLZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
LRND IQ U.S. Large Cap R&D Leaders ETF	11.98%	20.31%	21.68%	44.13%	-19.33%
TOLZ ProShares DJ Brookfield Global Infrastructure ETF	11.31%	14.76%	11.67%	6.18%	-3.21%

Correlation

The correlation between LRND and TOLZ is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (All Time) Calculated using the full available price history since Feb 9, 2022	0.41

Over the past year, the correlation between LRND and TOLZ has dropped to 0.01 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.

LRND vs. TOLZ - Sectors Allocation Comparison

Sectors	LRND	TOLZ
Technology	57.8%	0.4%
Communication Services	15.8%	-
Healthcare	10.1%	-
Consumer Cyclical	8.1%	0.8%
Industrials	5.5%	5.2%
Consumer Defensive	1.9%	4.5%
Basic Materials	0.9%	-
Financial Services	0.0%	2.0%
Energy	-	35.4%
Real Estate	-	8.0%
Utilities	-	22.2%

Return for Risk

LRND vs. TOLZ — Risk / Return Rank

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

LRND

LRND Risk / Return Rank: 62
LRND Sharpe Ratio Rank: 69
LRND Sortino Ratio Rank: 67
LRND Omega Ratio Rank: 65
LRND Calmar Ratio Rank: 51
LRND Martin Ratio Rank: 58

TOLZ

TOLZ Risk / Return Rank: 43
TOLZ Sharpe Ratio Rank: 38
TOLZ Sortino Ratio Rank: 38
TOLZ Omega Ratio Rank: 35
TOLZ Calmar Ratio Rank: 55
TOLZ Martin Ratio Rank: 49

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.

LRND vs. TOLZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IQ U.S. Large Cap R&D Leaders ETF (LRND) and ProShares DJ Brookfield Global Infrastructure ETF (TOLZ). 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.

	LRND	TOLZ	Difference
Sharpe ratio: Return per unit of total volatility	2.28	1.36	+0.91
Sortino ratio: Return per unit of downside risk	3.06	1.99	+1.08
Omega ratio: Gain probability vs. loss probability	1.39	1.23	+0.16
Calmar ratio: Return relative to maximum drawdown	2.51	2.71	-0.20
Martin ratio: Return relative to average drawdown	10.01	8.20	+1.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LRND vs. TOLZ - Sharpe Ratio Comparison

The current LRND Sharpe Ratio is 2.28, which is higher than the TOLZ Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of LRND and TOLZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LRND	TOLZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	1.36	+0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.41	+0.40

Drawdowns

LRND vs. TOLZ - Drawdown Comparison

The maximum LRND drawdown since its inception was -25.43%, smaller than the maximum TOLZ drawdown of -39.33%. Use the drawdown chart below to compare losses from any high point for LRND and TOLZ.

Drawdown Indicators

	LRND	TOLZ	Difference
Max Drawdown Largest peak-to-trough decline	-25.43%	-39.33%	+13.90%
Max Drawdown (1Y) Largest decline over 1 year	-13.83%	-5.18%	-8.65%
Max Drawdown (3Y) Largest decline over 3 years	-21.06%	-11.94%	-9.12%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.33%	—
Current Drawdown Current decline from peak	-1.16%	-3.13%	+1.97%
Average Drawdown Average peak-to-trough decline	-6.24%	-6.63%	+0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	1.71%	+1.75%

Volatility

LRND vs. TOLZ - Volatility Comparison

IQ U.S. Large Cap R&D Leaders ETF (LRND) has a higher volatility of 3.73% compared to ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) at 3.37%. This indicates that LRND's price experiences larger fluctuations and is considered to be riskier than TOLZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LRND	TOLZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	3.37%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	11.84%	8.20%	+3.64%
Volatility (1Y) Calculated over the trailing 1-year period	15.24%	10.29%	+4.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.99%	13.99%	+6.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.99%	16.29%	+3.70%

LRND vs. TOLZ - Expense Ratio Comparison

LRND has a 0.14% expense ratio, which is lower than TOLZ's 0.46% expense ratio.

Dividends

LRND vs. TOLZ - Dividend Comparison

LRND's dividend yield for the trailing twelve months is around 0.49%, less than TOLZ's 3.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LRND IQ U.S. Large Cap R&D Leaders ETF	0.49%	0.67%	0.97%	1.22%	1.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TOLZ ProShares DJ Brookfield Global Infrastructure ETF	3.66%	3.99%	3.53%	3.34%	3.01%	3.28%	3.16%	2.96%	3.63%	3.30%	2.62%	3.67%

Frequently Asked Questions

Can I hold both LRND and TOLZ in my portfolio?

LRND and TOLZ have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LRND or TOLZ?

LRND has higher volatility (3.73%) compared to TOLZ (3.37%). In terms of maximum drawdown, LRND dropped -25.43% vs TOLZ's -39.33%.

Which ETF is better, LRND or TOLZ?

On 3-year performance, LRND leads with 23.71% vs 14.17% for TOLZ. On fees, LRND is cheaper at 0.14% per year. On volatility, TOLZ has been the lower-risk option at 3.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LRND or TOLZ?

Over the 3-year period, LRND has performed better with a 23.71% return vs 14.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LRND or TOLZ?

LRND is cheaper with a 0.14% expense ratio, compared with 0.46% for TOLZ.

Which ETF pays a higher dividend yield, LRND or TOLZ?

TOLZ has the higher dividend yield at 3.66%, compared with 0.49% for LRND.

What is the main difference between LRND and TOLZ?

LRND is categorized as Large Cap Blend Equities, while TOLZ is Industrials Equities. LRND tracks IQ U.S. Large Cap R&D Leaders Index - Benchmark TR Gross, while TOLZ tracks Dow Jones Brookfield Global Infrastructure Composite Index. They also come from different issuers: IndexIQ and ProShares. Their fees differ too: 0.14% for LRND and 0.46% for TOLZ.

Which has better risk-adjusted returns?

LRND currently has the higher Sharpe Ratio (2.28 vs 1.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.