LRND vs. VOTE

Last updated Aug 4, 2026

LRND (IQ U.S. Large Cap R&D Leaders ETF) and VOTE (TCW Transform 500 ETF) are both Large Cap Blend Equities funds - LRND tracks the IQ U.S. Large Cap R&D Leaders Index - Benchmark TR Gross while VOTE tracks the Morningstar US Large Cap Index. Both are passively managed. Over the past 3 years, LRND returned 21.92%/yr vs 21.15%/yr for VOTE. Their correlation of 0.94 means they have usually moved in the same direction. LRND charges 0.14%/yr vs 0.05%/yr for VOTE.

Performance

LRND vs. VOTE - 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 TCW Transform 500 ETF (VOTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LRND achieves a 12.76% return, which is significantly higher than VOTE's 11.82% return.

LRND

• 1D: 1.97%
• 1M: 3.93%
• 6M: 12.78%
• YTD: 12.76%
• 1Y: 26.47%
• 3Y*: 21.92%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.66%

VOTE

• 1D: 1.62%
• 1M: 1.57%
• 6M: 9.83%
• YTD: 11.82%
• 1Y: 23.13%
• 3Y*: 21.15%
• 5Y*: 12.73%
• 10Y*: —
• ALL TIME*: 13.27%

*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)
LRND IQ U.S. Large Cap R&D Leaders ETF	$19.34K	$1.86M	$1.87M
VOTE TCW Transform 500 ETF	$1.89M	$1.67M	$2.43M

LRND vs. VOTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
LRND IQ U.S. Large Cap R&D Leaders ETF	12.76%	20.31%	21.68%	44.13%	-19.33%
VOTE TCW Transform 500 ETF	11.82%	17.95%	25.23%	27.60%	-14.40%

Correlation

The correlation between LRND and VOTE is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (All Time) Calculated using the full available price history since Feb 8, 2022	0.94

The correlation between LRND and VOTE has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

LRND vs. VOTE - Sectors Allocation Comparison

Sectors	LRND	VOTE
Technology	60.0%	38.5%
Communication Services	13.8%	9.8%
Healthcare	11.2%	9.0%
Consumer Cyclical	7.1%	9.5%
Industrials	5.3%	8.8%
Consumer Defensive	1.7%	4.4%
Basic Materials	0.9%	1.7%
Financial Services	0.0%	11.5%
Real Estate	0.0%	1.7%
Energy	-	3.0%
Utilities	-	2.1%

Return for Risk

LRND vs. VOTE — Risk / Return Rank

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

LRND

LRND Risk / Return Rank: 58
LRND Sharpe Ratio Rank: 64
LRND Sortino Ratio Rank: 61
LRND Omega Ratio Rank: 58
LRND Calmar Ratio Rank: 51
LRND Martin Ratio Rank: 54

VOTE

VOTE Risk / Return Rank: 75
VOTE Sharpe Ratio Rank: 75
VOTE Sortino Ratio Rank: 74
VOTE Omega Ratio Rank: 73
VOTE Calmar Ratio Rank: 71
VOTE Martin Ratio Rank: 80

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.

LRND vs. VOTE - 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 TCW Transform 500 ETF (VOTE). 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.

	LRND	VOTE	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.78	-0.18
Sortino ratio: Return per unit of downside risk	2.21	2.46	-0.25
Omega ratio: Gain probability vs. loss probability	1.27	1.31	-0.04
Calmar ratio: Return relative to maximum drawdown	1.92	2.55	-0.63
Martin ratio: Return relative to average drawdown	6.83	10.80	-3.98

LRND vs. VOTE - Sharpe Ratio Comparison

The current LRND Sharpe Ratio is 1.60, which is comparable to the VOTE Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of LRND and VOTE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LRND vs. VOTE - Drawdown Comparison

The maximum LRND drawdown since its inception was -25.43%, roughly equal to the maximum VOTE drawdown of -25.71%. Use the drawdown chart below to compare losses from any high point for LRND and VOTE.

Drawdown Indicators

	LRND	VOTE	Difference
Max Drawdown Largest peak-to-trough decline	-25.43%	-25.71%	+0.28%
Max Drawdown (1Y) Largest decline over 1 year	-13.83%	-9.10%	-4.73%
Max Drawdown (3Y) Largest decline over 3 years	-21.06%	-19.08%	-1.98%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.71%	—
Current Drawdown Current decline from peak	-0.47%	0.00%	-0.47%
Average Drawdown Average peak-to-trough decline	-6.16%	-6.00%	-0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.89%	2.15%	+1.74%

Volatility

LRND vs. VOTE - Volatility Comparison

IQ U.S. Large Cap R&D Leaders ETF (LRND) has a higher volatility of 5.06% compared to TCW Transform 500 ETF (VOTE) at 3.93%. This indicates that LRND's price experiences larger fluctuations and is considered to be riskier than VOTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LRND	VOTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.06%	3.93%	+1.13%
Volatility (6M) Calculated over the trailing 6-month period	13.48%	10.39%	+3.09%
Volatility (1Y) Calculated over the trailing 1-year period	16.71%	13.11%	+3.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.99%	17.22%	+2.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.99%	17.09%	+2.90%

LRND vs. VOTE - Expense Ratio Comparison

LRND has a 0.14% expense ratio, which is higher than VOTE's 0.05% 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%.

Dividends

LRND vs. VOTE - Dividend Comparison

LRND's dividend yield for the trailing twelve months is around 0.41%, less than VOTE's 0.93% yield.

Position	TTM	2025	2024	2023	2022	2021
LRND IQ U.S. Large Cap R&D Leaders ETF	0.41%	0.67%	0.97%	1.22%	1.32%	0.00%
VOTE TCW Transform 500 ETF	0.93%	1.03%	1.18%	1.33%	1.54%	0.54%

Frequently Asked Questions

Can I hold both LRND and VOTE in my portfolio?

With a correlation of 0.93, LRND and VOTE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, LRND or VOTE?

LRND has higher volatility (5.06%) compared to VOTE (3.93%). In terms of maximum drawdown, LRND dropped -25.43% vs VOTE's -25.71%.

Which ETF is better, LRND or VOTE?

On 3-year performance, LRND leads with 21.92% vs 21.15% for VOTE. On fees, VOTE is cheaper at 0.05% per year. On volatility, VOTE has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LRND or VOTE?

Over the 3-year period, LRND has performed better with a 21.92% return vs 21.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LRND or VOTE?

VOTE is cheaper with a 0.05% expense ratio, compared with 0.14% for LRND.

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

VOTE has the higher dividend yield at 0.93%, compared with 0.41% for LRND.

What is the main difference between LRND and VOTE?

LRND tracks IQ U.S. Large Cap R&D Leaders Index - Benchmark TR Gross, while VOTE tracks Morningstar US Large Cap Index. They also come from different issuers: IndexIQ and TCW. Their fees differ too: 0.14% for LRND and 0.05% for VOTE.

Which has better risk-adjusted returns?

VOTE currently has the higher Sharpe Ratio (1.78 vs 1.59), 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.