LRND vs. WRND
Compare and contrast key facts about IQ U.S. Large Cap R&D Leaders ETF (LRND) and IQ Global Equity R&D Leaders ETF (WRND).
LRND and WRND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LRND is a passively managed fund by IndexIQ that tracks the performance of the IQ U.S. Large Cap R&D Leaders Index - Benchmark TR Gross. It was launched on Feb 8, 2022. 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. Both LRND and WRND are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LRND or WRND.
Correlation
The correlation between LRND and WRND is 0.92, 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.
Performance
LRND vs. WRND - Performance Comparison
Key characteristics
LRND:
-0.06
WRND:
0.07
LRND:
0.06
WRND:
0.24
LRND:
1.01
WRND:
1.03
LRND:
-0.06
WRND:
0.07
LRND:
-0.25
WRND:
0.33
LRND:
5.22%
WRND:
4.08%
LRND:
21.01%
WRND:
19.14%
LRND:
-25.43%
WRND:
-27.16%
LRND:
-17.16%
WRND:
-12.82%
Returns By Period
In the year-to-date period, LRND achieves a -12.96% return, which is significantly lower than WRND's -5.99% return.
LRND
-12.96%
-10.31%
-11.43%
1.32%
N/A
N/A
WRND
-5.99%
-10.11%
-7.81%
3.10%
N/A
N/A
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LRND vs. WRND - Expense Ratio Comparison
LRND has a 0.14% expense ratio, which is lower than WRND's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
LRND vs. WRND — Risk-Adjusted Performance Rank
LRND
WRND
LRND vs. WRND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ U.S. Large Cap R&D Leaders ETF (LRND) 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.
Dividends
LRND vs. WRND - Dividend Comparison
LRND's dividend yield for the trailing twelve months is around 1.13%, less than WRND's 1.61% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
LRND IQ U.S. Large Cap R&D Leaders ETF | 1.13% | 0.97% | 1.22% | 1.32% |
WRND IQ Global Equity R&D Leaders ETF | 1.61% | 1.15% | 2.06% | 2.07% |
Drawdowns
LRND vs. WRND - Drawdown Comparison
The maximum LRND drawdown since its inception was -25.43%, smaller than the maximum WRND drawdown of -27.16%. Use the drawdown chart below to compare losses from any high point for LRND and WRND. For additional features, visit the drawdowns tool.
Volatility
LRND vs. WRND - Volatility Comparison
IQ U.S. Large Cap R&D Leaders ETF (LRND) has a higher volatility of 14.71% compared to IQ Global Equity R&D Leaders ETF (WRND) at 13.07%. This indicates that LRND's price experiences larger fluctuations and is considered to be riskier than WRND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.