WRND vs. ACWV

Last updated Jul 14, 2026

WRND (IQ Global Equity R&D Leaders ETF) and ACWV (iShares MSCI Global Min Vol Factor ETF) are both Global Equities funds - WRND tracks the IQ Global Equity R&D Leaders Index - Benchmark TR Net while ACWV tracks the MSCI ACWI Minimum Volatility Index. Both are passively managed. Over the past 3 years, WRND returned 19.46%/yr vs 9.88%/yr for ACWV. A 0.65 correlation means they provide meaningful diversification when combined. WRND charges 0.18%/yr vs 0.20%/yr for ACWV.

Performance

WRND vs. ACWV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IQ Global Equity R&D Leaders ETF (WRND) and iShares MSCI Global Min Vol Factor ETF (ACWV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WRND achieves a 12.50% return, which is significantly higher than ACWV's 3.83% return.

WRND

• 1D: -1.32%
• 1M: 0.22%
• 6M: 8.05%
• YTD: 12.50%
• 1Y: 27.69%
• 3Y*: 19.46%
• 5Y*: —
• 10Y*: —

ACWV

• 1D: -0.15%
• 1M: 0.92%
• 6M: 2.66%
• YTD: 3.83%
• 1Y: 6.41%
• 3Y*: 9.88%
• 5Y*: 5.49%
• 10Y*: 7.02%

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

WRND vs. ACWV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
WRND IQ Global Equity R&D Leaders ETF	12.50%	27.72%	13.46%	34.85%	-19.17%
ACWV iShares MSCI Global Min Vol Factor ETF	3.83%	11.04%	11.38%	8.23%	-5.98%

Correlation

The correlation between WRND and ACWV is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (All Time) Calculated using the full available price history since Feb 8, 2022	0.65

Over the past year, the correlation between WRND and ACWV has dropped to 0.39 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

WRND vs. ACWV - Sectors Allocation Comparison

Sectors	WRND	ACWV
Technology	52.8%	25.8%
Industrials	12.9%	8.1%
Communication Services	12.4%	11.9%
Healthcare	11.3%	13.0%
Consumer Cyclical	8.3%	5.1%
Consumer Defensive	1.4%	9.8%
Basic Materials	0.9%	1.5%
Energy	-	3.7%
Financial Services	-	13.2%
Real Estate	-	0.6%
Utilities	-	7.3%

Return for Risk

WRND vs. ACWV — Risk / Return Rank

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

WRND

WRND Risk / Return Rank: 57
WRND Sharpe Ratio Rank: 57
WRND Sortino Ratio Rank: 56
WRND Omega Ratio Rank: 53
WRND Calmar Ratio Rank: 56
WRND Martin Ratio Rank: 63

ACWV

ACWV Risk / Return Rank: 26
ACWV Sharpe Ratio Rank: 27
ACWV Sortino Ratio Rank: 25
ACWV Omega Ratio Rank: 25
ACWV Calmar Ratio Rank: 26
ACWV Martin Ratio Rank: 27

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.

WRND vs. ACWV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IQ Global Equity R&D Leaders ETF (WRND) and iShares MSCI Global Min Vol Factor ETF (ACWV). 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.

	WRND	ACWV	Difference
Sharpe ratio: Return per unit of total volatility	1.53	0.80	+0.73
Sortino ratio: Return per unit of downside risk	2.14	1.18	+0.96
Omega ratio: Gain probability vs. loss probability	1.27	1.15	+0.12
Calmar ratio: Return relative to maximum drawdown	2.24	1.01	+1.23
Martin ratio: Return relative to average drawdown	8.76	2.89	+5.87

WRND vs. ACWV - Sharpe Ratio Comparison

The current WRND Sharpe Ratio is 1.53, which is higher than the ACWV Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of WRND and ACWV, 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

WRND vs. ACWV - Drawdown Comparison

The maximum WRND drawdown since its inception was -27.16%, smaller than the maximum ACWV drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for WRND and ACWV.

Drawdown Indicators

	WRND	ACWV	Difference
Max Drawdown Largest peak-to-trough decline	-27.16%	-28.82%	+1.66%
Max Drawdown (1Y) Largest decline over 1 year	-12.43%	-6.37%	-6.06%
Max Drawdown (3Y) Largest decline over 3 years	-18.41%	-7.56%	-10.85%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-28.82%	—
Current Drawdown Current decline from peak	-3.86%	-1.52%	-2.34%
Average Drawdown Average peak-to-trough decline	-5.91%	-3.11%	-2.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	2.22%	+0.95%

Volatility

WRND vs. ACWV - Volatility Comparison

IQ Global Equity R&D Leaders ETF (WRND) has a higher volatility of 6.49% compared to iShares MSCI Global Min Vol Factor ETF (ACWV) at 3.17%. This indicates that WRND's price experiences larger fluctuations and is considered to be riskier than ACWV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WRND	ACWV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.49%	3.17%	+3.32%
Volatility (6M) Calculated over the trailing 6-month period	15.22%	6.23%	+8.99%
Volatility (1Y) Calculated over the trailing 1-year period	18.27%	8.07%	+10.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.95%	10.27%	+8.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.95%	12.29%	+6.66%

WRND vs. ACWV - Expense Ratio Comparison

WRND has a 0.18% expense ratio, which is lower than ACWV's 0.20% 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%.

Dividends

WRND vs. ACWV - Dividend Comparison

WRND's dividend yield for the trailing twelve months is around 0.93%, less than ACWV's 1.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACWV iShares MSCI Global Min Vol Factor ETF	1.93%	2.09%	2.33%	2.41%	2.18%	1.92%	1.77%	2.54%	2.32%	2.04%	2.56%	2.28%
WRND IQ Global Equity R&D Leaders ETF	0.93%	1.29%	1.15%	2.06%	2.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WRND and ACWV in my portfolio?

WRND and ACWV have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WRND or ACWV?

WRND has higher volatility (6.49%) compared to ACWV (3.17%). In terms of maximum drawdown, WRND dropped -27.16% vs ACWV's -28.82%.

Which ETF is better, WRND or ACWV?

On 3-year performance, WRND leads with 19.46% vs 9.88% for ACWV. On fees, WRND is cheaper at 0.18% per year. On volatility, ACWV has been the lower-risk option at 3.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WRND or ACWV?

Over the 3-year period, WRND has performed better with a 19.46% return vs 9.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WRND or ACWV?

WRND is cheaper with a 0.18% expense ratio, compared with 0.20% for ACWV.

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

ACWV has the higher dividend yield at 1.93%, compared with 0.93% for WRND.

What is the main difference between WRND and ACWV?

WRND tracks IQ Global Equity R&D Leaders Index - Benchmark TR Net, while ACWV tracks MSCI ACWI Minimum Volatility Index. They also come from different issuers: IndexIQ and iShares. Their fees differ too: 0.18% for WRND and 0.20% for ACWV.

Which has better risk-adjusted returns?

WRND currently has the higher Sharpe Ratio (1.53 vs 0.80), 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.