WRND vs. AVGV

Last updated Jun 24, 2026

WRND (IQ Global Equity R&D Leaders ETF) and AVGV (Avantis All Equity Markets Value ETF) are both Global Equities funds. WRND is passively managed, while AVGV is actively managed. Over the past year, WRND returned 32.11% vs 35.25% for AVGV. A 0.79 correlation means they provide meaningful diversification when combined. WRND charges 0.18%/yr vs 0.26%/yr for AVGV.

Performance

WRND vs. AVGV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IQ Global Equity R&D Leaders ETF (WRND) and Avantis All Equity Markets Value ETF (AVGV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WRND achieves a 11.07% return, which is significantly lower than AVGV's 16.61% return.

WRND

• 1D: -2.64%
• 1M: -2.43%
• YTD: 11.07%
• 6M: 10.80%
• 1Y: 32.11%
• 3Y*: 20.31%
• 5Y*: —
• 10Y*: —

AVGV

• 1D: -1.36%
• 1M: 0.85%
• YTD: 16.61%
• 6M: 15.61%
• 1Y: 35.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WRND vs. AVGV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
WRND IQ Global Equity R&D Leaders ETF	11.07%	27.72%	13.46%	7.69%
AVGV Avantis All Equity Markets Value ETF	16.61%	22.57%	11.26%	11.88%

Correlation

The correlation between WRND and AVGV is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023	0.79

The correlation between WRND and AVGV has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.

WRND vs. AVGV - Sectors Allocation Comparison

Sectors	WRND	AVGV
Technology	52.8%	12.1%
Industrials	12.9%	16.2%
Communication Services	12.4%	5.0%
Healthcare	11.3%	4.5%
Consumer Cyclical	8.3%	14.7%
Consumer Defensive	1.4%	5.2%
Basic Materials	0.9%	7.2%
Energy	-	12.4%
Financial Services	-	21.3%
Real Estate	-	0.7%
Utilities	-	0.7%

Return for Risk

WRND vs. AVGV — 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: 58
WRND Sortino Ratio Rank: 56
WRND Omega Ratio Rank: 53
WRND Calmar Ratio Rank: 57
WRND Martin Ratio Rank: 64

AVGV

AVGV Risk / Return Rank: 84
AVGV Sharpe Ratio Rank: 85
AVGV Sortino Ratio Rank: 85
AVGV Omega Ratio Rank: 82
AVGV Calmar Ratio Rank: 84
AVGV Martin Ratio Rank: 85

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. AVGV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IQ Global Equity R&D Leaders ETF (WRND) and Avantis All Equity Markets Value ETF (AVGV). 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	AVGV	Difference
Sharpe ratio: Return per unit of total volatility	1.79	2.64	-0.85
Sortino ratio: Return per unit of downside risk	2.44	3.64	-1.20
Omega ratio: Gain probability vs. loss probability	1.31	1.47	-0.16
Calmar ratio: Return relative to maximum drawdown	2.59	4.36	-1.77
Martin ratio: Return relative to average drawdown	10.58	16.95	-6.37

WRND vs. AVGV - Sharpe Ratio Comparison

The current WRND Sharpe Ratio is 1.79, which is lower than the AVGV Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of WRND and AVGV, 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. AVGV - Drawdown Comparison

The maximum WRND drawdown since its inception was -27.16%, which is greater than AVGV's maximum drawdown of -17.03%. Use the drawdown chart below to compare losses from any high point for WRND and AVGV.

Drawdown Indicators

	WRND	AVGV	Difference
Max Drawdown Largest peak-to-trough decline	-27.16%	-17.03%	-10.13%
Max Drawdown (1Y) Largest decline over 1 year	-12.43%	-8.12%	-4.31%
Max Drawdown (3Y) Largest decline over 3 years	-18.41%	—	—
Current Drawdown Current decline from peak	-5.09%	-1.88%	-3.21%
Average Drawdown Average peak-to-trough decline	-5.94%	-2.27%	-3.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	2.09%	+0.95%

Volatility

WRND vs. AVGV - Volatility Comparison

IQ Global Equity R&D Leaders ETF (WRND) has a higher volatility of 7.45% compared to Avantis All Equity Markets Value ETF (AVGV) at 4.56%. This indicates that WRND's price experiences larger fluctuations and is considered to be riskier than AVGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WRND	AVGV	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.45%	4.56%	+2.89%
Volatility (6M) Calculated over the trailing 6-month period	14.89%	10.46%	+4.43%
Volatility (1Y) Calculated over the trailing 1-year period	18.03%	13.41%	+4.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.98%	15.03%	+3.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.98%	15.03%	+3.95%

WRND vs. AVGV - Expense Ratio Comparison

WRND has a 0.18% expense ratio, which is lower than AVGV's 0.26% 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. AVGV - Dividend Comparison

WRND's dividend yield for the trailing twelve months is around 1.03%, less than AVGV's 2.49% yield.

Position	TTM	2025	2024	2023	2022
AVGV Avantis All Equity Markets Value ETF	2.49%	1.98%	2.32%	1.14%	0.00%
WRND IQ Global Equity R&D Leaders ETF	1.03%	1.29%	1.15%	2.06%	2.06%

Frequently Asked Questions

Can I hold both WRND and AVGV in my portfolio?

WRND and AVGV have a correlation of 0.76, 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 AVGV?

WRND has higher volatility (7.45%) compared to AVGV (4.56%). In terms of maximum drawdown, WRND dropped -27.16% vs AVGV's -17.03%.

Which ETF is better, WRND or AVGV?

On 1-year performance, AVGV leads with 35.25% vs 32.11% for WRND. On fees, WRND is cheaper at 0.18% per year. On volatility, AVGV has been the lower-risk option at 4.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WRND or AVGV?

Over the 1-year period, AVGV has performed better with a 35.25% return vs 32.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WRND or AVGV?

WRND is cheaper with a 0.18% expense ratio, compared with 0.26% for AVGV.

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

AVGV has the higher dividend yield at 2.49%, compared with 1.03% for WRND.

What is the main difference between WRND and AVGV?

They also come from different issuers: IndexIQ and Avantis. Their fees differ too: 0.18% for WRND and 0.26% for AVGV.

Which has better risk-adjusted returns?

AVGV currently has the higher Sharpe Ratio (2.64 vs 1.79), 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.