WRND vs. BDVL

Last updated Jun 26, 2026

WRND (IQ Global Equity R&D Leaders ETF) and BDVL (iShares Disciplined Volatility Equity Active ETF) are both Global Equities funds - WRND tracks the IQ Global Equity R&D Leaders Index - Benchmark TR Net while BDVL tracks the MSCI ACWI Minimum Volatility Index. Both are passively managed. A 0.75 correlation means they provide meaningful diversification when combined. WRND charges 0.18%/yr vs 0.40%/yr for BDVL.

Performance

WRND vs. BDVL - 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 Disciplined Volatility Equity Active ETF (BDVL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WRND achieves a 10.19% return, which is significantly higher than BDVL's 4.74% return.

WRND

• 1D: -0.26%
• 1M: -4.26%
• YTD: 10.19%
• 6M: 9.65%
• 1Y: 28.80%
• 3Y*: 20.25%
• 5Y*: —
• 10Y*: —

BDVL

• 1D: 0.14%
• 1M: -0.92%
• YTD: 4.74%
• 6M: 4.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WRND vs. BDVL - Yearly Performance Comparison

	2026 (YTD)	2025
WRND IQ Global Equity R&D Leaders ETF	10.19%	4.94%
BDVL iShares Disciplined Volatility Equity Active ETF	4.74%	2.20%

Correlation

The correlation between WRND and BDVL is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 15, 2025	0.75

WRND vs. BDVL - Sectors Allocation Comparison

Sectors	WRND	BDVL
Technology	52.8%	27.8%
Industrials	12.9%	14.2%
Communication Services	12.4%	10.0%
Healthcare	11.3%	8.3%
Consumer Cyclical	8.3%	6.9%
Consumer Defensive	1.4%	5.3%
Basic Materials	0.9%	1.9%
Energy	-	1.6%
Financial Services	-	14.3%
Real Estate	-	0.9%
Utilities	-	4.5%

Return for Risk

WRND vs. BDVL — Risk / Return Rank

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

WRND

WRND Risk / Return Rank: 53
WRND Sharpe Ratio Rank: 53
WRND Sortino Ratio Rank: 51
WRND Omega Ratio Rank: 50
WRND Calmar Ratio Rank: 54
WRND Martin Ratio Rank: 59

BDVL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. BDVL - 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 Disciplined Volatility Equity Active ETF (BDVL). 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	BDVL	Difference
Sharpe ratio: Return per unit of total volatility	1.61	—	—
Sortino ratio: Return per unit of downside risk	2.23	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.33	—	—
Martin ratio: Return relative to average drawdown	9.36	—	—

Drawdowns

WRND vs. BDVL - Drawdown Comparison

The maximum WRND drawdown since its inception was -27.16%, which is greater than BDVL's maximum drawdown of -7.71%. Use the drawdown chart below to compare losses from any high point for WRND and BDVL.

Drawdown Indicators

	WRND	BDVL	Difference
Max Drawdown Largest peak-to-trough decline	-27.16%	-7.71%	-19.45%
Max Drawdown (1Y) Largest decline over 1 year	-12.43%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.41%	—	—
Current Drawdown Current decline from peak	-5.84%	-1.40%	-4.44%
Average Drawdown Average peak-to-trough decline	-5.94%	-1.18%	-4.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	—	—

Volatility

Volatility by Period

	WRND	BDVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.87%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.95%	9.67%	+8.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.96%	9.67%	+9.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.96%	9.67%	+9.29%

WRND vs. BDVL - Expense Ratio Comparison

WRND has a 0.18% expense ratio, which is lower than BDVL's 0.40% expense ratio.

Dividends

WRND vs. BDVL - Dividend Comparison

WRND's dividend yield for the trailing twelve months is around 1.04%, less than BDVL's 3.55% yield.

Position	TTM	2025	2024	2023	2022
BDVL iShares Disciplined Volatility Equity Active ETF	3.55%	2.79%	0.00%	0.00%	0.00%
WRND IQ Global Equity R&D Leaders ETF	1.04%	1.29%	1.15%	2.06%	2.06%

Frequently Asked Questions

Can I hold both WRND and BDVL in my portfolio?

WRND and BDVL have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WRND or BDVL?

On fees, WRND is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WRND or BDVL?

WRND is cheaper with a 0.18% expense ratio, compared with 0.40% for BDVL.

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

BDVL has the higher dividend yield at 3.55%, compared with 1.04% for WRND.

What is the main difference between WRND and BDVL?

WRND tracks IQ Global Equity R&D Leaders Index - Benchmark TR Net, while BDVL tracks MSCI ACWI Minimum Volatility Index. They also come from different issuers: IndexIQ and iShares. Their fees differ too: 0.18% for WRND and 0.40% for BDVL.