WRND vs. GKAT

Last updated Jul 17, 2026

WRND (IQ Global Equity R&D Leaders ETF) and GKAT (Scharf Global Opportunity ETF) are both Global Equities funds. A 0.60 correlation means they provide meaningful diversification when combined. WRND charges 0.18%/yr vs 0.59%/yr for GKAT.

Performance

WRND vs. GKAT - Performance Comparison

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

Returns By Period

In the year-to-date period, WRND achieves a 12.51% return, which is significantly higher than GKAT's 7.38% return.

WRND

• 1D: -1.28%
• 1M: -0.95%
• 6M: 9.10%
• YTD: 12.51%
• 1Y: 27.67%
• 3Y*: 19.41%
• 5Y*: —
• 10Y*: —

GKAT

• 1D: -0.03%
• 1M: -1.08%
• 6M: 5.34%
• YTD: 7.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WRND vs. GKAT - Yearly Performance Comparison

	2026 (YTD)	2025
WRND IQ Global Equity R&D Leaders ETF	12.51%	7.68%
GKAT Scharf Global Opportunity ETF	7.38%	5.93%

Correlation

The correlation between WRND and GKAT is 0.60, 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 Aug 25, 2025	0.60

Return for Risk

WRND vs. GKAT — Risk / Return Rank

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

WRND

WRND Risk / Return Rank: 55
WRND Sharpe Ratio Rank: 56
WRND Sortino Ratio Rank: 54
WRND Omega Ratio Rank: 51
WRND Calmar Ratio Rank: 55
WRND Martin Ratio Rank: 62

GKAT

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. GKAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IQ Global Equity R&D Leaders ETF (WRND) and Scharf Global Opportunity ETF (GKAT). 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	GKAT	Difference
Sharpe ratio: Return per unit of total volatility	1.52	—	—
Sortino ratio: Return per unit of downside risk	2.13	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	2.24	—	—
Martin ratio: Return relative to average drawdown	8.70	—	—

Drawdowns

WRND vs. GKAT - Drawdown Comparison

The maximum WRND drawdown since its inception was -27.16%, which is greater than GKAT's maximum drawdown of -10.41%. Use the drawdown chart below to compare losses from any high point for WRND and GKAT.

Drawdown Indicators

	WRND	GKAT	Difference
Max Drawdown Largest peak-to-trough decline	-27.16%	-10.41%	-16.75%
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	-3.86%	-3.07%	-0.79%
Average Drawdown Average peak-to-trough decline	-5.91%	-2.21%	-3.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	—	—

Volatility

Volatility by Period

	WRND	GKAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.24%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.30%	12.32%	+5.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.94%	12.32%	+6.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.94%	12.32%	+6.62%

WRND vs. GKAT - Expense Ratio Comparison

WRND has a 0.18% expense ratio, which is lower than GKAT's 0.59% expense ratio.

Dividends

WRND vs. GKAT - Dividend Comparison

WRND's dividend yield for the trailing twelve months is around 0.93%, more than GKAT's 0.66% yield.

Position	TTM	2025	2024	2023	2022
GKAT Scharf Global Opportunity ETF	0.66%	0.24%	0.00%	0.00%	0.00%
WRND IQ Global Equity R&D Leaders ETF	0.93%	1.29%	1.15%	2.06%	2.06%

Frequently Asked Questions

Can I hold both WRND and GKAT in my portfolio?

WRND and GKAT have a correlation of 0.60, 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 GKAT?

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 GKAT?

WRND is cheaper with a 0.18% expense ratio, compared with 0.59% for GKAT.

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

WRND has the higher dividend yield at 0.93%, compared with 0.66% for GKAT.

What is the main difference between WRND and GKAT?

They also come from different issuers: IndexIQ and Scharf Investments. Their fees differ too: 0.18% for WRND and 0.59% for GKAT.