WRND vs. LRND
Compare and contrast key facts about IQ Global Equity R&D Leaders ETF (WRND) and IQ U.S. Large Cap R&D Leaders ETF (LRND).
WRND and LRND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both WRND and LRND 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: WRND or LRND.
Correlation
The correlation between WRND and LRND is 0.91, 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
WRND vs. LRND - Performance Comparison
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Key characteristics
WRND:
0.46
LRND:
0.45
WRND:
0.81
LRND:
0.79
WRND:
1.11
LRND:
1.11
WRND:
0.51
LRND:
0.47
WRND:
2.06
LRND:
1.64
WRND:
4.54%
LRND:
6.07%
WRND:
19.72%
LRND:
21.84%
WRND:
-27.16%
LRND:
-25.43%
WRND:
-2.39%
LRND:
-5.73%
Returns By Period
In the year-to-date period, WRND achieves a 5.26% return, which is significantly higher than LRND's -0.95% return.
WRND
5.26%
11.72%
4.72%
9.06%
N/A
N/A
LRND
-0.95%
11.45%
-1.68%
9.81%
N/A
N/A
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WRND vs. LRND - Expense Ratio Comparison
WRND has a 0.18% expense ratio, which is higher than LRND's 0.14% expense ratio. However, 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
WRND vs. LRND — Risk-Adjusted Performance Rank
WRND
LRND
WRND vs. LRND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ Global Equity R&D Leaders ETF (WRND) and IQ U.S. Large Cap R&D Leaders ETF (LRND). 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.
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Dividends
WRND vs. LRND - Dividend Comparison
WRND's dividend yield for the trailing twelve months is around 1.44%, more than LRND's 1.00% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
WRND IQ Global Equity R&D Leaders ETF | 1.44% | 1.15% | 2.06% | 2.07% |
LRND IQ U.S. Large Cap R&D Leaders ETF | 1.00% | 0.97% | 1.22% | 1.32% |
Drawdowns
WRND vs. LRND - Drawdown Comparison
The maximum WRND drawdown since its inception was -27.16%, which is greater than LRND's maximum drawdown of -25.43%. Use the drawdown chart below to compare losses from any high point for WRND and LRND. For additional features, visit the drawdowns tool.
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Volatility
WRND vs. LRND - Volatility Comparison
The current volatility for IQ Global Equity R&D Leaders ETF (WRND) is 5.91%, while IQ U.S. Large Cap R&D Leaders ETF (LRND) has a volatility of 7.30%. This indicates that WRND experiences smaller price fluctuations and is considered to be less risky than LRND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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