WRND vs. QQQ
Compare and contrast key facts about IQ Global Equity R&D Leaders ETF (WRND) and Invesco QQQ (QQQ).
WRND and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both WRND and QQQ 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 QQQ.
Correlation
The correlation between WRND and QQQ is 0.90, 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. QQQ - Performance Comparison
Key characteristics
WRND:
1.08
QQQ:
1.18
WRND:
1.53
QQQ:
1.64
WRND:
1.19
QQQ:
1.22
WRND:
1.45
QQQ:
1.59
WRND:
5.35
QQQ:
5.50
WRND:
2.80%
QQQ:
3.93%
WRND:
13.82%
QQQ:
18.32%
WRND:
-27.16%
QQQ:
-82.98%
WRND:
0.00%
QQQ:
-1.68%
Returns By Period
In the year-to-date period, WRND achieves a 5.39% return, which is significantly higher than QQQ's 3.34% return.
WRND
5.39%
6.29%
9.24%
16.66%
N/A
N/A
QQQ
3.34%
4.50%
14.51%
24.01%
18.46%
18.30%
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WRND vs. QQQ - Expense Ratio Comparison
WRND has a 0.18% expense ratio, which is lower than QQQ'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%.
Risk-Adjusted Performance
WRND vs. QQQ — Risk-Adjusted Performance Rank
WRND
QQQ
WRND vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ Global Equity R&D Leaders ETF (WRND) and Invesco QQQ (QQQ). 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.
Dividends
WRND vs. QQQ - Dividend Comparison
WRND's dividend yield for the trailing twelve months is around 1.09%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WRND IQ Global Equity R&D Leaders ETF | 1.09% | 1.15% | 2.06% | 2.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
WRND vs. QQQ - Drawdown Comparison
The maximum WRND drawdown since its inception was -27.16%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for WRND and QQQ. For additional features, visit the drawdowns tool.
Volatility
WRND vs. QQQ - Volatility Comparison
The current volatility for IQ Global Equity R&D Leaders ETF (WRND) is 3.26%, while Invesco QQQ (QQQ) has a volatility of 5.30%. This indicates that WRND experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.