WRND vs. SHEH

Last updated Aug 2, 2026

WRND (IQ Global Equity R&D Leaders ETF) and SHEH (Shell plc ADRhedged ETF) are both exchange-traded funds - WRND is a Global Equities fund tracking the IQ Global Equity R&D Leaders Index - Benchmark TR Net, while SHEH is a Energy Equities fund tracking the Shell plc - Benchmark Price Return. Both are passively managed. Over the past year, WRND returned 28.82% vs 28.64% for SHEH. Their -0.06 correlation means they have often moved in opposite directions in the past. WRND charges 0.18%/yr vs 0.19%/yr for SHEH.

Performance

WRND vs. SHEH - Performance Comparison

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

Returns By Period

In the year-to-date period, WRND achieves a 12.55% return, which is significantly lower than SHEH's 25.94% return.

WRND

• 1D: 2.30%
• 1M: -0.30%
• 6M: 7.58%
• YTD: 12.55%
• 1Y: 28.82%
• 3Y*: 19.01%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.73%

SHEH

• 1D: 1.60%
• 1M: 16.32%
• 6M: 22.14%
• YTD: 25.94%
• 1Y: 28.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 31.67%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SHEH Shell plc ADRhedged ETF	$787.46K	$653.61K	$317.20K
WRND IQ Global Equity R&D Leaders ETF	$60.47K	$31.46K	$21.89K

WRND vs. SHEH - Yearly Performance Comparison

	2026 (YTD)	2025
WRND IQ Global Equity R&D Leaders ETF	12.55%	34.39%
SHEH Shell plc ADRhedged ETF	25.94%	12.63%

Correlation

The correlation between WRND and SHEH is -0.11, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.11
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	-0.06

WRND vs. SHEH - Sectors Allocation Comparison

Sectors	WRND	SHEH
Technology	51.9%	-
Industrials	12.8%	-
Healthcare	11.9%	-
Communication Services	10.8%	-
Consumer Cyclical	7.0%	-
Financial Services	2.9%	-
Consumer Defensive	1.5%	-
Basic Materials	1.3%	-
Energy	-	96.5%
Real Estate	-	-
Utilities	-	-

Return for Risk

WRND vs. SHEH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WRND

WRND Risk / Return Rank: 60
WRND Sharpe Ratio Rank: 61
WRND Sortino Ratio Rank: 58
WRND Omega Ratio Rank: 56
WRND Calmar Ratio Rank: 62
WRND Martin Ratio Rank: 66

SHEH

SHEH Risk / Return Rank: 48
SHEH Sharpe Ratio Rank: 55
SHEH Sortino Ratio Rank: 52
SHEH Omega Ratio Rank: 51
SHEH Calmar Ratio Rank: 44
SHEH Martin Ratio Rank: 40

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WRND vs. SHEH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IQ Global Equity R&D Leaders ETF (WRND) and Shell plc ADRhedged ETF (SHEH). 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	SHEH	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.34	+0.09
Sortino ratio: Return per unit of downside risk	2.01	1.87	+0.14
Omega ratio: Gain probability vs. loss probability	1.25	1.23	+0.01
Calmar ratio: Return relative to maximum drawdown	2.18	1.60	+0.58
Martin ratio: Return relative to average drawdown	8.00	4.36	+3.64

WRND vs. SHEH - Sharpe Ratio Comparison

The current WRND Sharpe Ratio is 1.43, which is comparable to the SHEH Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of WRND and SHEH, 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. SHEH - Drawdown Comparison

The maximum WRND drawdown since its inception was -27.16%, which is greater than SHEH's maximum drawdown of -17.53%. Use the drawdown chart below to compare losses from any high point for WRND and SHEH.

Drawdown Indicators

	WRND	SHEH	Difference
Max Drawdown Largest peak-to-trough decline	-27.16%	-17.53%	-9.63%
Max Drawdown (1Y) Largest decline over 1 year	-12.43%	-17.53%	+5.10%
Max Drawdown (3Y) Largest decline over 3 years	-18.41%	—	—
Current Drawdown Current decline from peak	-3.82%	-2.90%	-0.92%
Average Drawdown Average peak-to-trough decline	-5.90%	-4.14%	-1.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.38%	6.41%	-3.03%

Volatility

WRND vs. SHEH - Volatility Comparison

The current volatility for IQ Global Equity R&D Leaders ETF (WRND) is 6.27%, while Shell plc ADRhedged ETF (SHEH) has a volatility of 6.72%. This indicates that WRND experiences smaller price fluctuations and is considered to be less risky than SHEH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WRND	SHEH	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.27%	6.72%	-0.45%
Volatility (6M) Calculated over the trailing 6-month period	15.90%	17.32%	-1.42%
Volatility (1Y) Calculated over the trailing 1-year period	18.93%	20.97%	-2.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.02%	20.55%	-1.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.02%	20.55%	-1.53%

WRND vs. SHEH - Expense Ratio Comparison

WRND has a 0.18% expense ratio, which is lower than SHEH's 0.19% 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. SHEH - Dividend Comparison

WRND's dividend yield for the trailing twelve months is around 0.93%, less than SHEH's 1.84% yield.

Position	TTM	2025	2024	2023	2022
SHEH Shell plc ADRhedged ETF	1.84%	0.00%	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 SHEH in my portfolio?

WRND and SHEH have a correlation of -0.11, 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 SHEH?

SHEH has higher volatility (6.72%) compared to WRND (6.27%). In terms of maximum drawdown, WRND dropped -27.16% vs SHEH's -17.53%.

Which ETF is better, WRND or SHEH?

On 1-year performance, WRND leads with 28.82% vs 28.64% for SHEH. On fees, WRND is cheaper at 0.18% per year. On volatility, WRND has been the lower-risk option at 6.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WRND or SHEH?

Over the 1-year period, WRND has performed better with a 28.82% return vs 28.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WRND or SHEH?

WRND is cheaper with a 0.18% expense ratio, compared with 0.19% for SHEH.

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

SHEH has the higher dividend yield at 1.84%, compared with 0.93% for WRND.

What is the main difference between WRND and SHEH?

WRND is categorized as Global Equities, while SHEH is Energy Equities. WRND tracks IQ Global Equity R&D Leaders Index - Benchmark TR Net, while SHEH tracks Shell plc - Benchmark Price Return. They also come from different issuers: IndexIQ and ADRhedged. Their fees differ too: 0.18% for WRND and 0.19% for SHEH.

Which has better risk-adjusted returns?

WRND currently has the higher Sharpe Ratio (1.43 vs 1.34), 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.