WRND vs. SPWO
Compare and contrast key facts about IQ Global Equity R&D Leaders ETF (WRND) and SP Funds S&P World ETF (SPWO).
WRND and SPWO 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. SPWO is a passively managed fund by SP Funds that tracks the performance of the S&P DM Ex-U.S. & EM 50/50 Shariah Index - Benchmark TR Net. It was launched on Dec 19, 2023. Both WRND and SPWO 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 SPWO.
Correlation
The correlation between WRND and SPWO is 0.80, 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. SPWO - Performance Comparison
Key characteristics
WRND:
0.07
SPWO:
0.20
WRND:
0.24
SPWO:
0.44
WRND:
1.03
SPWO:
1.05
WRND:
0.07
SPWO:
0.23
WRND:
0.33
SPWO:
0.89
WRND:
4.08%
SPWO:
4.72%
WRND:
19.14%
SPWO:
20.41%
WRND:
-27.16%
SPWO:
-18.02%
WRND:
-12.82%
SPWO:
-10.47%
Returns By Period
In the year-to-date period, WRND achieves a -5.99% return, which is significantly lower than SPWO's -3.04% return.
WRND
-5.99%
-10.11%
-7.81%
3.10%
N/A
N/A
SPWO
-3.04%
-6.55%
-10.03%
6.33%
N/A
N/A
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WRND vs. SPWO - Expense Ratio Comparison
WRND has a 0.18% expense ratio, which is lower than SPWO's 0.55% expense ratio.
Risk-Adjusted Performance
WRND vs. SPWO — Risk-Adjusted Performance Rank
WRND
SPWO
WRND vs. SPWO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ Global Equity R&D Leaders ETF (WRND) and SP Funds S&P World ETF (SPWO). 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. SPWO - Dividend Comparison
WRND's dividend yield for the trailing twelve months is around 1.61%, more than SPWO's 1.43% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
WRND IQ Global Equity R&D Leaders ETF | 1.61% | 1.15% | 2.06% | 2.07% |
SPWO SP Funds S&P World ETF | 1.43% | 1.26% | 0.00% | 0.00% |
Drawdowns
WRND vs. SPWO - Drawdown Comparison
The maximum WRND drawdown since its inception was -27.16%, which is greater than SPWO's maximum drawdown of -18.02%. Use the drawdown chart below to compare losses from any high point for WRND and SPWO. For additional features, visit the drawdowns tool.
Volatility
WRND vs. SPWO - Volatility Comparison
IQ Global Equity R&D Leaders ETF (WRND) has a higher volatility of 13.07% compared to SP Funds S&P World ETF (SPWO) at 11.25%. This indicates that WRND's price experiences larger fluctuations and is considered to be riskier than SPWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.