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ETFs

IndexIQ ETF Trust IQ U.S. Mid Cap R&D Leaders ETF

MRND
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 08 2022
Expense Ratio
0.16%
Type
US Equities
Fund Owner
Index IQ
Volume (1m avg. daily)
—
AUM
$4,296,526
Associated Index
IQ U.S. Mid Cap R&D Leaders Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

DELL
Dell Technologies Inc - Ordinary Shares - Class C
3.68%
RIVN
Rivian Automotive Inc - Ordinary Shares - Class A
3.49%
EA
Electronic Arts, Inc.
3.04%
BIIB
Biogen Inc
2.43%
WDC
Western Digital Corp.
2.29%
SPOT
Spotify Technology S.A.
2.21%
SQ
Block Inc - Ordinary Shares - Class A
2.16%
SGEN
Seagen Inc
2.13%
INCY
Incyte Corp.
2.13%
HPE
Hewlett Packard Enterprise Co
2.05%
Invest with MRND

What is MRND?

IQ U.S. Mid Cap R&D Leaders ETF (MRND) seeks investment results that track, before fees and expenses, the price and yield performance of the IQ U.S. Mid Cap R&D Leaders Index, an index that seeks to provide exposure to innovative companies by investing in U.S. mid-cap equity securities of companies that have high research and development (R&D) spending.

ETFs related toMRND

ETFs correlated to MRND include VOT, SPHB, IWP

MRND
IndexIQ ETF Trust - IQ U.S. Mid Cap R&D Leaders ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
SPHB
Invesco Capital Management LLC - Invesco S&P 500 High Beta ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares
QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index Fund
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toMRND

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with MRND using Composer

FAQ

MRND is a US Equities ETF. IQ U.S. Mid Cap R&D Leaders ETF (MRND) seeks investment results that track, before fees and expenses, the price and yield performance of the IQ U.S. Mid Cap R&D Leaders Index, an index that seeks to provide exposure to innovative companies by investing in U.S. mid-cap equity securities of companies that have high research and development (R&D) spending.

MRND tracks the IQ U.S. Mid Cap R&D Leaders Index.

No, MRND is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, MRND is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MRND is 0.0003%. This is the percent change in the value of MRND over the most recent 1-month period. The 3-month return on MRND is -0.0009%. This is the percent change in the value of MRND over the most recent 3-month period.

The standard deviation of MRND for the past year is 0.2369%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MRND include SPHQ, DSI, and QUAL.

ETFs correlated to MRND include VOT, SPHB, and IWP.

ETFs that are inversely correlated to MRND include HIBS, SARK, and WEBS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.