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ETFs

IndexIQ ETF Trust IQ Global Equity R&D Leaders ETF

WRND
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 08 2022
Expense Ratio
0.18%
Type
US Equities
Fund Owner
Index IQ
Volume (1m avg. daily)
$513,029
AUM
$13,408,417
Associated Index
IQ Global Equity R&D Leaders Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

AMZN
Amazon.com Inc.
5.46%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
5.22%
META
Meta Platforms Inc - Ordinary Shares - Class A
4.46%
AAPL
Apple Inc
3.27%
MSFT
Microsoft Corporation
3.05%
005930
Samsung Electronics
2.46%
INTC
Intel Corp.
1.96%
VOW3
Volkswagen AG - ZC PRF PERPETUAL EUR
1.82%
ROG
Roche Holding AG
1.77%
JNJ
Johnson & Johnson
1.75%
Invest with WRND

What is WRND?

IQ Global Equity R&D Leaders ETF (WRND) seeks investment results that track, before fees and expenses, the price and yield performance of the IQ Global Equity R&D Leaders Index, an index that seeks to provide exposure to innovative companies by investing in the equity securities of global companies that that have high research and development (R&D) spending.

ETFs related toWRND

ETFs correlated to WRND include CRBN, ACWI, GAUG

WRND
IndexIQ ETF Trust - IQ Global Equity R&D Leaders ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
CGGO
Capital Group Companies Inc - Capital Group Global Growth Equity ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
CGGR
Capital Group Companies Inc - Capital Group Growth ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation 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 toWRND

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with WRND using Composer

FAQ

WRND is a US Equities ETF. IQ Global Equity R&D Leaders ETF (WRND) seeks investment results that track, before fees and expenses, the price and yield performance of the IQ Global Equity R&D Leaders Index, an index that seeks to provide exposure to innovative companies by investing in the equity securities of global companies that that have high research and development (R&D) spending.

WRND tracks the IQ Global Equity R&D Leaders Index.

No, WRND 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, WRND 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 WRND is 0.0008%. This is the percent change in the value of WRND over the most recent 1-month period. The 3-month return on WRND is -0.0028%. This is the percent change in the value of WRND over the most recent 3-month period.

The standard deviation of WRND for the past year is 0.1851%. 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 WRND include SPHQ, DSI, and QUAL.

ETFs correlated to WRND include CRBN, ACWI, and GAUG.

ETFs that are inversely correlated to WRND include QID, SQQQ, and PSQ.

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.