WRND
IQ Global Equity R&D Leaders ETF
WRND tracks an index that seeks to provide exposure to global large- and mid-cap companies that have high research and development spending, and attractive future growth potential.
Fund Basics
| Fund sponsor | New York Life |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 08, 2022 |
| Assets (mns) | $13 |
| Expense ratio | 18 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Fundamental |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| AMAZON.COM INC | 5.5 % |
| ALPHABET INC. CLASS A | 5.2 % |
| META PLATFORMS INC | 4.5 % |
| APPLE INC | 3.3 % |
| MICROSOFT CORP | 3.1 % |
| SAMSUNG ELECTRONICS CO LTD | 2.5 % |
| INTEL CORP | 2.0 % |
| VOLKSWAGEN AG-PFD | 1.8 % |
| ROCHE HOLDING LTD | 1.8 % |
| JOHNSON & JOHNSON | 1.7 % |
Constituent Breakdown
| Number of holdings | 200 |
| Herfindahl-Hirschman Index | 157 |
| Wgt avg mkt cap (mns) | $501,051 |
| Large cap (>$10bn) | 74.2% |
| Mid cap ($2-10bn) | 1.6% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 87.7% |
| Emerging mkts. | 12.3% |
Country Exposure
 |
UNITED STATES | 54.5 % |
 |
JAPAN | 9.6 % |
 |
GERMANY | 8.0 % |
 |
CHINA | 7.2 % |
 |
SOUTH KOREA | 4.1 % |
 |
BRITAIN | 3.6 % |
 |
SWITZERLAND | 3.6 % |
 |
FRANCE | 2.0 % |
 |
TAIWAN | 1.7 % |
 |
NETHERLANDS | 1.4 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 27.3% | 24.2% | -- | -- | -- | -- | 4.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.98 | 84% |
| MSCI EAFE | 0.99 | 81% |
| MSCI Emg Mkts | 0.83 | 65% |
Liquidity Measures
| Avg. volume (000) | 8 |
| Turnover | 1.5% |
| Avg. Bid/Ask (% of price) | 0.24% |
| ADV of underlying (mns) | $101,917 |
Technical Indicators
| Recent close | $24.20 |
| 30d moving avg. | $24.81 |
| Annualized volatility | 22.1% |
| Relative strength (RSI) | 42 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. WRND |
Expenses vs. WRND |
ALTAR Score™ vs. WRND |
|---|---|---|---|---|
| LRND | IQ U.S. Large Cap R&D Leaders ETF | 55.9% | -4 bp | -1.0% |
| EPS | WisdomTree U.S. Earnings 500 Fund | 37.2% | -10 bp | -0.8% |
| SPXN | ProShares S&P 500 Ex-Financials ETF | 36.3% | -9 bp | -2.2% |
| IWL | iShares Russell Top 200 ETF | 36.1% | -3 bp | -2.5% |
| BKLC | BNY Mellon US Large Cap Core Equity ETF | 36.0% | -18 bp | -2.4% |
| MGC | Vanguard Mega Cap Index Fund | 36.0% | -11 bp | -2.4% |
| ESGG | FlexShares STOXX Global ESG Impact Index Fund | 35.7% | +24 bp | -1.6% |
| IOO | iShares Global 100 ETF | 35.7% | +23 bp | -2.1% |
| RVRB | Reverb ETF | 35.7% | +12 bp | -2.4% |
| GSPY | Gotham Enhanced 500 ETF | 35.4% | +32 bp | -1.9% |
Risk and Returns: WRND vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2022 | 2023E | Fwd Est | 2024E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 9/28/2023
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
WRND
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
WRND
8.0%
Cat. Avg
4.2%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 8.0% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 345 funds in the Global Equities category, with an average ALTAR Score™
of 4.2% and a standard deviation of
5.2%. WRND's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places WRND in the 77th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
WRND
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| WRND | 18.0 | 23.5 | 41.5 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .