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.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
8.1 M
ASSETS UNDER MGMT
18 bp
EXPENSES
Fund Basics
| Fund sponsor | New York Life |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 08, 2022 |
| Assets (mns) | $8 |
| 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 | 6.4 % |
| ALPHABET INC. CLASS A | 5.5 % |
| META PLATFORMS INC | 5.0 % |
| SAMSUNG ELECTRONICS CO LTD | 3.8 % |
| MICROSOFT CORP | 3.2 % |
| VOLKSWAGEN AG-PFD | 2.9 % |
| APPLE INC | 2.8 % |
| ROCHE HOLDING AG-BR | 2.2 % |
| INTEL CORP | 2.0 % |
| JOHNSON & JOHNSON | 1.9 % |
Constituent Breakdown
| Number of holdings | 203 |
| Herfindahl-Hirschman Index | 189 |
| Wgt avg mkt cap (mns) | $801,441 |
| Large cap (>$10bn) | 95.4% |
| Mid cap ($2-10bn) | 2.8% |
| Small cap (<$2bn) | 1.0% |
| Developed mkts. | 83.5% |
| Emerging mkts. | 16.0% |
Country Exposure
 |
UNITED STATES | 56.6 % |
 |
GERMANY | 10.8 % |
 |
CHINA | 9.0 % |
 |
JAPAN | 8.5 % |
 |
SOUTH KOREA | 5.9 % |
 |
SWITZERLAND | 4.4 % |
 |
BRITAIN | 3.3 % |
 |
TAIWAN | 2.1 % |
 |
FRANCE | 2.1 % |
 |
NETHERLANDS | 1.1 % |
Historical Performance
Standardized Performance (as of 08/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 16.2% | 14.8% | 16.6% | 18.4% | -- | -- | -- | 9.1% |
| Dividend Yield | 0.0% | 0.7% | 1.5% | 1.7% | -- | -- | -- | 1.6% |
| Total Returns | 16.2% | 15.4% | 18.1% | 20.1% | -- | -- | -- | 10.8% | Ann. Volatility | 21.4% | 19.3% | 16.6% | 17.6% | -- | -- | -- | 19.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.97 | 83% |
| MSCI EAFE | 0.75 | 57% |
| MSCI Emg Mkts | 0.71 | 54% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.27% |
Technical Indicators
| Recent close | $35.85 |
| 30d moving avg. | $34.17 |
| Annualized volatility | 16.1% |
| Relative strength (RSI) | 67 |
| Short interest | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| LRND | IQ U.S. Large Cap R&D Leaders ETF | 57.5% | -4 bp | +5.2% |
| EPS | WisdomTree U.S. LargeCap Fund | 41.7% | -10 bp | +5.7% |
| ESGG | FlexShares STOXX Global ESG Select Index Fund | 39.7% | +24 bp | +5.3% |
| QRFT | Qraft Ai-Enhanced U.S. Large Cap ETF | 38.4% | +57 bp | +4.0% |
| CRTC | Xtrackers US National Critical Technologies ETF | 38.1% | +17 bp | +4.7% |
| USCA | Xtrackers MSCI USA Climate Action Equity ETF | 37.8% | -11 bp | +5.0% |
| GSUS | Goldman Sachs MarketBeta U.S. Equity ETF | 37.6% | -11 bp | +4.8% |
| SPXN | ProShares S&P 500 Ex-Financials ETF | 37.5% | -9 bp | +4.8% |
| JUST | Goldman Sachs JUST U.S. Large Cap Equity ETF | 37.4% | +2 bp | +5.0% |
| RVRB | Reverb ETF | 37.4% | +12 bp | +4.5% |
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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 9/16/2025
Peer Group Comparison Sample data. Subscribe for access.
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
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 Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
WRND
7.8%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 367 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
3.2%. WRND's ALTAR Score™ is approximately
1.1 standard deviations
above
the category average. This places WRND in the 87th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
WRNDSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| (18 bp) Percentile rank | 2 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| WRND | 18.0 | 0.0 | 18 |
| Peer Avg. | 54.4 | 32.6 | 87.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .