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
6.4 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) | $6 |
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 % |
META PLATFORMS INC | 4.1 % |
ALPHABET INC. CLASS A | 4.1 % |
VOLKSWAGEN AG-PFD | 2.9 % |
SAMSUNG ELECTRONICS CO LTD | 2.8 % |
APPLE INC | 2.8 % |
MICROSOFT CORP | 2.6 % |
ROCHE HOLDING AG-BR | 2.3 % |
MERCK & CO. INC. | 1.9 % |
JOHNSON & JOHNSON | 1.8 % |
Constituent Breakdown
Number of holdings | 203 |
Herfindahl-Hirschman Index | 150 |
Wgt avg mkt cap (mns) | $570,429 |
Large cap (>$10bn) | 95.6% |
Mid cap ($2-10bn) | 1.8% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 86.9% |
Emerging mkts. | 13.1% |
Country Exposure
UNITED STATES | 49.6 % | |
GERMANY | 10.3 % | |
CHINA | 9.6 % | |
JAPAN | 7.6 % | |
SOUTH KOREA | 4.5 % | |
SWITZERLAND | 4.2 % | |
BRITAIN | 3.4 % | |
FRANCE | 2.3 % | |
TAIWAN | 1.7 % | |
NETHERLANDS | 1.5 % |
Historical Performance
Standardized Performance (as of 03/31/2025)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
---|---|---|---|---|---|---|---|---|
Price Returns | 5.1% | 11.5% | 20.3% | 8.6% | -- | -- | -- | 7.1% |
Dividend Yield | -4.9% | -7.4% | -6.7% | -0.9% | -- | -- | -- | 0.6% |
Total Returns | 0.3% | 4.1% | 13.6% | 7.8% | -- | -- | -- | 7.7% | Ann. Volatility | 12.6% | 13.9% | 13.7% | 18.1% | -- | -- | -- | 18.2% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.97 | 86% |
MSCI EAFE | 0.92 | 77% |
MSCI Emg Mkts | 0.84 | 63% |
Liquidity Measures
Avg. volume (000) | 0 |
Turnover | 0.0% |
Avg. Bid/Ask (% of price) | 0.27% |
ADV of underlying (mns) | $158,315 |
Technical Indicators
Recent close | $28.42 |
30d moving avg. | $29.35 |
Annualized volatility | 18.2% |
Relative strength (RSI) | 41 |
Short interest (ETF) | 0.0% |
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 | 50.5% | -4 bp | -1.0% |
EPS | WisdomTree U.S. LargeCap Fund | 36.8% | -10 bp | -1.6% |
ESGG | FlexShares STOXX Global ESG Select Index Fund | 36.2% | +24 bp | -1.8% |
SPXN | ProShares S&P 500 Ex-Financials ETF | 34.8% | -9 bp | -2.9% |
SPUS | SP Funds S&P 500 Sharia Industry Exclusions ETF | 33.9% | +27 bp | -3.0% |
IOO | iShares Global 100 ETF | 33.8% | +23 bp | -2.6% |
USCA | Xtrackers MSCI USA Climate Action Equity ETF | 33.5% | -11 bp | -2.7% |
KLMT | Invesco MSCI Global Climate 500 ETF | 33.3% | -8 bp | -1.9% |
CRTC | Xtrackers US National Critical Technologies ETF | 33.3% | +17 bp | -2.6% |
QRFT | Qraft Ai-Enhanced U.S. Large Cap ETF | 33.2% | +57 bp | -3.3% |
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 | 2025E | 2026E | ||
---|---|---|---|---|---|---|---|---|
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
2024 | 2025E | Fwd Est | 2026E | |
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 4/23/2025
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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 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
8.3%
Cat. Avg
4.7%
ALTAR Score™ Calculation
Category Overview
There are 365 funds in the Global Equity category, with an average ALTAR Score™
of 4.7% and a standard deviation of
4.2%. WRND's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places WRND in the 80th 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 |
WRND (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 | 27.1 | 45.1 |
Peer Avg. | 55.2 | 32.9 | 88.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .