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ETFs

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

LRND
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 8, 2022
Expense Ratio
0.14%
Type
US Equities
Fund Owner
Index IQ
Volume (1m avg. daily)
$9,739
AUM
$5,044,560
Associated Index
IQ U.S. Large Cap R&D Leaders Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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Apple Inc
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Microsoft Corporation
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Meta Platforms Inc - Ordinary Shares - Class A
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Intel Corp.
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Johnson & Johnson
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MRK
Merck & Co Inc
2.89%
PFE
Pfizer Inc.
2.15%
LLY
Lilly(Eli) & Co
2.11%
Invest with LRND

What is LRND?

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

ETFs related toLRND

ETFs correlated to LRND include GAUG, QQQ, QLD

LRND
IndexIQ ETF Trust - IQ U.S. Large Cap R&D Leaders ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
QLD
ProShares Trust - ProShares Ultra QQQ 2x Shares
TQQQ
ProShares Trust - ProShares UltraPro QQQ 3x Shares
QQQM
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 ETF
ONEQ
Fidelity Covington Trust - Fidelity Nasdaq Composite Index ETF
VUG
Vanguard Group, Inc. - Vanguard Growth ETF
XLG
Invesco Capital Management LLC - Invesco S&P 500 Top 50 ETF
SCHG
Schwab Strategic Trust - Schwab U.S. Large-Cap Growth ETF
IWF
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Growth 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 toLRND

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

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The Not Boring: Rising Rates with Vol Switch

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Risk Rating

Aggressive

Create your own algorithmic trading strategy with LRND using Composer

FAQ

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

LRND tracks the IQ U.S. Large Cap R&D Leaders Index.

No, LRND 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, LRND 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 LRND is -0.0021%. This is the percent change in the value of LRND over the most recent 1-month period. The 3-month return on LRND is 0.0122%. This is the percent change in the value of LRND over the most recent 3-month period.

The standard deviation of LRND for the past year is 0.2057%. 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 LRND include SPHQ, DSI, and QUAL.

ETFs correlated to LRND include GAUG, QQQ, and QLD.

ETFs that are inversely correlated to LRND 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.