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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 08 2022
Expense Ratio
0.14%
Type
US Equities
Fund Owner
Index IQ
Volume (1m avg. daily)
$18
AUM
$4,392,646
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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Meta Platforms Inc - Ordinary Shares - Class A
7.26%
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Alphabet Inc - Ordinary Shares - Class A
7.02%
AMZN
Amazon.com Inc.
6.65%
AAPL
Apple Inc
6.35%
MSFT
Microsoft Corporation
5.86%
INTC
Intel Corp.
3.83%
JNJ
Johnson & Johnson
3.18%
MRK
Merck & Co Inc
2.89%
PFE
Pfizer Inc.
2.54%
NVDA
NVIDIA Corp
2.21%
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 QQQ, TQQQ, QLD

LRND
IndexIQ ETF Trust - IQ U.S. Large Cap R&D Leaders ETF
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
TQQQ
ProShares Trust - ProShares UltraPro QQQ 3x Shares
QLD
ProShares Trust - ProShares Ultra QQQ 2x Shares
QQQM
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 ETF
ONEQ
Fidelity Covington Trust - Fidelity Nasdaq Composite Index ETF
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
VUG
Vanguard Group, Inc. - Vanguard Growth ETF
XLG
Invesco Capital Management LLC - Invesco S&P 500 Top 50 ETF
ESGV
Vanguard Group, Inc. - Vanguard ESG U.S. Stock ETF
SCHG
Schwab Strategic Trust - Schwab U.S. Large-Cap 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

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

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 0.0141%. This is the percent change in the value of LRND over the most recent 1-month period. The 3-month return on LRND is 0.0956%. 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 0.2665%. 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 USMV, QUAL, and SPHQ.

ETFs correlated to LRND include QQQ, TQQQ, 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.