WRND vs. MPAY ETF Comparison

Comparison of IQ Global Equity R&D Leaders ETF (WRND) to Akros Monthly Payout ETF (MPAY)

WRND

IQ Global Equity R&D Leaders ETF

WRND Description

IQ Global Equity R&D Leaders ETF is an exchange traded fund launched by New York Life Investment Management LLC. The fund is managed by IndexIQ Advisors LLC. It invests in public equity markets of global region. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track the performance of the IQ Global Equity R&D Leaders Index, by using full replication technique. IQ Global Equity R&D Leaders ETF was formed on December 14, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$29.08

Average Daily Volume

1,357

Number of Holdings ^*

112

* may have additional holdings in another (foreign) market

MPAY

Akros Monthly Payout ETF

MPAY Description

MPAY seeks to provide potential monthly distributions, which may include return of capital to investors. The index is generally comprised of 50 stocks and 18 ETFs. For the stock component of the index, only those listed on a US exchange and have a market-cap of at least $1 billion may be included. A proprietary algorithm analyzes historical financial and trading data to rank and select stocks based on their excess return factor, which is a formula that gauges whether a stock could outperform future markets. The top 50 stocks are selected to be included. The ETF component of the index aims to cut across different asset classes: mainly foreign equity, broad commodity, gold, Treasurys, bonds, REITs, MBTs, and global infrastructure ETFs. Individual weights are based on a proprietary methodology that incorporates modern portfolio theory principles such as historical covariance, historical mean, historical risk contribution, and cluster analysis. The index is rebalanced monthly and is non-diversified.

Grade (RS Rating)

Last Trade

$25.89

Average Daily Volume

811

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	WRND	MPAY
30 Days	-1.90%	1.35%
60 Days	-1.83%	0.61%
90 Days	-1.88%	2.24%
12 Months	18.15%	24.38%

28 Overlapping Holdings

Symbol	Grade	Weight in WRND	Weight in MPAY	Overlap
AAPL	C	3.25%	5.94%	3.25%
ABBV	D	0.68%	1.45%	0.68%
ABBV	D	0.17%	1.45%	0.17%
ABNB	C	0.19%	1.23%	0.19%
ABT	B	0.3%	1.23%	0.3%
ACN	C	0.15%	1.34%	0.15%
ADBE	C	0.39%	1.57%	0.39%
AMAT	F	0.3%	1.45%	0.3%
AMZN	C	6.24%	4.97%	4.97%
CAT	B	0.24%	1.28%	0.24%
CRM	B	0.66%	1.43%	0.66%
CSCO	B	0.93%	1.28%	0.93%
GOOGL	C	5.25%	4.73%	4.73%
INTU	C	0.3%	1.3%	0.3%
JNJ	D	1.48%	1.46%	1.46%
KLAC	D	0.11%	1.32%	0.11%
LLY	F	0.85%	3.04%	0.85%
LMT	D	0.15%	1.23%	0.15%
MRK	F	1.59%	1.53%	1.53%
MSFT	F	2.97%	5.7%	2.97%
NFLX	A	0.35%	1.44%	0.35%
NOW	A	0.26%	1.46%	0.26%
NVDA	C	1.34%	6.38%	1.34%
ORCL	B	1.05%	1.78%	1.05%
QCOM	F	0.9%	1.36%	0.9%
RTX	C	0.3%	1.19%	0.3%
TSLA	B	0.67%	1.83%	0.67%
TXN	C	0.21%	1.23%	0.21%

WRND Overweight 84 Positions Relative to MPAY

Symbol	Grade	Weight
META	D	4.08%
INTC	D	1.97%
GM	B	1.2%
BMY	B	1.17%
NVS	D	0.96%
BABA	D	0.95%
PFE	D	0.94%
F	C	0.89%
AVGO	D	0.86%
VRTX	F	0.84%
TM	D	0.74%
IBM	C	0.71%
SONY	B	0.66%
STLA	F	0.66%
HMC	F	0.65%
GILD	C	0.64%
AMD	F	0.57%
AMGN	D	0.47%
BIDU	F	0.39%
SQ	B	0.39%
MU	D	0.38%
BA	F	0.36%
TEAM	A	0.34%
PYPL	B	0.34%
UBER	D	0.31%
EA	A	0.3%
REGN	F	0.29%
INCY	C	0.29%
MDT	D	0.28%
WDAY	B	0.28%
MRNA	F	0.27%
HPE	B	0.27%
TCOM	B	0.27%
NXPI	D	0.24%
SHOP	B	0.24%
MRVL	B	0.24%
DE	A	0.24%
SPOT	B	0.22%
PANW	C	0.22%
LI	F	0.22%
SNPS	B	0.22%
MELI	D	0.21%
PG	A	0.21%
BGNE	D	0.2%
SNOW	C	0.19%
HPQ	B	0.19%
CMI	A	0.19%
WDC	D	0.19%
NIO	F	0.19%
HON	B	0.18%
EXPE	B	0.18%
GE	D	0.18%
LRCX	F	0.18%
RIVN	F	0.17%
BSX	B	0.17%
ADSK	A	0.17%
CDNS	B	0.17%
BIIB	F	0.17%
EBAY	D	0.16%
RBLX	C	0.16%
MMM	D	0.16%
ADI	D	0.15%
SYK	C	0.15%
ILMN	D	0.14%
DASH	A	0.14%
DHR	F	0.14%
CTVA	C	0.14%
TMO	F	0.12%
GLW	B	0.12%
BDX	F	0.12%
DDOG	A	0.12%
NOC	D	0.12%
EW	C	0.12%
ISRG	A	0.12%
GEHC	F	0.12%
NTAP	C	0.11%
LPL	F	0.11%
JNPR	F	0.11%
PINS	D	0.11%
UL	D	0.11%
ALNY	D	0.1%
APTV	D	0.1%
MCHP	D	0.09%
LCID	F	0.07%

WRND Underweight 24 Positions Relative to MPAY

Symbol	Grade	Weight
GLDM	C	-3.6%
IAUM	C	-3.36%
WMT	A	-2.21%
V	A	-1.77%
COST	B	-1.77%
MA	C	-1.76%
UNH	C	-1.74%
HD	A	-1.74%
XOM	B	-1.55%
LOW	D	-1.37%
CVX	A	-1.32%
MCD	D	-1.31%
HCA	F	-1.28%
FTNT	C	-1.28%
TJX	A	-1.28%
PM	B	-1.27%
LIN	D	-1.27%
BKNG	A	-1.26%
PEP	F	-1.25%
NKE	D	-1.25%
ADP	B	-1.24%
AZO	C	-1.24%
UPS	C	-1.22%
DELL	C	-1.02%