WRND vs. PHEQ ETF Comparison

Comparison of IQ Global Equity R&D Leaders ETF (WRND) to Parametric Hedged Equity ETF (PHEQ)

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

$29.15

Average Daily Volume

1,358

Number of Holdings ^*

112

* may have additional holdings in another (foreign) market

PHEQ

Parametric Hedged Equity ETF

PHEQ Description

The fund seeks to provide capital appreciation by investing its net assets in equity securities of certain U.S. large capitalization companies that are constituents of the Solactive GBS US 500 at the time of purchase.

Grade (RS Rating)

Last Trade

$29.32

Average Daily Volume

19,681

Number of Holdings ^*

203

* may have additional holdings in another (foreign) market

Performance

Period	WRND	PHEQ
30 Days	-3.11%	1.16%
60 Days	-1.23%	2.21%
90 Days	-1.41%	3.39%
12 Months	17.78%	16.05%

60 Overlapping Holdings

Symbol	Grade	Weight in WRND	Weight in PHEQ	Overlap
AAPL	C	3.13%	6.78%	3.13%
ABBV	F	0.79%	0.87%	0.79%
ABBV	F	0.17%	0.87%	0.17%
ABNB	D	0.19%	0.15%	0.15%
ABT	A	0.28%	0.6%	0.28%
ADBE	D	0.37%	0.5%	0.37%
ALNY	D	0.11%	0.15%	0.11%
AMD	F	0.59%	0.54%	0.54%
AMGN	D	0.53%	0.47%	0.47%
AMZN	B	6.23%	4.2%	4.2%
APTV	F	0.1%	0.15%	0.1%
AVGO	C	0.92%	1.82%	0.92%
BA	D	0.37%	0.33%	0.33%
BMY	A	1.08%	0.5%	0.5%
CAT	C	0.23%	0.56%	0.23%
CRM	B	0.64%	0.66%	0.64%
CSCO	B	0.91%	0.8%	0.8%
DASH	A	0.13%	0.13%	0.13%
DDOG	A	0.11%	0.12%	0.11%
DE	C	0.23%	0.43%	0.23%
GLW	B	0.12%	0.26%	0.12%
GOOGL	B	5.17%	2.38%	2.38%
IBM	C	0.7%	0.57%	0.57%
ILMN	C	0.15%	0.06%	0.06%
ISRG	A	0.12%	0.59%	0.12%
JNJ	D	1.44%	1.03%	1.03%
KLAC	F	0.12%	0.36%	0.12%
LLY	F	0.93%	1.52%	0.93%
LMT	D	0.15%	0.61%	0.15%
LRCX	F	0.2%	0.31%	0.2%
MDT	D	0.27%	0.51%	0.27%
MELI	D	0.19%	0.26%	0.19%
META	C	4.19%	2.79%	2.79%
MMM	D	0.16%	0.44%	0.16%
MRK	F	1.64%	0.7%	0.7%
MRNA	F	0.31%	0.01%	0.01%
MRVL	B	0.25%	0.26%	0.25%
MSFT	D	2.92%	6.62%	2.92%
MU	D	0.42%	0.33%	0.33%
NFLX	A	0.32%	0.79%	0.32%
NOW	B	0.25%	0.63%	0.25%
NVDA	A	1.37%	7.38%	1.37%
ORCL	A	1.03%	0.75%	0.75%
PANW	B	0.21%	0.3%	0.21%
PG	C	0.2%	1.06%	0.2%
PINS	F	0.11%	0.03%	0.03%
PYPL	B	0.33%	0.28%	0.28%
QCOM	F	0.9%	0.33%	0.33%
RBLX	B	0.16%	0.13%	0.13%
REGN	F	0.31%	0.22%	0.22%
SNOW	C	0.17%	0.06%	0.06%
SPOT	B	0.18%	0.18%	0.18%
SQ	A	0.31%	0.12%	0.12%
TEAM	A	0.32%	0.06%	0.06%
TMO	F	0.12%	0.62%	0.12%
TSLA	A	0.61%	1.94%	0.61%
TXN	C	0.21%	0.62%	0.21%
UBER	F	0.31%	0.28%	0.28%
VRTX	D	0.9%	0.38%	0.38%
WDAY	C	0.27%	0.13%	0.13%

WRND Overweight 52 Positions Relative to PHEQ

Symbol	Grade	Weight
INTC	C	2.01%
GM	B	1.15%
BABA	D	1.01%
PFE	F	0.98%
NVS	D	0.96%
F	C	0.84%
TM	D	0.72%
GILD	C	0.68%
STLA	F	0.64%
HMC	F	0.64%
SONY	B	0.62%
BIDU	F	0.41%
AMAT	F	0.32%
INCY	C	0.31%
RTX	D	0.3%
TCOM	B	0.29%
INTU	B	0.29%
EA	A	0.28%
HPE	B	0.27%
NXPI	F	0.24%
SNPS	C	0.23%
LI	F	0.23%
BGNE	D	0.22%
NIO	F	0.22%
WDC	F	0.2%
SHOP	B	0.19%
BIIB	F	0.18%
HPQ	B	0.18%
CMI	A	0.18%
GE	D	0.18%
RIVN	F	0.17%
EXPE	B	0.17%
BSX	A	0.16%
HON	B	0.16%
ADSK	B	0.16%
CDNS	B	0.16%
DHR	D	0.15%
EBAY	D	0.15%
ADI	D	0.15%
CTVA	C	0.14%
ACN	C	0.14%
SYK	A	0.14%
NOC	D	0.13%
JNPR	D	0.12%
BDX	F	0.12%
GEHC	D	0.12%
LPL	D	0.11%
NTAP	C	0.11%
EW	C	0.11%
UL	D	0.11%
MCHP	F	0.1%
LCID	F	0.07%

WRND Underweight 144 Positions Relative to PHEQ

Symbol	Grade	Weight
GOOG	B	-1.99%
JPM	A	-1.68%
UNH	C	-1.41%
BRK.A	B	-1.4%
XOM	B	-1.4%
V	A	-1.27%
MA	B	-1.15%
HD	A	-1.13%
COST	A	-1.09%
WMT	A	-0.96%
BAC	A	-0.95%
CVX	A	-0.8%
KO	D	-0.79%
PEP	F	-0.74%
LIN	D	-0.67%
T	A	-0.66%
WFC	A	-0.65%
LOW	C	-0.57%
AXP	B	-0.57%
TMUS	B	-0.52%
UNP	D	-0.52%
DIS	B	-0.49%
KKR	A	-0.47%
WM	B	-0.45%
TRGP	A	-0.45%
CTAS	B	-0.44%
ETR	A	-0.4%
MS	A	-0.39%
DAL	A	-0.39%
BKNG	A	-0.39%
TRV	A	-0.38%
PRU	B	-0.36%
HWM	A	-0.36%
RSG	A	-0.35%
SCHW	A	-0.34%
K	B	-0.34%
AVB	B	-0.34%
DOV	B	-0.33%
YUM	D	-0.33%
HIG	B	-0.33%
PPL	A	-0.33%
OTIS	C	-0.33%
LH	B	-0.32%
LNT	A	-0.32%
ROST	D	-0.32%
PLTR	A	-0.32%
KMB	C	-0.32%
CMS	C	-0.31%
COR	B	-0.31%
HBAN	B	-0.31%
DTE	C	-0.31%
EXR	C	-0.31%
EQR	C	-0.31%
BRO	B	-0.31%
DOC	D	-0.3%
DRI	C	-0.3%
PHM	D	-0.3%
AEE	A	-0.3%
APO	A	-0.3%
AME	A	-0.28%
SYF	B	-0.27%
MAA	A	-0.27%
CNP	A	-0.27%
ARES	A	-0.26%
URI	B	-0.25%
FANG	D	-0.25%
JBHT	C	-0.25%
RMD	C	-0.25%
CFG	B	-0.25%
LII	A	-0.25%
ULTA	F	-0.24%
NDAQ	A	-0.24%
EXPD	D	-0.23%
NEM	D	-0.23%
MRO	A	-0.23%
L	A	-0.23%
FE	C	-0.23%
HEI	A	-0.22%
LNG	A	-0.22%
MKL	A	-0.22%
LYB	F	-0.22%
AMCR	D	-0.21%
SSNC	C	-0.21%
MSTR	A	-0.21%
ARE	F	-0.21%
LULU	C	-0.21%
PFG	C	-0.2%
WRB	B	-0.2%
CSL	C	-0.19%
CPB	D	-0.19%
ESS	A	-0.19%
ZM	B	-0.19%
TTD	B	-0.19%
PPG	F	-0.18%
WBD	B	-0.18%
HAL	C	-0.17%
AKAM	F	-0.17%
DVN	F	-0.17%
CRWD	B	-0.17%
CAG	F	-0.17%
IFF	D	-0.16%
DELL	B	-0.15%
MOH	F	-0.15%
BAH	D	-0.15%
HUBS	B	-0.15%
ON	F	-0.15%
ZBH	C	-0.14%
HEI	A	-0.14%
NDSN	D	-0.14%
COIN	A	-0.13%
HUBB	B	-0.13%
FCNCA	A	-0.13%
MGM	D	-0.12%
TW	A	-0.11%
IBKR	A	-0.11%
STLD	B	-0.11%
VEEV	C	-0.11%
TRU	D	-0.1%
VRT	A	-0.1%
SUI	C	-0.1%
ZS	B	-0.09%
DOX	D	-0.09%
DKNG	B	-0.08%
BLDR	D	-0.08%
NET	B	-0.07%
AGR	A	-0.07%
SCCO	F	-0.07%
YUMC	B	-0.07%
ALGN	D	-0.06%
AVTR	F	-0.06%
LPLA	A	-0.05%
SNAP	D	-0.05%
CE	F	-0.05%
OWL	A	-0.05%
WLK	F	-0.04%
OKTA	D	-0.04%
RKT	F	-0.04%
RPRX	F	-0.04%
BSY	D	-0.04%
CPNG	D	-0.03%
SIRI	D	-0.03%
ENPH	F	-0.03%
WSM	D	-0.02%
WMG	C	-0.02%