WRND vs. CLSE ETF Comparison

Comparison of IQ Global Equity R&D Leaders ETF (WRND) to Convergence Long/Short Equity ETF (CLSE)

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

$30.19

Average Daily Volume

804

Number of Holdings ^*

109

* may have additional holdings in another (foreign) market

CLSE

Convergence Long/Short Equity ETF

CLSE Description

The investment seeks long-term capital growth. The fund seeks to invest, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in long and short positions in equity securities of domestic companies. The adviser intends to maintain a net long exposure (the market value of long positions minus the market value of short positions) of approximately 50% to 100%. Under normal market conditions, the fund’s long positions may range from approximately 90% to 150% and its short positions may range from approximately 20% to 70%.

Grade (RS Rating)

Last Trade

$22.17

Average Daily Volume

50,834

Number of Holdings ^*

325

* may have additional holdings in another (foreign) market

Performance

Period	WRND	CLSE
30 Days	3.77%	1.80%
60 Days	4.77%	5.28%
90 Days	3.79%	2.71%
12 Months	28.68%	36.41%

45 Overlapping Holdings

Symbol	Grade	Weight in WRND	Weight in CLSE	Overlap
AAPL	C	3.43%	2.17%	2.17%
ABBV	B	0.86%	1.03%	0.86%
ABBV	B	0.17%	1.03%	0.17%
ADBE	F	0.37%	-0.37%	-0.37%
AMGN	D	0.56%	0.55%	0.55%
AMZN	C	5.85%	2.44%	2.44%
AVGO	C	0.81%	2.6%	0.81%
BA	F	0.32%	-0.38%	-0.38%
BMY	C	1.2%	0.5%	0.5%
CAT	B	0.26%	0.34%	0.26%
CNH	C	0.12%	-0.19%	-0.19%
CSCO	B	0.89%	-0.23%	-0.23%
EXPE	C	0.16%	0.5%	0.16%
GE	C	0.24%	-0.29%	-0.29%
GILD	B	0.71%	0.93%	0.71%
GLW	B	0.12%	0.33%	0.12%
GM	C	1.03%	0.56%	0.56%
GOOGL	D	4.21%	3.05%	3.05%
HPE	C	0.22%	1.63%	0.22%
IBM	B	0.91%	1.71%	0.91%
ILMN	D	0.16%	-0.16%	-0.16%
INTC	D	1.23%	-0.89%	-0.89%
JNJ	C	1.72%	0.96%	0.96%
KLAC	D	0.13%	0.46%	0.13%
LMT	A	0.19%	0.53%	0.19%
MCHP	D	0.1%	-0.51%	-0.51%
META	B	4.44%	3.19%	3.19%
MRK	F	2.57%	0.54%	0.54%
MRNA	F	0.21%	-0.33%	-0.33%
MSFT	C	2.78%	1.12%	1.12%
MU	D	0.22%	0.97%	0.22%
NFLX	B	0.29%	0.31%	0.29%
NVDA	C	0.93%	3.93%	0.93%
ORCL	B	1.08%	1.23%	1.08%
PG	C	0.21%	0.72%	0.21%
PYPL	B	0.4%	1.03%	0.4%
QCOM	D	0.7%	2.6%	0.7%
RBLX	C	0.18%	-0.14%	-0.14%
RIVN	F	0.22%	-0.4%	-0.4%
RTX	B	0.34%	0.49%	0.34%
SPOT	C	0.21%	0.13%	0.13%
TSLA	C	0.62%	0.58%	0.58%
TXN	B	0.2%	-0.86%	-0.86%
U	D	0.16%	-0.63%	-0.63%
WDC	C	0.17%	-0.6%	-0.6%

WRND Overweight 64 Positions Relative to CLSE

Symbol	Grade	Weight
NVS	C	1.18%
PFE	D	1.16%
BABA	B	1.13%
LLY	D	1.06%
TM	D	0.95%
HMC	D	0.81%
F	F	0.78%
SONY	C	0.74%
AMD	C	0.6%
STLA	F	0.57%
CRM	C	0.57%
BIDU	C	0.42%
REGN	D	0.42%
UBER	C	0.36%
VRTX	D	0.35%
SQ	D	0.31%
MDT	B	0.31%
NIO	C	0.3%
ABT	C	0.3%
NOW	C	0.29%
BGNE	B	0.29%
WDAY	D	0.29%
INTU	D	0.28%
AMAT	D	0.27%
LI	D	0.27%
DE	A	0.25%
MELI	C	0.25%
EA	D	0.25%
SHOP	C	0.24%
MMM	B	0.24%
TCOM	B	0.22%
NXPI	D	0.21%
TEAM	D	0.21%
PANW	D	0.19%
EBAY	B	0.19%
MRVL	D	0.19%
DHR	B	0.18%
CMI	B	0.18%
BIIB	F	0.18%
INCY	C	0.17%
SNPS	F	0.17%
ADI	C	0.16%
BSX	B	0.16%
ABNB	D	0.16%
ADSK	B	0.16%
HPQ	C	0.16%
TMO	B	0.15%
ACN	C	0.15%
NOC	B	0.15%
GEHC	B	0.15%
CTVA	B	0.15%
LRCX	D	0.14%
HON	C	0.14%
SYK	C	0.14%
APTV	D	0.13%
SNOW	F	0.13%
JNPR	A	0.13%
LPL	D	0.13%
CDNS	D	0.13%
DASH	B	0.13%
BDX	D	0.12%
ISRG	C	0.12%
PINS	D	0.08%
EW	F	0.08%

WRND Underweight 281 Positions Relative to CLSE

Symbol	Grade	Weight
APP	C	-1.96%
WMT	B	-1.95%
NTAP	D	-1.88%
ANET	C	-1.87%
CVNA	B	-1.74%
CVLT	B	-1.64%
GDDY	C	-1.55%
GOOG	D	-1.25%
DOCU	C	-1.21%
HD	B	-1.18%
ACIW	B	-1.14%
HALO	D	-1.05%
T	B	-1.03%
SNEX	C	-1.03%
AMG	C	-1.02%
JHG	B	-0.99%
NTRS	C	-0.98%
AVT	B	-0.92%
SYF	C	-0.9%
AMRX	C	-0.89%
OGN	D	-0.89%
THC	C	-0.85%
EME	B	-0.84%
DVA	B	-0.84%
IDCC	B	-0.83%
SEIC	B	-0.82%
BAC	D	-0.82%
UHS	C	-0.82%
VLO	F	-0.8%
NTNX	D	-0.8%
MLI	B	-0.77%
MO	C	-0.77%
FTDR	B	-0.76%
MPC	F	-0.74%
UMBF	C	-0.73%
PPC	D	-0.73%
CNC	D	-0.73%
BG	F	-0.72%
JXN	B	-0.69%
IIPR	B	-0.68%
GVA	B	-0.65%
STRL	C	-0.65%
CHRW	B	-0.63%
FITB	B	-0.62%
OSCR	D	-0.6%
JPM	D	-0.6%
CAH	C	-0.6%
UNP	D	-0.59%
RF	B	-0.59%
VST	B	-0.59%
XOM	D	-0.59%
PATK	C	-0.58%
DVN	F	-0.58%
TSN	D	-0.57%
PRIM	B	-0.57%
WFC	D	-0.57%
CFG	D	-0.57%
SLVM	C	-0.56%
ADMA	C	-0.56%
MTZ	C	-0.56%
NRG	B	-0.56%
AVA	B	-0.55%
PNW	C	-0.55%
NEE	B	-0.55%
MET	B	-0.55%
PGR	C	-0.54%
IESC	B	-0.54%
RGA	C	-0.54%
MWA	B	-0.54%
NEM	C	-0.53%
CVX	F	-0.52%
FDX	D	-0.52%
VRT	C	-0.51%
HRB	C	-0.51%
NSA	C	-0.49%
CNA	D	-0.49%
MUSA	D	-0.47%
LNTH	D	-0.47%
EEFT	F	-0.46%
ACT	C	-0.46%
MCK	F	-0.45%
REZI	D	-0.44%
LAMR	B	-0.43%
EQR	C	-0.43%
RGLD	C	-0.42%
MRO	D	-0.41%
SCCO	C	-0.4%
LDOS	A	-0.4%
SPG	B	-0.4%
FCX	C	-0.39%
KMB	C	-0.39%
SAIC	C	-0.39%
KNF	C	-0.38%
CTRE	C	-0.36%
J	A	-0.36%
TOL	A	-0.35%
BCO	B	-0.34%
ABM	D	-0.34%
SM	F	-0.33%
ALSN	B	-0.33%
EXP	B	-0.33%
STAG	D	-0.33%
IBP	C	-0.33%
NVR	B	-0.31%
VTRS	D	-0.31%
JLL	B	-0.3%
CPNG	B	-0.27%
BKNG	B	-0.26%
CCL	C	-0.25%
ANF	D	-0.23%
MHO	B	-0.19%
KR	B	-0.17%
NTRA	C	-0.15%
ADUS	C	-0.12%
ALNY	C	-0.12%
GRMN	D	-0.09%
QQQ	B	-0.0%
JOBY	F	--0.04%
AEE	B	--0.04%
BC	C	--0.05%
WOR	F	--0.05%
CAR	D	--0.06%
FOXF	F	--0.08%
AES	C	--0.08%
ALIT	D	--0.08%
CZR	C	--0.09%
NXST	D	--0.09%
DRVN	C	--0.1%
VAC	D	--0.1%
HGV	F	--0.1%
AWR	C	--0.1%
MCW	F	--0.1%
WTW	B	--0.1%
HHH	C	--0.11%
ACVA	C	--0.11%
AGL	F	--0.11%
PGNY	F	--0.12%
AAL	D	--0.12%
VAL	F	--0.12%
COLD	D	--0.12%
VSAT	F	--0.12%
VMC	C	--0.12%
CC	D	--0.13%
LAD	B	--0.13%
PPBI	D	--0.14%
AA	C	--0.14%
VFC	B	--0.14%
SJM	C	--0.15%
EXR	C	--0.15%
PCH	C	--0.15%
MTN	D	--0.15%
DAY	D	--0.15%
PYCR	D	--0.15%
CHDN	D	--0.16%
CLDX	F	--0.16%
CG	C	--0.16%
WY	C	--0.16%
WTRG	D	--0.16%
AESI	D	--0.16%
KRG	C	--0.16%
CHK	C	--0.16%
CIEN	B	--0.17%
CGON	C	--0.17%
UHAL	B	--0.17%
WAL	B	--0.17%
OKE	C	--0.18%
GTLS	F	--0.18%
VNO	B	--0.18%
AVAV	C	--0.18%
UEC	D	--0.18%
HI	F	--0.18%
BEAM	F	--0.18%
ENOV	F	--0.18%
TXG	D	--0.18%
KNSL	D	--0.19%
BIRK	F	--0.2%
BANC	C	--0.2%
XPO	D	--0.2%
BE	F	--0.2%
APD	B	--0.2%
LKQ	F	--0.2%
WOLF	F	--0.2%
NTLA	F	--0.2%
CINF	C	--0.2%
TFC	D	--0.2%
TTD	B	--0.2%
FCNCA	D	--0.2%
COLB	B	--0.21%
RBA	D	--0.21%
LUV	C	--0.21%
IRTC	F	--0.21%
TMDX	C	--0.21%
AJG	D	--0.21%
AGCO	D	--0.21%
EL	D	--0.21%
SHC	C	--0.22%
SBUX	C	--0.22%
WBA	F	--0.22%
TREX	F	--0.22%
GPOR	C	--0.22%
SOFI	D	--0.22%
IPAR	D	--0.23%
COTY	D	--0.23%
XYL	C	--0.23%
WTM	F	--0.23%
SW	B	--0.24%
DXCM	F	--0.24%
CNX	B	--0.24%
RNR	B	--0.24%
FLYW	F	--0.24%
AEIS	D	--0.24%
VSH	F	--0.25%
WSC	D	--0.25%
BIO	C	--0.25%
SUM	D	--0.25%
EQT	C	--0.26%
PTEN	F	--0.26%
WAT	B	--0.26%
ALB	D	--0.26%
SITE	D	--0.27%
APLS	F	--0.27%
AL	C	--0.27%
HASI	C	--0.27%
GMED	D	--0.28%
GT	F	--0.28%
HSY	D	--0.28%
VVV	D	--0.28%
CELH	F	--0.29%
LW	D	--0.29%
DLTR	F	--0.29%
FDS	C	--0.3%
PSA	C	--0.31%
INSP	D	--0.31%
LVS	C	--0.31%
PEN	D	--0.31%
SRE	B	--0.32%
TOST	C	--0.32%
D	C	--0.32%
NEOG	D	--0.32%
RVMD	C	--0.33%
EVTC	D	--0.33%
MARA	D	--0.33%
MNST	D	--0.33%
ON	D	--0.34%
FOUR	C	--0.34%
LPLA	D	--0.35%
IAC	C	--0.35%
NDAQ	C	--0.35%
EXAS	D	--0.35%
ZI	D	--0.36%
BBIO	F	--0.36%
FIVN	F	--0.36%
ENPH	D	--0.36%
AFRM	D	--0.36%
MKTX	D	--0.36%
LYV	A	--0.37%
KLIC	D	--0.37%
ZBRA	B	--0.38%
RIOT	F	--0.39%
BRZE	F	--0.4%
PATH	D	--0.4%
C	C	--0.42%
WBD	D	--0.43%
CCOI	C	--0.44%
CGNX	F	--0.44%
GLOB	D	--0.45%
TTWO	D	--0.46%
SATS	C	--0.46%
MDB	D	--0.47%
FIVE	D	--0.48%
DV	F	--0.49%
BILL	D	--0.49%
CFLT	F	--0.53%
RH	C	--0.56%
POOL	C	--0.57%
LBRDK	C	--0.58%
SMCI	F	--0.58%
FND	C	--0.63%
LSCC	D	--0.65%
GFS	F	--0.67%
LITE	B	--0.73%