IQ U.S. Large Cap R&D Leaders ETF (LRND) Performance
LRND total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +13.2% since Dec 31, 2025
- 1 year
- +15.0% total return
- 3 years
- +23.9% a year
- Since first price
- +15.0% a year since 2022
LRND trailing returns vs SPY, QQQ, AGG
| Period | LRND total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.2% | −3.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +5.4% | +5.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +10.4% | +10.2% | +7.8% | +8.4% | −1.5% |
| YTD | +13.2% | +12.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +15.0% | +14.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +90.0%+23.9%/yr | +85.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionFeb 8, 2022 | +92.6%+15.0%/yr | +83.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: LRND vs SPY
From Feb 8, 2022: LRND grew to $19,265, SPY to $17,956.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
LRND returns by calendar year
3 of 3 full years positive. Best 2023 (+44.1%), worst 2025 (+20.3%). 2026 is year to date.
LRND annual returns table
| Year | LRND | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +13.2% | −13.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +20.3% | −21.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +21.7% | −12.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +44.1% | −9.8% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
LRND largest drawdowns
Now 6.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 29, 2022 | −25.4% | Oct 14, 2022 | Jun 13, 2023 | 7 months | 1.2 years |
| Feb 19, 2025 | −21.1% | Apr 8, 2025 | Jun 26, 2025 | 48 days | 4 months |
| Oct 29, 2025 | −13.8% | Mar 30, 2026 | Apr 17, 2026 | 5 months | 6 months |
| Jul 10, 2024 | −12.0% | Aug 7, 2024 | Nov 6, 2024 | 28 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
LRND risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +24.9% | +17.2% |
| Volatility (annualized) | 15.4% | 18.0% |
| Sharpe ratio | 1.25 | 0.76 |
| Sortino ratio | 2.56 | 1.24 |
| Best month | +13.6% | +13.6% |
| Worst month | −6.7% | −10.8% |
| Best 12 months | +36.4% | +45.5% |
| Worst 12 months | +3.3% | −10.9% |
| Positive months | 61% | 60% |
| Beta vs S&P 500 | 1.17 | — |
| Correlation with S&P 500 | 0.94 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
LRND rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 45 | −10.9% | +22.3% | +45.5% | 96% |
| 3-year (a year) | 21 | +9.9% | +22.7% | +29.0% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
LRND performance overview
IQ U.S. Large Cap R&D Leaders ETF (LRND) returned +15.0% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +15.0% a year, turning $10,000 into about $19,265. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −25.4%, from Mar 29, 2022 to Oct 14, 2022, and it took 8 months to get back to the old high. LRND finished 3 of its 3 full calendar years with a gain; the best year was 2023 (+44.1%) and the worst 2025 (+20.3%). Volatility has been 18.0% a year.
Related: LRND chart, LRND holdings, LRND dividends, LRND valuation. See the LRND overview for the latest quote and fund facts.
LRND performance FAQ
What is the LRND return over the past year?
LRND returned +15.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 14.6%.
How much would $10,000 invested in LRND be worth?
$10,000 invested in LRND at its first recorded close on February 8, 2022 would be worth about $19,265 on October 23, 2026 with distributions reinvested.
What was the worst year for LRND?
The worst calendar year was 2025, with a total return of +20.3%. The best was 2023 at +44.1%.
What is the biggest drawdown of LRND?
The largest peak-to-trough decline was −25.4% between March 29, 2022 and October 14, 2022. It recovered to the old high on June 13, 2023, 8 months after the bottom.
How volatile is LRND?
Over the past 3 years LRND had an annualized volatility of 15.4% and a Sharpe ratio of 1.25 (excess return over 1–3 month T-bills per unit of risk).