TRFK vs WRND: Grades, Fees and Holdings Compared

Pacer Data and Digital Revolution ETF

TRFKBNYSE Arca

NYLI Global Equity R&D Leaders ETF

WRNDBNasdaq

Overlap

17.2%by weight

Expense ratio

WRND −0.31pt a year

TRFK0.49%WRND0.18%

Avg volume · 30D

TRFK 311.8×the volume

TRFK166KWRND532

3Y return · a year

TRFK +19.2pt

TRFK+41.8%WRND+22.6%

TRFK vs WRND Performance

Oct 31, 2025 – Oct 30, 2026

+15.9%TRFK+9.3%WRND

Expense ratio: TRFK 0.49%; WRND 0.18%, better
Fund size: TRFK $1.05B; WRND $11M
1Y total return: TRFK +15.9%, better; WRND +9.3%
Yield (12M): TRFK 0.03%; WRND 0.97%, better
Holdings: TRFK 99; WRND 208
Avg volume (30D): TRFK 166K sh, better; WRND 532 sh
NAV per share: TRFK $84.96; WRND $40.74
52W range

ETF.net Grade

Pillar letters and Scores for TRFK, WRND, with each pillar’s weight
Pillar	TRFK	WRND
Cost30% weight	B67	A100Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	C46	A76Higher
Tradability15% weight	A81Higher	F15
Holdings10% weight	C50	B58Higher
Durability5% weight	A72Higher	C47

Rank among Global Thematic funds

How we build Categories ›

Same Category. TRFK and WRND are both graded against the same 18 Global Thematic funds, so their Grades compare head to head.

Global Thematic⁠

Category · 18 funds

See all 18 ›

WRND ranks 3rd and TRFK 6th of 18 funds in the Global Thematic Category.

Rank 1AFITEState Street SPDR S&P Kensho Future Security ETFScore 79
Rank 2AAGNGGlobal X Aging Population ETFScore 70
Rank 3BWRNDNYLI Global Equity R&D Leaders ETFScore 69
Rank 4BICOPiShares Copper and Metals Mining ETFScore 68
Rank 5BHAILState Street SPDR S&P Kensho Smart Mobility ETFScore 67
Rank 6BTRFKPacer Data and Digital Revolution ETFScore 63
Rank 7BTHMZLazard Equity Megatrends ETFScore 56

Our read on each fund

ETF.net Research

TRFKBPacer Data and Digital Revolution ETF

WRNDBNYLI Global Equity R&D Leaders ETF

In short

TRFK Most tech themes chase the apps. TRFK buys the plumbing: roughly 100 globally listed companies tied to moving, transmitting and communicating data, chosen by index rules, for 0.49% a year.

WRND Most innovation funds sell you a story. WRND buys receipts: roughly 200 companies worldwide picked on what they actually spend on R&D and whether that spending earns a return, at a fee well under the thematic norm.

Stated mandate

TRFK The fund seeks exposure to globally listed stocks and depositary receipts of companies involved in the data and digital revolution.

WRND The Fund seeks to track, before fees and expenses, the price and yield performance of the IQ Global Equity R&D Leaders Index. Its passive strategy targets innovative companies worldwide based on high research and development spending.

Why people hold it

TRFK Global by design: the mandate reaches past US mega-caps to stocks and depositary receipts listed worldwide that sit in the data and digital build-out.paceretfs.com
0.49% a year undercuts the typical global thematic fund, and a rules-based index does the picking instead of a manager's hunch.paceretfs.com
Unusually easy to trade for a niche theme fund, and it has gathered over a billion dollars, which is rare air among global thematic launches.

WRND 0.18% a year against a 0.56% median for its global thematic peers. Innovation exposure without the boutique markup.newyorklifeinvestments.com
Selection leans on the income statement: R&D intensity paired with return on invested capital, favoring firms that turn research budgets into results.newyorklifeinvestments.com
Roughly 200 names from a global universe, one of three R&D-screened funds New York Life launched in 2022 rather than a one-off experiment.businesswire.com

Worth knowing

TRFK One theme, about 100 stocks. That concentration cuts both ways, and the ride tends to be bumpier than a broad global index.
Adjacent tech-theme peers charge less (UFOX at 0.30%), so this specific data-infrastructure slant carries a premium.
Live since 2022 and distributing once or twice a year at most: a growth-themed basket, not an income sleeve.

WRND Small and lightly traded, so bid/ask spreads tend to run wider than on mainstream global index funds.
Weighting by R&D dollars, with a cap on any single position, tilts the book toward the world's largest research spenders.businesswire.com etfstrategy.com
Distributions arrive quarterly, but income isn't the mandate; the index screens on research spending, not payouts.

Full TRFK profile⁠

Full WRND profile⁠

TRFK vs WRND Holdings

As of Oct 23, 2026

How TRFK and WRND differ

Overlap by weight

17.2%

Shared holdings make up 57.8% of TRFK and 17.2% of WRND.

Level by level

Holdings24 in both17.2%
Sector10 Sectors68.9%
Countryby domicile69.7%
Asset classEquity100%

Sector

Sector weights in TRFK and WRND, widest gap first
Sector	More in TRFKMore in WRND	TRFK	WRND
Technology	TRFK +31.1 points	89.6%	58.5%
Communication	WRND +9.6 points	0.5%	10.1%
Consumer Discretionary	WRND +9.1 points	0.0%	9.1%
Health Care	WRND +8.5 points	0.0%	8.5%
Industrials	WRND +2.4 points	9.8%	12.2%
Materials	WRND +0.7 points	0.0%	0.7%
Consumer Staples	WRND +0.7 points	0.0%	0.7%
Financials	WRND +0.1 points	0.0%	0.1%
Real Estate	Same weight	0.0%	0.0%
Energy	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in TRFK and WRND, widest gap first
Country	More in TRFKMore in WRND	TRFK	WRND
United States	TRFK +25.1 points	85.3%	60.2%
Taiwan	WRND +8.7 points	0.0%	8.7%
Germany	WRND +6.2 points	0.0%	6.2%
Netherlands	WRND +5.1 points	0.0%	5.1%
United Kingdom	WRND +3.0 points	0.2%	3.2%
Japan	TRFK +1.8 points	1.8%	0.0%
Denmark	WRND +1.7 points	0.0%	1.7%
France	TRFK +1.5 points	2.1%	0.6%
Other countries (15)	WRND +3.8 points	10.5%	14.3%

Outside the US: WRND 51% developed, 49% emerging.

Concentration

Weight in the 10 largest Holdings

TRFK56.7%
WRND47.1%

Securities held

TRFK94
WRND208

Asset class

TRFK: Equity
WRND: Equity

Holdings

Only in TRFK70
In both24
Only in WRND184

Only in TRFK

70 securities, 42.1% of TRFK by weight

Micron Technology Inc8.52%
Intel Corp3.87%
SK hynix Inc3.34%
ARM Holdings PLC2.57%
SK hynix Inc2.57%
Sandisk Corp2.17%
Schneider Electric SE1.71%
ABB Ltd1.68%
Seagate Technology Holdings PLC1.68%
Eaton Corp PLC1.63%
Kioxia Holdings Corp1.49%
Western Digital Corp1.39%
Johnson Controls International plc0.97%
Hewlett Packard Enterprise Co0.82%
TE Connectivity PLC0.66%
Nokia Oyj0.56%
Astera Labs Inc0.54%
Carrier Global Corp0.50%
NetApp Inc0.45%
Nebius Group NV0.44%
Prysmian SpA0.39%
CoreWeave Inc0.30%
F5 Inc0.27%
nVent Electric PLC0.25%
Super Micro Computer Inc0.25%
MACOM Technology Solutions Holdings Inc0.22%
Rubrik Inc0.20%
Nutanix Inc0.20%
Dynatrace Inc0.20%
Check Point Software Technologies Ltd0.15%
Furukawa Electric Co Ltd0.15%
Semtech Corp0.14%
Akamai Technologies Inc0.14%
DigitalOcean Holdings Inc0.13%
Elastic NV0.11%
SPX Technologies Inc0.09%
SentinelOne Inc0.09%
Silicon Motion Technology Corp0.08%
Qualys Inc0.08%
MaxLinear Inc0.07%
Commvault Systems Inc0.07%
AAON Inc0.07%
Trend Micro Inc/Japan0.06%
Nexans SA0.06%
Varonis Systems Inc0.06%
Cenergy Holdings SA0.06%
Synaptics Inc0.05%
Tenable Holdings Inc0.05%
Belden Inc0.05%
Time Interconnect Technology Ltd0.04%

Only in WRND

184 securities, 82.8% of WRND by weight

Apple Inc.7.26%
Alphabet Inc. Class A5.44%
Taiwan Semiconductor Manufacturing Co., Ltd.4.57%
Microsoft Corporation4.56%
ASML Holding NV4.46%
Samsung Electronics Co., Ltd.4.05%
Amazon.com, Inc.3.77%
Tesla, Inc.3.12%
Meta Platforms Inc Class A2.69%
Eli Lilly and Company2.64%
AstraZeneca PLC2.59%
Sap SE2.26%
Siemens AG2.07%
Eaton Corp. Plc1.28%
Novo Nordisk A/S Class B1.20%
Siemens Energy AG1.09%
GSK plc0.90%
Delta Electronics, Inc.0.83%
Vanguard Information Technology ETF0.75%
Palantir Technologies Inc. Class A0.73%
MercadoLibre, Inc.0.73%
iShares Semiconductor ETF0.67%
Netease Inc0.64%
Ferrari NV0.62%
Delta Electronics (Thailand) Public Co. Ltd.0.59%
Infineon Technologies AG0.58%
LG Energy Solution Ltd.0.56%
Applied Materials, Inc.0.53%
Lam Research Corporation0.52%
Amgen Inc.0.50%
Texas Instruments Incorporated0.47%
Garmin Ltd.0.47%
Franklin FTSE South Korea ETF0.43%
International Business Machines Corporation0.42%
Constellation Software Inc.0.41%
Elite Material Co., Ltd.0.40%
ASSA ABLOY AB Class B0.37%
PepsiCo, Inc.0.37%
Deere & Company0.36%
BeOne Medicines Ltd.0.36%
Amphenol Corporation Class A0.34%
Weg SA0.33%
Elbit Systems Ltd0.33%
Genmab A/S0.33%
Saab AB Class B0.33%
ASM International N.V.0.31%
Quanta Computer Inc.0.31%
Intuitive Surgical, Inc.0.30%
Dassault Systemes SE0.29%
Invesco PHLX Semiconductor ETF0.29%

Weight gaps

All 24 Holdings in both funds, largest gap first.

Holding weights in TRFK and WRND, widest gap first
Holding	More in TRFKMore in WRND	TRFK	WRND
Broadcom IncAVGO	TRFK +6.67 points	9.37%	2.70%
Advanced Micro Devices IncAMD	TRFK +6.02 points	7.45%	1.43%
NVIDIA CorpNVDA	TRFK +3.60 points	10.75%	7.15%
Cisco Systems IncCSCO	TRFK +3.39 points	4.10%	0.71%
Oracle CorpORCL	TRFK +2.98 points	3.66%	0.68%
Palo Alto Networks IncPANW	TRFK +2.49 points	3.01%	0.52%
Crowdstrike Holdings IncCRWD	TRFK +2.14 points	2.59%	0.45%
Arista Networks IncANET	TRFK +2.12 points	2.48%	0.36%
Marvell Technology IncMRVL	TRFK +1.98 points	2.28%	0.30%
QUALCOMM IncQCOM	TRFK +1.69 points	1.99%	0.30%
Dell Technologies IncDELL	TRFK +1.45 points	1.68%	0.23%
Fortinet IncFTNT	TRFK +1.19 points	1.36%	0.17%
Snowflake IncSNOW	TRFK +1.00 points	1.19%	0.19%
Datadog IncDDOG	TRFK +0.83 points	0.97%	0.14%
Vertiv Holdings CoVRT	TRFK +0.69 points	0.87%	0.18%
Ciena CorpCIEN	TRFK +0.46 points	0.54%	0.08%
Everpure IncP	TRFK +0.39 points	0.46%	0.07%
Zscaler IncZS	TRFK +0.33 points	0.40%	0.07%
Ubiquiti IncUI	TRFK +0.33 points	0.39%	0.06%
Trane Technologies PLCTT	TRFK +0.29 points	1.10%	0.81%
MongoDB IncMDB	TRFK +0.28 points	0.33%	0.05%
Credo Technology Group Holding LtdCRDO	TRFK +0.14 points	0.36%	0.22%
Legrand SA	TRFK +0.07 points	0.41%	0.34%
Montage Technology Co Ltd	Same weight	0.02%	0.02%

All 98 TRFK holdings⁠All 209 WRND holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

TRFK vs WRND Cost

Overpaying TRFK vs WRND

$6,043

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

TRFK 0.49%
$9,792
WRND 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

TRFK 0.49%
WRND 0.18%
Overpaying

Year by year

Year	TRFK	WRND	Overpaying
10	$883	$328	$555
20	$3,394	$1,281	$2,113
30	$9,792	$3,749	$6,043

Expense ratio

0.49%TRFK
0.18%WRND, cheaper

WRND0.18%TRFK0.49%

0.18%0.90%

Middle half of Global Thematic funds
Median 0.58%

WRND cheapest of 18 funds

TRFK 6th cheapest of 18 funds

TRFK vs WRND Dividends

Last 12 months to Oct 30, 2026

Yield (12M): TRFK 0.03%; WRND 0.97%, better
Payout (12M): TRFK $0.02; WRND $0.40
Last payment: TRFK $0.02; WRND $0.10
Ex-dividend: TRFK Sep 3, 2026; WRND Sep 30, 2026
Paid on: TRFK Sep 8, 2026; WRND Oct 2, 2026
Frequency: TRFK Twice a year; WRND Quarterly

Distribution history

Per share, 2022 to 2026, same scale for both

TRFKTwice a year · 11 paymentsAll TRFK payments⁠

WRNDQuarterly · 18 paymentsAll WRND payments⁠

TRFK vs WRND Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: TRFK 33.4%WRND 14.5%, better
Return per unit of riskSharpe ratio, 3 years: TRFK 1.08WRND 1.18, better
Worst fallMax drawdown, 5 years: TRFK −29.1%since Jun 2022WRND −27.2%since Feb 2022
Market sensitivityBeta, 5 years: TRFK 1.88WRND 1.15; Market = 1

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