- Delisting Date
- Jul 29, 2026
- Issuer
- Themes
- Inception Date
- Dec 12, 2023
- Region
- North America (U.S.)
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Solactive US R&D Champions Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $1M
Share Price Chart
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Performance
USRD Performance Chart
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Returns By Period
Themes US R&D Champions ETF (USRD) has returned 11.87% so far this year and 14.85% over the past 12 months.
Themes US R&D Champions ETF
- 1D
- 0.00%
- 1M
- -2.25%
- 6M
- 11.38%
- YTD
- 11.87%
- 1Y
- 14.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.58%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
USRD Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.43% | -0.61% | -5.83% | 11.44% | 12.56% | -2.59% | -2.60% | 11.87% | |||||
| 2025 | 4.70% | -5.57% | -6.10% | 1.15% | 7.54% | 7.36% | 2.42% | -1.73% | 2.73% | 4.01% | -2.95% | -0.63% | 12.44% |
| 2024 | 1.79% | 6.55% | 3.64% | -6.43% | 1.48% | 4.38% | -0.70% | 4.94% | 1.82% | -2.43% | 4.54% | -4.17% | 15.53% |
| 2023 | 5.32% | 5.32% |
Benchmark Metrics
Themes US R&D Champions ETF has an annualized alpha of -3.79%, beta of 1.15, and R2 of 0.84 versus S&P 500 Index. Calculated based on daily prices since December 13, 2023.
- This ETF participated in 143.73% of S&P 500 Index downside but only 114.52% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -3.79% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.15 and R2 of 0.84, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -3.79%
- Beta
- 1.15
- R²
- 0.84
- Upside Capture
- 114.52%
- Downside Capture
- 143.73%
Expense Ratio
USRD has an expense ratio of 0.29%, placing it in the medium range.
Return for Risk
Risk / Return Rank
USRD ranks 27 for risk / return — above 27% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Themes US R&D Champions ETF (USRD) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| USRD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.25 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 2.00 | -1.17 |
| Martin ratioReturn relative to average drawdown | 2.23 | 8.49 | -6.26 |
Dividends
Dividend History
Themes US R&D Champions ETF provided a 0.38% dividend yield over the last twelve months, with an annual payout of $0.14 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.14 | $0.14 | $0.72 |
Dividend yield | 0.38% | 0.42% | 2.44% |
Monthly Dividends
The table displays the monthly dividend distributions for Themes US R&D Champions ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2024 | $0.72 | $0.72 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Themes US R&D Champions ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Themes US R&D Champions ETF was 23.79%, occurring on Apr 8, 2025. Recovery took 54 trading sessions.
The current Themes US R&D Champions ETF drawdown is 7.79%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-23.79%Apr 2025 | 4mo 4d | 2mo 19d | 6mo 23dDec 2024 - Jun 2025 | 2025 selloff2025 |
-13.49%Mar 2026 | 5mo 3d | 25d | 5mo 28dOct 2025 - Apr 2026 | — |
-9.87%Jul 2026 | 1mo 20d | — | 2mo 1dJun 2026 - now | — |
-9.27%Aug 2024 | 19d | 14d | 1mo 3dJul 2024 - Aug 2024 | — |
-8.44%Apr 2024 | 18d | 2mo 17d | 3mo 5dApr 2024 - Jul 2024 | — |
Drawdown Indicators
| USRD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.79% | -56.78% | +32.99% |
Max Drawdown (1Y)Largest decline over 1 year | -13.49% | -9.10% | -4.39% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -7.79% | -1.58% | -6.21% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -10.70% | +6.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.13% | 2.14% | +2.99% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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