- 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
Themes US R&D Champions ETF (USRD) is up 10.8% since the beginning of the year. USRD is currently trading at $37 per share.
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Returns By Period
Themes US R&D Champions ETF (USRD) has returned 10.76% so far this year and 19.51% over the past 12 months.
Themes US R&D Champions ETF
- 1D
- -1.60%
- 1M
- -2.04%
- YTD
- 10.76%
- 6M
- 9.67%
- 1Y
- 19.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
USRD Monthly Returns History
Based on dividend-adjusted daily data since Dec 13, 2023, USRD's average daily return is +0.07%, while the average monthly return is +1.47%. At this rate, an investment would double in approximately 4.0 years.
Historically, 61% of months were positive and 39% were negative. The best month was May 2026 with a return of +12.6%, while the worst month was Apr 2024 at -6.4%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 2 months.
On a daily basis, USRD closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +10.3%, while the worst single day was Apr 4, 2025 at -6.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.43% | -0.61% | -5.83% | 11.44% | 12.56% | -6.06% | 10.76% | ||||||
| 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 -4.08%, beta of 1.15, and R2 of 0.85 versus S&P 500 Index. Calculated based on daily prices since December 13, 2023.
- This ETF participated in 140.96% 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 -4.08% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -4.08%
- Beta
- 1.15
- R²
- 0.85
- Upside Capture
- 114.52%
- Downside Capture
- 140.96%
Expense Ratio
USRD has an expense ratio of 0.29%, placing it in the medium range.
Return for Risk
Risk / Return Rank
USRD ranks 32 for risk / return — below 32% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by 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 | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.32 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 2.46 | -1.00 |
| Martin ratioReturn relative to average drawdown | 4.25 | 10.92 | -6.67 |
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 | ||||||
| 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 8.69%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -23.79%Apr 2025 | 4mo 4d | 2mo 19d | 6mo 23dDec 2024 - Jun 2025 |
2026 correction2026 | -13.49%Mar 2026 | 5mo 3d | 25d | 5mo 28dOct 2025 - Apr 2026 |
2024 pullback2024 | -9.27%Aug 2024 | 19d | 14d | 1mo 3dJul 2024 - Aug 2024 |
2026 pullback2026 | -9.02%Jun 2026 | 7d | — | 21d 4hJun 2026 - now |
2024 pullback2024 | -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 | -8.69% | -3.21% | -5.48% |
Average DrawdownAverage peak-to-trough decline | -3.75% | -10.71% | +6.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.60% | 2.04% | +2.56% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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