MWMIX vs. USRD
MWMIX (VanEck Morningstar Wide Moat Fund) and USRD (Themes US R&D Champions ETF) are both Large Cap Blend Equities funds. Over the past year, MWMIX returned 10.84% vs 21.33% for USRD. A 0.74 correlation means they provide meaningful diversification when combined. MWMIX charges 0.59%/yr vs 0.29%/yr for USRD.
Performance
MWMIX vs. USRD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MWMIX achieves a -2.27% return, which is significantly lower than USRD's 12.31% return.
MWMIX
- 1D
- -1.27%
- 1M
- 1.37%
- YTD
- -2.27%
- 6M
- -3.51%
- 1Y
- 10.84%
- 3Y*
- 8.67%
- 5Y*
- 6.28%
- 10Y*
- —
USRD
- 1D
- 1.76%
- 1M
- 4.18%
- YTD
- 12.31%
- 6M
- 9.99%
- 1Y
- 21.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MWMIX vs. USRD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MWMIX VanEck Morningstar Wide Moat Fund | -2.27% | 13.17% | 10.30% | -0.62% |
USRD Themes US R&D Champions ETF | 12.31% | 12.44% | 15.53% | 5.32% |
Correlation
The correlation between MWMIX and USRD is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023 | 0.74 |
The correlation between MWMIX and USRD has been stable across timeframes, ranging from 0.72 to 0.74 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MWMIX vs. USRD — Risk / Return Rank
MWMIX
USRD
MWMIX vs. USRD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat Fund (MWMIX) and Themes US R&D Champions ETF (USRD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| MWMIX | USRD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.22 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 1.59 | -0.76 |
| Martin ratioReturn relative to average drawdown | 2.55 | 4.81 | -2.25 |
Loading charts...
Drawdowns
MWMIX vs. USRD - Drawdown Comparison
The maximum MWMIX drawdown since its inception was -33.03%, which is greater than USRD's maximum drawdown of -23.79%. Use the drawdown chart below to compare losses from any high point for MWMIX and USRD.
Loading charts...
Drawdown Indicators
| MWMIX | USRD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.03% | -23.79% | -9.24% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | -13.49% | +1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -21.66% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.90% | — | — |
Current DrawdownCurrent decline from peak | -5.96% | -7.42% | +1.46% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -3.71% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 4.45% | -0.41% |
Volatility
MWMIX vs. USRD - Volatility Comparison
The current volatility for VanEck Morningstar Wide Moat Fund (MWMIX) is 4.07%, while Themes US R&D Champions ETF (USRD) has a volatility of 8.08%. This indicates that MWMIX experiences smaller price fluctuations and is considered to be less risky than USRD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MWMIX | USRD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 8.08% | -4.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.97% | 14.50% | -4.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.95% | 17.70% | -3.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.66% | 19.49% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.46% | 19.49% | +0.97% |
MWMIX vs. USRD - Expense Ratio Comparison
MWMIX has a 0.59% expense ratio, which is higher than USRD's 0.29% expense ratio.
Dividends
MWMIX vs. USRD - Dividend Comparison
MWMIX's dividend yield for the trailing twelve months is around 12.76%, more than USRD's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MWMIX VanEck Morningstar Wide Moat Fund | 12.76% | 12.47% | 10.34% | 0.77% | 11.44% | 13.44% | 8.22% | 10.84% | 9.48% | 0.26% |
USRD Themes US R&D Champions ETF | 0.38% | 0.42% | 2.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MWMIX and USRD have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USRD has higher volatility (8.08%) compared to MWMIX (4.07%). In terms of maximum drawdown, MWMIX dropped -33.03% vs USRD's -23.79%.
USRD currently has the higher Sharpe Ratio (1.21 vs 0.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for MWMIX and USRD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer