USRD vs. BUFX

Last updated Jun 24, 2026

USRD (Themes US R&D Champions ETF) and BUFX (FT Vest Laddered Enhance & Moderate Buffer ETF) are both exchange-traded funds - USRD is a Large Cap Blend Equities fund tracking the Solactive US R&D Champions Index, while BUFX is a Defined Outcome fund managed by First Trust. A 0.79 correlation means they provide meaningful diversification when combined. USRD charges 0.29%/yr vs 0.96%/yr for BUFX.

Performance

USRD vs. BUFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes US R&D Champions ETF (USRD) and FT Vest Laddered Enhance & Moderate Buffer ETF (BUFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USRD achieves a 10.76% return, which is significantly higher than BUFX's 3.84% return.

USRD

• 1D: -1.60%
• 1M: -2.04%
• YTD: 10.76%
• 6M: 9.67%
• 1Y: 19.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BUFX

• 1D: -0.27%
• 1M: 0.09%
• YTD: 3.84%
• 6M: 3.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

USRD vs. BUFX - Yearly Performance Comparison

	2026 (YTD)	2025
USRD Themes US R&D Champions ETF	10.76%	6.13%
BUFX FT Vest Laddered Enhance & Moderate Buffer ETF	3.84%	5.43%

Correlation

The correlation between USRD and BUFX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.79

Return for Risk

USRD vs. BUFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USRD

USRD Risk / Return Rank: 32
USRD Sharpe Ratio Rank: 33
USRD Sortino Ratio Rank: 31
USRD Omega Ratio Rank: 31
USRD Calmar Ratio Rank: 31
USRD Martin Ratio Rank: 32

BUFX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

USRD vs. BUFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes US R&D Champions ETF (USRD) and FT Vest Laddered Enhance & Moderate Buffer ETF (BUFX). 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.

	USRD	BUFX	Difference
Sharpe ratio: Return per unit of total volatility	1.10	—	—
Sortino ratio: Return per unit of downside risk	1.58	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.45	—	—
Martin ratio: Return relative to average drawdown	4.25	—	—

Drawdowns

USRD vs. BUFX - Drawdown Comparison

The maximum USRD drawdown since its inception was -23.79%, which is greater than BUFX's maximum drawdown of -2.87%. Use the drawdown chart below to compare losses from any high point for USRD and BUFX.

Drawdown Indicators

	USRD	BUFX	Difference
Max Drawdown Largest peak-to-trough decline	-23.79%	-2.87%	-20.92%
Max Drawdown (1Y) Largest decline over 1 year	-13.49%	—	—
Current Drawdown Current decline from peak	-8.69%	-0.59%	-8.10%
Average Drawdown Average peak-to-trough decline	-3.75%	-0.24%	-3.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.60%	—	—

Volatility

Volatility by Period

	USRD	BUFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.73%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.86%	4.05%	+13.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.52%	4.05%	+15.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.52%	4.05%	+15.47%

USRD vs. BUFX - Expense Ratio Comparison

USRD has a 0.29% expense ratio, which is lower than BUFX's 0.96% expense ratio.

Dividends

USRD vs. BUFX - Dividend Comparison

USRD's dividend yield for the trailing twelve months is around 0.38%, while BUFX has not paid dividends to shareholders.

Position	TTM	2025	2024
BUFX FT Vest Laddered Enhance & Moderate Buffer ETF	0.00%	0.00%	0.00%
USRD Themes US R&D Champions ETF	0.38%	0.42%	2.44%

Frequently Asked Questions

Can I hold both USRD and BUFX in my portfolio?

USRD and BUFX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USRD or BUFX?

On fees, USRD is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USRD or BUFX?

USRD is cheaper with a 0.29% expense ratio, compared with 0.96% for BUFX.

Which ETF pays a higher dividend yield, USRD or BUFX?

USRD has the higher dividend yield at 0.38%, compared with 0.00% for BUFX.

What is the main difference between USRD and BUFX?

USRD is categorized as Large Cap Blend Equities, while BUFX is Defined Outcome. They also come from different issuers: Themes and First Trust. Their fees differ too: 0.29% for USRD and 0.96% for BUFX.