USRD vs. DJUN

Last updated Apr 2, 2026

Compare and contrast key facts about Themes US R&D Champions ETF (USRD) and FT Cboe Vest U.S. Equity Deep Buffer ETF - June (DJUN).

USRD and DJUN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USRD is a passively managed fund by Themes that tracks the performance of the Solactive US R&D Champions Index. It was launched on Dec 12, 2023. DJUN is a passively managed fund by First Trust that tracks the performance of the Cboe S&P 500 30% (-5% to -35%) Buffer Protect June Series Index. It was launched on Jun 19, 2020. Both USRD and DJUN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

USRD vs. DJUN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes US R&D Champions ETF (USRD) and FT Cboe Vest U.S. Equity Deep Buffer ETF - June (DJUN). The values are adjusted to include any dividend payments, if applicable.

USRD vs. DJUN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
USRD Themes US R&D Champions ETF	-5.32%	12.44%	15.53%	3.66%
DJUN FT Cboe Vest U.S. Equity Deep Buffer ETF - June	-0.21%	9.38%	13.92%	0.90%

Returns By Period

In the year-to-date period, USRD achieves a -5.32% return, which is significantly lower than DJUN's -0.21% return.

USRD

• 1D: 0.72%
• 1M: -5.18%
• YTD: -5.32%
• 6M: -5.65%
• 1Y: 14.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DJUN

• 1D: 0.43%
• 1M: -0.96%
• YTD: -0.21%
• 6M: 1.56%
• 1Y: 12.29%
• 3Y*: 11.49%
• 5Y*: 7.44%
• 10Y*: —

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

USRD vs. DJUN - Expense Ratio Comparison

USRD has a 0.29% expense ratio, which is lower than DJUN's 0.85% expense ratio.

DJUN

FT Cboe Vest U.S. Equity Deep Buffer ETF - June

USRD

Themes US R&D Champions ETF

Return for Risk

USRD vs. DJUN — Risk / Return Rank

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

USRD

USRD Risk / Return Rank: 34
USRD Sharpe Ratio Rank: 33
USRD Sortino Ratio Rank: 34
USRD Omega Ratio Rank: 34
USRD Calmar Ratio Rank: 36
USRD Martin Ratio Rank: 32

DJUN

DJUN Risk / Return Rank: 69
DJUN Sharpe Ratio Rank: 66
DJUN Sortino Ratio Rank: 69
DJUN Omega Ratio Rank: 81
DJUN Calmar Ratio Rank: 54
DJUN Martin Ratio Rank: 73

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. DJUN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes US R&D Champions ETF (USRD) and FT Cboe Vest U.S. Equity Deep Buffer ETF - June (DJUN). 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.

	USRD	DJUN	Difference
Sharpe ratio Return per unit of total volatility	0.67	1.22	-0.55
Sortino ratio Return per unit of downside risk	1.08	1.85	-0.76
Omega ratio Gain probability vs. loss probability	1.15	1.33	-0.18
Calmar ratio Return relative to maximum drawdown	1.09	1.53	-0.45
Martin ratio Return relative to average drawdown	3.28	8.47	-5.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USRD vs. DJUN - Sharpe Ratio Comparison

The current USRD Sharpe Ratio is 0.67, which is lower than the DJUN Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of USRD and DJUN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	USRD	DJUN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	1.22	-0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.97	-0.38

Correlation

The correlation between USRD and DJUN is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

USRD vs. DJUN - Dividend Comparison

USRD's dividend yield for the trailing twelve months is around 0.45%, while DJUN has not paid dividends to shareholders.

	TTM	2025	2024
USRD Themes US R&D Champions ETF	0.45%	0.42%	2.44%
DJUN FT Cboe Vest U.S. Equity Deep Buffer ETF - June	0.00%	0.00%	0.00%

Drawdowns

USRD vs. DJUN - Drawdown Comparison

The maximum USRD drawdown since its inception was -23.79%, which is greater than DJUN's maximum drawdown of -11.96%. Use the drawdown chart below to compare losses from any high point for USRD and DJUN.

Drawdown Indicators

	USRD	DJUN	Difference
Max Drawdown Largest peak-to-trough decline	-23.79%	-11.96%	-11.83%
Max Drawdown (1Y) Largest decline over 1 year	-13.49%	-7.33%	-6.16%
Max Drawdown (5Y) Largest decline over 5 years	—	-11.96%	—
Current Drawdown Current decline from peak	-10.03%	-1.18%	-8.85%
Average Drawdown Average peak-to-trough decline	-3.81%	-1.64%	-2.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.48%	1.33%	+3.15%

Volatility

USRD vs. DJUN - Volatility Comparison

Themes US R&D Champions ETF (USRD) has a higher volatility of 6.71% compared to FT Cboe Vest U.S. Equity Deep Buffer ETF - June (DJUN) at 2.86%. This indicates that USRD's price experiences larger fluctuations and is considered to be riskier than DJUN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USRD	DJUN	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.71%	2.86%	+3.85%
Volatility (6M) Calculated over the trailing 6-month period	12.70%	3.79%	+8.91%
Volatility (1Y) Calculated over the trailing 1-year period	22.03%	10.23%	+11.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.13%	8.50%	+10.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.13%	8.16%	+10.97%