USRD vs. EINC

Last updated Jul 17, 2026

USRD (Themes US R&D Champions ETF) and EINC (VanEck Energy Income ETF) are both exchange-traded funds - USRD is a Large Cap Blend Equities fund tracking the Solactive US R&D Champions Index, while EINC is a Energy Equities fund tracking the MVIS North America Energy Infrastructure Index. Both are passively managed. Over the past year, USRD returned 16.42% vs 33.52% for EINC. At a 0.18 correlation, their price movements are largely independent. USRD charges 0.29%/yr vs 0.45%/yr for EINC.

Performance

USRD vs. EINC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes US R&D Champions ETF (USRD) and VanEck Energy Income ETF (EINC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USRD achieves a 13.51% return, which is significantly lower than EINC's 29.71% return.

USRD

• 1D: -0.26%
• 1M: 0.25%
• 6M: 12.94%
• YTD: 13.51%
• 1Y: 16.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EINC

• 1D: 1.39%
• 1M: 5.79%
• 6M: 28.55%
• YTD: 29.71%
• 1Y: 33.52%
• 3Y*: 29.16%
• 5Y*: 23.13%
• 10Y*: 11.78%

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

USRD vs. EINC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
USRD Themes US R&D Champions ETF	13.51%	12.44%	15.53%	5.32%
EINC VanEck Energy Income ETF	29.71%	7.11%	42.79%	2.92%

Correlation

The correlation between USRD and EINC is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.13
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023	0.18

The correlation between USRD and EINC shifts across timeframes, from -0.13 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.

USRD vs. EINC - Sectors Allocation Comparison

Sectors	USRD	EINC
Technology	64.5%	-
Healthcare	14.3%	-
Consumer Cyclical	7.3%	-
Communication Services	7.0%	-
Industrials	3.6%	0.6%
Consumer Defensive	1.9%	-
Basic Materials	1.7%	-
Real Estate	1.7%	-
Energy	-	99.4%
Financial Services	-	-
Utilities	-	0.6%

Return for Risk

USRD vs. EINC — Risk / Return Rank

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

USRD

USRD Risk / Return Rank: 30
USRD Sharpe Ratio Rank: 31
USRD Sortino Ratio Rank: 30
USRD Omega Ratio Rank: 29
USRD Calmar Ratio Rank: 30
USRD Martin Ratio Rank: 30

EINC

EINC Risk / Return Rank: 82
EINC Sharpe Ratio Rank: 85
EINC Sortino Ratio Rank: 82
EINC Omega Ratio Rank: 81
EINC Calmar Ratio Rank: 89
EINC Martin Ratio Rank: 72

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. EINC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes US R&D Champions ETF (USRD) and VanEck Energy Income ETF (EINC). 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	EINC	Difference
Sharpe ratio: Return per unit of total volatility	0.92	2.18	-1.26
Sortino ratio: Return per unit of downside risk	1.36	2.94	-1.58
Omega ratio: Gain probability vs. loss probability	1.17	1.38	-0.21
Calmar ratio: Return relative to maximum drawdown	1.22	4.27	-3.05
Martin ratio: Return relative to average drawdown	3.39	10.48	-7.08

USRD vs. EINC - Sharpe Ratio Comparison

The current USRD Sharpe Ratio is 0.92, which is lower than the EINC Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of USRD and EINC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

USRD vs. EINC - Drawdown Comparison

The maximum USRD drawdown since its inception was -23.79%, smaller than the maximum EINC drawdown of -87.55%. Use the drawdown chart below to compare losses from any high point for USRD and EINC.

Drawdown Indicators

	USRD	EINC	Difference
Max Drawdown Largest peak-to-trough decline	-23.79%	-87.55%	+63.76%
Max Drawdown (1Y) Largest decline over 1 year	-13.49%	-7.89%	-5.60%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.87%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-68.85%	—
Current Drawdown Current decline from peak	-6.43%	-1.67%	-4.76%
Average Drawdown Average peak-to-trough decline	-3.81%	-43.97%	+40.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.85%	3.21%	+1.64%

Volatility

USRD vs. EINC - Volatility Comparison

The current volatility for Themes US R&D Champions ETF (USRD) is 4.88%, while VanEck Energy Income ETF (EINC) has a volatility of 5.40%. This indicates that USRD experiences smaller price fluctuations and is considered to be less risky than EINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USRD	EINC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.88%	5.40%	-0.52%
Volatility (6M) Calculated over the trailing 6-month period	14.94%	12.38%	+2.56%
Volatility (1Y) Calculated over the trailing 1-year period	17.97%	15.45%	+2.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.41%	19.58%	-0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.41%	25.33%	-5.92%

USRD vs. EINC - Expense Ratio Comparison

USRD has a 0.29% expense ratio, which is lower than EINC's 0.45% expense ratio.

Dividends

USRD vs. EINC - Dividend Comparison

USRD's dividend yield for the trailing twelve months is around 0.37%, less than EINC's 3.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EINC VanEck Energy Income ETF	3.41%	4.51%	3.33%	3.77%	2.89%	6.03%	6.69%	9.66%	11.31%	8.53%	9.71%	28.53%
USRD Themes US R&D Champions ETF	0.37%	0.42%	2.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USRD and EINC in my portfolio?

USRD and EINC have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USRD or EINC?

EINC has higher volatility (5.40%) compared to USRD (4.88%). In terms of maximum drawdown, USRD dropped -23.79% vs EINC's -87.55%.

Which ETF is better, USRD or EINC?

On 1-year performance, EINC leads with 33.52% vs 16.42% for USRD. On fees, USRD is cheaper at 0.29% per year. On volatility, USRD has been the lower-risk option at 4.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USRD or EINC?

Over the 1-year period, EINC has performed better with a 33.52% return vs 16.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USRD or EINC?

USRD is cheaper with a 0.29% expense ratio, compared with 0.45% for EINC.

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

EINC has the higher dividend yield at 3.41%, compared with 0.37% for USRD.

What is the main difference between USRD and EINC?

USRD is categorized as Large Cap Blend Equities, while EINC is Energy Equities. USRD tracks Solactive US R&D Champions Index, while EINC tracks MVIS North America Energy Infrastructure Index. They also come from different issuers: Themes and VanEck. Their fees differ too: 0.29% for USRD and 0.45% for EINC.

Which has better risk-adjusted returns?

EINC currently has the higher Sharpe Ratio (2.18 vs 0.92), 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.