USRD vs. MWMIX
USRD (Themes US R&D Champions ETF) and MWMIX (VanEck Morningstar Wide Moat Fund) are both Large Cap Blend Equities funds. Over the past year, USRD returned 21.33% vs 10.84% for MWMIX. A 0.74 correlation means they provide meaningful diversification when combined. USRD charges 0.29%/yr vs 0.59%/yr for MWMIX.
Performance
USRD vs. MWMIX - Performance Comparison
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Returns By Period
In the year-to-date period, USRD achieves a 12.31% return, which is significantly higher than MWMIX's -2.27% return.
USRD
- 1D
- 1.76%
- 1M
- 4.18%
- YTD
- 12.31%
- 6M
- 9.99%
- 1Y
- 21.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MWMIX
- 1D
- -1.27%
- 1M
- 1.37%
- YTD
- -2.27%
- 6M
- -3.51%
- 1Y
- 10.84%
- 3Y*
- 8.67%
- 5Y*
- 6.28%
- 10Y*
- —
USRD vs. MWMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
USRD Themes US R&D Champions ETF | 12.31% | 12.44% | 15.53% | 5.32% |
MWMIX VanEck Morningstar Wide Moat Fund | -2.27% | 13.17% | 10.30% | -0.62% |
Correlation
The correlation between USRD and MWMIX 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 USRD and MWMIX has been stable across timeframes, ranging from 0.72 to 0.74 - a consistent structural relationship.
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Return for Risk
USRD vs. MWMIX — Risk / Return Rank
USRD
MWMIX
USRD vs. MWMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes US R&D Champions ETF (USRD) and VanEck Morningstar Wide Moat Fund (MWMIX). 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 | MWMIX | 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 | 1.22 | 1.13 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 0.83 | +0.76 |
| Martin ratioReturn relative to average drawdown | 4.81 | 2.55 | +2.25 |
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Drawdowns
USRD vs. MWMIX - Drawdown Comparison
The maximum USRD drawdown since its inception was -23.79%, smaller than the maximum MWMIX drawdown of -33.03%. Use the drawdown chart below to compare losses from any high point for USRD and MWMIX.
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Drawdown Indicators
| USRD | MWMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.79% | -33.03% | +9.24% |
Max Drawdown (1Y)Largest decline over 1 year | -13.49% | -12.42% | -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 | -7.42% | -5.96% | -1.46% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -4.79% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.45% | 4.04% | +0.41% |
Volatility
USRD vs. MWMIX - Volatility Comparison
Themes US R&D Champions ETF (USRD) has a higher volatility of 8.08% compared to VanEck Morningstar Wide Moat Fund (MWMIX) at 4.07%. This indicates that USRD's price experiences larger fluctuations and is considered to be riskier than MWMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USRD | MWMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.08% | 4.07% | +4.01% |
Volatility (6M)Calculated over the trailing 6-month period | 14.50% | 9.97% | +4.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.70% | 13.95% | +3.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.49% | 18.66% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.49% | 20.46% | -0.97% |
USRD vs. MWMIX - Expense Ratio Comparison
USRD has a 0.29% expense ratio, which is lower than MWMIX's 0.59% expense ratio.
Dividends
USRD vs. MWMIX - Dividend Comparison
USRD's dividend yield for the trailing twelve months is around 0.38%, less than MWMIX's 12.76% 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
USRD and MWMIX 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, USRD dropped -23.79% vs MWMIX's -33.03%.
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.
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