USRD vs. PHPP.L
USRD (Themes US R&D Champions ETF) and PHPP.L (WisdomTree Physical Precious Metals) are both exchange-traded funds - USRD is a Large Cap Blend Equities fund tracking the Solactive US R&D Champions Index, while PHPP.L is a Precious Metals fund tracking the Precious Metals Basket. Both are passively managed. Over the past year, USRD returned 21.33% vs 33.36% for PHPP.L. At a 0.22 correlation, their price movements are largely independent. USRD charges 0.29%/yr vs 0.44%/yr for PHPP.L.
Performance
USRD vs. PHPP.L - Performance Comparison
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Different Trading Currencies
USRD is traded in USD, while PHPP.L is traded in GBp. To make them comparable, the PHPP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, USRD achieves a 12.31% return, which is significantly higher than PHPP.L's -8.71% return.
USRD
- 1D
- 1.76%
- 1M
- 4.18%
- YTD
- 12.31%
- 6M
- 9.99%
- 1Y
- 21.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PHPP.L
- 1D
- -0.36%
- 1M
- -16.12%
- YTD
- -8.71%
- 6M
- -3.35%
- 1Y
- 33.36%
- 3Y*
- 24.82%
- 5Y*
- 9.53%
- 10Y*
- 11.28%
USRD vs. PHPP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
USRD Themes US R&D Champions ETF | 12.31% | 12.44% | 15.53% | 5.32% |
PHPP.L WisdomTree Physical Precious Metals | -8.71% | 85.47% | 15.31% | 5.64% |
Correlation
The correlation between USRD and PHPP.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023 | 0.22 |
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Return for Risk
USRD vs. PHPP.L — Risk / Return Rank
USRD
PHPP.L
USRD vs. PHPP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes US R&D Champions ETF (USRD) and WisdomTree Physical Precious Metals (PHPP.L). 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 | PHPP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.20 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.05 | +0.54 |
| Martin ratioReturn relative to average drawdown | 4.81 | 2.72 | +2.09 |
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Drawdowns
USRD vs. PHPP.L - Drawdown Comparison
The maximum USRD drawdown since its inception was -23.79%, smaller than the maximum PHPP.L drawdown of -70.33%. Use the drawdown chart below to compare losses from any high point for USRD and PHPP.L.
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Drawdown Indicators
| USRD | PHPP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.79% | -70.33% | +46.54% |
Max Drawdown (1Y)Largest decline over 1 year | -13.49% | -31.77% | +18.28% |
Max Drawdown (3Y)Largest decline over 3 years | — | -31.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.77% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.77% | — |
Current DrawdownCurrent decline from peak | -7.42% | -31.77% | +24.35% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -37.55% | +33.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.45% | 12.25% | -7.80% |
Volatility
USRD vs. PHPP.L - Volatility Comparison
The current volatility for Themes US R&D Champions ETF (USRD) is 8.08%, while WisdomTree Physical Precious Metals (PHPP.L) has a volatility of 8.59%. This indicates that USRD experiences smaller price fluctuations and is considered to be less risky than PHPP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USRD | PHPP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.08% | 8.59% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 14.50% | 31.09% | -16.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.70% | 33.71% | -16.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.49% | 23.53% | -4.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.49% | 20.89% | -1.40% |
USRD vs. PHPP.L - Expense Ratio Comparison
USRD has a 0.29% expense ratio, which is lower than PHPP.L's 0.44% expense ratio.
Dividends
USRD vs. PHPP.L - Dividend Comparison
USRD's dividend yield for the trailing twelve months is around 0.38%, while PHPP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
PHPP.L WisdomTree Physical Precious Metals | 0.00% | 0.00% | 0.00% |
USRD Themes US R&D Champions ETF | 0.38% | 0.42% | 2.44% |
Frequently Asked Questions
USRD and PHPP.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
USRD is cheaper with a 0.29% expense ratio, compared with 0.44% for PHPP.L.
USRD is categorized as Large Cap Blend Equities, while PHPP.L is Precious Metals. USRD tracks Solactive US R&D Champions Index, while PHPP.L tracks Precious Metals Basket. They also come from different issuers: Themes and WisdomTree. Their fees differ too: 0.29% for USRD and 0.44% for PHPP.L.
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