USRD vs. URAN

Last updated Jul 18, 2026

USRD (Themes US R&D Champions ETF) and URAN (Themes Uranium & Nuclear ETF) are both exchange-traded funds - USRD is a Large Cap Blend Equities fund tracking the Solactive US R&D Champions Index, while URAN is a Uranium fund tracking the BITA Global Uranium and Nuclear Select Index. Both are passively managed. Over the past year, USRD returned 14.15% vs -5.53% for URAN. A 0.53 correlation means they provide meaningful diversification when combined. USRD charges 0.29%/yr vs 0.35%/yr for URAN.

Performance

USRD vs. URAN - Performance Comparison

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

Returns By Period

In the year-to-date period, USRD achieves a 12.05% return, which is significantly higher than URAN's -13.34% return.

USRD

• 1D: -1.29%
• 1M: 0.38%
• 6M: 11.14%
• YTD: 12.05%
• 1Y: 14.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

URAN

• 1D: -0.47%
• 1M: -11.56%
• 6M: -26.01%
• YTD: -13.34%
• 1Y: -5.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USRD vs. URAN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
USRD Themes US R&D Champions ETF	12.05%	12.44%	-1.77%
URAN Themes Uranium & Nuclear ETF	-13.34%	49.05%	3.89%

Correlation

The correlation between USRD and URAN is 0.53, 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	0.53
Correlation (All Time) Calculated using the full available price history since Sep 24, 2024	0.53

The correlation between USRD and URAN has been stable across timeframes, ranging from 0.53 to 0.53 - a consistent structural relationship.

Return for Risk

USRD vs. URAN — Risk / Return Rank

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

USRD

USRD Risk / Return Rank: 27
USRD Sharpe Ratio Rank: 28
USRD Sortino Ratio Rank: 27
USRD Omega Ratio Rank: 26
USRD Calmar Ratio Rank: 28
USRD Martin Ratio Rank: 28

URAN

URAN Risk / Return Rank: 8
URAN Sharpe Ratio Rank: 8
URAN Sortino Ratio Rank: 9
URAN Omega Ratio Rank: 9
URAN Calmar Ratio Rank: 8
URAN Martin Ratio Rank: 8

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. URAN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes US R&D Champions ETF (USRD) and Themes Uranium & Nuclear ETF (URAN). 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	URAN	Difference
Sharpe ratio: Return per unit of total volatility	0.79	-0.14	+0.93
Sortino ratio: Return per unit of downside risk	1.20	0.08	+1.12
Omega ratio: Gain probability vs. loss probability	1.15	1.01	+0.14
Calmar ratio: Return relative to maximum drawdown	1.05	-0.16	+1.22
Martin ratio: Return relative to average drawdown	2.91	-0.34	+3.25

USRD vs. URAN - Sharpe Ratio Comparison

The current USRD Sharpe Ratio is 0.79, which is higher than the URAN Sharpe Ratio of -0.14. The chart below compares the historical Sharpe Ratios of USRD and URAN, 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. URAN - Drawdown Comparison

The maximum USRD drawdown since its inception was -23.79%, smaller than the maximum URAN drawdown of -34.22%. Use the drawdown chart below to compare losses from any high point for USRD and URAN.

Drawdown Indicators

	USRD	URAN	Difference
Max Drawdown Largest peak-to-trough decline	-23.79%	-34.22%	+10.43%
Max Drawdown (1Y) Largest decline over 1 year	-13.49%	-34.22%	+20.73%
Current Drawdown Current decline from peak	-7.63%	-34.22%	+26.59%
Average Drawdown Average peak-to-trough decline	-3.81%	-11.93%	+8.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.88%	16.16%	-11.28%

Volatility

USRD vs. URAN - Volatility Comparison

The current volatility for Themes US R&D Champions ETF (USRD) is 4.84%, while Themes Uranium & Nuclear ETF (URAN) has a volatility of 7.78%. This indicates that USRD experiences smaller price fluctuations and is considered to be less risky than URAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USRD	URAN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.84%	7.78%	-2.94%
Volatility (6M) Calculated over the trailing 6-month period	14.97%	29.76%	-14.79%
Volatility (1Y) Calculated over the trailing 1-year period	18.02%	39.80%	-21.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.41%	39.05%	-19.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.41%	39.05%	-19.64%

USRD vs. URAN - Expense Ratio Comparison

USRD has a 0.29% expense ratio, which is lower than URAN's 0.35% expense ratio.

Dividends

USRD vs. URAN - Dividend Comparison

USRD's dividend yield for the trailing twelve months is around 0.38%, less than URAN's 2.96% yield.

Position	TTM	2025	2024
URAN Themes Uranium & Nuclear ETF	2.96%	2.56%	0.21%
USRD Themes US R&D Champions ETF	0.38%	0.42%	2.44%

Frequently Asked Questions

Can I hold both USRD and URAN in my portfolio?

USRD and URAN have a correlation of 0.53, 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 URAN?

URAN has higher volatility (7.78%) compared to USRD (4.84%). In terms of maximum drawdown, USRD dropped -23.79% vs URAN's -34.22%.

Which ETF is better, USRD or URAN?

On 1-year performance, USRD leads with 14.15% vs -5.53% for URAN. On fees, USRD is cheaper at 0.29% per year. On volatility, USRD has been the lower-risk option at 4.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USRD or URAN?

Over the 1-year period, USRD has performed better with a 14.15% return vs -5.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USRD or URAN?

USRD is cheaper with a 0.29% expense ratio, compared with 0.35% for URAN.

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

URAN has the higher dividend yield at 2.96%, compared with 0.38% for USRD.

What is the main difference between USRD and URAN?

USRD is categorized as Large Cap Blend Equities, while URAN is Uranium. USRD tracks Solactive US R&D Champions Index, while URAN tracks BITA Global Uranium and Nuclear Select Index. Their fees differ too: 0.29% for USRD and 0.35% for URAN.

Which has better risk-adjusted returns?

USRD currently has the higher Sharpe Ratio (0.79 vs -0.14), 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.