USRD vs. USPX
Compare and contrast key facts about Themes US R&D Champions ETF (USRD) and Franklin U.S. Equity Index ETF (USPX).
USRD and USPX 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. USPX is a passively managed fund by Franklin Templeton that tracks the performance of the Morningstar US Target Market Exposure Index. It was launched on Jun 1, 2016. Both USRD and USPX 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. USPX - Performance Comparison
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USRD vs. USPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
USRD Themes US R&D Champions ETF | -5.32% | 12.44% | 15.53% | 3.66% |
USPX Franklin U.S. Equity Index ETF | -3.95% | 17.78% | 24.97% | 1.29% |
Returns By Period
In the year-to-date period, USRD achieves a -5.32% return, which is significantly lower than USPX's -3.95% return.
USRD
- 1D
- 0.72%
- 1M
- -5.18%
- YTD
- -5.32%
- 6M
- -5.65%
- 1Y
- 14.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USPX
- 1D
- 0.69%
- 1M
- -4.30%
- YTD
- -3.95%
- 6M
- -1.97%
- 1Y
- 17.94%
- 3Y*
- 18.60%
- 5Y*
- 10.45%
- 10Y*
- —
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USRD vs. USPX - Expense Ratio Comparison
USRD has a 0.29% expense ratio, which is higher than USPX's 0.03% expense ratio.
Return for Risk
USRD vs. USPX — Risk / Return Rank
USRD
USPX
USRD vs. USPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes US R&D Champions ETF (USRD) and Franklin U.S. Equity Index ETF (USPX). 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 | USPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 0.96 | -0.29 |
Sortino ratioReturn per unit of downside risk | 1.08 | 1.49 | -0.41 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.22 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.09 | 1.47 | -0.38 |
Martin ratioReturn relative to average drawdown | 3.28 | 6.97 | -3.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USRD | USPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.96 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.71 | -0.12 |
Correlation
The correlation between USRD and USPX is 0.89, 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. USPX - Dividend Comparison
USRD's dividend yield for the trailing twelve months is around 0.45%, less than USPX's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
USRD Themes US R&D Champions ETF | 0.45% | 0.42% | 2.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USPX Franklin U.S. Equity Index ETF | 1.19% | 1.07% | 1.23% | 1.35% | 2.21% | 2.40% | 2.51% | 3.07% | 2.91% | 2.60% | 4.89% |
Drawdowns
USRD vs. USPX - Drawdown Comparison
The maximum USRD drawdown since its inception was -23.79%, smaller than the maximum USPX drawdown of -31.21%. Use the drawdown chart below to compare losses from any high point for USRD and USPX.
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Drawdown Indicators
| USRD | USPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.79% | -31.21% | +7.42% |
Max Drawdown (1Y)Largest decline over 1 year | -13.49% | -12.48% | -1.01% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.60% | — |
Current DrawdownCurrent decline from peak | -10.03% | -5.81% | -4.22% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -4.51% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.48% | 2.63% | +1.85% |
Volatility
USRD vs. USPX - Volatility Comparison
Themes US R&D Champions ETF (USRD) has a higher volatility of 6.71% compared to Franklin U.S. Equity Index ETF (USPX) at 5.37%. This indicates that USRD's price experiences larger fluctuations and is considered to be riskier than USPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USRD | USPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.71% | 5.37% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 12.70% | 9.73% | +2.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.03% | 18.75% | +3.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.13% | 16.15% | +2.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.13% | 15.98% | +3.15% |