USRD vs. VVGM.DE
USRD (Themes US R&D Champions ETF) and VVGM.DE (VanEck Morningstar Global Wide Moat UCITS ETF) are both exchange-traded funds - USRD is a Large Cap Blend Equities fund tracking the Solactive US R&D Champions Index, while VVGM.DE is a Global Equities fund tracking the Morningstar Global Wide Moat Focus. Both are passively managed. Over the past year, USRD returned 21.33% vs 7.98% for VVGM.DE. At a 0.48 correlation, their price movements are largely independent. USRD charges 0.29%/yr vs 0.52%/yr for VVGM.DE.
Performance
USRD vs. VVGM.DE - Performance Comparison
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Different Trading Currencies
USRD is traded in USD, while VVGM.DE is traded in EUR. To make them comparable, the VVGM.DE 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 VVGM.DE's -0.61% return.
USRD
- 1D
- 1.76%
- 1M
- 4.18%
- YTD
- 12.31%
- 6M
- 9.99%
- 1Y
- 21.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VVGM.DE
- 1D
- 0.74%
- 1M
- 1.00%
- YTD
- -0.61%
- 6M
- -0.06%
- 1Y
- 7.98%
- 3Y*
- 13.25%
- 5Y*
- 6.42%
- 10Y*
- —
USRD vs. VVGM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
USRD Themes US R&D Champions ETF | 12.31% | 12.44% | 15.53% | 5.32% |
VVGM.DE VanEck Morningstar Global Wide Moat UCITS ETF | -0.61% | 26.06% | 9.49% | 4.79% |
Correlation
The correlation between USRD and VVGM.DE is 0.54, 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 | 0.54 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023 | 0.48 |
The correlation between USRD and VVGM.DE has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.
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Return for Risk
USRD vs. VVGM.DE — Risk / Return Rank
USRD
VVGM.DE
USRD vs. VVGM.DE - 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 Global Wide Moat UCITS ETF (VVGM.DE). 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 | VVGM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.13 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 0.74 | +0.85 |
| Martin ratioReturn relative to average drawdown | 4.81 | 2.44 | +2.37 |
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Drawdowns
USRD vs. VVGM.DE - Drawdown Comparison
The maximum USRD drawdown since its inception was -23.79%, roughly equal to the maximum VVGM.DE drawdown of -24.01%. Use the drawdown chart below to compare losses from any high point for USRD and VVGM.DE.
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Drawdown Indicators
| USRD | VVGM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.79% | -24.01% | +0.22% |
Max Drawdown (1Y)Largest decline over 1 year | -13.49% | -12.59% | -0.90% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.94% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.01% | — |
Current DrawdownCurrent decline from peak | -7.42% | -5.87% | -1.55% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -5.36% | +1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.45% | 3.80% | +0.65% |
Volatility
USRD vs. VVGM.DE - Volatility Comparison
Themes US R&D Champions ETF (USRD) has a higher volatility of 8.08% compared to VanEck Morningstar Global Wide Moat UCITS ETF (VVGM.DE) at 4.56%. This indicates that USRD's price experiences larger fluctuations and is considered to be riskier than VVGM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USRD | VVGM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.08% | 4.56% | +3.52% |
Volatility (6M)Calculated over the trailing 6-month period | 14.50% | 11.40% | +3.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.70% | 13.79% | +3.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.49% | 15.55% | +3.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.49% | 15.51% | +3.98% |
USRD vs. VVGM.DE - Expense Ratio Comparison
USRD has a 0.29% expense ratio, which is lower than VVGM.DE's 0.52% expense ratio.
Dividends
USRD vs. VVGM.DE - Dividend Comparison
USRD's dividend yield for the trailing twelve months is around 0.38%, while VVGM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
USRD Themes US R&D Champions ETF | 0.38% | 0.42% | 2.44% |
VVGM.DE VanEck Morningstar Global Wide Moat UCITS ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
USRD and VVGM.DE have a correlation of 0.54, 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 0.52% for VVGM.DE.
USRD is categorized as Large Cap Blend Equities, while VVGM.DE is Global Equities. USRD tracks Solactive US R&D Champions Index, while VVGM.DE tracks Morningstar Global Wide Moat Focus. They also come from different issuers: Themes and VanEck. Their fees differ too: 0.29% for USRD and 0.52% for VVGM.DE.
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