USRD
Themes US R&D Champions ETF
The Themes US R&D Champions ETF aims to provide investors with exposure to U.S. companies that prioritize research and development, driving innovation and economic growth.
US
EQUITY
Passive
MANAGEMENT STYLE
$ 1.2 M
ASSETS UNDER MGMT
29 bp
EXPENSES
Fund Basics
| Inception date | Dec 12, 2023 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| DATADOG INC CLASS A | 3.3 % |
| ARM HOLDINGS PLC | 3.0 % |
| SUPER MICRO COMPUTER, INC. | 3.0 % |
| FORTINET INC | 2.9 % |
| PALO ALTO NETWORKS INC | 2.8 % |
| ADVANCED MICRO DEVICES | 2.6 % |
| SERVICENOW INC | 2.5 % |
| ORACLE CORP | 2.5 % |
| QUALCOMM INC | 2.5 % |
| CISCO SYSTEMS INC | 2.3 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 201 |
| Wgt avg mkt cap (mns) | $427,484 |
| Large cap (>$10bn) | 99.7% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 97.6% |
| Emerging mkts. | 1.7% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 93.5 % |
 |
BRITAIN | 3.0 % |
 |
ARGENTINA | 1.7 % |
 |
SWITZERLAND | 1.7 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 17.9% | 30.7% | 18.1% | -- | -- | -- | -- | 19.3% |
| Dividend Yield | 0.0% | 0.6% | 1.7% | -- | -- | -- | -- | 1.4% |
| Total Returns | 17.9% | 31.3% | 19.8% | -- | -- | -- | -- | 20.7% | Ann. Volatility | 19.8% | 16.6% | 19.9% | -- | -- | -- | -- | 19.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.23 | 77% |
| MSCI EAFE | 0.74 | 44% |
| MSCI Emg Mkts | 0.59 | 50% |
Liquidity Measures
| Avg. volume (000) | 0 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.21% |
Technical Indicators
| 30d moving avg. (EMA) | $36.00 |
| Relative strength (RSI) | 70 |
| MACD/Signal | 1.08/0.92 |
| Bollinger Bands (Upper/Lower) | $38.64/$34.50 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. USRD |
Expenses vs. USRD |
ALTAR Score™ vs. USRD |
|---|---|---|---|---|
| QQEW | First Trust Nasdaq-100 Equal Weighted Index Fund | 51.4% | +29 bp | -0.4% |
| QFRD | Pacer S&P 500 Quality FCF R&D Leaders ETF | 46.3% | +20 bp | +0.8% |
| QQQG | Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF | 45.4% | +20 bp | -1.0% |
| QTEC | First Trust NASDAQ-100 Technology Sector Index Fund | 45.4% | +28 bp | -1.4% |
| DRUP | GraniteShares Nasdaq Select Disruptors ETF | 42.5% | +31 bp | -0.2% |
| RSPT | Invesco S&P 500 Equal Weight Technology ETF | 40.8% | +11 bp | -0.2% |
| XNTK | State Street SPDR NYSE Technology ETF | 39.0% | +6 bp | -1.4% |
| RND | First Trust Bloomberg R&D Leaders ETF | 36.4% | +31 bp | -1.1% |
| IETC | iShares U.S. Tech Independence Focused ETF | 35.8% | -11 bp | -0.6% |
| AGIX | KraneShares Artificial Intelligence and Technology ETF | 35.3% | +70 bp | -2.6% |
Risk and Returns: USRD vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/1/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
4.2%
ALTAR SCORE™
31st
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,400 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. USRD's ALTAR Score™ is approximately -0.5 standard
deviations above the category average. This places USRD in the 31st percentile
among funds in the category.
Sell-Side Consensus
$44.04
PRICE TARGET
+12.2%
UPSIDE