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SPDR Russell 2000 US Small Cap UCITS ETF (R2US.L)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
IE00BJ38QD84
Inception Date
Jun 30, 2014
Leveraged
1x (No leverage)
Index Tracked
Russell 2000 Index
Domicile
Ireland
Distribution Policy
Accumulating
Asset Class
Equity
Asset Class Size
Small-Cap
Asset Class Style
Blend

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in SPDR Russell 2000 US Small Cap UCITS ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

SPDR Russell 2000 US Small Cap UCITS ETF (R2US.L) has returned -1.47% so far this year and 23.78% over the past 12 months. Over the last ten years, R2US.L has returned 9.27% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.


SPDR Russell 2000 US Small Cap UCITS ETF

1D
0.36%
1M
-6.73%
YTD
-1.47%
6M
1.98%
1Y
23.78%
3Y*
12.03%
5Y*
2.79%
10Y*
9.27%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jul 2, 2014, R2US.L's average daily return is +0.04%, while the average monthly return is +0.77%. At this rate, your investment would double in approximately 7.5 years.

Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +18.6%, while the worst month was Mar 2020 at -21.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.

On a daily basis, R2US.L closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +9.5%, while the worst single day was Mar 12, 2020 at -11.1%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20264.59%1.00%-6.73%-1.47%
20253.29%-7.25%-6.65%-2.60%6.29%5.23%2.18%6.36%2.51%2.05%1.31%0.11%12.34%
2024-3.68%3.57%4.10%-6.70%3.32%-0.15%10.52%-2.53%1.30%-0.59%10.20%-7.82%10.15%
20239.56%-0.39%-5.67%-1.57%-1.94%9.16%5.80%-4.46%-5.89%-7.49%9.43%13.66%18.73%
2022-11.20%3.33%1.93%-8.65%-2.69%-8.37%10.06%-1.07%-7.76%8.30%-0.48%-4.35%-21.12%
20216.14%5.77%-0.02%3.00%-0.24%1.92%-3.53%1.92%-1.88%3.38%-4.63%2.39%14.48%

Benchmark Metrics

SPDR Russell 2000 US Small Cap UCITS ETF has an annualized alpha of 2.86%, beta of 0.61, and R² of 0.25 versus S&P 500 Index. Calculated based on daily prices since July 03, 2014.

  • This ETF participated in 114.00% of S&P 500 Index downside but only 103.49% of its upside — more exposed to losses than it benefited from rallies.
  • Beta of 0.61 may look defensive, but with R² of 0.25 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
  • R² of 0.25 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
2.86%
Beta
0.61
0.25
Upside Capture
103.49%
Downside Capture
114.00%

Expense Ratio

R2US.L has an expense ratio of 0.30%, placing it in the medium range.


Return for Risk

Risk / Return Rank

R2US.L ranks 60 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.


R2US.L Risk / Return Rank: 6060
Overall Rank
R2US.L Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
R2US.L Sortino Ratio Rank: 6363
Sortino Ratio Rank
R2US.L Omega Ratio Rank: 5454
Omega Ratio Rank
R2US.L Calmar Ratio Rank: 5959
Calmar Ratio Rank
R2US.L Martin Ratio Rank: 5959
Martin Ratio Rank
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.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for SPDR Russell 2000 US Small Cap UCITS ETF (R2US.L) and compare them to a chosen benchmark (S&P 500 Index).


R2US.LBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.14

0.90

+0.24

Sortino ratio

Return per unit of downside risk

1.64

1.39

+0.26

Omega ratio

Gain probability vs. loss probability

1.21

1.21

0.00

Calmar ratio

Return relative to maximum drawdown

1.58

1.40

+0.18

Martin ratio

Return relative to average drawdown

5.99

6.61

-0.62

Explore R2US.L risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History


SPDR Russell 2000 US Small Cap UCITS ETF doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the SPDR Russell 2000 US Small Cap UCITS ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the SPDR Russell 2000 US Small Cap UCITS ETF was 42.19%, occurring on Mar 23, 2020. Recovery took 160 trading sessions.

The current SPDR Russell 2000 US Small Cap UCITS ETF drawdown is 9.95%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-42.19%Sep 4, 2018394Mar 23, 2020160Nov 9, 2020554
-32.04%Nov 9, 2021150Jun 16, 2022606Nov 7, 2024756
-28.95%Nov 26, 202494Apr 9, 2025111Sep 18, 2025205
-26.23%Jun 23, 2015164Feb 11, 2016192Nov 14, 2016356
-11.79%Jul 4, 201473Oct 15, 201448Dec 22, 2014121

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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