ECAR.L vs. R2SC.L

Last updated Jul 16, 2026

ECAR.L (iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc)) and R2SC.L (SPDR Russell 2000 US Small Cap UCITS ETF) are both exchange-traded funds - ECAR.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while R2SC.L is a Small Cap Blend Equities fund tracking the Russell 2000 TR USD. Both are passively managed. Over the past 5 years, ECAR.L returned 10.77%/yr vs 7.49%/yr for R2SC.L. A 0.74 correlation means they provide meaningful diversification when combined. ECAR.L charges 0.40%/yr vs 0.30%/yr for R2SC.L.

Performance

ECAR.L vs. R2SC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (ECAR.L) and SPDR Russell 2000 US Small Cap UCITS ETF (R2SC.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ECAR.L is traded in USD, while R2SC.L is traded in GBP. To make them comparable, the R2SC.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ECAR.L achieves a 38.96% return, which is significantly higher than R2SC.L's 20.33% return.

ECAR.L

• 1D: -1.21%
• 1M: -11.13%
• 6M: 34.95%
• YTD: 38.96%
• 1Y: 56.58%
• 3Y*: 17.50%
• 5Y*: 10.77%
• 10Y*: —

R2SC.L

• 1D: 1.02%
• 1M: 0.72%
• 6M: 13.83%
• YTD: 20.33%
• 1Y: 35.43%
• 3Y*: 16.94%
• 5Y*: 7.49%
• 10Y*: 10.60%

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

ECAR.L vs. R2SC.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ECAR.L iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc)	38.96%	24.27%	-0.92%	27.13%	-27.28%	16.16%	33.68%	6.58%
R2SC.L SPDR Russell 2000 US Small Cap UCITS ETF	20.33%	12.55%	10.01%	18.08%	-21.00%	14.82%	19.27%	7.01%

Correlation

The correlation between ECAR.L and R2SC.L is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019	0.74

The correlation between ECAR.L and R2SC.L has been stable across timeframes, ranging from 0.67 to 0.74 - a consistent structural relationship.

ECAR.L vs. R2SC.L - Sectors Allocation Comparison

Sectors	ECAR.L	R2SC.L
Technology	55.4%	19.2%
Consumer Cyclical	28.7%	7.9%
Industrials	15.2%	17.9%
Basic Materials	0.2%	4.7%
Communication Services	-	2.5%
Consumer Defensive	-	2.2%
Energy	-	5.3%
Financial Services	-	15.5%
Healthcare	-	16.3%
Real Estate	-	5.9%
Utilities	-	2.7%

Return for Risk

ECAR.L vs. R2SC.L — Risk / Return Rank

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

ECAR.L

ECAR.L Risk / Return Rank: 76
ECAR.L Sharpe Ratio Rank: 77
ECAR.L Sortino Ratio Rank: 74
ECAR.L Omega Ratio Rank: 69
ECAR.L Calmar Ratio Rank: 86
ECAR.L Martin Ratio Rank: 72

R2SC.L

R2SC.L Risk / Return Rank: 77
R2SC.L Sharpe Ratio Rank: 76
R2SC.L Sortino Ratio Rank: 75
R2SC.L Omega Ratio Rank: 69
R2SC.L Calmar Ratio Rank: 87
R2SC.L Martin Ratio Rank: 76

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.

ECAR.L vs. R2SC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (ECAR.L) and SPDR Russell 2000 US Small Cap UCITS ETF (R2SC.L). 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.

	ECAR.L	R2SC.L	Difference
Sharpe ratio: Return per unit of total volatility	1.97	1.93	+0.04
Sortino ratio: Return per unit of downside risk	2.68	2.81	-0.13
Omega ratio: Gain probability vs. loss probability	1.33	1.32	+0.01
Calmar ratio: Return relative to maximum drawdown	3.86	3.40	+0.46
Martin ratio: Return relative to average drawdown	10.64	10.84	-0.20

ECAR.L vs. R2SC.L - Sharpe Ratio Comparison

The current ECAR.L Sharpe Ratio is 1.97, which is comparable to the R2SC.L Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of ECAR.L and R2SC.L, 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

ECAR.L vs. R2SC.L - Drawdown Comparison

The maximum ECAR.L drawdown since its inception was -42.77%, smaller than the maximum R2SC.L drawdown of -52.69%. Use the drawdown chart below to compare losses from any high point for ECAR.L and R2SC.L.

Drawdown Indicators

	ECAR.L	R2SC.L	Difference
Max Drawdown Largest peak-to-trough decline	-42.77%	-52.69%	+9.92%
Max Drawdown (1Y) Largest decline over 1 year	-14.58%	-10.38%	-4.20%
Max Drawdown (3Y) Largest decline over 3 years	-29.31%	-28.63%	-0.68%
Max Drawdown (5Y) Largest decline over 5 years	-36.21%	-32.25%	-3.96%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.74%	—
Current Drawdown Current decline from peak	-13.65%	-1.79%	-11.86%
Average Drawdown Average peak-to-trough decline	-11.50%	-21.88%	+10.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.30%	3.26%	+2.04%

Volatility

ECAR.L vs. R2SC.L - Volatility Comparison

iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (ECAR.L) has a higher volatility of 10.14% compared to SPDR Russell 2000 US Small Cap UCITS ETF (R2SC.L) at 4.32%. This indicates that ECAR.L's price experiences larger fluctuations and is considered to be riskier than R2SC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ECAR.L	R2SC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.14%	4.32%	+5.82%
Volatility (6M) Calculated over the trailing 6-month period	25.01%	13.29%	+11.72%
Volatility (1Y) Calculated over the trailing 1-year period	28.66%	18.31%	+10.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.39%	27.37%	-1.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.96%	24.76%	+1.20%

ECAR.L vs. R2SC.L - Expense Ratio Comparison

ECAR.L has a 0.40% expense ratio, which is higher than R2SC.L's 0.30% expense ratio.

Dividends

ECAR.L vs. R2SC.L - Dividend Comparison

Neither ECAR.L nor R2SC.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ECAR.L and R2SC.L in my portfolio?

ECAR.L and R2SC.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ECAR.L or R2SC.L?

On fees, R2SC.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ECAR.L or R2SC.L?

R2SC.L is cheaper with a 0.30% expense ratio, compared with 0.40% for ECAR.L.

What is the main difference between ECAR.L and R2SC.L?

ECAR.L is categorized as Technology Equities, while R2SC.L is Small Cap Blend Equities. ECAR.L tracks MSCI World/Information Tech NR USD, while R2SC.L tracks Russell 2000 TR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.40% for ECAR.L and 0.30% for R2SC.L.