ENDH.DE vs. RTWO.L

Last updated Jun 5, 2026

ENDH.DE (L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc) and RTWO.L (L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc) are both exchange-traded funds - ENDH.DE is a Emerging Markets Bonds fund tracking the J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity (EUR Hedged), while RTWO.L is a Small Cap Blend Equities fund tracking the Russell 2000 0.4 Quality Target Exposure Factor Index. Both are passively managed. Over the past 3 years, ENDH.DE returned 6.26%/yr vs 14.71%/yr for RTWO.L. At a 0.32 correlation, their price movements are largely independent. ENDH.DE charges 0.28%/yr vs 0.30%/yr for RTWO.L.

Performance

ENDH.DE vs. RTWO.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc (ENDH.DE) and L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (RTWO.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ENDH.DE is traded in EUR, while RTWO.L is traded in USD. To make them comparable, the RTWO.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ENDH.DE achieves a -0.08% return, which is significantly lower than RTWO.L's 18.07% return.

ENDH.DE

• 1D: 0.37%
• 1M: -1.14%
• YTD: -0.08%
• 6M: 0.41%
• 1Y: 3.85%
• 3Y*: 6.26%
• 5Y*: —
• 10Y*: —

RTWO.L

• 1D: 1.05%
• 1M: 3.64%
• YTD: 18.07%
• 6M: 16.68%
• 1Y: 33.05%
• 3Y*: 14.71%
• 5Y*: 8.19%
• 10Y*: 10.98%

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

ENDH.DE vs. RTWO.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ENDH.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc	-0.08%	7.89%	6.59%	5.41%	-2.17%
RTWO.L L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc	18.07%	-1.88%	16.44%	16.46%	-0.60%

Correlation

The correlation between ENDH.DE and RTWO.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (All Time) Calculated using the full available price history since May 12, 2022	0.32

Return for Risk

ENDH.DE vs. RTWO.L — Risk / Return Rank

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

ENDH.DE

ENDH.DE Risk / Return Rank: 32
ENDH.DE Sharpe Ratio Rank: 26
ENDH.DE Sortino Ratio Rank: 26
ENDH.DE Omega Ratio Rank: 30
ENDH.DE Calmar Ratio Rank: 36
ENDH.DE Martin Ratio Rank: 41

RTWO.L

RTWO.L Risk / Return Rank: 67
RTWO.L Sharpe Ratio Rank: 63
RTWO.L Sortino Ratio Rank: 67
RTWO.L Omega Ratio Rank: 59
RTWO.L Calmar Ratio Rank: 77
RTWO.L Martin Ratio Rank: 69

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.

ENDH.DE vs. RTWO.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc (ENDH.DE) and L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (RTWO.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.

	ENDH.DE	RTWO.L	Difference
Sharpe ratio: Return per unit of total volatility	0.92	1.91	-0.99
Sortino ratio: Return per unit of downside risk	1.37	2.67	-1.30
Omega ratio: Gain probability vs. loss probability	1.20	1.33	-0.13
Calmar ratio: Return relative to maximum drawdown	1.73	4.58	-2.85
Martin ratio: Return relative to average drawdown	6.28	13.10	-6.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ENDH.DE vs. RTWO.L - Sharpe Ratio Comparison

The current ENDH.DE Sharpe Ratio is 0.92, which is lower than the RTWO.L Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of ENDH.DE and RTWO.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.

Sharpe Ratios by Period

	ENDH.DE	RTWO.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.92	1.91	-0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.39	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.62	+0.25

Drawdowns

ENDH.DE vs. RTWO.L - Drawdown Comparison

The maximum ENDH.DE drawdown since its inception was -6.78%, smaller than the maximum RTWO.L drawdown of -40.93%. Use the drawdown chart below to compare losses from any high point for ENDH.DE and RTWO.L.

Drawdown Indicators

	ENDH.DE	RTWO.L	Difference
Max Drawdown Largest peak-to-trough decline	-6.78%	-40.93%	+34.15%
Max Drawdown (1Y) Largest decline over 1 year	-2.21%	-7.18%	+4.97%
Max Drawdown (3Y) Largest decline over 3 years	-2.71%	-30.46%	+27.75%
Max Drawdown (5Y) Largest decline over 5 years	—	-30.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.93%	—
Current Drawdown Current decline from peak	-1.33%	0.00%	-1.33%
Average Drawdown Average peak-to-trough decline	-1.11%	-7.70%	+6.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.61%	2.52%	-1.91%

Volatility

ENDH.DE vs. RTWO.L - Volatility Comparison

The current volatility for L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc (ENDH.DE) is 2.69%, while L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (RTWO.L) has a volatility of 5.01%. This indicates that ENDH.DE experiences smaller price fluctuations and is considered to be less risky than RTWO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENDH.DE	RTWO.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	5.01%	-2.32%
Volatility (6M) Calculated over the trailing 6-month period	3.74%	12.09%	-8.35%
Volatility (1Y) Calculated over the trailing 1-year period	4.17%	17.26%	-13.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.89%	20.76%	-15.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.89%	21.65%	-16.76%

ENDH.DE vs. RTWO.L - Expense Ratio Comparison

ENDH.DE has a 0.28% expense ratio, which is lower than RTWO.L's 0.30% expense ratio.

Dividends

ENDH.DE vs. RTWO.L - Dividend Comparison

Neither ENDH.DE nor RTWO.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ENDH.DE and RTWO.L in my portfolio?

ENDH.DE and RTWO.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ENDH.DE or RTWO.L?

On fees, ENDH.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ENDH.DE or RTWO.L?

ENDH.DE is cheaper with a 0.28% expense ratio, compared with 0.30% for RTWO.L.

What is the main difference between ENDH.DE and RTWO.L?

ENDH.DE is categorized as Emerging Markets Bonds, while RTWO.L is Small Cap Blend Equities. ENDH.DE tracks J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity (EUR Hedged), while RTWO.L tracks Russell 2000 0.4 Quality Target Exposure Factor Index. They also come from different issuers: Legal & General and L&G. Their fees differ too: 0.28% for ENDH.DE and 0.30% for RTWO.L.