GLAD.L vs. RTYS.L

Last updated Jun 4, 2026

GLAD.L (SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc)) and RTYS.L (Invesco Russell 2000 UCITS ETF) are both exchange-traded funds - GLAD.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg USD, while RTYS.L is a Small Cap Blend Equities fund tracking the Russell 2000 TR USD. Both are passively managed. Over the past 5 years, GLAD.L returned 0.62%/yr vs 5.95%/yr for RTYS.L. At a 0.07 correlation, their price movements are largely independent. GLAD.L charges 0.10%/yr vs 0.25%/yr for RTYS.L.

Performance

GLAD.L vs. RTYS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (GLAD.L) and Invesco Russell 2000 UCITS ETF (RTYS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLAD.L achieves a 0.39% return, which is significantly lower than RTYS.L's 16.53% return.

GLAD.L

• 1D: -0.40%
• 1M: 0.15%
• YTD: 0.39%
• 6M: 0.51%
• 1Y: 3.45%
• 3Y*: 4.04%
• 5Y*: 0.62%
• 10Y*: —

RTYS.L

• 1D: -1.07%
• 1M: 3.46%
• YTD: 16.53%
• 6M: 16.96%
• 1Y: 39.75%
• 3Y*: 18.26%
• 5Y*: 5.95%
• 10Y*: 10.67%

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

GLAD.L vs. RTYS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GLAD.L SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc)	0.39%	4.72%	3.23%	6.73%	-11.24%	-1.59%	5.21%	-0.04%
RTYS.L Invesco Russell 2000 UCITS ETF	16.53%	12.51%	10.09%	18.90%	-21.01%	13.97%	19.89%	9.30%

Correlation

The correlation between GLAD.L and RTYS.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (All Time) Calculated using the full available price history since Oct 14, 2019	0.07

Over the past year, GLAD.L and RTYS.L have become more correlated (0.31) than their long-term average of 0.07, meaning their price movements have been converging.

Return for Risk

GLAD.L vs. RTYS.L — Risk / Return Rank

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

GLAD.L

GLAD.L Risk / Return Rank: 30
GLAD.L Sharpe Ratio Rank: 30
GLAD.L Sortino Ratio Rank: 29
GLAD.L Omega Ratio Rank: 29
GLAD.L Calmar Ratio Rank: 31
GLAD.L Martin Ratio Rank: 31

RTYS.L

RTYS.L Risk / Return Rank: 66
RTYS.L Sharpe Ratio Rank: 63
RTYS.L Sortino Ratio Rank: 66
RTYS.L Omega Ratio Rank: 58
RTYS.L Calmar Ratio Rank: 75
RTYS.L Martin Ratio Rank: 67

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.

GLAD.L vs. RTYS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (GLAD.L) and Invesco Russell 2000 UCITS ETF (RTYS.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.

	GLAD.L	RTYS.L	Difference
Sharpe ratio: Return per unit of total volatility	1.08	2.13	-1.05
Sortino ratio: Return per unit of downside risk	1.57	3.03	-1.47
Omega ratio: Gain probability vs. loss probability	1.20	1.36	-0.16
Calmar ratio: Return relative to maximum drawdown	1.49	3.74	-2.25
Martin ratio: Return relative to average drawdown	4.57	12.22	-7.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLAD.L vs. RTYS.L - Sharpe Ratio Comparison

The current GLAD.L Sharpe Ratio is 1.08, which is lower than the RTYS.L Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of GLAD.L and RTYS.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

	GLAD.L	RTYS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	2.13	-1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	0.27	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.55	-0.33

Drawdowns

GLAD.L vs. RTYS.L - Drawdown Comparison

The maximum GLAD.L drawdown since its inception was -15.20%, smaller than the maximum RTYS.L drawdown of -42.15%. Use the drawdown chart below to compare losses from any high point for GLAD.L and RTYS.L.

Drawdown Indicators

	GLAD.L	RTYS.L	Difference
Max Drawdown Largest peak-to-trough decline	-15.20%	-42.15%	+26.95%
Max Drawdown (1Y) Largest decline over 1 year	-2.30%	-10.57%	+8.27%
Max Drawdown (3Y) Largest decline over 3 years	-3.78%	-28.71%	+24.93%
Max Drawdown (5Y) Largest decline over 5 years	-15.05%	-31.97%	+16.92%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.15%	—
Current Drawdown Current decline from peak	-1.16%	-1.24%	+0.08%
Average Drawdown Average peak-to-trough decline	-4.55%	-9.15%	+4.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.75%	3.24%	-2.49%

Volatility

GLAD.L vs. RTYS.L - Volatility Comparison

The current volatility for SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (GLAD.L) is 1.38%, while Invesco Russell 2000 UCITS ETF (RTYS.L) has a volatility of 6.29%. This indicates that GLAD.L experiences smaller price fluctuations and is considered to be less risky than RTYS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLAD.L	RTYS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.38%	6.29%	-4.91%
Volatility (6M) Calculated over the trailing 6-month period	2.65%	13.46%	-10.81%
Volatility (1Y) Calculated over the trailing 1-year period	3.19%	18.68%	-15.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.48%	22.27%	-17.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.27%	22.16%	-17.89%

GLAD.L vs. RTYS.L - Expense Ratio Comparison

GLAD.L has a 0.10% expense ratio, which is lower than RTYS.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

GLAD.L vs. RTYS.L - Dividend Comparison

Neither GLAD.L nor RTYS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GLAD.L and RTYS.L in my portfolio?

GLAD.L and RTYS.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GLAD.L or RTYS.L?

On fees, GLAD.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GLAD.L or RTYS.L?

GLAD.L is cheaper with a 0.10% expense ratio, compared with 0.25% for RTYS.L.

What is the main difference between GLAD.L and RTYS.L?

GLAD.L is categorized as Global Bonds, while RTYS.L is Small Cap Blend Equities. GLAD.L tracks Bloomberg Global Aggregate TR Hdg USD, while RTYS.L tracks Russell 2000 TR USD. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.10% for GLAD.L and 0.25% for RTYS.L.