LGEU.L vs. RTWO.L
LGEU.L (L&G Europe ex UK Equity UCITS ETF) and RTWO.L (L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc) are both exchange-traded funds - LGEU.L is a Europe Equities fund tracking the L&G Europe ex UK Equity UCITS ETF, 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 5 years, LGEU.L returned 9.66%/yr vs 9.13%/yr for RTWO.L. A 0.64 correlation means they provide meaningful diversification when combined. LGEU.L charges 0.10%/yr vs 0.30%/yr for RTWO.L.
Performance
LGEU.L vs. RTWO.L - Performance Comparison
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Different Trading Currencies
LGEU.L 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, LGEU.L achieves a 10.65% return, which is significantly lower than RTWO.L's 22.97% return.
LGEU.L
- 1D
- -0.63%
- 1M
- 0.36%
- 6M
- 6.63%
- YTD
- 10.65%
- 1Y
- 20.38%
- 3Y*
- 14.31%
- 5Y*
- 9.66%
- 10Y*
- —
RTWO.L
- 1D
- 0.09%
- 1M
- 2.21%
- 6M
- 16.11%
- YTD
- 22.97%
- 1Y
- 34.80%
- 3Y*
- 15.51%
- 5Y*
- 9.13%
- 10Y*
- 10.78%
LGEU.L vs. RTWO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LGEU.L L&G Europe ex UK Equity UCITS ETF | 10.65% | 19.94% | 6.68% | 17.97% | -11.77% | 24.90% | 1.53% | 30.71% | -9.44% |
RTWO.L L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc | 22.97% | -1.88% | 16.44% | 16.45% | -13.64% | 28.13% | 9.94% | 27.31% | -15.25% |
Correlation
The correlation between LGEU.L and RTWO.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.64 |
The correlation between LGEU.L and RTWO.L has been stable across timeframes, ranging from 0.59 to 0.64 - a consistent structural relationship.
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Return for Risk
LGEU.L vs. RTWO.L — Risk / Return Rank
LGEU.L
RTWO.L
LGEU.L vs. RTWO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Europe ex UK Equity UCITS ETF (LGEU.L) 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.
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.
| LGEU.L | RTWO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.34 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 4.82 | -2.69 |
| Martin ratioReturn relative to average drawdown | 8.15 | 14.12 | -5.98 |
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Drawdowns
LGEU.L vs. RTWO.L - Drawdown Comparison
The maximum LGEU.L drawdown since its inception was -34.27%, smaller than the maximum RTWO.L drawdown of -51.06%. Use the drawdown chart below to compare losses from any high point for LGEU.L and RTWO.L.
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Drawdown Indicators
| LGEU.L | RTWO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.27% | -51.06% | +16.79% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -7.18% | -2.74% |
Max Drawdown (3Y)Largest decline over 3 years | -16.41% | -30.45% | +14.04% |
Max Drawdown (5Y)Largest decline over 5 years | -22.68% | -30.45% | +7.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.93% | — |
Current DrawdownCurrent decline from peak | -2.52% | -1.99% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -9.45% | +4.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 2.46% | +0.14% |
Volatility
LGEU.L vs. RTWO.L - Volatility Comparison
The current volatility for L&G Europe ex UK Equity UCITS ETF (LGEU.L) is 3.68%, while L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (RTWO.L) has a volatility of 4.84%. This indicates that LGEU.L 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.
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Volatility by Period
| LGEU.L | RTWO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 4.84% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 11.29% | 12.88% | -1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.72% | 17.44% | -3.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.08% | 20.76% | -5.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.99% | 21.61% | -4.62% |
LGEU.L vs. RTWO.L - Expense Ratio Comparison
LGEU.L has a 0.10% expense ratio, which is lower than RTWO.L's 0.30% expense ratio.
Dividends
LGEU.L vs. RTWO.L - Dividend Comparison
Neither LGEU.L nor RTWO.L has paid dividends to shareholders.
Frequently Asked Questions
LGEU.L and RTWO.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGEU.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGEU.L is cheaper with a 0.10% expense ratio, compared with 0.30% for RTWO.L.
LGEU.L is categorized as Europe Equities, while RTWO.L is Small Cap Blend Equities. LGEU.L tracks L&G Europe ex UK Equity UCITS ETF, while RTWO.L tracks Russell 2000 0.4 Quality Target Exposure Factor Index. Their fees differ too: 0.10% for LGEU.L and 0.30% for RTWO.L.
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