R2SC.L vs. ^NDX
R2SC.L (SPDR Russell 2000 US Small Cap UCITS ETF) is Small Cap Blend Equities fund tracking the Russell 2000 TR USD, while ^NDX (NASDAQ 100 Index) is an index. Over the past 10 years, R2SC.L returned 11.68%/yr vs 21.52%/yr for ^NDX. At a 0.41 correlation, their price movements are largely independent.
Performance
R2SC.L vs. ^NDX - Performance Comparison
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Different Trading Currencies
R2SC.L is traded in GBP, while ^NDX is traded in USD. To make them comparable, the ^NDX values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, R2SC.L achieves a 23.12% return, which is significantly higher than ^NDX's 19.03% return. Over the past 10 years, R2SC.L has underperformed ^NDX with an annualized return of 11.68%, while ^NDX has yielded a comparatively higher 21.52% annualized return.
R2SC.L
- 1D
- -0.60%
- 1M
- 5.40%
- YTD
- 23.12%
- 6M
- 21.48%
- 1Y
- 45.90%
- 3Y*
- 17.70%
- 5Y*
- 7.20%
- 10Y*
- 11.68%
^NDX
- 1D
- 0.53%
- 1M
- -0.01%
- YTD
- 19.03%
- 6M
- 17.44%
- 1Y
- 37.03%
- 3Y*
- 24.52%
- 5Y*
- 16.63%
- 10Y*
- 21.52%
R2SC.L vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
R2SC.L SPDR Russell 2000 US Small Cap UCITS ETF | 23.12% | 4.66% | 11.88% | 12.16% | -11.55% | 15.87% | 15.73% | 20.67% | -7.45% | 4.45% |
^NDX NASDAQ 100 Index | 19.03% | 11.61% | 27.06% | 46.12% | -25.00% | 27.83% | 43.25% | 32.72% | 4.83% | 20.14% |
Correlation
The correlation between R2SC.L and ^NDX is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2014 | 0.41 |
The correlation between R2SC.L and ^NDX shifts across timeframes, from 0.37 (3 years) to 0.50 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
R2SC.L vs. ^NDX — Risk / Return Rank
R2SC.L
^NDX
R2SC.L vs. ^NDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Russell 2000 US Small Cap UCITS ETF (R2SC.L) and NASDAQ 100 Index (^NDX). 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.
| R2SC.L | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.39 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 5.29 | 3.09 | +2.20 |
| Martin ratioReturn relative to average drawdown | 15.70 | 9.15 | +6.55 |
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Drawdowns
R2SC.L vs. ^NDX - Drawdown Comparison
The maximum R2SC.L drawdown since its inception was -44.96%, which is greater than ^NDX's maximum drawdown of -34.63%. Use the drawdown chart below to compare losses from any high point for R2SC.L and ^NDX.
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Drawdown Indicators
| R2SC.L | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.96% | -34.63% | -10.33% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -12.05% | +3.42% |
Max Drawdown (3Y)Largest decline over 3 years | -30.00% | -24.98% | -5.02% |
Max Drawdown (5Y)Largest decline over 5 years | -30.00% | -28.43% | -1.57% |
Max Drawdown (10Y)Largest decline over 10 years | -35.03% | -28.43% | -6.60% |
Current DrawdownCurrent decline from peak | -0.60% | -3.09% | +2.49% |
Average DrawdownAverage peak-to-trough decline | -13.82% | -5.62% | -8.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 4.06% | -1.14% |
Volatility
R2SC.L vs. ^NDX - Volatility Comparison
The current volatility for SPDR Russell 2000 US Small Cap UCITS ETF (R2SC.L) is 4.31%, while NASDAQ 100 Index (^NDX) has a volatility of 8.49%. This indicates that R2SC.L experiences smaller price fluctuations and is considered to be less risky than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| R2SC.L | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 8.49% | -4.18% |
Volatility (6M)Calculated over the trailing 6-month period | 12.12% | 13.31% | -1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.14% | 17.24% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.10% | 21.61% | +4.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.82% | 22.51% | +1.31% |
Frequently Asked Questions
R2SC.L and ^NDX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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