R2SC.L vs. ^SP400
R2SC.L (SPDR Russell 2000 US Small Cap UCITS ETF) is Small Cap Blend Equities fund tracking the Russell 2000 TR USD, while ^SP400 (S&P 400 Index) is an index. Over the past 10 years, R2SC.L returned 10.30%/yr vs 9.08%/yr for ^SP400. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
R2SC.L vs. ^SP400 - Performance Comparison
Loading charts...
Different Trading Currencies
R2SC.L is traded in GBP, while ^SP400 is traded in USD. To make them comparable, the ^SP400 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 19.64% return, which is significantly higher than ^SP400's 13.85% return. Over the past 10 years, R2SC.L has outperformed ^SP400 with an annualized return of 10.30%, while ^SP400 has yielded a comparatively lower 9.08% annualized return.
R2SC.L
- 1D
- -0.12%
- 1M
- -0.19%
- 6M
- 13.03%
- YTD
- 19.64%
- 1Y
- 33.89%
- 3Y*
- 15.65%
- 5Y*
- 7.84%
- 10Y*
- 10.30%
^SP400
- 1D
- -1.01%
- 1M
- -1.66%
- 6M
- 8.06%
- YTD
- 13.85%
- 1Y
- 19.61%
- 3Y*
- 10.99%
- 5Y*
- 7.99%
- 10Y*
- 9.08%
R2SC.L vs. ^SP400 - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
R2SC.L SPDR Russell 2000 US Small Cap UCITS ETF | 19.64% | 4.66% | 11.88% | 12.16% | -11.55% | 15.87% | 15.73% | 20.67% | -7.45% | 4.45% |
^SP400 S&P 400 Index | 13.85% | -1.64% | 14.16% | 8.73% | -4.32% | 24.38% | 8.52% | 19.33% | -7.31% | 4.55% |
Correlation
The correlation between R2SC.L and ^SP400 is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2014 | 0.60 |
The correlation between R2SC.L and ^SP400 has been stable across timeframes, ranging from 0.58 to 0.60 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
R2SC.L vs. ^SP400 — Risk / Return Rank
R2SC.L
^SP400
R2SC.L vs. ^SP400 - 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 S&P 400 Index (^SP400). 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 | ^SP400 | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.24 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 2.42 | +1.49 |
| Martin ratioReturn relative to average drawdown | 11.37 | 8.49 | +2.88 |
Loading charts...
Drawdowns
R2SC.L vs. ^SP400 - Drawdown Comparison
The maximum R2SC.L drawdown since its inception was -44.96%, which is greater than ^SP400's maximum drawdown of -38.17%. Use the drawdown chart below to compare losses from any high point for R2SC.L and ^SP400.
Loading charts...
Drawdown Indicators
| R2SC.L | ^SP400 | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.96% | -38.17% | -6.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -8.14% | -0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -30.00% | -25.72% | -4.28% |
Max Drawdown (5Y)Largest decline over 5 years | -30.00% | -25.72% | -4.28% |
Max Drawdown (10Y)Largest decline over 10 years | -35.03% | -35.41% | +0.38% |
Current DrawdownCurrent decline from peak | -3.67% | -3.87% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -13.77% | -6.67% | -7.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 2.32% | +0.65% |
Volatility
R2SC.L vs. ^SP400 - Volatility Comparison
SPDR Russell 2000 US Small Cap UCITS ETF (R2SC.L) has a higher volatility of 4.52% compared to S&P 400 Index (^SP400) at 3.53%. This indicates that R2SC.L's price experiences larger fluctuations and is considered to be riskier than ^SP400 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| R2SC.L | ^SP400 | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 3.53% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 12.41% | 10.89% | +1.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.32% | 14.98% | +2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.11% | 18.41% | +7.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.82% | 20.56% | +3.26% |
Frequently Asked Questions
R2SC.L and ^SP400 have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for R2SC.L and ^SP400
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer