R2SC.L vs. 4GLD.DE
R2SC.L (SPDR Russell 2000 US Small Cap UCITS ETF) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - R2SC.L is a Small Cap Blend Equities fund tracking the Russell 2000 TR USD, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, R2SC.L returned 11.53%/yr vs 14.46%/yr for 4GLD.DE. At a 0.02 correlation, their price movements are largely independent. R2SC.L charges 0.30%/yr vs 0.00%/yr for 4GLD.DE.
Performance
R2SC.L vs. 4GLD.DE - Performance Comparison
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Different Trading Currencies
R2SC.L is traded in GBP, while 4GLD.DE is traded in EUR. To make them comparable, the 4GLD.DE 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 16.67% return, which is significantly higher than 4GLD.DE's 1.32% return. Over the past 10 years, R2SC.L has underperformed 4GLD.DE with an annualized return of 11.53%, while 4GLD.DE has yielded a comparatively higher 14.46% annualized return.
R2SC.L
- 1D
- -0.62%
- 1M
- 4.94%
- YTD
- 16.67%
- 6M
- 16.08%
- 1Y
- 40.29%
- 3Y*
- 15.25%
- 5Y*
- 7.03%
- 10Y*
- 11.53%
4GLD.DE
- 1D
- -1.23%
- 1M
- -1.20%
- YTD
- 1.32%
- 6M
- 4.50%
- 1Y
- 33.49%
- 3Y*
- 28.12%
- 5Y*
- 19.86%
- 10Y*
- 14.46%
R2SC.L vs. 4GLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
R2SC.L SPDR Russell 2000 US Small Cap UCITS ETF | 16.67% | 4.66% | 11.86% | 12.18% | -11.55% | 15.87% | 15.73% | 20.67% | -7.45% | 4.45% |
4GLD.DE Xetra-Gold | 1.32% | 57.09% | 28.71% | 7.13% | 12.98% | -3.31% | 19.44% | 14.94% | 4.66% | 2.53% |
Correlation
The correlation between R2SC.L and 4GLD.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2014 | 0.02 |
The correlation between R2SC.L and 4GLD.DE shifts across timeframes, from 0.02 (5 years) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
R2SC.L vs. 4GLD.DE — Risk / Return Rank
R2SC.L
4GLD.DE
R2SC.L vs. 4GLD.DE - 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 Xetra-Gold (4GLD.DE). 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.
| R2SC.L | 4GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.28 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.65 | 1.93 | +2.72 |
| Martin ratioReturn relative to average drawdown | 13.68 | 5.15 | +8.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| R2SC.L | 4GLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 1.44 | +0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 1.21 | -0.86 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.91 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.65 | -0.11 |
Drawdowns
R2SC.L vs. 4GLD.DE - Drawdown Comparison
The maximum R2SC.L drawdown since its inception was -35.03%, smaller than the maximum 4GLD.DE drawdown of -40.90%. Use the drawdown chart below to compare losses from any high point for R2SC.L and 4GLD.DE.
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Drawdown Indicators
| R2SC.L | 4GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.03% | -40.90% | +5.87% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -17.27% | +8.64% |
Max Drawdown (3Y)Largest decline over 3 years | -30.00% | -17.27% | -12.73% |
Max Drawdown (5Y)Largest decline over 5 years | -30.00% | -17.27% | -12.73% |
Max Drawdown (10Y)Largest decline over 10 years | -35.03% | -22.46% | -12.57% |
Current DrawdownCurrent decline from peak | -1.21% | -16.16% | +14.95% |
Average DrawdownAverage peak-to-trough decline | -8.52% | -12.90% | +4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 6.48% | -3.54% |
Volatility
R2SC.L vs. 4GLD.DE - Volatility Comparison
The current volatility for SPDR Russell 2000 US Small Cap UCITS ETF (R2SC.L) is 5.26%, while Xetra-Gold (4GLD.DE) has a volatility of 5.57%. This indicates that R2SC.L experiences smaller price fluctuations and is considered to be less risky than 4GLD.DE 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 | 4GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 5.57% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 11.75% | 20.03% | -8.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.24% | 23.11% | -5.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.06% | 16.20% | +3.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.78% | 15.78% | +5.00% |
R2SC.L vs. 4GLD.DE - Expense Ratio Comparison
R2SC.L has a 0.30% expense ratio, which is higher than 4GLD.DE's 0.00% expense ratio.
Dividends
R2SC.L vs. 4GLD.DE - Dividend Comparison
Neither R2SC.L nor 4GLD.DE has paid dividends to shareholders.
Frequently Asked Questions
R2SC.L and 4GLD.DE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 4GLD.DE is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
4GLD.DE is cheaper with a 0.00% expense ratio, compared with 0.30% for R2SC.L.
R2SC.L is categorized as Small Cap Blend Equities, while 4GLD.DE is Gold. R2SC.L tracks Russell 2000 TR USD, while 4GLD.DE tracks LBMA Gold Price. They also come from different issuers: State Street and Deutsche Börse Commodities. Their fees differ too: 0.30% for R2SC.L and 0.00% for 4GLD.DE.
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