R2SC.L vs. CUSS.L
R2SC.L (SPDR Russell 2000 US Small Cap UCITS ETF) and CUSS.L (iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF USD (Acc)) are both Small Cap Blend Equities funds - R2SC.L tracks the Russell 2000 TR USD while CUSS.L tracks the MSCI USA Small Cap ESG Enhanced CTB Index. Both are passively managed. Over the past 10 years, R2SC.L returned 10.30%/yr vs 10.58%/yr for CUSS.L. Their correlation of 0.93 suggests significant overlap in exposure. R2SC.L charges 0.30%/yr vs 0.43%/yr for CUSS.L.
Performance
R2SC.L vs. CUSS.L - Performance Comparison
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Different Trading Currencies
R2SC.L is traded in GBP, while CUSS.L is traded in USD. To make them comparable, the CUSS.L 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 CUSS.L's 16.43% return. Both investments have delivered pretty close results over the past 10 years, with R2SC.L having a 10.30% annualized return and CUSS.L not far ahead at 10.58%.
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%
CUSS.L
- 1D
- 0.00%
- 1M
- -2.10%
- 6M
- 11.12%
- YTD
- 16.43%
- 1Y
- 28.47%
- 3Y*
- 12.93%
- 5Y*
- 7.96%
- 10Y*
- 10.58%
R2SC.L vs. CUSS.L - 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% |
CUSS.L iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF USD (Acc) | 16.43% | 2.30% | 11.72% | 11.84% | -7.30% | 19.67% | 15.07% | 21.58% | -5.62% | 6.06% |
Correlation
The correlation between R2SC.L and CUSS.L is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2014 | 0.93 |
The correlation between R2SC.L and CUSS.L has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
R2SC.L vs. CUSS.L — Risk / Return Rank
R2SC.L
CUSS.L
R2SC.L vs. CUSS.L - 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 iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF USD (Acc) (CUSS.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.
| R2SC.L | CUSS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.33 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 4.52 | -0.61 |
| Martin ratioReturn relative to average drawdown | 11.37 | 13.69 | -2.33 |
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Drawdowns
R2SC.L vs. CUSS.L - Drawdown Comparison
The maximum R2SC.L drawdown since its inception was -44.96%, which is greater than CUSS.L's maximum drawdown of -35.69%. Use the drawdown chart below to compare losses from any high point for R2SC.L and CUSS.L.
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Drawdown Indicators
| R2SC.L | CUSS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.96% | -35.69% | -9.27% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -6.87% | -1.76% |
Max Drawdown (3Y)Largest decline over 3 years | -30.00% | -29.20% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -30.00% | -29.20% | -0.80% |
Max Drawdown (10Y)Largest decline over 10 years | -35.03% | -35.69% | +0.66% |
Current DrawdownCurrent decline from peak | -3.67% | -4.86% | +1.19% |
Average DrawdownAverage peak-to-trough decline | -13.77% | -6.22% | -7.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 2.27% | +0.70% |
Volatility
R2SC.L vs. CUSS.L - Volatility Comparison
The current volatility for SPDR Russell 2000 US Small Cap UCITS ETF (R2SC.L) is 4.52%, while iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF USD (Acc) (CUSS.L) has a volatility of 4.87%. This indicates that R2SC.L experiences smaller price fluctuations and is considered to be less risky than CUSS.L 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 | CUSS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 4.87% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 12.41% | 12.04% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.32% | 16.29% | +1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.11% | 20.11% | +6.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.82% | 20.42% | +3.40% |
R2SC.L vs. CUSS.L - Expense Ratio Comparison
R2SC.L has a 0.30% expense ratio, which is lower than CUSS.L's 0.43% expense ratio.
Dividends
R2SC.L vs. CUSS.L - Dividend Comparison
Neither R2SC.L nor CUSS.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, R2SC.L and CUSS.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, R2SC.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
R2SC.L is cheaper with a 0.30% expense ratio, compared with 0.43% for CUSS.L.
R2SC.L tracks Russell 2000 TR USD, while CUSS.L tracks MSCI USA Small Cap ESG Enhanced CTB Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for R2SC.L and 0.43% for CUSS.L.
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