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R2SC.L vs. IUKD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

R2SC.L vs. IUKD.L

Last updated Jun 5, 2026

R2SC.L (SPDR Russell 2000 US Small Cap UCITS ETF) and IUKD.L (iShares UK Dividend UCITS ETF) are both exchange-traded funds - R2SC.L is a Small Cap Blend Equities fund tracking the Russell 2000 TR USD, while IUKD.L is a Dividend fund tracking the FTSE UK Dividend+ Index. Both are passively managed. Over the past 10 years, R2SC.L returned 11.46%/yr vs 7.03%/yr for IUKD.L. A 0.51 correlation means they provide meaningful diversification when combined. R2SC.L charges 0.30%/yr vs 0.40%/yr for IUKD.L.

Performance

R2SC.L vs. IUKD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR Russell 2000 US Small Cap UCITS ETF (R2SC.L) and iShares UK Dividend UCITS ETF (IUKD.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

R2SC.L is traded in GBP, while IUKD.L is traded in GBp. To make them comparable, the IUKD.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 18.02% return, which is significantly higher than IUKD.L's 7.22% return. Over the past 10 years, R2SC.L has outperformed IUKD.L with an annualized return of 11.46%, while IUKD.L has yielded a comparatively lower 7.03% annualized return.

R2SC.L

1D
1.16%
1M
4.52%
YTD
18.02%
6M
15.96%
1Y
42.36%
3Y*
15.55%
5Y*
7.28%
10Y*
11.46%

IUKD.L

1D
0.49%
1M
1.90%
YTD
7.22%
6M
9.76%
1Y
24.68%
3Y*
18.89%
5Y*
11.88%
10Y*
7.03%
*Multi-year figures are annualized to reflect compound growth (CAGR)

R2SC.L vs. IUKD.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
R2SC.L
SPDR Russell 2000 US Small Cap UCITS ETF		18.02%4.66%11.86%12.18%-11.55%15.87%15.73%20.67%-7.45%4.45%
IUKD.L
iShares UK Dividend UCITS ETF		7.22%32.12%12.27%5.81%-1.44%23.43%-17.92%18.86%-14.11%6.92%

Correlation

The correlation between R2SC.L and IUKD.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.36

Correlation (3Y)
Calculated over the trailing 3-year period

0.43

Correlation (5Y)
Calculated over the trailing 5-year period

0.47

Correlation (10Y)
Calculated over the trailing 10-year period

0.49

Correlation (All Time)
Calculated using the full available price history since Jul 3, 2014

0.51

The correlation between R2SC.L and IUKD.L shifts across timeframes, from 0.36 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.

R2SC.L vs. IUKD.L - Sectors Allocation Comparison

Sectors
R2SC.L
IUKD.L

Industrials

17.7%

-

Technology

17.1%

-

Healthcare

16.5%
2.5%

Financial Services

15.7%
41.6%

Consumer Cyclical

8.4%
4.3%

Energy

6.1%
10.0%

Real Estate

6.1%
7.8%

Basic Materials

4.8%
4.8%

Utilities

2.9%
7.8%

Communication Services

2.5%
6.1%

Consumer Defensive

2.4%
15.0%

Industrials

R2SC.L
17.7%
IUKD.L

-

Technology

R2SC.L
17.1%
IUKD.L

-

Healthcare

R2SC.L
16.5%
IUKD.L
2.5%

Financial Services

R2SC.L
15.7%
IUKD.L
41.6%

Consumer Cyclical

R2SC.L
8.4%
IUKD.L
4.3%

Energy

R2SC.L
6.1%
IUKD.L
10.0%

Real Estate

R2SC.L
6.1%
IUKD.L
7.8%

Basic Materials

R2SC.L
4.8%
IUKD.L
4.8%

Utilities

R2SC.L
2.9%
IUKD.L
7.8%

Communication Services

R2SC.L
2.5%
IUKD.L
6.1%

Consumer Defensive

R2SC.L
2.4%
IUKD.L
15.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR Russell 2000 US Small Cap UCITS ETF

iShares UK Dividend UCITS ETF

Often compared with R2SC.L:
R2SC.L vs. USSC.LR2SC.L vs. XRSG.LR2SC.L vs. ^SP400R2SC.L vs. AVUVR2SC.L vs. WSML.LR2SC.L vs. RTYS.LR2SC.L vs. CUS1.L
Often compared with IUKD.L:
IUKD.L vs. VUKE.LIUKD.L vs. UKDV.LIUKD.L vs. CUKX.LIUKD.L vs. LGEN.LIUKD.L vs. IDVY.LIUKD.L vs. FLGBIUKD.L vs. CPJ1.L

Return for Risk

R2SC.L vs. IUKD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
R2SC.L
R2SC.L Risk / Return Rank: 7777
Overall Rank
R2SC.L Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
R2SC.L Sortino Ratio Rank: 7575
Sortino Ratio Rank
R2SC.L Omega Ratio Rank: 7070
Omega Ratio Rank
R2SC.L Calmar Ratio Rank: 8787
Calmar Ratio Rank
R2SC.L Martin Ratio Rank: 7676
Martin Ratio Rank
IUKD.L
IUKD.L Risk / Return Rank: 6161
Overall Rank
IUKD.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IUKD.L Sortino Ratio Rank: 6565
Sortino Ratio Rank
IUKD.L Omega Ratio Rank: 7070
Omega Ratio Rank
IUKD.L Calmar Ratio Rank: 5151
Calmar Ratio Rank
IUKD.L Martin Ratio Rank: 5353
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

R2SC.L vs. IUKD.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 UK Dividend UCITS ETF (IUKD.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.

R2SC.LIUKD.LDifference
Sharpe ratioReturn per unit of total volatility
2.46
2.19

+0.26

Sortino ratioReturn per unit of downside risk
3.32
2.96

+0.36

Omega ratioGain probability vs. loss probability

1.41

1.41

0.00

Calmar ratioReturn relative to maximum drawdown

4.88

2.48

+2.41

Martin ratioReturn relative to average drawdown

14.39

8.97

+5.42

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

R2SC.L vs. IUKD.L - Sharpe Ratio Comparison

The current R2SC.L Sharpe Ratio is 2.46, which is comparable to the IUKD.L Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of R2SC.L and IUKD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

R2SC.LIUKD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.46

2.19

+0.26

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.36

0.86

-0.50

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.55

0.41

+0.14

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.28

+0.27

Drawdowns

R2SC.L vs. IUKD.L - Drawdown Comparison

The maximum R2SC.L drawdown since its inception was -35.03%, smaller than the maximum IUKD.L drawdown of -61.95%. Use the drawdown chart below to compare losses from any high point for R2SC.L and IUKD.L.

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Drawdown Indicators

R2SC.LIUKD.LDifference

Max Drawdown

Largest peak-to-trough decline

-35.03%

-61.95%

+26.92%

Max Drawdown (1Y)

Largest decline over 1 year

-8.63%

-9.92%

+1.29%

Max Drawdown (3Y)

Largest decline over 3 years

-30.00%

-10.52%

-19.48%

Max Drawdown (5Y)

Largest decline over 5 years

-30.00%

-19.93%

-10.07%

Max Drawdown (10Y)

Largest decline over 10 years

-35.03%

-44.34%

+9.31%

Current Drawdown

Current decline from peak

-0.06%

-3.39%

+3.33%

Average Drawdown

Average peak-to-trough decline

-8.51%

-14.97%

+6.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.94%

2.74%

+0.20%

Volatility

R2SC.L vs. IUKD.L - Volatility Comparison

SPDR Russell 2000 US Small Cap UCITS ETF (R2SC.L) has a higher volatility of 5.17% compared to iShares UK Dividend UCITS ETF (IUKD.L) at 3.72%. This indicates that R2SC.L's price experiences larger fluctuations and is considered to be riskier than IUKD.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.LIUKD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.17%

3.72%

+1.45%

Volatility (6M)

Calculated over the trailing 6-month period

11.78%

9.33%

+2.45%

Volatility (1Y)

Calculated over the trailing 1-year period

17.18%

11.21%

+5.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.07%

13.84%

+6.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.78%

17.22%

+3.56%

R2SC.L vs. IUKD.L - Expense Ratio Comparison

R2SC.L has a 0.30% expense ratio, which is lower than IUKD.L's 0.40% expense ratio.

Dividends

R2SC.L vs. IUKD.L - Dividend Comparison

R2SC.L has not paid dividends to shareholders, while IUKD.L's dividend yield for the trailing twelve months is around 4.53%.

PositionTTM20252024202320222021202020192018201720162015
IUKD.L
iShares UK Dividend UCITS ETF		4.53%4.85%5.78%5.34%6.39%5.68%4.11%5.70%6.86%5.19%4.87%5.67%
R2SC.L
SPDR Russell 2000 US Small Cap UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

R2SC.L and IUKD.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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 0.40% for IUKD.L.

R2SC.L is categorized as Small Cap Blend Equities, while IUKD.L is Dividend. R2SC.L tracks Russell 2000 TR USD, while IUKD.L tracks FTSE UK Dividend+ Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for R2SC.L and 0.40% for IUKD.L.

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