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R2SC.L vs. SPX5.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

R2SC.L vs. SPX5.L

Last updated Jun 4, 2026

R2SC.L (SPDR Russell 2000 US Small Cap UCITS ETF) and SPX5.L (SPDR S&P 500 UCITS ETF) are both exchange-traded funds - R2SC.L is a Small Cap Blend Equities fund tracking the Russell 2000 TR USD, while SPX5.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, R2SC.L returned 11.53%/yr vs 16.32%/yr for SPX5.L. A 0.79 correlation means they provide meaningful diversification when combined. R2SC.L charges 0.30%/yr vs 0.09%/yr for SPX5.L.

Performance

R2SC.L vs. SPX5.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 SPDR S&P 500 UCITS ETF (SPX5.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, R2SC.L achieves a 16.67% return, which is significantly higher than SPX5.L's 10.48% return. Over the past 10 years, R2SC.L has underperformed SPX5.L with an annualized return of 11.53%, while SPX5.L has yielded a comparatively higher 16.32% 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%

SPX5.L

1D
-0.28%
1M
5.91%
YTD
10.48%
6M
10.36%
1Y
29.09%
3Y*
19.31%
5Y*
14.91%
10Y*
16.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

R2SC.L vs. SPX5.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
SPX5.L
SPDR S&P 500 UCITS ETF		10.48%9.34%27.47%19.75%-9.01%30.96%13.52%26.74%-0.04%11.63%

Correlation

The correlation between R2SC.L and SPX5.L is 0.72, 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

0.72

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

0.68

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

0.73

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

0.77

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

0.79

The correlation between R2SC.L and SPX5.L shifts across timeframes, from 0.68 (3 years) to 0.79 (all time), reflecting how their relationship changes across market environments.

R2SC.L vs. SPX5.L - Sectors Allocation Comparison

Sectors
R2SC.L
SPX5.L

Industrials

17.7%
8.3%

Technology

17.1%
35.6%

Healthcare

16.5%
8.5%

Financial Services

15.7%
11.8%

Consumer Cyclical

8.4%
10.1%

Energy

6.1%
3.5%

Real Estate

6.1%
1.9%

Basic Materials

4.8%
1.8%

Utilities

2.9%
2.3%

Communication Services

2.5%
11.2%

Consumer Defensive

2.4%
4.9%

Industrials

R2SC.L
17.7%
SPX5.L
8.3%

Technology

R2SC.L
17.1%
SPX5.L
35.6%

Healthcare

R2SC.L
16.5%
SPX5.L
8.5%

Financial Services

R2SC.L
15.7%
SPX5.L
11.8%

Consumer Cyclical

R2SC.L
8.4%
SPX5.L
10.1%

Energy

R2SC.L
6.1%
SPX5.L
3.5%

Real Estate

R2SC.L
6.1%
SPX5.L
1.9%

Basic Materials

R2SC.L
4.8%
SPX5.L
1.8%

Utilities

R2SC.L
2.9%
SPX5.L
2.3%

Communication Services

R2SC.L
2.5%
SPX5.L
11.2%

Consumer Defensive

R2SC.L
2.4%
SPX5.L
4.9%

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SPDR Russell 2000 US Small Cap UCITS ETF

SPDR S&P 500 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 SPX5.L:
SPX5.L vs. SPYSPX5.L vs. SPXP.LSPX5.L vs. VUSA.DESPX5.L vs. VUSA.LSPX5.L vs. VOOSPX5.L vs. IUSA.LSPX5.L vs. EQQQ.L

Return for Risk

R2SC.L vs. SPX5.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: 7272
Overall Rank
R2SC.L Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
R2SC.L Sortino Ratio Rank: 6969
Sortino Ratio Rank
R2SC.L Omega Ratio Rank: 6464
Omega Ratio Rank
R2SC.L Calmar Ratio Rank: 8585
Calmar Ratio Rank
R2SC.L Martin Ratio Rank: 7373
Martin Ratio Rank
SPX5.L
SPX5.L Risk / Return Rank: 8181
Overall Rank
SPX5.L Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
SPX5.L Sortino Ratio Rank: 8181
Sortino Ratio Rank
SPX5.L Omega Ratio Rank: 8484
Omega Ratio Rank
SPX5.L Calmar Ratio Rank: 7979
Calmar Ratio Rank
SPX5.L Martin Ratio Rank: 7777
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. SPX5.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 SPDR S&P 500 UCITS ETF (SPX5.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.LSPX5.LDifference
Sharpe ratioReturn per unit of total volatility
2.34
2.76

-0.42

Sortino ratioReturn per unit of downside risk
3.19
3.70

-0.51

Omega ratioGain probability vs. loss probability

1.39

1.52

-0.13

Calmar ratioReturn relative to maximum drawdown

4.65

4.09

+0.55

Martin ratioReturn relative to average drawdown

13.68

15.04

-1.36

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. SPX5.L - Sharpe Ratio Comparison

The current R2SC.L Sharpe Ratio is 2.34, which is comparable to the SPX5.L Sharpe Ratio of 2.76. The chart below compares the historical Sharpe Ratios of R2SC.L and SPX5.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.LSPX5.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.34

2.76

-0.42

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.35

1.05

-0.70

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.55

1.05

-0.50

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

1.04

-0.49

Drawdowns

R2SC.L vs. SPX5.L - Drawdown Comparison

The maximum R2SC.L drawdown since its inception was -35.03%, which is greater than SPX5.L's maximum drawdown of -25.45%. Use the drawdown chart below to compare losses from any high point for R2SC.L and SPX5.L.

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Drawdown Indicators

R2SC.LSPX5.LDifference

Max Drawdown

Largest peak-to-trough decline

-35.03%

-25.45%

-9.58%

Max Drawdown (1Y)

Largest decline over 1 year

-8.63%

-7.07%

-1.56%

Max Drawdown (3Y)

Largest decline over 3 years

-30.00%

-20.90%

-9.10%

Max Drawdown (5Y)

Largest decline over 5 years

-30.00%

-20.90%

-9.10%

Max Drawdown (10Y)

Largest decline over 10 years

-35.03%

-25.45%

-9.58%

Current Drawdown

Current decline from peak

-1.21%

-0.28%

-0.93%

Average Drawdown

Average peak-to-trough decline

-8.52%

-3.18%

-5.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.94%

1.93%

+1.01%

Volatility

R2SC.L vs. SPX5.L - Volatility Comparison

SPDR Russell 2000 US Small Cap UCITS ETF (R2SC.L) has a higher volatility of 5.26% compared to SPDR S&P 500 UCITS ETF (SPX5.L) at 2.67%. This indicates that R2SC.L's price experiences larger fluctuations and is considered to be riskier than SPX5.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.LSPX5.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.26%

2.67%

+2.59%

Volatility (6M)

Calculated over the trailing 6-month period

11.75%

7.17%

+4.58%

Volatility (1Y)

Calculated over the trailing 1-year period

17.24%

10.57%

+6.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.06%

14.22%

+5.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.78%

15.52%

+5.26%

R2SC.L vs. SPX5.L - Expense Ratio Comparison

R2SC.L has a 0.30% expense ratio, which is higher than SPX5.L's 0.09% expense ratio.

Dividends

R2SC.L vs. SPX5.L - Dividend Comparison

R2SC.L has not paid dividends to shareholders, while SPX5.L's dividend yield for the trailing twelve months is around 0.89%.

PositionTTM20252024202320222021202020192018201720162015
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%
SPX5.L
SPDR S&P 500 UCITS ETF		0.89%0.98%1.04%1.21%1.39%0.98%1.40%1.76%1.71%2.36%1.49%1.68%

Frequently Asked Questions

R2SC.L and SPX5.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SPX5.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SPX5.L is cheaper with a 0.09% expense ratio, compared with 0.30% for R2SC.L.

R2SC.L is categorized as Small Cap Blend Equities, while SPX5.L is S&P 500. R2SC.L tracks Russell 2000 TR USD, while SPX5.L tracks S&P 500 Index. Their fees differ too: 0.30% for R2SC.L and 0.09% for SPX5.L.

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