R2US.L vs. ISP6.L

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR Russell 2000 US Small Cap UCITS ETF (R2US.L) and iShares S&P SmallCap 600 UCITS ETF (ISP6.L).

R2US.L and ISP6.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. R2US.L is a passively managed fund by State Street Global Advisors that tracks the performance of the Russell 2000 Index. It was launched on Jun 30, 2014. ISP6.L is a passively managed fund by iShares that tracks the performance of the Russell 2000 TR USD. It was launched on May 9, 2008. Both R2US.L and ISP6.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

R2US.L vs. ISP6.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Russell 2000 US Small Cap UCITS ETF (R2US.L) and iShares S&P SmallCap 600 UCITS ETF (ISP6.L). The values are adjusted to include any dividend payments, if applicable.

R2US.L vs. ISP6.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
R2US.L SPDR Russell 2000 US Small Cap UCITS ETF	1.82%	12.34%	10.15%	18.73%	-21.12%	14.48%	19.82%	24.58%	-12.50%	14.69%
ISP6.L iShares S&P SmallCap 600 UCITS ETF	3.32%	6.57%	6.95%	16.83%	-16.69%	26.70%	10.14%	22.22%	-9.96%	12.86%

Different Trading Currencies

R2US.L is traded in USD, while ISP6.L is traded in GBp. To make them comparable, the ISP6.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, R2US.L achieves a 1.82% return, which is significantly lower than ISP6.L's 3.32% return. Both investments have delivered pretty close results over the past 10 years, with R2US.L having a 9.63% annualized return and ISP6.L not far behind at 9.44%.

R2US.L

• 1D: 3.34%
• 1M: -3.36%
• YTD: 1.82%
• 6M: 4.66%
• 1Y: 26.75%
• 3Y*: 13.27%
• 5Y*: 3.47%
• 10Y*: 9.63%

ISP6.L

• 1D: 2.26%
• 1M: -3.04%
• YTD: 3.32%
• 6M: 6.31%
• 1Y: 20.78%
• 3Y*: 10.54%
• 5Y*: 3.99%
• 10Y*: 9.44%

*Multi-year figures are annualized to reflect compound growth (CAGR)

R2US.L vs. ISP6.L - Expense Ratio Comparison

R2US.L has a 0.30% expense ratio, which is lower than ISP6.L's 0.40% expense ratio.

ISP6.L

iShares S&P SmallCap 600 UCITS ETF

R2US.L

SPDR Russell 2000 US Small Cap UCITS ETF

Return for Risk

R2US.L vs. ISP6.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

R2US.L

R2US.L Risk / Return Rank: 69
R2US.L Sharpe Ratio Rank: 68
R2US.L Sortino Ratio Rank: 68
R2US.L Omega Ratio Rank: 59
R2US.L Calmar Ratio Rank: 80
R2US.L Martin Ratio Rank: 69

ISP6.L

ISP6.L Risk / Return Rank: 55
ISP6.L Sharpe Ratio Rank: 45
ISP6.L Sortino Ratio Rank: 43
ISP6.L Omega Ratio Rank: 43
ISP6.L Calmar Ratio Rank: 79
ISP6.L Martin Ratio Rank: 64

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.

R2US.L vs. ISP6.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Russell 2000 US Small Cap UCITS ETF (R2US.L) and iShares S&P SmallCap 600 UCITS ETF (ISP6.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.

	R2US.L	ISP6.L	Difference
Sharpe ratio Return per unit of total volatility	1.27	1.04	+0.23
Sortino ratio Return per unit of downside risk	1.81	1.51	+0.30
Omega ratio Gain probability vs. loss probability	1.23	1.20	+0.04
Calmar ratio Return relative to maximum drawdown	2.53	2.17	+0.36
Martin ratio Return relative to average drawdown	7.93	6.84	+1.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

R2US.L vs. ISP6.L - Sharpe Ratio Comparison

The current R2US.L Sharpe Ratio is 1.27, which is comparable to the ISP6.L Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of R2US.L and ISP6.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	R2US.L	ISP6.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.27	1.04	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	0.19	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.44	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.42	-0.06

Correlation

The correlation between R2US.L and ISP6.L is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

R2US.L vs. ISP6.L - Dividend Comparison

R2US.L has not paid dividends to shareholders, while ISP6.L's dividend yield for the trailing twelve months is around 1.13%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
R2US.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%
ISP6.L iShares S&P SmallCap 600 UCITS ETF	1.13%	1.22%	1.15%	1.08%	1.00%	0.65%	0.94%	0.97%	0.96%	0.78%	0.77%	0.53%

Drawdowns

R2US.L vs. ISP6.L - Drawdown Comparison

The maximum R2US.L drawdown since its inception was -42.19%, smaller than the maximum ISP6.L drawdown of -50.11%. Use the drawdown chart below to compare losses from any high point for R2US.L and ISP6.L.

Drawdown Indicators

	R2US.L	ISP6.L	Difference
Max Drawdown Largest peak-to-trough decline	-42.19%	-39.08%	-3.11%
Max Drawdown (1Y) Largest decline over 1 year	-14.35%	-13.44%	-0.91%
Max Drawdown (5Y) Largest decline over 5 years	-32.04%	-30.26%	-1.78%
Max Drawdown (10Y) Largest decline over 10 years	-42.19%	-39.08%	-3.11%
Current Drawdown Current decline from peak	-6.94%	-5.53%	-1.41%
Average Drawdown Average peak-to-trough decline	-10.00%	-7.59%	-2.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.28%	2.54%	+0.74%

Volatility

R2US.L vs. ISP6.L - Volatility Comparison

SPDR Russell 2000 US Small Cap UCITS ETF (R2US.L) has a higher volatility of 7.20% compared to iShares S&P SmallCap 600 UCITS ETF (ISP6.L) at 6.01%. This indicates that R2US.L's price experiences larger fluctuations and is considered to be riskier than ISP6.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	R2US.L	ISP6.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.20%	6.01%	+1.19%
Volatility (6M) Calculated over the trailing 6-month period	13.45%	11.79%	+1.66%
Volatility (1Y) Calculated over the trailing 1-year period	21.06%	19.98%	+1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.23%	20.82%	+1.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.94%	21.45%	+0.49%