R2US.L vs. IUSN.DE
R2US.L (SPDR Russell 2000 US Small Cap UCITS ETF) and IUSN.DE (iShares MSCI World Small Cap UCITS ETF) are both exchange-traded funds - R2US.L is a Small Cap Blend Equities fund tracking the Russell 2000 Index, while IUSN.DE is a Global Equities fund tracking the MSCI World Small Cap. Both are passively managed. Over the past 5 years, R2US.L returned 6.10%/yr vs 7.09%/yr for IUSN.DE. Their correlation of 0.89 suggests significant overlap in exposure. R2US.L charges 0.30%/yr vs 0.35%/yr for IUSN.DE.
Performance
R2US.L vs. IUSN.DE - Performance Comparison
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Different Trading Currencies
R2US.L is traded in USD, while IUSN.DE is traded in EUR. To make them comparable, the IUSN.DE 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 20.92% return, which is significantly higher than IUSN.DE's 14.39% return.
R2US.L
- 1D
- -0.13%
- 1M
- 3.65%
- YTD
- 20.92%
- 6M
- 18.80%
- 1Y
- 41.76%
- 3Y*
- 19.23%
- 5Y*
- 6.10%
- 10Y*
- 11.70%
IUSN.DE
- 1D
- 0.60%
- 1M
- 1.34%
- YTD
- 14.39%
- 6M
- 13.95%
- 1Y
- 31.31%
- 3Y*
- 18.17%
- 5Y*
- 7.09%
- 10Y*
- —
R2US.L vs. IUSN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
R2US.L SPDR Russell 2000 US Small Cap UCITS ETF | 20.92% | 12.33% | 10.16% | 18.73% | -21.12% | 14.48% | 19.82% | 24.58% | -13.58% |
IUSN.DE iShares MSCI World Small Cap UCITS ETF | 14.39% | 21.65% | 6.69% | 16.70% | -18.51% | 15.41% | 15.53% | 26.44% | -13.57% |
Correlation
The correlation between R2US.L and IUSN.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2018 | 0.89 |
The correlation between R2US.L and IUSN.DE has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
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Return for Risk
R2US.L vs. IUSN.DE — Risk / Return Rank
R2US.L
IUSN.DE
R2US.L vs. IUSN.DE - 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 MSCI World Small Cap UCITS ETF (IUSN.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.
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.
| R2US.L | IUSN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.36 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.05 | 3.45 | +0.59 |
| Martin ratioReturn relative to average drawdown | 12.92 | 12.30 | +0.62 |
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Drawdowns
R2US.L vs. IUSN.DE - Drawdown Comparison
The maximum R2US.L drawdown since its inception was -42.19%, roughly equal to the maximum IUSN.DE drawdown of -41.11%. Use the drawdown chart below to compare losses from any high point for R2US.L and IUSN.DE.
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Drawdown Indicators
| R2US.L | IUSN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.19% | -41.11% | -1.08% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -9.02% | -1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -28.95% | -21.08% | -7.87% |
Max Drawdown (5Y)Largest decline over 5 years | -32.04% | -30.69% | -1.35% |
Max Drawdown (10Y)Largest decline over 10 years | -42.19% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | -0.75% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -9.83% | -8.86% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 2.54% | +0.68% |
Volatility
R2US.L vs. IUSN.DE - Volatility Comparison
SPDR Russell 2000 US Small Cap UCITS ETF (R2US.L) has a higher volatility of 4.94% compared to iShares MSCI World Small Cap UCITS ETF (IUSN.DE) at 3.78%. This indicates that R2US.L's price experiences larger fluctuations and is considered to be riskier than IUSN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| R2US.L | IUSN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 3.78% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 13.73% | 10.96% | +2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.51% | 14.79% | +3.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.24% | 18.28% | +3.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.02% | 19.57% | +2.45% |
R2US.L vs. IUSN.DE - Expense Ratio Comparison
R2US.L has a 0.30% expense ratio, which is lower than IUSN.DE's 0.35% expense ratio.
Dividends
R2US.L vs. IUSN.DE - Dividend Comparison
Neither R2US.L nor IUSN.DE has paid dividends to shareholders.
Frequently Asked Questions
R2US.L and IUSN.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, R2US.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
R2US.L is cheaper with a 0.30% expense ratio, compared with 0.35% for IUSN.DE.
R2US.L is categorized as Small Cap Blend Equities, while IUSN.DE is Global Equities. R2US.L tracks Russell 2000 Index, while IUSN.DE tracks MSCI World Small Cap. They also come from different issuers: State Street Global Advisors and iShares. Their fees differ too: 0.30% for R2US.L and 0.35% for IUSN.DE.
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