R2US.L vs. XRS2.DE
R2US.L (SPDR Russell 2000 US Small Cap UCITS ETF) and XRS2.DE (Xtrackers Russell 2000 UCITS ETF 1C) are both Small Cap Blend Equities funds - R2US.L tracks the Russell 2000 Index while XRS2.DE tracks the Russell 2000®. Both are passively managed. Over the past 10 years, R2US.L returned 10.64%/yr vs 10.52%/yr for XRS2.DE. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.
Performance
R2US.L vs. XRS2.DE - Performance Comparison
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Different Trading Currencies
R2US.L is traded in USD, while XRS2.DE is traded in EUR. To make them comparable, the XRS2.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 17.73% return, which is significantly higher than XRS2.DE's 16.35% return. Both investments have delivered pretty close results over the past 10 years, with R2US.L having a 10.64% annualized return and XRS2.DE not far behind at 10.52%.
R2US.L
- 1D
- 1.15%
- 1M
- 3.44%
- YTD
- 17.73%
- 6M
- 16.52%
- 1Y
- 40.92%
- 3Y*
- 18.56%
- 5Y*
- 6.13%
- 10Y*
- 10.64%
XRS2.DE
- 1D
- 1.04%
- 1M
- 3.27%
- YTD
- 16.35%
- 6M
- 16.37%
- 1Y
- 40.65%
- 3Y*
- 18.44%
- 5Y*
- 6.05%
- 10Y*
- 10.52%
R2US.L vs. XRS2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
R2US.L SPDR Russell 2000 US Small Cap UCITS ETF | 17.73% | 12.34% | 10.15% | 18.73% | -21.12% | 14.48% | 19.82% | 24.58% | -12.50% | 14.69% |
XRS2.DE Xtrackers Russell 2000 UCITS ETF 1C | 16.35% | 14.37% | 9.19% | 18.44% | -21.10% | 14.78% | 18.75% | 26.07% | -13.33% | 14.75% |
Correlation
The correlation between R2US.L and XRS2.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2015 | 0.92 |
The correlation between R2US.L and XRS2.DE has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
R2US.L vs. XRS2.DE — Risk / Return Rank
R2US.L
XRS2.DE
R2US.L vs. XRS2.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 Xtrackers Russell 2000 UCITS ETF 1C (XRS2.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.
| R2US.L | XRS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.36 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 3.90 | +0.06 |
| Martin ratioReturn relative to average drawdown | 12.61 | 12.45 | +0.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| R2US.L | XRS2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 2.20 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.27 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.48 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.41 | +0.01 |
Drawdowns
R2US.L vs. XRS2.DE - Drawdown Comparison
The maximum R2US.L drawdown since its inception was -42.19%, roughly equal to the maximum XRS2.DE drawdown of -42.45%. Use the drawdown chart below to compare losses from any high point for R2US.L and XRS2.DE.
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Drawdown Indicators
| R2US.L | XRS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.19% | -42.45% | +0.26% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -10.37% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -28.95% | -29.89% | +0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -32.04% | -31.92% | -0.12% |
Max Drawdown (10Y)Largest decline over 10 years | -42.19% | -42.45% | +0.26% |
Current DrawdownCurrent decline from peak | -0.20% | -0.30% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -9.89% | -10.68% | +0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 3.26% | -0.02% |
Volatility
R2US.L vs. XRS2.DE - Volatility Comparison
SPDR Russell 2000 US Small Cap UCITS ETF (R2US.L) has a higher volatility of 6.18% compared to Xtrackers Russell 2000 UCITS ETF 1C (XRS2.DE) at 5.74%. This indicates that R2US.L's price experiences larger fluctuations and is considered to be riskier than XRS2.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 | XRS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.18% | 5.74% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 13.36% | 12.88% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.46% | 18.37% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.21% | 21.98% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.04% | 22.13% | -0.09% |
R2US.L vs. XRS2.DE - Expense Ratio Comparison
Both R2US.L and XRS2.DE have an expense ratio of 0.30%.
Dividends
R2US.L vs. XRS2.DE - Dividend Comparison
Neither R2US.L nor XRS2.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, R2US.L and XRS2.DE 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.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
R2US.L and XRS2.DE have the same expense ratio: 0.30% per year.
R2US.L tracks Russell 2000 Index, while XRS2.DE tracks Russell 2000®. They also come from different issuers: State Street Global Advisors and Xtrackers.
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