RTWO.L vs. LGGL.L

Last updated Jun 5, 2026

RTWO.L (L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc) and LGGL.L (L&G Global Equity UCITS ETF) are both exchange-traded funds - RTWO.L is a Small Cap Blend Equities fund tracking the Russell 2000 0.4 Quality Target Exposure Factor Index, while LGGL.L is a Global Equities fund tracking the Solactive Core Developed Markets Large & Mid Cap USD Index NTR. Both are passively managed. Over the past 5 years, RTWO.L returned 7.19%/yr vs 12.04%/yr for LGGL.L. Their correlation of 0.81 suggests significant overlap in exposure. RTWO.L charges 0.30%/yr vs 0.10%/yr for LGGL.L.

Performance

RTWO.L vs. LGGL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (RTWO.L) and L&G Global Equity UCITS ETF (LGGL.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RTWO.L achieves a 16.74% return, which is significantly higher than LGGL.L's 9.92% return.

RTWO.L

• 1D: 1.19%
• 1M: 2.96%
• YTD: 16.74%
• 6M: 16.37%
• 1Y: 35.32%
• 3Y*: 17.85%
• 5Y*: 7.19%
• 10Y*: 11.22%

LGGL.L

• 1D: 0.05%
• 1M: 4.04%
• YTD: 9.92%
• 6M: 11.05%
• 1Y: 26.06%
• 3Y*: 20.95%
• 5Y*: 12.04%
• 10Y*: —

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

RTWO.L vs. LGGL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
RTWO.L L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc	16.74%	11.33%	9.23%	20.06%	-18.68%	19.21%	19.82%	24.50%	-13.29%
LGGL.L L&G Global Equity UCITS ETF	9.92%	21.17%	19.21%	25.02%	-18.03%	21.94%	16.35%	26.98%	-7.73%

Correlation

The correlation between RTWO.L and LGGL.L is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Nov 12, 2018	0.81

The correlation between RTWO.L and LGGL.L has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.

RTWO.L vs. LGGL.L - Sectors Allocation Comparison

Sectors	RTWO.L	LGGL.L
Technology	18.5%	28.4%
Industrials	17.7%	10.9%
Financial Services	15.6%	15.9%
Healthcare	14.3%	8.8%
Consumer Cyclical	9.3%	9.4%
Real Estate	6.1%	1.8%
Energy	5.9%	4.0%
Basic Materials	4.6%	3.2%
Utilities	2.9%	2.5%
Consumer Defensive	2.8%	5.3%
Communication Services	2.4%	9.7%

Return for Risk

RTWO.L vs. LGGL.L — Risk / Return Rank

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

RTWO.L

RTWO.L Risk / Return Rank: 67
RTWO.L Sharpe Ratio Rank: 63
RTWO.L Sortino Ratio Rank: 67
RTWO.L Omega Ratio Rank: 59
RTWO.L Calmar Ratio Rank: 77
RTWO.L Martin Ratio Rank: 69

LGGL.L

LGGL.L Risk / Return Rank: 68
LGGL.L Sharpe Ratio Rank: 67
LGGL.L Sortino Ratio Rank: 73
LGGL.L Omega Ratio Rank: 68
LGGL.L Calmar Ratio Rank: 63
LGGL.L Martin Ratio Rank: 71

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.

RTWO.L vs. LGGL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (RTWO.L) and L&G Global Equity UCITS ETF (LGGL.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.

	RTWO.L	LGGL.L	Difference
Sharpe ratio: Return per unit of total volatility	2.07	2.18	-0.10
Sortino ratio: Return per unit of downside risk	3.03	3.25	-0.21
Omega ratio: Gain probability vs. loss probability	1.35	1.40	-0.04
Calmar ratio: Return relative to maximum drawdown	3.87	3.06	+0.81
Martin ratio: Return relative to average drawdown	12.63	13.14	-0.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RTWO.L vs. LGGL.L - Sharpe Ratio Comparison

The current RTWO.L Sharpe Ratio is 2.07, which is comparable to the LGGL.L Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of RTWO.L and LGGL.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.

Sharpe Ratios by Period

	RTWO.L	LGGL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	2.18	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.77	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.82	-0.23

Drawdowns

RTWO.L vs. LGGL.L - Drawdown Comparison

The maximum RTWO.L drawdown since its inception was -42.35%, which is greater than LGGL.L's maximum drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for RTWO.L and LGGL.L.

Drawdown Indicators

	RTWO.L	LGGL.L	Difference
Max Drawdown Largest peak-to-trough decline	-42.35%	-33.89%	-8.46%
Max Drawdown (1Y) Largest decline over 1 year	-9.08%	-8.44%	-0.64%
Max Drawdown (3Y) Largest decline over 3 years	-26.96%	-17.81%	-9.15%
Max Drawdown (5Y) Largest decline over 5 years	-29.71%	-25.76%	-3.95%
Max Drawdown (10Y) Largest decline over 10 years	-42.35%	—	—
Current Drawdown Current decline from peak	0.00%	-0.44%	+0.44%
Average Drawdown Average peak-to-trough decline	-7.89%	-4.97%	-2.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	1.97%	+0.82%

Volatility

RTWO.L vs. LGGL.L - Volatility Comparison

L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (RTWO.L) has a higher volatility of 5.46% compared to L&G Global Equity UCITS ETF (LGGL.L) at 3.30%. This indicates that RTWO.L's price experiences larger fluctuations and is considered to be riskier than LGGL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RTWO.L	LGGL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.46%	3.30%	+2.16%
Volatility (6M) Calculated over the trailing 6-month period	12.25%	9.21%	+3.04%
Volatility (1Y) Calculated over the trailing 1-year period	16.98%	11.88%	+5.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.06%	15.58%	+5.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.48%	17.16%	+4.32%

RTWO.L vs. LGGL.L - Expense Ratio Comparison

RTWO.L has a 0.30% expense ratio, which is higher than LGGL.L's 0.10% expense ratio.

Dividends

RTWO.L vs. LGGL.L - Dividend Comparison

Neither RTWO.L nor LGGL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both RTWO.L and LGGL.L in my portfolio?

RTWO.L and LGGL.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RTWO.L or LGGL.L?

On fees, LGGL.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RTWO.L or LGGL.L?

LGGL.L is cheaper with a 0.10% expense ratio, compared with 0.30% for RTWO.L.

What is the main difference between RTWO.L and LGGL.L?

RTWO.L is categorized as Small Cap Blend Equities, while LGGL.L is Global Equities. RTWO.L tracks Russell 2000 0.4 Quality Target Exposure Factor Index, while LGGL.L tracks Solactive Core Developed Markets Large & Mid Cap USD Index NTR. Their fees differ too: 0.30% for RTWO.L and 0.10% for LGGL.L.