RTWO.L vs. ZPRV.DE
RTWO.L (L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc) and ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted 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 ZPRV.DE is a Small Cap Value Equities fund tracking the MSCI USA Small Cap Value Weighted Index. Both are passively managed. Over the past 10 years, RTWO.L returned 11.22%/yr vs 11.88%/yr for ZPRV.DE. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.
Performance
RTWO.L vs. ZPRV.DE - Performance Comparison
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Different Trading Currencies
RTWO.L is traded in USD, while ZPRV.DE is traded in EUR. To make them comparable, the ZPRV.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, RTWO.L achieves a 16.74% return, which is significantly higher than ZPRV.DE's 13.26% return. Over the past 10 years, RTWO.L has underperformed ZPRV.DE with an annualized return of 11.22%, while ZPRV.DE has yielded a comparatively higher 11.88% annualized 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%
ZPRV.DE
- 1D
- 0.90%
- 1M
- 1.56%
- YTD
- 13.26%
- 6M
- 14.32%
- 1Y
- 36.73%
- 3Y*
- 19.75%
- 5Y*
- 9.64%
- 10Y*
- 11.88%
RTWO.L vs. ZPRV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -12.79% | 14.73% |
ZPRV.DE SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 13.26% | 16.27% | 7.55% | 22.88% | -10.52% | 36.39% | 7.74% | 24.72% | -15.93% | 9.86% |
Correlation
The correlation between RTWO.L and ZPRV.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2015 | 0.82 |
The correlation between RTWO.L and ZPRV.DE has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.
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Return for Risk
RTWO.L vs. ZPRV.DE — Risk / Return Rank
RTWO.L
ZPRV.DE
RTWO.L vs. ZPRV.DE - 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 SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.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.
| RTWO.L | ZPRV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.39 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.87 | 4.55 | -0.68 |
| Martin ratioReturn relative to average drawdown | 12.63 | 14.36 | -1.72 |
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
| RTWO.L | ZPRV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 2.29 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.45 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.53 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.48 | +0.11 |
Drawdowns
RTWO.L vs. ZPRV.DE - Drawdown Comparison
The maximum RTWO.L drawdown since its inception was -42.35%, smaller than the maximum ZPRV.DE drawdown of -49.34%. Use the drawdown chart below to compare losses from any high point for RTWO.L and ZPRV.DE.
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Drawdown Indicators
| RTWO.L | ZPRV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.35% | -49.34% | +6.99% |
Max Drawdown (1Y)Largest decline over 1 year | -9.08% | -8.03% | -1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -26.96% | -28.19% | +1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -29.71% | -28.19% | -1.52% |
Max Drawdown (10Y)Largest decline over 10 years | -42.35% | -49.34% | +6.99% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.89% | -7.83% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.55% | +0.24% |
Volatility
RTWO.L vs. ZPRV.DE - 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 SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) at 3.97%. This indicates that RTWO.L's price experiences larger fluctuations and is considered to be riskier than ZPRV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RTWO.L | ZPRV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.46% | 3.97% | +1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 12.25% | 9.84% | +2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.98% | 16.00% | +0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.06% | 21.32% | -0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.48% | 23.02% | -1.54% |
RTWO.L vs. ZPRV.DE - Expense Ratio Comparison
Both RTWO.L and ZPRV.DE have an expense ratio of 0.30%.
Dividends
RTWO.L vs. ZPRV.DE - Dividend Comparison
Neither RTWO.L nor ZPRV.DE has paid dividends to shareholders.
Frequently Asked Questions
RTWO.L and ZPRV.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
RTWO.L and ZPRV.DE have the same expense ratio: 0.30% per year.
RTWO.L is categorized as Small Cap Blend Equities, while ZPRV.DE is Small Cap Value Equities. RTWO.L tracks Russell 2000 0.4 Quality Target Exposure Factor Index, while ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index. They also come from different issuers: L&G and State Street.
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