RTWP.L vs. ^GSPC
RTWP.L (L&G Russell 2000 US Small Cap UCITS ETF) is Small Cap Blend Equities fund tracking the Russell 2000 TR USD, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, RTWP.L returned 10.99%/yr vs 13.06%/yr for ^GSPC. At a 0.49 correlation, their price movements are largely independent.
Performance
RTWP.L vs. ^GSPC - Performance Comparison
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Different Trading Currencies
RTWP.L is traded in GBp, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, RTWP.L achieves a 19.61% return, which is significantly higher than ^GSPC's 10.17% return. Over the past 10 years, RTWP.L has underperformed ^GSPC with an annualized return of 10.99%, while ^GSPC has yielded a comparatively higher 13.06% annualized return.
RTWP.L
- 1D
- -0.27%
- 1M
- 0.63%
- 6M
- 13.88%
- YTD
- 19.61%
- 1Y
- 32.03%
- 3Y*
- 15.21%
- 5Y*
- 8.94%
- 10Y*
- 10.99%
^GSPC
- 1D
- -0.66%
- 1M
- -0.64%
- 6M
- 8.66%
- YTD
- 10.17%
- 1Y
- 19.99%
- 3Y*
- 17.60%
- 5Y*
- 12.23%
- 10Y*
- 13.06%
RTWP.L vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RTWP.L L&G Russell 2000 US Small Cap UCITS ETF | 19.61% | 3.61% | 11.18% | 13.44% | -8.94% | 20.68% | 15.78% | 20.59% | -7.77% | 4.46% |
^GSPC S&P 500 Index | 10.17% | 8.10% | 25.46% | 18.02% | -9.86% | 28.09% | 12.84% | 23.98% | -0.68% | 9.09% |
Correlation
The correlation between RTWP.L and ^GSPC is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2008 | 0.49 |
The correlation between RTWP.L and ^GSPC has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.
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Return for Risk
RTWP.L vs. ^GSPC — Risk / Return Rank
RTWP.L
^GSPC
RTWP.L vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Russell 2000 US Small Cap UCITS ETF (RTWP.L) and S&P 500 Index (^GSPC). 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.
| RTWP.L | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.31 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.31 | 2.50 | +1.81 |
| Martin ratioReturn relative to average drawdown | 12.92 | 9.11 | +3.81 |
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Drawdowns
RTWP.L vs. ^GSPC - Drawdown Comparison
The maximum RTWP.L drawdown since its inception was -67.20%, which is greater than ^GSPC's maximum drawdown of -37.07%. Use the drawdown chart below to compare losses from any high point for RTWP.L and ^GSPC.
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Drawdown Indicators
| RTWP.L | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.20% | -37.07% | -30.13% |
Max Drawdown (1Y)Largest decline over 1 year | -7.40% | -8.03% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -28.77% | -22.15% | -6.62% |
Max Drawdown (5Y)Largest decline over 5 years | -28.77% | -22.15% | -6.62% |
Max Drawdown (10Y)Largest decline over 10 years | -35.32% | -26.01% | -9.31% |
Current DrawdownCurrent decline from peak | -2.94% | -1.42% | -1.52% |
Average DrawdownAverage peak-to-trough decline | -15.66% | -5.29% | -10.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 2.20% | +0.27% |
Volatility
RTWP.L vs. ^GSPC - Volatility Comparison
L&G Russell 2000 US Small Cap UCITS ETF (RTWP.L) has a higher volatility of 4.47% compared to S&P 500 Index (^GSPC) at 3.38%. This indicates that RTWP.L's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RTWP.L | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 3.38% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 11.62% | 9.00% | +2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.90% | 12.03% | +3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.06% | 15.96% | +7.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.23% | 18.05% | +4.18% |
Frequently Asked Questions
RTWP.L and ^GSPC have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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