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RTWP.L vs. ISP6.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RTWP.L vs. ISP6.L

Last updated Jun 5, 2026

RTWP.L (L&G Russell 2000 US Small Cap UCITS ETF) and ISP6.L (iShares S&P SmallCap 600 UCITS ETF) are both Small Cap Blend Equities funds tracking the Russell 2000 TR USD, from Legal & General and iShares respectively. Both are passively managed. Over the past 10 years, RTWP.L returned 12.05%/yr vs 11.01%/yr for ISP6.L. Their correlation of 0.83 suggests significant overlap in exposure. RTWP.L charges 0.30%/yr vs 0.40%/yr for ISP6.L.

Performance

RTWP.L vs. ISP6.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G Russell 2000 US Small Cap UCITS ETF (RTWP.L) and iShares S&P SmallCap 600 UCITS ETF (ISP6.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RTWP.L achieves a 16.93% return, which is significantly higher than ISP6.L's 15.45% return. Over the past 10 years, RTWP.L has outperformed ISP6.L with an annualized return of 12.05%, while ISP6.L has yielded a comparatively lower 11.01% annualized return.

RTWP.L

1D
1.41%
1M
4.16%
YTD
16.93%
6M
15.64%
1Y
36.63%
3Y*
14.81%
5Y*
8.43%
10Y*
12.05%

ISP6.L

1D
1.09%
1M
2.81%
YTD
15.45%
6M
14.84%
1Y
34.21%
3Y*
12.19%
5Y*
6.63%
10Y*
11.01%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RTWP.L vs. ISP6.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RTWP.L
L&G Russell 2000 US Small Cap UCITS ETF		16.93%3.61%11.18%13.44%-8.94%20.68%15.78%20.59%-7.77%4.46%
ISP6.L
iShares S&P SmallCap 600 UCITS ETF		15.45%-0.91%8.76%10.98%-6.72%27.86%6.87%17.51%-4.56%3.05%

Correlation

The correlation between RTWP.L and ISP6.L is 0.94, 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

0.94

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

0.96

Correlation (All Time)
Calculated using the full available price history since Nov 14, 2008

0.83

The correlation between RTWP.L and ISP6.L shifts across timeframes, from 0.83 (all time) to 0.96 (10 years), reflecting how their relationship changes across market environments.

RTWP.L vs. ISP6.L - Sectors Allocation Comparison

Sectors
RTWP.L
ISP6.L

Technology

20.0%
17.0%

Industrials

17.9%
15.1%

Financial Services

15.3%
16.8%

Healthcare

14.5%
11.0%

Consumer Cyclical

8.6%
12.7%

Real Estate

5.9%
7.6%

Energy

5.3%
5.8%

Basic Materials

4.6%
4.9%

Utilities

2.8%
1.9%

Consumer Defensive

2.7%
3.6%

Communication Services

2.4%
3.5%

Technology

RTWP.L
20.0%
ISP6.L
17.0%

Industrials

RTWP.L
17.9%
ISP6.L
15.1%

Financial Services

RTWP.L
15.3%
ISP6.L
16.8%

Healthcare

RTWP.L
14.5%
ISP6.L
11.0%

Consumer Cyclical

RTWP.L
8.6%
ISP6.L
12.7%

Real Estate

RTWP.L
5.9%
ISP6.L
7.6%

Energy

RTWP.L
5.3%
ISP6.L
5.8%

Basic Materials

RTWP.L
4.6%
ISP6.L
4.9%

Utilities

RTWP.L
2.8%
ISP6.L
1.9%

Consumer Defensive

RTWP.L
2.7%
ISP6.L
3.6%

Communication Services

RTWP.L
2.4%
ISP6.L
3.5%

Compare stocks, funds, or ETFs

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L&G Russell 2000 US Small Cap UCITS ETF

iShares S&P SmallCap 600 UCITS ETF

Often compared with RTWP.L:
RTWP.L vs. IWMRTWP.L vs. ^GSPCRTWP.L vs. R2SC.LRTWP.L vs. FESMRTWP.L vs. SPY4.DERTWP.L vs. VWRL.ASRTWP.L vs. AVUV
Often compared with ISP6.L:
ISP6.L vs. IJRISP6.L vs. IEEM.LISP6.L vs. USSC.LISP6.L vs. IWMISP6.L vs. CSPX.ASISP6.L vs. VIGISP6.L vs. VOO

Return for Risk

RTWP.L vs. ISP6.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RTWP.L
RTWP.L Risk / Return Rank: 7575
Overall Rank
RTWP.L Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
RTWP.L Sortino Ratio Rank: 7171
Sortino Ratio Rank
RTWP.L Omega Ratio Rank: 6666
Omega Ratio Rank
RTWP.L Calmar Ratio Rank: 8787
Calmar Ratio Rank
RTWP.L Martin Ratio Rank: 7878
Martin Ratio Rank
ISP6.L
ISP6.L Risk / Return Rank: 7474
Overall Rank
ISP6.L Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
ISP6.L Sortino Ratio Rank: 6767
Sortino Ratio Rank
ISP6.L Omega Ratio Rank: 6666
Omega Ratio Rank
ISP6.L Calmar Ratio Rank: 8989
Calmar Ratio Rank
ISP6.L Martin Ratio Rank: 8181
Martin Ratio Rank
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.

RTWP.L vs. ISP6.L - 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 iShares S&P SmallCap 600 UCITS ETF (ISP6.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.

RTWP.LISP6.LDifference
Sharpe ratioReturn per unit of total volatility
2.34
2.20

+0.14

Sortino ratioReturn per unit of downside risk
3.18
3.03

+0.15

Omega ratioGain probability vs. loss probability

1.39

1.39

0.00

Calmar ratioReturn relative to maximum drawdown

4.93

5.28

-0.35

Martin ratioReturn relative to average drawdown

14.84

15.98

-1.15

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RTWP.L vs. ISP6.L - Sharpe Ratio Comparison

The current RTWP.L Sharpe Ratio is 2.34, which is comparable to the ISP6.L Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of RTWP.L and ISP6.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.

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Sharpe Ratios by Period

RTWP.LISP6.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.34

2.20

+0.14

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.44

0.35

+0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.59

0.54

+0.05

Sharpe Ratio (All Time)

Calculated using the full available price history

0.70

0.58

+0.12

Drawdowns

RTWP.L vs. ISP6.L - Drawdown Comparison

The maximum RTWP.L drawdown since its inception was -35.32%, smaller than the maximum ISP6.L drawdown of -39.08%. Use the drawdown chart below to compare losses from any high point for RTWP.L and ISP6.L.

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Drawdown Indicators

RTWP.LISP6.LDifference

Max Drawdown

Largest peak-to-trough decline

-35.32%

-39.08%

+3.76%

Max Drawdown (1Y)

Largest decline over 1 year

-7.40%

-6.45%

-0.95%

Max Drawdown (3Y)

Largest decline over 3 years

-28.77%

-30.26%

+1.49%

Max Drawdown (5Y)

Largest decline over 5 years

-28.77%

-30.26%

+1.49%

Max Drawdown (10Y)

Largest decline over 10 years

-35.32%

-39.08%

+3.76%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-7.05%

-7.53%

+0.48%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.46%

2.13%

+0.33%

Volatility

RTWP.L vs. ISP6.L - Volatility Comparison

L&G Russell 2000 US Small Cap UCITS ETF (RTWP.L) has a higher volatility of 4.55% compared to iShares S&P SmallCap 600 UCITS ETF (ISP6.L) at 3.96%. This indicates that RTWP.L's price experiences larger fluctuations and is considered to be riskier than ISP6.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RTWP.LISP6.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.55%

3.96%

+0.59%

Volatility (6M)

Calculated over the trailing 6-month period

10.96%

10.32%

+0.64%

Volatility (1Y)

Calculated over the trailing 1-year period

15.61%

15.51%

+0.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.25%

19.09%

+0.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.40%

20.45%

-0.05%

RTWP.L vs. ISP6.L - Expense Ratio Comparison

RTWP.L has a 0.30% expense ratio, which is lower than ISP6.L's 0.40% expense ratio.

Dividends

RTWP.L vs. ISP6.L - Dividend Comparison

RTWP.L has not paid dividends to shareholders, while ISP6.L's dividend yield for the trailing twelve months is around 1.02%.

PositionTTM20252024202320222021202020192018201720162015
ISP6.L
iShares S&P SmallCap 600 UCITS ETF		1.02%1.22%1.15%1.08%1.00%0.65%0.94%0.97%0.96%0.78%0.77%0.53%
RTWP.L
L&G Russell 2000 US Small Cap UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.94, RTWP.L and ISP6.L 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.

On fees, RTWP.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

RTWP.L is cheaper with a 0.30% expense ratio, compared with 0.40% for ISP6.L.

Both ETFs track Russell 2000 TR USD. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.30% for RTWP.L and 0.40% for ISP6.L.

Portfolio Optimizer

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