RTYS.L vs. GLAD.L
RTYS.L (Invesco Russell 2000 UCITS ETF) and GLAD.L (SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc)) are both exchange-traded funds - RTYS.L is a Small Cap Blend Equities fund tracking the Russell 2000 TR USD, while GLAD.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg USD. Both are passively managed. Over the past 5 years, RTYS.L returned 6.17%/yr vs 0.77%/yr for GLAD.L. At a 0.08 correlation, their price movements are largely independent. RTYS.L charges 0.25%/yr vs 0.10%/yr for GLAD.L.
Performance
RTYS.L vs. GLAD.L - Performance Comparison
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Returns By Period
In the year-to-date period, RTYS.L achieves a 20.93% return, which is significantly higher than GLAD.L's 1.23% return.
RTYS.L
- 1D
- -0.19%
- 1M
- 3.54%
- YTD
- 20.93%
- 6M
- 18.86%
- 1Y
- 41.75%
- 3Y*
- 19.32%
- 5Y*
- 6.17%
- 10Y*
- 11.71%
GLAD.L
- 1D
- 0.09%
- 1M
- 0.88%
- YTD
- 1.23%
- 6M
- 1.33%
- 1Y
- 3.59%
- 3Y*
- 4.28%
- 5Y*
- 0.77%
- 10Y*
- —
RTYS.L vs. GLAD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RTYS.L Invesco Russell 2000 UCITS ETF | 20.93% | 12.51% | 10.09% | 18.90% | -21.01% | 13.97% | 19.89% | 11.97% |
GLAD.L SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) | 1.23% | 4.70% | 3.25% | 6.73% | -11.31% | -1.51% | 5.21% | -0.04% |
Correlation
The correlation between RTYS.L and GLAD.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2019 | 0.08 |
Over the past year, RTYS.L and GLAD.L have become more correlated (0.34) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
RTYS.L vs. GLAD.L — Risk / Return Rank
RTYS.L
GLAD.L
RTYS.L vs. GLAD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 2000 UCITS ETF (RTYS.L) and SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (GLAD.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.
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.
| RTYS.L | GLAD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.20 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.93 | 1.55 | +2.38 |
| Martin ratioReturn relative to average drawdown | 12.88 | 4.53 | +8.35 |
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Drawdowns
RTYS.L vs. GLAD.L - Drawdown Comparison
The maximum RTYS.L drawdown since its inception was -42.15%, which is greater than GLAD.L's maximum drawdown of -15.20%. Use the drawdown chart below to compare losses from any high point for RTYS.L and GLAD.L.
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Drawdown Indicators
| RTYS.L | GLAD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.15% | -15.20% | -26.95% |
Max Drawdown (1Y)Largest decline over 1 year | -10.57% | -2.30% | -8.27% |
Max Drawdown (3Y)Largest decline over 3 years | -28.71% | -3.78% | -24.93% |
Max Drawdown (5Y)Largest decline over 5 years | -31.97% | -15.05% | -16.92% |
Max Drawdown (10Y)Largest decline over 10 years | -42.15% | — | — |
Current DrawdownCurrent decline from peak | -0.19% | -0.34% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -8.45% | -4.48% | -3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 0.79% | +2.44% |
Volatility
RTYS.L vs. GLAD.L - Volatility Comparison
Invesco Russell 2000 UCITS ETF (RTYS.L) has a higher volatility of 4.93% compared to SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (GLAD.L) at 0.91%. This indicates that RTYS.L's price experiences larger fluctuations and is considered to be riskier than GLAD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RTYS.L | GLAD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 0.91% | +4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 13.85% | 2.63% | +11.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.71% | 3.21% | +15.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.28% | 4.53% | +17.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.10% | 4.29% | +17.81% |
RTYS.L vs. GLAD.L - Expense Ratio Comparison
RTYS.L has a 0.25% expense ratio, which is higher than GLAD.L's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
RTYS.L vs. GLAD.L - Dividend Comparison
Neither RTYS.L nor GLAD.L has paid dividends to shareholders.
Frequently Asked Questions
RTYS.L and GLAD.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLAD.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLAD.L is cheaper with a 0.10% expense ratio, compared with 0.25% for RTYS.L.
RTYS.L is categorized as Small Cap Blend Equities, while GLAD.L is Global Bonds. RTYS.L tracks Russell 2000 TR USD, while GLAD.L tracks Bloomberg Global Aggregate TR Hdg USD. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.25% for RTYS.L and 0.10% for GLAD.L.
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