RTYS.L vs. HLGEX

Last updated Jun 4, 2026

RTYS.L (Invesco Russell 2000 UCITS ETF) and HLGEX (JPMorgan Mid Cap Growth Fund) are both funds - RTYS.L is a Small Cap Blend Equities fund tracking the Russell 2000 TR USD, while HLGEX is a Mid Cap Growth Equities fund managed by JPMorgan. Over the past 10 years, RTYS.L returned 10.67%/yr vs 13.78%/yr for HLGEX. At a 0.48 correlation, their price movements are largely independent. RTYS.L charges 0.25%/yr vs 0.89%/yr for HLGEX.

Performance

RTYS.L vs. HLGEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Russell 2000 UCITS ETF (RTYS.L) and JPMorgan Mid Cap Growth Fund (HLGEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RTYS.L achieves a 16.53% return, which is significantly higher than HLGEX's 6.63% return. Over the past 10 years, RTYS.L has underperformed HLGEX with an annualized return of 10.67%, while HLGEX has yielded a comparatively higher 13.78% annualized return.

RTYS.L

• 1D: -1.07%
• 1M: 3.46%
• YTD: 16.53%
• 6M: 16.96%
• 1Y: 39.75%
• 3Y*: 18.26%
• 5Y*: 5.95%
• 10Y*: 10.67%

HLGEX

• 1D: 0.09%
• 1M: 4.71%
• YTD: 6.63%
• 6M: 4.87%
• 1Y: 12.43%
• 3Y*: 16.60%
• 5Y*: 6.87%
• 10Y*: 13.78%

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

RTYS.L vs. HLGEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RTYS.L Invesco Russell 2000 UCITS ETF	16.53%	12.51%	10.09%	18.90%	-21.01%	13.97%	19.89%	24.61%	-12.53%	14.83%
HLGEX JPMorgan Mid Cap Growth Fund	6.63%	8.65%	22.80%	23.11%	-27.08%	10.67%	48.33%	39.73%	-5.07%	29.51%

Correlation

The correlation between RTYS.L and HLGEX is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Oct 31, 2011	0.48

The correlation between RTYS.L and HLGEX has been stable across timeframes, ranging from 0.48 to 0.58 - a consistent structural relationship.

Return for Risk

RTYS.L vs. HLGEX — Risk / Return Rank

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

RTYS.L

RTYS.L Risk / Return Rank: 66
RTYS.L Sharpe Ratio Rank: 63
RTYS.L Sortino Ratio Rank: 66
RTYS.L Omega Ratio Rank: 58
RTYS.L Calmar Ratio Rank: 75
RTYS.L Martin Ratio Rank: 67

HLGEX

HLGEX Risk / Return Rank: 10
HLGEX Sharpe Ratio Rank: 10
HLGEX Sortino Ratio Rank: 10
HLGEX Omega Ratio Rank: 9
HLGEX Calmar Ratio Rank: 10
HLGEX Martin Ratio Rank: 10

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.

RTYS.L vs. HLGEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 2000 UCITS ETF (RTYS.L) and JPMorgan Mid Cap Growth Fund (HLGEX). 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.

	RTYS.L	HLGEX	Difference
Sharpe ratio: Return per unit of total volatility	2.13	0.78	+1.34
Sortino ratio: Return per unit of downside risk	3.03	1.20	+1.83
Omega ratio: Gain probability vs. loss probability	1.36	1.14	+0.22
Calmar ratio: Return relative to maximum drawdown	3.74	0.96	+2.79
Martin ratio: Return relative to average drawdown	12.22	3.05	+9.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RTYS.L vs. HLGEX - Sharpe Ratio Comparison

The current RTYS.L Sharpe Ratio is 2.13, which is higher than the HLGEX Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of RTYS.L and HLGEX, 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

	RTYS.L	HLGEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	0.78	+1.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.31	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.63	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.50	+0.05

Drawdowns

RTYS.L vs. HLGEX - Drawdown Comparison

The maximum RTYS.L drawdown since its inception was -42.15%, smaller than the maximum HLGEX drawdown of -57.65%. Use the drawdown chart below to compare losses from any high point for RTYS.L and HLGEX.

Drawdown Indicators

	RTYS.L	HLGEX	Difference
Max Drawdown Largest peak-to-trough decline	-42.15%	-57.65%	+15.50%
Max Drawdown (1Y) Largest decline over 1 year	-10.57%	-14.19%	+3.62%
Max Drawdown (3Y) Largest decline over 3 years	-28.71%	-25.50%	-3.21%
Max Drawdown (5Y) Largest decline over 5 years	-31.97%	-37.16%	+5.19%
Max Drawdown (10Y) Largest decline over 10 years	-42.15%	-37.16%	-4.99%
Current Drawdown Current decline from peak	-1.24%	0.00%	-1.24%
Average Drawdown Average peak-to-trough decline	-9.15%	-11.43%	+2.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	4.44%	-1.20%

Volatility

RTYS.L vs. HLGEX - Volatility Comparison

Invesco Russell 2000 UCITS ETF (RTYS.L) has a higher volatility of 6.29% compared to JPMorgan Mid Cap Growth Fund (HLGEX) at 4.33%. This indicates that RTYS.L's price experiences larger fluctuations and is considered to be riskier than HLGEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RTYS.L	HLGEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.29%	4.33%	+1.96%
Volatility (6M) Calculated over the trailing 6-month period	13.46%	13.48%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	18.68%	17.37%	+1.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.27%	22.29%	-0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.16%	21.97%	+0.19%

RTYS.L vs. HLGEX - Expense Ratio Comparison

RTYS.L has a 0.25% expense ratio, which is lower than HLGEX's 0.89% expense ratio.

Dividends

RTYS.L vs. HLGEX - Dividend Comparison

RTYS.L has not paid dividends to shareholders, while HLGEX's dividend yield for the trailing twelve months is around 8.84%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HLGEX JPMorgan Mid Cap Growth Fund	8.84%	9.43%	14.70%	0.00%	0.79%	8.87%	10.61%	7.29%	7.26%	6.41%	0.04%	5.32%
RTYS.L Invesco Russell 2000 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

Can I hold both RTYS.L and HLGEX in my portfolio?

RTYS.L and HLGEX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.