XRS2.DE vs. R2US.L
XRS2.DE (Xtrackers Russell 2000 UCITS ETF 1C) and R2US.L (SPDR Russell 2000 US Small Cap UCITS ETF) are both Small Cap Blend Equities funds - XRS2.DE tracks the Russell 2000® while R2US.L tracks the Russell 2000 Index. Both are passively managed. Over the past 10 years, XRS2.DE returned 10.28%/yr vs 10.39%/yr for R2US.L. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.
Performance
XRS2.DE vs. R2US.L - Performance Comparison
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Different Trading Currencies
XRS2.DE is traded in EUR, while R2US.L is traded in USD. To make them comparable, the R2US.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XRS2.DE achieves a 17.70% return, which is significantly lower than R2US.L's 19.08% return. Both investments have delivered pretty close results over the past 10 years, with XRS2.DE having a 10.28% annualized return and R2US.L not far ahead at 10.39%.
XRS2.DE
- 1D
- 0.92%
- 1M
- 2.92%
- YTD
- 17.70%
- 6M
- 16.56%
- 1Y
- 38.02%
- 3Y*
- 15.29%
- 5Y*
- 7.04%
- 10Y*
- 10.28%
R2US.L
- 1D
- 1.02%
- 1M
- 3.15%
- YTD
- 19.08%
- 6M
- 16.94%
- 1Y
- 38.28%
- 3Y*
- 15.41%
- 5Y*
- 7.11%
- 10Y*
- 10.39%
XRS2.DE vs. R2US.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XRS2.DE Xtrackers Russell 2000 UCITS ETF 1C | 17.70% | 1.31% | 15.81% | 14.81% | -16.50% | 24.61% | 8.18% | 28.79% | -9.05% | 0.53% |
R2US.L SPDR Russell 2000 US Small Cap UCITS ETF | 19.08% | -0.99% | 17.42% | 15.17% | -16.23% | 23.05% | 9.94% | 27.39% | -8.39% | 0.59% |
Correlation
The correlation between XRS2.DE and R2US.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2015 | 0.92 |
The correlation between XRS2.DE and R2US.L has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
XRS2.DE vs. R2US.L — Risk / Return Rank
XRS2.DE
R2US.L
XRS2.DE vs. R2US.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Russell 2000 UCITS ETF 1C (XRS2.DE) and SPDR Russell 2000 US Small Cap UCITS ETF (R2US.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.
| XRS2.DE | R2US.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.35 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.51 | 4.57 | -0.06 |
| Martin ratioReturn relative to average drawdown | 13.20 | 12.96 | +0.24 |
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
| XRS2.DE | R2US.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 2.07 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.33 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.47 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.47 | -0.10 |
Drawdowns
XRS2.DE vs. R2US.L - Drawdown Comparison
The maximum XRS2.DE drawdown since its inception was -41.13%, roughly equal to the maximum R2US.L drawdown of -40.70%. Use the drawdown chart below to compare losses from any high point for XRS2.DE and R2US.L.
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Drawdown Indicators
| XRS2.DE | R2US.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.13% | -40.70% | -0.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.46% | -8.41% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -32.77% | -31.89% | -0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -32.77% | -31.89% | -0.88% |
Max Drawdown (10Y)Largest decline over 10 years | -41.13% | -40.70% | -0.43% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -9.77% | -9.39% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.97% | -0.08% |
Volatility
XRS2.DE vs. R2US.L - Volatility Comparison
The current volatility for Xtrackers Russell 2000 UCITS ETF 1C (XRS2.DE) is 5.29%, while SPDR Russell 2000 US Small Cap UCITS ETF (R2US.L) has a volatility of 5.71%. This indicates that XRS2.DE experiences smaller price fluctuations and is considered to be less risky than R2US.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XRS2.DE | R2US.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 5.71% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 12.16% | 13.06% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.02% | 18.59% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.98% | 21.73% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.69% | 22.07% | -0.38% |
XRS2.DE vs. R2US.L - Expense Ratio Comparison
Both XRS2.DE and R2US.L have an expense ratio of 0.30%.
Dividends
XRS2.DE vs. R2US.L - Dividend Comparison
Neither XRS2.DE nor R2US.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, XRS2.DE and R2US.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.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XRS2.DE and R2US.L have the same expense ratio: 0.30% per year.
XRS2.DE tracks Russell 2000®, while R2US.L tracks Russell 2000 Index. They also come from different issuers: Xtrackers and State Street Global Advisors.
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