XRSG.L vs. RTWO.L

Last updated Jun 5, 2026

XRSG.L (Xtrackers Russell 2000 UCITS ETF 1C) and RTWO.L (L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc) are both Small Cap Blend Equities funds - XRSG.L tracks the Russell 2000 TR USD while RTWO.L tracks the Russell 2000 0.4 Quality Target Exposure Factor Index. Both are passively managed. Over the past 10 years, XRSG.L returned 11.37%/yr vs 12.05%/yr for RTWO.L. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.

Performance

XRSG.L vs. RTWO.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers Russell 2000 UCITS ETF 1C (XRSG.L) and L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (RTWO.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XRSG.L is traded in GBp, while RTWO.L is traded in USD. To make them comparable, the RTWO.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with XRSG.L having a 17.87% return and RTWO.L slightly lower at 17.22%. Over the past 10 years, XRSG.L has underperformed RTWO.L with an annualized return of 11.37%, while RTWO.L has yielded a comparatively higher 12.05% annualized return.

XRSG.L

• 1D: 1.10%
• 1M: 4.49%
• YTD: 17.87%
• 6M: 15.72%
• 1Y: 42.23%
• 3Y*: 15.45%
• 5Y*: 7.21%
• 10Y*: 11.37%

RTWO.L

• 1D: 1.19%
• 1M: 3.90%
• YTD: 17.22%
• 6M: 15.56%
• 1Y: 36.63%
• 3Y*: 14.89%
• 5Y*: 8.35%
• 10Y*: 12.05%

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

XRSG.L vs. RTWO.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XRSG.L Xtrackers Russell 2000 UCITS ETF 1C	17.87%	4.65%	11.80%	12.16%	-11.47%	15.43%	15.81%	20.64%	-7.63%	4.40%
RTWO.L L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc	17.22%	3.40%	11.13%	14.05%	-9.01%	20.34%	16.30%	19.76%	-7.62%	4.81%

Correlation

The correlation between XRSG.L and RTWO.L is 0.95, 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	0.95
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	0.95
Correlation (All Time) Calculated using the full available price history since Jun 2, 2015	0.94

The correlation between XRSG.L and RTWO.L has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

XRSG.L vs. RTWO.L - Sectors Allocation Comparison

Sectors	XRSG.L	RTWO.L
Industrials	17.7%	17.7%
Technology	17.1%	18.5%
Healthcare	16.4%	14.3%
Financial Services	15.7%	15.6%
Consumer Cyclical	8.4%	9.3%
Real Estate	6.1%	6.1%
Energy	6.0%	5.9%
Basic Materials	4.8%	4.6%
Utilities	2.9%	2.9%
Communication Services	2.5%	2.4%
Consumer Defensive	2.4%	2.8%

Return for Risk

XRSG.L vs. RTWO.L — Risk / Return Rank

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

XRSG.L

XRSG.L Risk / Return Rank: 77
XRSG.L Sharpe Ratio Rank: 78
XRSG.L Sortino Ratio Rank: 76
XRSG.L Omega Ratio Rank: 70
XRSG.L Calmar Ratio Rank: 87
XRSG.L Martin Ratio Rank: 76

RTWO.L

RTWO.L Risk / Return Rank: 67
RTWO.L Sharpe Ratio Rank: 63
RTWO.L Sortino Ratio Rank: 67
RTWO.L Omega Ratio Rank: 59
RTWO.L Calmar Ratio Rank: 77
RTWO.L Martin Ratio Rank: 69

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.

XRSG.L vs. RTWO.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Russell 2000 UCITS ETF 1C (XRSG.L) and L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (RTWO.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.

	XRSG.L	RTWO.L	Difference
Sharpe ratio: Return per unit of total volatility	2.49	2.18	+0.30
Sortino ratio: Return per unit of downside risk	3.35	2.98	+0.37
Omega ratio: Gain probability vs. loss probability	1.41	1.37	+0.04
Calmar ratio: Return relative to maximum drawdown	4.88	4.80	+0.08
Martin ratio: Return relative to average drawdown	14.33	14.50	-0.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XRSG.L vs. RTWO.L - Sharpe Ratio Comparison

The current XRSG.L Sharpe Ratio is 2.49, which is comparable to the RTWO.L Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of XRSG.L and RTWO.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.

Sharpe Ratios by Period

	XRSG.L	RTWO.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	2.18	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.42	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.57	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.63	-0.13

Drawdowns

XRSG.L vs. RTWO.L - Drawdown Comparison

The maximum XRSG.L drawdown since its inception was -35.31%, roughly equal to the maximum RTWO.L drawdown of -35.69%. Use the drawdown chart below to compare losses from any high point for XRSG.L and RTWO.L.

Drawdown Indicators

	XRSG.L	RTWO.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.31%	-35.69%	+0.38%
Max Drawdown (1Y) Largest decline over 1 year	-8.61%	-7.60%	-1.01%
Max Drawdown (3Y) Largest decline over 3 years	-30.09%	-28.41%	-1.68%
Max Drawdown (5Y) Largest decline over 5 years	-30.09%	-28.41%	-1.68%
Max Drawdown (10Y) Largest decline over 10 years	-35.31%	-35.69%	+0.38%
Current Drawdown Current decline from peak	-0.03%	0.00%	-0.03%
Average Drawdown Average peak-to-trough decline	-8.72%	-7.11%	-1.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	2.52%	+0.42%

Volatility

XRSG.L vs. RTWO.L - Volatility Comparison

Xtrackers Russell 2000 UCITS ETF 1C (XRSG.L) and L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (RTWO.L) have volatilities of 5.20% and 5.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XRSG.L	RTWO.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.20%	5.23%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	11.83%	12.11%	-0.28%
Volatility (1Y) Calculated over the trailing 1-year period	16.89%	16.70%	+0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.04%	20.11%	-0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.88%	21.11%	-0.23%

XRSG.L vs. RTWO.L - Expense Ratio Comparison

Both XRSG.L and RTWO.L have an expense ratio of 0.30%.

Dividends

XRSG.L vs. RTWO.L - Dividend Comparison

Neither XRSG.L nor RTWO.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XRSG.L and RTWO.L in my portfolio?

With a correlation of 0.95, XRSG.L and RTWO.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.

Which ETF is better, XRSG.L or RTWO.L?

Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XRSG.L or RTWO.L?

XRSG.L and RTWO.L have the same expense ratio: 0.30% per year.

What is the main difference between XRSG.L and RTWO.L?

XRSG.L tracks Russell 2000 TR USD, while RTWO.L tracks Russell 2000 0.4 Quality Target Exposure Factor Index. They also come from different issuers: Xtrackers and L&G.