Sortino ratio is not yet available for RAYS. This metric requires at least 12 months of historical daily returns to calculate. Check back once this data is available.
How it compares to other similar ETFs
The table compares Global X Solar ETF's Sortino Ratio with other ETFs in the Alternative Energy Equities category across multiple time periods, showing how RAYS's risk-adjusted performance compares to similar funds.
Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 17, 2026.
| Symbol | Name | 1Y Sortino Ratio | 5Y Sortino Ratio | 10Y Sortino Ratio | All Time Sortino Ratio |
|---|---|---|---|---|---|
| IBAT | iShares Energy Storage & Materials ETF | 2.87 | |||
| PWER | Macquarie Energy Transition ETF | 2.46 | |||
| HYDR | Global X Hydrogen ETF | 2.24 | |||
| FAN | First Trust Global Wind Energy ETF | 2.15 | |||
| PBD | Invesco Global Clean Energy ETF | 2.12 | |||
| FRNW | Fidelity Clean Energy ETF | 2.04 | |||
| LCTD | BlackRock World ex U.S. Carbon Transition Readiness ETF | 1.85 | |||
| CNRG | SPDR S&P Kensho Clean Power ETF | 1.84 | |||
| CTEX | ProShares S&P Kensho Cleantech ETF | 1.83 | |||
| GRID | First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 1.79 | |||
| RAYS | Global X Solar ETF | — |
Historical Sortino Ratio
The chart shows RAYS's rolling Sortino ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to downside risk, while declining trends may signal deteriorating risk-adjusted performance or increased volatility during market stress. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.
Identify market cycles by observing when RAYS consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.
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