- Issuer
- Global X
- Inception Date
- Feb 15, 2022
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Global X Solar UCITS ETF
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
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Performance
RAYZ.L Performance Chart
Global X Solar UCITS ETF (RAYZ.L) is down 8.5% since the beginning of the year. RAYZ.L is currently trading at $10 per share.
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Returns By Period
Global X Solar UCITS ETF (RAYZ.L) has returned -8.49% so far this year and 23.69% over the past 12 months.
Global X Solar UCITS ETF
- 1D
- -1.55%
- 1M
- -17.91%
- 6M
- -13.34%
- YTD
- -8.49%
- 1Y
- 23.69%
- 3Y*
- -11.91%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
RAYZ.L Monthly Returns History
Based on dividend-adjusted daily data since Feb 15, 2022, RAYZ.L's average daily return is -0.02%, while the average monthly return is -0.36%.
Historically, 46% of months were positive and 54% were negative. The best month was Aug 2025 with a return of +18.9%, while the worst month was Jan 2024 at -17.6%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 7 months.
On a daily basis, RAYZ.L closed higher 47% of trading days. The best single day was Jun 6, 2022 with a return of +10.9%, while the worst single day was Apr 7, 2025 at -9.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.85% | 2.96% | -2.72% | 2.87% | 13.65% | -16.64% | -14.66% | -8.49% | |||||
| 2025 | -1.14% | -1.79% | -4.04% | -7.60% | 4.99% | 6.15% | 3.16% | 18.90% | 13.10% | 7.69% | -3.26% | 0.91% | 39.95% |
| 2024 | -17.62% | 5.95% | 2.19% | -7.43% | 8.47% | -15.72% | 5.42% | -2.05% | 14.69% | -2.85% | -7.43% | -10.62% | -28.16% |
| 2023 | 12.58% | -7.53% | -1.69% | -9.28% | -6.67% | 4.89% | -4.71% | -14.41% | -8.00% | -14.26% | 2.30% | 12.58% | -32.65% |
| 2022 | 12.69% | -3.48% | -16.08% | 12.85% | 9.07% | 12.55% | -8.19% | -8.56% | -3.23% | 7.95% | -6.11% | 4.13% |
Benchmark Metrics
Global X Solar UCITS ETF has an annualized alpha of -10.33%, beta of 0.45, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since February 15, 2022.
- This ETF participated in 133.18% of S&P 500 Index downside but only 43.38% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.45 may look defensive, but with R2 of 0.05 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.05 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -10.33%
- Beta
- 0.45
- R²
- 0.05
- Upside Capture
- 43.38%
- Downside Capture
- 133.18%
Expense Ratio
RAYZ.L has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
RAYZ.L ranks 25 for risk / return — below 25% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Global X Solar UCITS ETF (RAYZ.L) and compare them to S&P 500 Index.
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.
| RAYZ.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.31 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 2.35 | -1.50 |
| Martin ratioReturn relative to average drawdown | 2.86 | 10.19 | -7.33 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Global X Solar UCITS ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Global X Solar UCITS ETF was 69.13%, occurring on Apr 9, 2025. The portfolio has not yet recovered.
The current Global X Solar UCITS ETF drawdown is 51.07%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-69.13%Apr 2025 | 2y 7mo | — | 3y 11moAug 2022 - now | 2025 selloff2025 |
-28.32%Apr 2022 | 1mo 17d | 2mo 12d | 3mo 29dMar 2022 - Jul 2022 | Bear market2022 |
-5.03%Jul 2022 | 4d | 15d | 19dJul 2022 - Jul 2022 | Bear market2022 |
-4.82%Mar 2022 | 2d | 4d | 6dMar 2022 - Mar 2022 | Bear market2022 |
-4.47%Aug 2022 | 0s | 7d | 7dAug 2022 - Aug 2022 | Bear market2022 |
Drawdown Indicators
| RAYZ.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.13% | -56.78% | -12.35% |
Max Drawdown (1Y)Largest decline over 1 year | -29.26% | -9.10% | -20.16% |
Max Drawdown (3Y)Largest decline over 3 years | -57.14% | -18.90% | -38.24% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -51.07% | -0.49% | -50.58% |
Average DrawdownAverage peak-to-trough decline | -40.52% | -10.70% | -29.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.75% | 2.09% | +6.66% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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