36BA.DE vs. RAYS
36BA.DE (iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist)) and RAYS (Global X Solar ETF) are both exchange-traded funds - 36BA.DE is a Corporate Bonds fund tracking the Bloomberg MSCI US Corporate Sustainable SRI Index (EUR Hedged), while RAYS is a Alternative Energy Equities fund tracking the Solactive Solar Index. Both are passively managed. At a correlation of -0.22, they often move in opposite directions. 36BA.DE charges 0.17%/yr vs 0.50%/yr for RAYS.
Performance
36BA.DE vs. RAYS - Performance Comparison
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Different Trading Currencies
36BA.DE is traded in EUR, while RAYS is traded in USD. To make them comparable, the RAYS values have been converted to EUR using the latest available exchange rates.
Returns By Period
36BA.DE
- 1D
- 0.27%
- 1M
- 0.18%
- YTD
- -0.71%
- 6M
- -0.48%
- 1Y
- 2.78%
- 3Y*
- 2.93%
- 5Y*
- -1.61%
- 10Y*
- —
RAYS
- 1D
- -0.14%
- 1M
- 0.67%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
36BA.DE vs. RAYS - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
36BA.DE iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) | -0.60% |
RAYS Global X Solar ETF | 1.73% |
Correlation
The correlation between 36BA.DE and RAYS is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 9, 2026 | -0.22 |
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Return for Risk
36BA.DE vs. RAYS — Risk / Return Rank
36BA.DE
RAYS
36BA.DE vs. RAYS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) (36BA.DE) and Global X Solar ETF (RAYS). 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.
| 36BA.DE | RAYS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.10 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | — | — |
| Martin ratioReturn relative to average drawdown | 2.43 | — | — |
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
| 36BA.DE | RAYS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 1.02 | -1.12 |
Drawdowns
36BA.DE vs. RAYS - Drawdown Comparison
The maximum 36BA.DE drawdown since its inception was -23.68%, which is greater than RAYS's maximum drawdown of -2.84%. Use the drawdown chart below to compare losses from any high point for 36BA.DE and RAYS.
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Drawdown Indicators
| 36BA.DE | RAYS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.68% | -2.84% | -20.84% |
Max Drawdown (1Y)Largest decline over 1 year | -3.02% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -6.31% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.18% | — | — |
Current DrawdownCurrent decline from peak | -10.87% | -1.31% | -9.56% |
Average DrawdownAverage peak-to-trough decline | -11.35% | -1.25% | -10.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | — | — |
Volatility
36BA.DE vs. RAYS - Volatility Comparison
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Volatility by Period
| 36BA.DE | RAYS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.67% | 5.70% | -1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.09% | 5.70% | +1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.86% | 5.70% | +1.16% |
36BA.DE vs. RAYS - Expense Ratio Comparison
36BA.DE has a 0.17% expense ratio, which is lower than RAYS's 0.50% expense ratio.
Dividends
36BA.DE vs. RAYS - Dividend Comparison
36BA.DE's dividend yield for the trailing twelve months is around 4.95%, while RAYS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
36BA.DE iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) | 4.95% | 4.73% | 4.75% | 4.15% | 2.94% | 1.76% | 0.87% |
RAYS Global X Solar ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
36BA.DE and RAYS have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 36BA.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36BA.DE is cheaper with a 0.17% expense ratio, compared with 0.50% for RAYS.
36BA.DE is categorized as Corporate Bonds, while RAYS is Alternative Energy Equities. 36BA.DE tracks Bloomberg MSCI US Corporate Sustainable SRI Index (EUR Hedged), while RAYS tracks Solactive Solar Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.17% for 36BA.DE and 0.50% for RAYS.
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