CTEC vs. RAYS

Last updated Jun 5, 2026

CTEC (Global X CleanTech ETF) and RAYS (Global X Solar ETF) are both Alternative Energy Equities funds from Global X - CTEC tracks the Indxx Global CleanTech Index while RAYS tracks the Solactive Solar Index. Both are passively managed. Both charge a 0.50% expense ratio.

Performance

CTEC vs. RAYS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X CleanTech ETF (CTEC) and Global X Solar ETF (RAYS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CTEC

• 1D: -0.04%
• 1M: 7.37%
• YTD: 42.92%
• 6M: 34.82%
• 1Y: 130.53%
• 3Y*: 2.12%
• 5Y*: -3.60%
• 10Y*: —

RAYS

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CTEC vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
CTEC Global X CleanTech ETF	26.10%
RAYS Global X Solar ETF	0.00%

CTEC vs. RAYS - Sectors Allocation Comparison

Sectors	CTEC	RAYS
Industrials	47.5%	21.4%
Energy	24.0%	-
Technology	12.6%	66.9%
Basic Materials	3.4%	0.9%
Consumer Cyclical	3.4%	4.0%
Utilities	1.9%	6.8%
Communication Services	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

CTEC vs. RAYS — Risk / Return Rank

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

CTEC

CTEC Risk / Return Rank: 91
CTEC Sharpe Ratio Rank: 95
CTEC Sortino Ratio Rank: 90
CTEC Omega Ratio Rank: 86
CTEC Calmar Ratio Rank: 94
CTEC Martin Ratio Rank: 88

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.

CTEC vs. RAYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X CleanTech ETF (CTEC) 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.

	CTEC	RAYS	Difference
Sharpe ratio: Return per unit of total volatility	3.76	—	—
Sortino ratio: Return per unit of downside risk	4.12	—	—
Omega ratio: Gain probability vs. loss probability	1.52	—	—
Calmar ratio: Return relative to maximum drawdown	7.45	—	—
Martin ratio: Return relative to average drawdown	19.38	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CTEC	RAYS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.76	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	—	—

Drawdowns

CTEC vs. RAYS - Drawdown Comparison

The maximum CTEC drawdown since its inception was -81.58%, which is greater than RAYS's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for CTEC and RAYS.

Drawdown Indicators

	CTEC	RAYS	Difference
Max Drawdown Largest peak-to-trough decline	-81.58%	0.00%	-81.58%
Max Drawdown (1Y) Largest decline over 1 year	-17.62%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-65.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-76.46%	—	—
Current Drawdown Current decline from peak	-45.78%	0.00%	-45.78%
Average Drawdown Average peak-to-trough decline	-52.38%	0.00%	-52.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.76%	—	—

Volatility

Volatility by Period

	CTEC	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.93%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.73%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	34.93%	0.00%	+34.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.38%	0.00%	+36.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.75%	0.00%	+37.75%

CTEC vs. RAYS - Expense Ratio Comparison

Both CTEC and RAYS have an expense ratio of 0.50%.

Dividends

CTEC vs. RAYS - Dividend Comparison

CTEC's dividend yield for the trailing twelve months is around 0.52%, while RAYS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
CTEC Global X CleanTech ETF	0.52%	0.75%	1.56%	0.51%	0.25%	0.39%	0.02%
RAYS Global X Solar ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, CTEC or RAYS?

Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CTEC or RAYS?

CTEC and RAYS have the same expense ratio: 0.50% per year.

Which ETF pays a higher dividend yield, CTEC or RAYS?

CTEC has the higher dividend yield at 0.52%, compared with 0.00% for RAYS.

What is the main difference between CTEC and RAYS?

CTEC tracks Indxx Global CleanTech Index, while RAYS tracks Solactive Solar Index.