EYED.L vs. RAYG.L
EYED.L (iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist)) and RAYG.L (Global X Solar UCITS ETF USD Accumulating) are both Energy Equities funds - EYED.L tracks the MSCI World/Energy NR USD while RAYG.L tracks the S&P Global Clean Energy TR USD. Both are passively managed. Over the past 3 years, EYED.L returned 17.65%/yr vs -4.78%/yr for RAYG.L. At a 0.16 correlation, their price movements are largely independent. EYED.L charges 0.18%/yr vs 0.50%/yr for RAYG.L.
Performance
EYED.L vs. RAYG.L - Performance Comparison
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Returns By Period
In the year-to-date period, EYED.L achieves a 34.28% return, which is significantly higher than RAYG.L's 21.50% return.
EYED.L
- 1D
- -1.18%
- 1M
- -2.75%
- YTD
- 34.28%
- 6M
- 30.34%
- 1Y
- 58.34%
- 3Y*
- 17.65%
- 5Y*
- —
- 10Y*
- —
RAYG.L
- 1D
- -2.44%
- 1M
- 4.77%
- YTD
- 21.50%
- 6M
- 25.77%
- 1Y
- 84.67%
- 3Y*
- -4.78%
- 5Y*
- —
- 10Y*
- —
EYED.L vs. RAYG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EYED.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) | 34.28% | 20.20% | -10.02% | 5.93% | 5.36% |
RAYG.L Global X Solar UCITS ETF USD Accumulating | 21.50% | 30.23% | -27.04% | -36.40% | -7.27% |
Correlation
The correlation between EYED.L and RAYG.L is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2022 | 0.16 |
The correlation between EYED.L and RAYG.L shifts across timeframes, from -0.08 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EYED.L vs. RAYG.L — Risk / Return Rank
EYED.L
RAYG.L
EYED.L vs. RAYG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) (EYED.L) and Global X Solar UCITS ETF USD Accumulating (RAYG.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.
| EYED.L | RAYG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.41 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.79 | 5.82 | -1.03 |
| Martin ratioReturn relative to average drawdown | 14.52 | 14.72 | -0.20 |
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
| EYED.L | RAYG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 2.69 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | -0.11 | +0.78 |
Drawdowns
EYED.L vs. RAYG.L - Drawdown Comparison
The maximum EYED.L drawdown since its inception was -25.34%, smaller than the maximum RAYG.L drawdown of -71.14%. Use the drawdown chart below to compare losses from any high point for EYED.L and RAYG.L.
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Drawdown Indicators
| EYED.L | RAYG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.34% | -71.14% | +45.80% |
Max Drawdown (1Y)Largest decline over 1 year | -12.12% | -14.48% | +2.36% |
Max Drawdown (3Y)Largest decline over 3 years | -25.34% | -58.12% | +32.78% |
Current DrawdownCurrent decline from peak | -7.53% | -42.21% | +34.68% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -42.80% | +34.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 5.73% | -1.72% |
Volatility
EYED.L vs. RAYG.L - Volatility Comparison
iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) (EYED.L) and Global X Solar UCITS ETF USD Accumulating (RAYG.L) have volatilities of 8.43% and 8.58%, 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.
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Volatility by Period
| EYED.L | RAYG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.43% | 8.58% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 18.97% | 21.55% | -2.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.35% | 31.33% | -8.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.02% | 32.59% | -11.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 32.59% | -11.57% |
EYED.L vs. RAYG.L - Expense Ratio Comparison
EYED.L has a 0.18% expense ratio, which is lower than RAYG.L's 0.50% expense ratio.
Dividends
EYED.L vs. RAYG.L - Dividend Comparison
EYED.L's dividend yield for the trailing twelve months is around 3.87%, while RAYG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EYED.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) | 3.87% | 5.09% | 5.79% | 5.09% |
RAYG.L Global X Solar UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EYED.L and RAYG.L have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EYED.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EYED.L is cheaper with a 0.18% expense ratio, compared with 0.50% for RAYG.L.
EYED.L tracks MSCI World/Energy NR USD, while RAYG.L tracks S&P Global Clean Energy TR USD. They also come from different issuers: iShares and Global X. Their fees differ too: 0.18% for EYED.L and 0.50% for RAYG.L.
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