FLIN vs. RAYS

Last updated Jun 13, 2026

FLIN (Franklin FTSE India ETF) and RAYS (Global X Solar ETF) are both exchange-traded funds - FLIN is a Asia Pacific Equities fund tracking the FTSE India RIC Capped Index, while RAYS is a Alternative Energy Equities fund tracking the Solactive Solar Index. Both are passively managed. FLIN charges 0.19%/yr vs 0.50%/yr for RAYS.

Performance

FLIN vs. RAYS - Performance Comparison

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

Returns By Period

FLIN

• 1D: 1.11%
• 1M: 0.44%
• YTD: -10.29%
• 6M: -8.41%
• 1Y: -11.39%
• 3Y*: 5.77%
• 5Y*: 3.89%
• 10Y*: —

RAYS

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

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

FLIN vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
FLIN Franklin FTSE India ETF	-8.41%
RAYS Global X Solar ETF	0.00%

FLIN vs. RAYS - Sectors Allocation Comparison

Sectors	FLIN	RAYS
Financial Services	27.2%	-
Consumer Cyclical	12.0%	4.0%
Industrials	10.3%	21.4%
Energy	9.5%	-
Basic Materials	9.2%	0.9%
Technology	8.4%	66.9%
Healthcare	6.5%	-
Consumer Defensive	5.8%	-
Utilities	5.3%	6.8%
Communication Services	4.6%	-
Real Estate	1.3%	-

Return for Risk

FLIN vs. RAYS — Risk / Return Rank

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

FLIN

FLIN Risk / Return Rank: 3
FLIN Sharpe Ratio Rank: 3
FLIN Sortino Ratio Rank: 4
FLIN Omega Ratio Rank: 4
FLIN Calmar Ratio Rank: 5
FLIN Martin Ratio Rank: 2

RAYS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

FLIN vs. RAYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE India ETF (FLIN) 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.

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.

	FLIN	RAYS	Difference
Sharpe ratio: Return per unit of total volatility	-0.76	—	—
Sortino ratio: Return per unit of downside risk	-1.03	—	—
Omega ratio: Gain probability vs. loss probability	0.88	—	—
Calmar ratio: Return relative to maximum drawdown	-0.61	—	—
Martin ratio: Return relative to average drawdown	-1.44	—	—

Drawdowns

FLIN vs. RAYS - Drawdown Comparison

The maximum FLIN drawdown since its inception was -41.90%, which is greater than RAYS's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FLIN and RAYS.

Drawdown Indicators

	FLIN	RAYS	Difference
Max Drawdown Largest peak-to-trough decline	-41.90%	0.00%	-41.90%
Max Drawdown (1Y) Largest decline over 1 year	-18.79%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.85%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.85%	—	—
Current Drawdown Current decline from peak	-17.41%	0.00%	-17.41%
Average Drawdown Average peak-to-trough decline	-8.04%	0.00%	-8.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.93%	—	—

Volatility

Volatility by Period

	FLIN	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.03%	0.00%	+15.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.76%	0.00%	+15.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.43%	0.00%	+20.43%

FLIN vs. RAYS - Expense Ratio Comparison

FLIN has a 0.19% expense ratio, which is lower than RAYS's 0.50% expense ratio.

Dividends

FLIN vs. RAYS - Dividend Comparison

FLIN's dividend yield for the trailing twelve months is around 0.62%, while RAYS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FLIN Franklin FTSE India ETF	0.62%	0.56%	1.58%	0.73%	0.73%	2.26%	0.68%	0.90%	0.92%
RAYS Global X Solar ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, FLIN or RAYS?

On fees, FLIN is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLIN or RAYS?

FLIN is cheaper with a 0.19% expense ratio, compared with 0.50% for RAYS.

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

FLIN has the higher dividend yield at 0.62%, compared with 0.00% for RAYS.

What is the main difference between FLIN and RAYS?

FLIN is categorized as Asia Pacific Equities, while RAYS is Alternative Energy Equities. FLIN tracks FTSE India RIC Capped Index, while RAYS tracks Solactive Solar Index. They also come from different issuers: Franklin Templeton and Global X. Their fees differ too: 0.19% for FLIN and 0.50% for RAYS.