HYDR vs. RAYS

Last updated Jun 5, 2026

HYDR (Global X Hydrogen ETF) and RAYS (Global X Solar ETF) are both Alternative Energy Equities funds from Global X - HYDR tracks the Solactive Global Hydrogen Index - Benchmark TR Net while RAYS tracks the Solactive Solar Index. Both are passively managed. Both charge a 0.50% expense ratio.

Performance

HYDR vs. RAYS - Performance Comparison

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

Returns By Period

HYDR

• 1D: -3.90%
• 1M: 2.47%
• YTD: 101.95%
• 6M: 76.41%
• 1Y: 232.59%
• 3Y*: 14.46%
• 5Y*: —
• 10Y*: —

RAYS

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

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

HYDR vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
HYDR Global X Hydrogen ETF	71.36%
RAYS Global X Solar ETF	0.00%

HYDR vs. RAYS - Sectors Allocation Comparison

Sectors	HYDR	RAYS
Industrials	84.7%	21.4%
Basic Materials	2.4%	0.9%
Consumer Cyclical	2.3%	4.0%
Technology	0.5%	66.9%
Energy	0.4%	-
Communication Services	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	6.8%

Return for Risk

HYDR vs. RAYS — Risk / Return Rank

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

HYDR

HYDR Risk / Return Rank: 91
HYDR Sharpe Ratio Rank: 96
HYDR Sortino Ratio Rank: 92
HYDR Omega Ratio Rank: 85
HYDR Calmar Ratio Rank: 95
HYDR Martin Ratio Rank: 87

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.

HYDR vs. RAYS - Risk-Adjusted Trends Comparison

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

	HYDR	RAYS	Difference
Sharpe ratio: Return per unit of total volatility	4.32	—	—
Sortino ratio: Return per unit of downside risk	4.37	—	—
Omega ratio: Gain probability vs. loss probability	1.52	—	—
Calmar ratio: Return relative to maximum drawdown	7.87	—	—
Martin ratio: Return relative to average drawdown	18.50	—	—
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

	HYDR	RAYS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.24	—	—

Drawdowns

HYDR vs. RAYS - Drawdown Comparison

The maximum HYDR drawdown since its inception was -89.28%, which is greater than RAYS's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for HYDR and RAYS.

Drawdown Indicators

	HYDR	RAYS	Difference
Max Drawdown Largest peak-to-trough decline	-89.28%	0.00%	-89.28%
Max Drawdown (1Y) Largest decline over 1 year	-29.76%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-70.32%	—	—
Current Drawdown Current decline from peak	-53.63%	0.00%	-53.63%
Average Drawdown Average peak-to-trough decline	-64.20%	0.00%	-64.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.64%	—	—

Volatility

Volatility by Period

	HYDR	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.28%	—	—
Volatility (6M) Calculated over the trailing 6-month period	35.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	54.22%	0.00%	+54.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.24%	0.00%	+47.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.24%	0.00%	+47.24%

HYDR vs. RAYS - Expense Ratio Comparison

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

Dividends

HYDR vs. RAYS - Dividend Comparison

HYDR's dividend yield for the trailing twelve months is around 1.89%, while RAYS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
HYDR Global X Hydrogen ETF	1.89%	3.82%	0.40%	0.00%	0.00%	0.06%
RAYS Global X Solar ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, HYDR 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, HYDR or RAYS?

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

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

HYDR has the higher dividend yield at 1.89%, compared with 0.00% for RAYS.

What is the main difference between HYDR and RAYS?

HYDR tracks Solactive Global Hydrogen Index - Benchmark TR Net, while RAYS tracks Solactive Solar Index.