HYDR vs. RAYS

Last updated Apr 2, 2026

Compare and contrast key facts about Global X Hydrogen ETF (HYDR) and Global X Solar ETF (RAYS).

HYDR and RAYS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYDR is a passively managed fund by Global X that tracks the performance of the Solactive Global Hydrogen Index - Benchmark TR Net. It was launched on Jul 12, 2021. RAYS is a passively managed fund by Global X that tracks the performance of the Solactive Solar Index. It was launched on Sep 8, 2021. Both HYDR and RAYS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

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.

HYDR vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
HYDR Global X Hydrogen ETF	-2.64%
RAYS Global X Solar ETF	0.00%

Returns By Period

HYDR

• 1D: 0.65%
• 1M: -5.99%
• YTD: 14.75%
• 6M: -0.04%
• 1Y: 117.67%
• 3Y*: -11.33%
• 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 - Expense Ratio Comparison

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

HYDR

Global X Hydrogen ETF

RAYS

Global X Solar ETF

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: 90
HYDR Sharpe Ratio Rank: 94
HYDR Sortino Ratio Rank: 94
HYDR Omega Ratio Rank: 86
HYDR Calmar Ratio Rank: 95
HYDR Martin Ratio Rank: 83

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	2.40	—	—
Sortino ratio Return per unit of downside risk	2.99	—	—
Omega ratio Gain probability vs. loss probability	1.35	—	—
Calmar ratio Return relative to maximum drawdown	4.13	—	—
Martin ratio Return relative to average drawdown	9.89	—	—
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	2.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.47	—	—

Dividends

HYDR vs. RAYS - Dividend Comparison

HYDR's dividend yield for the trailing twelve months is around 3.33%, while RAYS has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021
HYDR Global X Hydrogen ETF	3.33%	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%

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%	—	—
Current Drawdown Current decline from peak	-73.65%	0.00%	-73.65%
Average Drawdown Average peak-to-trough decline	-64.40%	0.00%	-64.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.42%	—	—

Volatility

Volatility by Period

	HYDR	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.62%	—	—
Volatility (6M) Calculated over the trailing 6-month period	38.08%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	49.41%	0.00%	+49.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.23%	0.00%	+46.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.23%	0.00%	+46.23%