NRJL.L vs. RAYG.L
NRJL.L (Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist) and RAYG.L (Global X Solar UCITS ETF USD Accumulating) are both Energy Equities funds tracking the S&P Global Clean Energy TR USD, from Amundi and Global X respectively. Both are passively managed. Over the past 3 years, NRJL.L returned 29.93%/yr vs -4.78%/yr for RAYG.L. A 0.62 correlation means they provide meaningful diversification when combined. NRJL.L charges 0.60%/yr vs 0.50%/yr for RAYG.L.
Performance
NRJL.L vs. RAYG.L - Performance Comparison
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Returns By Period
In the year-to-date period, NRJL.L achieves a 36.32% return, which is significantly higher than RAYG.L's 21.50% return.
NRJL.L
- 1D
- -2.12%
- 1M
- 1.03%
- YTD
- 36.32%
- 6M
- 130.93%
- 1Y
- 206.01%
- 3Y*
- 29.93%
- 5Y*
- 31.39%
- 10Y*
- —
RAYG.L
- 1D
- -2.44%
- 1M
- 4.16%
- YTD
- 21.50%
- 6M
- 23.84%
- 1Y
- 85.27%
- 3Y*
- -4.78%
- 5Y*
- —
- 10Y*
- —
NRJL.L vs. RAYG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NRJL.L Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist | 36.32% | 130.90% | -11.57% | -22.89% | 37.29% |
RAYG.L Global X Solar UCITS ETF USD Accumulating | 21.50% | 30.23% | -27.04% | -36.40% | 16.05% |
Correlation
The correlation between NRJL.L and RAYG.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | 0.62 |
The correlation between NRJL.L and RAYG.L shifts across timeframes, from 0.46 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NRJL.L vs. RAYG.L — Risk / Return Rank
NRJL.L
RAYG.L
NRJL.L vs. RAYG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.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.
| NRJL.L | RAYG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +7.14 | ||
| Omega ratioGain probability vs. loss probability | 2.46 | 1.41 | +1.05 |
| Calmar ratioReturn relative to maximum drawdown | 23.97 | 5.82 | +18.16 |
| Martin ratioReturn relative to average drawdown | 85.38 | 14.72 | +70.65 |
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
| NRJL.L | RAYG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.85 | 2.69 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | -0.11 | +0.78 |
Drawdowns
NRJL.L vs. RAYG.L - Drawdown Comparison
The maximum NRJL.L drawdown since its inception was -51.06%, smaller than the maximum RAYG.L drawdown of -71.14%. Use the drawdown chart below to compare losses from any high point for NRJL.L and RAYG.L.
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Drawdown Indicators
| NRJL.L | RAYG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.06% | -71.14% | +20.08% |
Max Drawdown (1Y)Largest decline over 1 year | -8.51% | -14.48% | +5.97% |
Max Drawdown (3Y)Largest decline over 3 years | -40.78% | -58.12% | +17.34% |
Max Drawdown (5Y)Largest decline over 5 years | -51.06% | — | — |
Current DrawdownCurrent decline from peak | -2.51% | -42.21% | +39.70% |
Average DrawdownAverage peak-to-trough decline | -22.13% | -42.80% | +20.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 5.73% | -3.34% |
Volatility
NRJL.L vs. RAYG.L - Volatility Comparison
The current volatility for Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.L) is 7.66%, while Global X Solar UCITS ETF USD Accumulating (RAYG.L) has a volatility of 8.58%. This indicates that NRJL.L experiences smaller price fluctuations and is considered to be less risky than RAYG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NRJL.L | RAYG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.66% | 8.58% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 54.66% | 21.55% | +33.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.66% | 31.33% | +40.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.42% | 32.59% | +12.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.84% | 32.59% | +11.25% |
NRJL.L vs. RAYG.L - Expense Ratio Comparison
NRJL.L has a 0.60% expense ratio, which is higher than RAYG.L's 0.50% expense ratio.
Dividends
NRJL.L vs. RAYG.L - Dividend Comparison
NRJL.L's dividend yield for the trailing twelve months is around 30.86%, while RAYG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
NRJL.L Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist | 30.86% | 42.07% | 0.73% | 0.77% | 23.99% | 31.56% |
RAYG.L Global X Solar UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NRJL.L and RAYG.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RAYG.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RAYG.L is cheaper with a 0.50% expense ratio, compared with 0.60% for NRJL.L.
Both ETFs track S&P Global Clean Energy TR USD. They also come from different issuers: Amundi and Global X. Their fees differ too: 0.60% for NRJL.L and 0.50% for RAYG.L.
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