RAYG.L vs. BKCG.L
RAYG.L (Global X Solar UCITS ETF USD Accumulating) and BKCG.L (Global X Blockchain UCITS ETF USD Accumulating) are both exchange-traded funds - RAYG.L is a Energy Equities fund tracking the S&P Global Clean Energy TR USD, while BKCG.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 3 years, RAYG.L returned -4.29%/yr vs 56.75%/yr for BKCG.L. At a 0.28 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
RAYG.L vs. BKCG.L - Performance Comparison
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Returns By Period
In the year-to-date period, RAYG.L achieves a 24.53% return, which is significantly lower than BKCG.L's 40.70% return.
RAYG.L
- 1D
- -0.88%
- 1M
- 9.70%
- YTD
- 24.53%
- 6M
- 30.05%
- 1Y
- 92.04%
- 3Y*
- -4.29%
- 5Y*
- —
- 10Y*
- —
BKCG.L
- 1D
- -2.95%
- 1M
- 20.72%
- YTD
- 40.70%
- 6M
- 20.54%
- 1Y
- 123.15%
- 3Y*
- 56.75%
- 5Y*
- —
- 10Y*
- —
RAYG.L vs. BKCG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RAYG.L Global X Solar UCITS ETF USD Accumulating | 24.53% | 30.23% | -27.04% | -36.40% | 16.05% |
BKCG.L Global X Blockchain UCITS ETF USD Accumulating | 40.70% | 23.16% | 6.98% | 308.24% | -79.88% |
Correlation
The correlation between RAYG.L and BKCG.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | 0.28 |
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Return for Risk
RAYG.L vs. BKCG.L — Risk / Return Rank
RAYG.L
BKCG.L
RAYG.L vs. BKCG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Solar UCITS ETF USD Accumulating (RAYG.L) and Global X Blockchain UCITS ETF USD Accumulating (BKCG.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.
| RAYG.L | BKCG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.27 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 6.32 | 2.26 | +4.06 |
| Martin ratioReturn relative to average drawdown | 16.04 | 4.12 | +11.93 |
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
| RAYG.L | BKCG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.93 | 1.83 | +1.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.18 | -0.27 |
Drawdowns
RAYG.L vs. BKCG.L - Drawdown Comparison
The maximum RAYG.L drawdown since its inception was -71.14%, smaller than the maximum BKCG.L drawdown of -82.56%. Use the drawdown chart below to compare losses from any high point for RAYG.L and BKCG.L.
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Drawdown Indicators
| RAYG.L | BKCG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.14% | -82.56% | +11.42% |
Max Drawdown (1Y)Largest decline over 1 year | -14.48% | -54.08% | +39.60% |
Max Drawdown (3Y)Largest decline over 3 years | -58.12% | -57.72% | -0.40% |
Current DrawdownCurrent decline from peak | -40.76% | -23.01% | -17.75% |
Average DrawdownAverage peak-to-trough decline | -42.80% | -43.38% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.72% | 29.80% | -24.08% |
Volatility
RAYG.L vs. BKCG.L - Volatility Comparison
The current volatility for Global X Solar UCITS ETF USD Accumulating (RAYG.L) is 8.30%, while Global X Blockchain UCITS ETF USD Accumulating (BKCG.L) has a volatility of 19.42%. This indicates that RAYG.L experiences smaller price fluctuations and is considered to be less risky than BKCG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAYG.L | BKCG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.30% | 19.42% | -11.12% |
Volatility (6M)Calculated over the trailing 6-month period | 21.44% | 45.99% | -24.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.26% | 67.16% | -35.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.58% | 74.55% | -41.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.58% | 74.55% | -41.97% |
RAYG.L vs. BKCG.L - Expense Ratio Comparison
Both RAYG.L and BKCG.L have an expense ratio of 0.50%.
Dividends
RAYG.L vs. BKCG.L - Dividend Comparison
Neither RAYG.L nor BKCG.L has paid dividends to shareholders.
Frequently Asked Questions
RAYG.L and BKCG.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
RAYG.L and BKCG.L have the same expense ratio: 0.50% per year.
RAYG.L is categorized as Energy Equities, while BKCG.L is Technology Equities. RAYG.L tracks S&P Global Clean Energy TR USD, while BKCG.L tracks MSCI World/Information Tech NR USD.
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