RAYG.L vs. NCLP.L
RAYG.L (Global X Solar UCITS ETF USD Accumulating) and NCLP.L (WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating) are both Energy Equities funds - RAYG.L tracks the S&P Global Clean Energy TR USD while NCLP.L tracks the WisdomTree Uranium and Nuclear Energy UCITS Index. Both are passively managed. Over the past year, RAYG.L returned 84.67% vs 78.50% for NCLP.L. At a 0.34 correlation, their price movements are largely independent. RAYG.L charges 0.50%/yr vs 0.45%/yr for NCLP.L.
Performance
RAYG.L vs. NCLP.L - Performance Comparison
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Different Trading Currencies
RAYG.L is traded in GBP, while NCLP.L is traded in GBp. To make them comparable, the NCLP.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, RAYG.L achieves a 21.50% return, which is significantly higher than NCLP.L's 17.09% return.
RAYG.L
- 1D
- -2.44%
- 1M
- 4.77%
- YTD
- 21.50%
- 6M
- 25.77%
- 1Y
- 84.67%
- 3Y*
- -4.78%
- 5Y*
- —
- 10Y*
- —
NCLP.L
- 1D
- -0.28%
- 1M
- -8.79%
- YTD
- 17.09%
- 6M
- 10.83%
- 1Y
- 78.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RAYG.L vs. NCLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RAYG.L Global X Solar UCITS ETF USD Accumulating | 21.50% | 37.23% |
NCLP.L WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating | 17.09% | 94.52% |
Correlation
The correlation between RAYG.L and NCLP.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 (All Time) Calculated using the full available price history since Mar 13, 2025 | 0.34 |
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Return for Risk
RAYG.L vs. NCLP.L — Risk / Return Rank
RAYG.L
NCLP.L
RAYG.L vs. NCLP.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 WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.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 | NCLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.28 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 5.82 | 2.90 | +2.92 |
| Martin ratioReturn relative to average drawdown | 14.72 | 7.54 | +7.18 |
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 | NCLP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.69 | 1.73 | +0.96 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 2.11 | -2.22 |
Drawdowns
RAYG.L vs. NCLP.L - Drawdown Comparison
The maximum RAYG.L drawdown since its inception was -71.14%, which is greater than NCLP.L's maximum drawdown of -26.96%. Use the drawdown chart below to compare losses from any high point for RAYG.L and NCLP.L.
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Drawdown Indicators
| RAYG.L | NCLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.14% | -26.96% | -44.18% |
Max Drawdown (1Y)Largest decline over 1 year | -14.48% | -26.96% | +12.48% |
Max Drawdown (3Y)Largest decline over 3 years | -58.12% | — | — |
Current DrawdownCurrent decline from peak | -42.21% | -15.07% | -27.14% |
Average DrawdownAverage peak-to-trough decline | -42.80% | -7.53% | -35.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 10.38% | -4.65% |
Volatility
RAYG.L vs. NCLP.L - Volatility Comparison
The current volatility for Global X Solar UCITS ETF USD Accumulating (RAYG.L) is 8.58%, while WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.L) has a volatility of 12.79%. This indicates that RAYG.L experiences smaller price fluctuations and is considered to be less risky than NCLP.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 | NCLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.58% | 12.79% | -4.21% |
Volatility (6M)Calculated over the trailing 6-month period | 21.55% | 31.79% | -10.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.33% | 45.11% | -13.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.59% | 45.42% | -12.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.59% | 45.42% | -12.83% |
RAYG.L vs. NCLP.L - Expense Ratio Comparison
RAYG.L has a 0.50% expense ratio, which is higher than NCLP.L's 0.45% expense ratio.
Dividends
RAYG.L vs. NCLP.L - Dividend Comparison
Neither RAYG.L nor NCLP.L has paid dividends to shareholders.
Frequently Asked Questions
RAYG.L and NCLP.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.
On fees, NCLP.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NCLP.L is cheaper with a 0.45% expense ratio, compared with 0.50% for RAYG.L.
RAYG.L tracks S&P Global Clean Energy TR USD, while NCLP.L tracks WisdomTree Uranium and Nuclear Energy UCITS Index. They also come from different issuers: Global X and WisdomTree. Their fees differ too: 0.50% for RAYG.L and 0.45% for NCLP.L.
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