RAYG.L vs. RNRU.L
RAYG.L (Global X Solar UCITS ETF USD Accumulating) and RNRU.L (Global X Renewable Energy Producers UCITS ETF USD Accumulating) are both Energy Equities funds from Global X tracking the S&P Global Clean Energy TR USD. Both are passively managed. Over the past 3 years, RAYG.L returned -4.78%/yr vs 2.64%/yr for RNRU.L. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
RAYG.L vs. RNRU.L - Performance Comparison
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Returns By Period
In the year-to-date period, RAYG.L achieves a 21.50% return, which is significantly higher than RNRU.L's 19.04% return.
RAYG.L
- 1D
- -2.44%
- 1M
- 4.77%
- YTD
- 21.50%
- 6M
- 25.77%
- 1Y
- 84.67%
- 3Y*
- -4.78%
- 5Y*
- —
- 10Y*
- —
RNRU.L
- 1D
- -2.01%
- 1M
- -0.63%
- YTD
- 19.04%
- 6M
- 18.21%
- 1Y
- 49.83%
- 3Y*
- 2.64%
- 5Y*
- —
- 10Y*
- —
RAYG.L vs. RNRU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RAYG.L Global X Solar UCITS ETF USD Accumulating | 21.50% | 30.23% | -27.04% | -36.40% | 16.05% |
RNRU.L Global X Renewable Energy Producers UCITS ETF USD Accumulating | 19.04% | 24.83% | -21.90% | -19.50% | 8.58% |
Correlation
The correlation between RAYG.L and RNRU.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | 0.49 |
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Return for Risk
RAYG.L vs. RNRU.L — Risk / Return Rank
RAYG.L
RNRU.L
RAYG.L vs. RNRU.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 Renewable Energy Producers UCITS ETF USD Accumulating (RNRU.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 | RNRU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.52 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 5.82 | 8.92 | -3.11 |
| Martin ratioReturn relative to average drawdown | 14.72 | 29.05 | -14.33 |
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 | RNRU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.69 | 3.13 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | -0.12 | +0.01 |
Drawdowns
RAYG.L vs. RNRU.L - Drawdown Comparison
The maximum RAYG.L drawdown since its inception was -71.14%, which is greater than RNRU.L's maximum drawdown of -53.53%. Use the drawdown chart below to compare losses from any high point for RAYG.L and RNRU.L.
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Drawdown Indicators
| RAYG.L | RNRU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.14% | -53.53% | -17.61% |
Max Drawdown (1Y)Largest decline over 1 year | -14.48% | -5.56% | -8.92% |
Max Drawdown (3Y)Largest decline over 3 years | -58.12% | -37.25% | -20.87% |
Current DrawdownCurrent decline from peak | -42.21% | -20.48% | -21.73% |
Average DrawdownAverage peak-to-trough decline | -42.80% | -29.04% | -13.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 1.71% | +4.02% |
Volatility
RAYG.L vs. RNRU.L - Volatility Comparison
Global X Solar UCITS ETF USD Accumulating (RAYG.L) has a higher volatility of 8.58% compared to Global X Renewable Energy Producers UCITS ETF USD Accumulating (RNRU.L) at 5.73%. This indicates that RAYG.L's price experiences larger fluctuations and is considered to be riskier than RNRU.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 | RNRU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.58% | 5.73% | +2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 21.55% | 11.94% | +9.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.33% | 15.86% | +15.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.59% | 18.35% | +14.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.59% | 18.35% | +14.24% |
RAYG.L vs. RNRU.L - Expense Ratio Comparison
Both RAYG.L and RNRU.L have an expense ratio of 0.50%.
Dividends
RAYG.L vs. RNRU.L - Dividend Comparison
Neither RAYG.L nor RNRU.L has paid dividends to shareholders.
Frequently Asked Questions
RAYG.L and RNRU.L have a correlation of 0.40, 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 RNRU.L have the same expense ratio: 0.50% per year.
Both ETFs track S&P Global Clean Energy TR USD.
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