RAYG.L vs. URNG.L
RAYG.L (Global X Solar UCITS ETF USD Accumulating) and URNG.L (Global X Uranium 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 URNG.L is a Commodity Producers Equities fund tracking the Solactive Global Uranium & Nuclear Components. Both are passively managed. Over the past 3 years, RAYG.L returned -4.78%/yr vs 36.12%/yr for URNG.L. At a 0.30 correlation, their price movements are largely independent. RAYG.L charges 0.50%/yr vs 0.65%/yr for URNG.L.
Performance
RAYG.L vs. URNG.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 URNG.L's 18.27% return.
RAYG.L
- 1D
- -2.44%
- 1M
- 4.77%
- YTD
- 21.50%
- 6M
- 25.77%
- 1Y
- 84.67%
- 3Y*
- -4.78%
- 5Y*
- —
- 10Y*
- —
URNG.L
- 1D
- -0.48%
- 1M
- -7.77%
- YTD
- 18.27%
- 6M
- 7.25%
- 1Y
- 64.64%
- 3Y*
- 36.12%
- 5Y*
- —
- 10Y*
- —
RAYG.L vs. URNG.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% | 24.89% |
URNG.L Global X Uranium UCITS ETF USD Accumulating | 18.27% | 58.50% | 2.96% | 30.86% | -14.11% |
Correlation
The correlation between RAYG.L and URNG.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2022 | 0.30 |
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Return for Risk
RAYG.L vs. URNG.L — Risk / Return Rank
RAYG.L
URNG.L
RAYG.L vs. URNG.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 Uranium UCITS ETF USD Accumulating (URNG.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 | URNG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.23 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 5.82 | 1.97 | +3.84 |
| Martin ratioReturn relative to average drawdown | 14.72 | 5.06 | +9.67 |
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 | URNG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.69 | 1.31 | +1.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.52 | -0.63 |
Drawdowns
RAYG.L vs. URNG.L - Drawdown Comparison
The maximum RAYG.L drawdown since its inception was -71.14%, which is greater than URNG.L's maximum drawdown of -38.98%. Use the drawdown chart below to compare losses from any high point for RAYG.L and URNG.L.
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Drawdown Indicators
| RAYG.L | URNG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.14% | -38.98% | -32.16% |
Max Drawdown (1Y)Largest decline over 1 year | -14.48% | -32.59% | +18.11% |
Max Drawdown (3Y)Largest decline over 3 years | -58.12% | -38.98% | -19.14% |
Current DrawdownCurrent decline from peak | -42.21% | -13.93% | -28.28% |
Average DrawdownAverage peak-to-trough decline | -42.80% | -12.79% | -30.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 12.75% | -7.02% |
Volatility
RAYG.L vs. URNG.L - Volatility Comparison
The current volatility for Global X Solar UCITS ETF USD Accumulating (RAYG.L) is 8.58%, while Global X Uranium UCITS ETF USD Accumulating (URNG.L) has a volatility of 14.89%. This indicates that RAYG.L experiences smaller price fluctuations and is considered to be less risky than URNG.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 | URNG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.58% | 14.89% | -6.31% |
Volatility (6M)Calculated over the trailing 6-month period | 21.55% | 33.87% | -12.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.33% | 49.10% | -17.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.59% | 39.66% | -7.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.59% | 39.66% | -7.07% |
RAYG.L vs. URNG.L - Expense Ratio Comparison
RAYG.L has a 0.50% expense ratio, which is lower than URNG.L's 0.65% expense ratio.
Dividends
RAYG.L vs. URNG.L - Dividend Comparison
Neither RAYG.L nor URNG.L has paid dividends to shareholders.
Frequently Asked Questions
RAYG.L and URNG.L have a correlation of 0.34, 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 0.65% for URNG.L.
RAYG.L is categorized as Energy Equities, while URNG.L is Commodity Producers Equities. RAYG.L tracks S&P Global Clean Energy TR USD, while URNG.L tracks Solactive Global Uranium & Nuclear Components. Their fees differ too: 0.50% for RAYG.L and 0.65% for URNG.L.
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