RAYG.L vs. WDEE.L
RAYG.L (Global X Solar UCITS ETF USD Accumulating) and WDEE.L (Invesco S&P World Energy Targeted & Screened UCITS ETF Acc) are both Energy Equities funds - RAYG.L tracks the S&P Global Clean Energy TR USD while WDEE.L tracks the S&P World Energy Targeted & Screened Index. Both are passively managed. Over the past 3 years, RAYG.L returned -4.78%/yr vs 15.96%/yr for WDEE.L. At a 0.12 correlation, their price movements are largely independent. RAYG.L charges 0.50%/yr vs 0.18%/yr for WDEE.L.
Performance
RAYG.L vs. WDEE.L - Performance Comparison
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Different Trading Currencies
RAYG.L is traded in GBP, while WDEE.L is traded in USD. To make them comparable, the WDEE.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 lower than WDEE.L's 30.50% return.
RAYG.L
- 1D
- -2.44%
- 1M
- 4.77%
- YTD
- 21.50%
- 6M
- 25.77%
- 1Y
- 84.67%
- 3Y*
- -4.78%
- 5Y*
- —
- 10Y*
- —
WDEE.L
- 1D
- -0.74%
- 1M
- -1.16%
- YTD
- 30.50%
- 6M
- 26.32%
- 1Y
- 40.90%
- 3Y*
- 15.96%
- 5Y*
- —
- 10Y*
- —
RAYG.L vs. WDEE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RAYG.L Global X Solar UCITS ETF USD Accumulating | 21.50% | 30.23% | -27.04% | -35.29% |
WDEE.L Invesco S&P World Energy Targeted & Screened UCITS ETF Acc | 30.50% | 1.24% | 5.84% | 4.65% |
Correlation
The correlation between RAYG.L and WDEE.L is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.12 |
The correlation between RAYG.L and WDEE.L shifts across timeframes, from -0.12 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RAYG.L vs. WDEE.L — Risk / Return Rank
RAYG.L
WDEE.L
RAYG.L vs. WDEE.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 Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.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 | WDEE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.36 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 5.82 | 3.43 | +2.38 |
| Martin ratioReturn relative to average drawdown | 14.72 | 10.75 | +3.97 |
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 | WDEE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.69 | 2.09 | +0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.67 | -0.78 |
Drawdowns
RAYG.L vs. WDEE.L - Drawdown Comparison
The maximum RAYG.L drawdown since its inception was -71.14%, which is greater than WDEE.L's maximum drawdown of -21.91%. Use the drawdown chart below to compare losses from any high point for RAYG.L and WDEE.L.
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Drawdown Indicators
| RAYG.L | WDEE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.14% | -21.91% | -49.23% |
Max Drawdown (1Y)Largest decline over 1 year | -14.48% | -11.86% | -2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -58.12% | -21.91% | -36.21% |
Current DrawdownCurrent decline from peak | -42.21% | -5.47% | -36.74% |
Average DrawdownAverage peak-to-trough decline | -42.80% | -7.26% | -35.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 3.79% | +1.94% |
Volatility
RAYG.L vs. WDEE.L - Volatility Comparison
Global X Solar UCITS ETF USD Accumulating (RAYG.L) has a higher volatility of 8.58% compared to Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.L) at 7.32%. This indicates that RAYG.L's price experiences larger fluctuations and is considered to be riskier than WDEE.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 | WDEE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.58% | 7.32% | +1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 21.55% | 15.99% | +5.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.33% | 19.54% | +11.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.59% | 19.34% | +13.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.59% | 19.34% | +13.25% |
RAYG.L vs. WDEE.L - Expense Ratio Comparison
RAYG.L has a 0.50% expense ratio, which is higher than WDEE.L's 0.18% expense ratio.
Dividends
RAYG.L vs. WDEE.L - Dividend Comparison
Neither RAYG.L nor WDEE.L has paid dividends to shareholders.
Frequently Asked Questions
RAYG.L and WDEE.L have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WDEE.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDEE.L is cheaper with a 0.18% expense ratio, compared with 0.50% for RAYG.L.
RAYG.L tracks S&P Global Clean Energy TR USD, while WDEE.L tracks S&P World Energy Targeted & Screened Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.50% for RAYG.L and 0.18% for WDEE.L.
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