RAYG.L vs. WENS.L
RAYG.L (Global X Solar UCITS ETF USD Accumulating) and WENS.L (iShares MSCI World Energy Sector UCITS ETF USD (Dist)) are both Energy Equities funds - RAYG.L tracks the S&P Global Clean Energy TR USD while WENS.L tracks the MSCI World/Energy NR USD. Both are passively managed. Over the past 3 years, RAYG.L returned -4.78%/yr vs 13.87%/yr for WENS.L. At a 0.14 correlation, their price movements are largely independent. RAYG.L charges 0.50%/yr vs 0.25%/yr for WENS.L.
Performance
RAYG.L vs. WENS.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 lower than WENS.L's 31.38% return.
RAYG.L
- 1D
- -2.44%
- 1M
- 4.77%
- YTD
- 21.50%
- 6M
- 25.77%
- 1Y
- 84.67%
- 3Y*
- -4.78%
- 5Y*
- —
- 10Y*
- —
WENS.L
- 1D
- -0.43%
- 1M
- -0.63%
- YTD
- 31.38%
- 6M
- 26.68%
- 1Y
- 44.00%
- 3Y*
- 13.87%
- 5Y*
- —
- 10Y*
- —
RAYG.L vs. WENS.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% | -6.30% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 31.38% | 3.24% | 2.09% | -2.00% | 17.73% |
Correlation
The correlation between RAYG.L and WENS.L is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2022 | 0.14 |
The correlation between RAYG.L and WENS.L shifts across timeframes, from -0.08 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RAYG.L vs. WENS.L — Risk / Return Rank
RAYG.L
WENS.L
RAYG.L vs. WENS.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 iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.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 | WENS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.82 | 2.99 | +2.82 |
| Martin ratioReturn relative to average drawdown | 14.72 | 9.66 | +5.06 |
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 | WENS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.69 | 2.06 | +0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.59 | -0.70 |
Drawdowns
RAYG.L vs. WENS.L - Drawdown Comparison
The maximum RAYG.L drawdown since its inception was -71.14%, which is greater than WENS.L's maximum drawdown of -22.49%. Use the drawdown chart below to compare losses from any high point for RAYG.L and WENS.L.
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Drawdown Indicators
| RAYG.L | WENS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.14% | -22.49% | -48.65% |
Max Drawdown (1Y)Largest decline over 1 year | -14.48% | -14.63% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -58.12% | -22.49% | -35.63% |
Current DrawdownCurrent decline from peak | -42.21% | -7.62% | -34.59% |
Average DrawdownAverage peak-to-trough decline | -42.80% | -9.15% | -33.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 4.54% | +1.19% |
Volatility
RAYG.L vs. WENS.L - Volatility Comparison
Global X Solar UCITS ETF USD Accumulating (RAYG.L) has a higher volatility of 8.58% compared to iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) at 7.96%. This indicates that RAYG.L's price experiences larger fluctuations and is considered to be riskier than WENS.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 | WENS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.58% | 7.96% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 21.55% | 18.19% | +3.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.33% | 21.33% | +10.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.59% | 21.49% | +11.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.59% | 21.49% | +11.10% |
RAYG.L vs. WENS.L - Expense Ratio Comparison
RAYG.L has a 0.50% expense ratio, which is higher than WENS.L's 0.25% expense ratio.
Dividends
RAYG.L vs. WENS.L - Dividend Comparison
Neither RAYG.L nor WENS.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
RAYG.L Global X Solar UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 0.00% | 0.00% | 1.75% | 3.61% | 1.77% |
Frequently Asked Questions
RAYG.L and WENS.L have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WENS.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WENS.L is cheaper with a 0.25% expense ratio, compared with 0.50% for RAYG.L.
RAYG.L tracks S&P Global Clean Energy TR USD, while WENS.L tracks MSCI World/Energy NR USD. They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for RAYG.L and 0.25% for WENS.L.
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