RAYG.L vs. XSEN.L
RAYG.L (Global X Solar UCITS ETF USD Accumulating) and XSEN.L (Xtrackers MSCI USA Energy UCITS ETF 1D) are both Energy Equities funds - RAYG.L tracks the S&P Global Clean Energy TR USD while XSEN.L tracks the MSCI World/Energy NR USD. Both are passively managed. Over the past 3 years, RAYG.L returned -4.78%/yr vs 14.11%/yr for XSEN.L. At a 0.13 correlation, their price movements are largely independent. RAYG.L charges 0.50%/yr vs 0.12%/yr for XSEN.L.
Performance
RAYG.L vs. XSEN.L - Performance Comparison
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Different Trading Currencies
RAYG.L is traded in GBP, while XSEN.L is traded in GBp. To make them comparable, the XSEN.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 XSEN.L's 30.06% return.
RAYG.L
- 1D
- -2.44%
- 1M
- 4.77%
- YTD
- 21.50%
- 6M
- 25.77%
- 1Y
- 84.67%
- 3Y*
- -4.78%
- 5Y*
- —
- 10Y*
- —
XSEN.L
- 1D
- -0.32%
- 1M
- -0.61%
- YTD
- 30.06%
- 6M
- 28.04%
- 1Y
- 45.70%
- 3Y*
- 14.11%
- 5Y*
- 21.37%
- 10Y*
- —
RAYG.L vs. XSEN.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% |
XSEN.L Xtrackers MSCI USA Energy UCITS ETF 1D | 30.06% | 1.87% | 6.67% | -5.89% | 48.25% |
Correlation
The correlation between RAYG.L and XSEN.L is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | 0.13 |
The correlation between RAYG.L and XSEN.L shifts across timeframes, from -0.10 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RAYG.L vs. XSEN.L — Risk / Return Rank
RAYG.L
XSEN.L
RAYG.L vs. XSEN.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 Xtrackers MSCI USA Energy UCITS ETF 1D (XSEN.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 | XSEN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.34 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 5.82 | 2.75 | +3.07 |
| Martin ratioReturn relative to average drawdown | 14.72 | 8.57 | +6.15 |
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 | XSEN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.69 | 1.92 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.34 | -0.45 |
Drawdowns
RAYG.L vs. XSEN.L - Drawdown Comparison
The maximum RAYG.L drawdown since its inception was -71.14%, which is greater than XSEN.L's maximum drawdown of -62.46%. Use the drawdown chart below to compare losses from any high point for RAYG.L and XSEN.L.
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Drawdown Indicators
| RAYG.L | XSEN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.14% | -62.46% | -8.68% |
Max Drawdown (1Y)Largest decline over 1 year | -14.48% | -16.55% | +2.07% |
Max Drawdown (3Y)Largest decline over 3 years | -58.12% | -23.22% | -34.90% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.04% | — |
Current DrawdownCurrent decline from peak | -42.21% | -9.31% | -32.90% |
Average DrawdownAverage peak-to-trough decline | -42.80% | -17.79% | -25.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 5.32% | +0.41% |
Volatility
RAYG.L vs. XSEN.L - Volatility Comparison
The current volatility for Global X Solar UCITS ETF USD Accumulating (RAYG.L) is 8.58%, while Xtrackers MSCI USA Energy UCITS ETF 1D (XSEN.L) has a volatility of 9.04%. This indicates that RAYG.L experiences smaller price fluctuations and is considered to be less risky than XSEN.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 | XSEN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.58% | 9.04% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 21.55% | 20.50% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.33% | 23.79% | +7.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.59% | 26.01% | +6.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.59% | 29.43% | +3.16% |
RAYG.L vs. XSEN.L - Expense Ratio Comparison
RAYG.L has a 0.50% expense ratio, which is higher than XSEN.L's 0.12% expense ratio.
Dividends
RAYG.L vs. XSEN.L - Dividend Comparison
RAYG.L has not paid dividends to shareholders, while XSEN.L's dividend yield for the trailing twelve months is around 2.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RAYG.L Global X Solar UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XSEN.L Xtrackers MSCI USA Energy UCITS ETF 1D | 2.08% | 2.70% | 2.70% | 3.24% | 3.69% | 3.27% | 7.11% | 2.78% |
Frequently Asked Questions
RAYG.L and XSEN.L have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSEN.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSEN.L is cheaper with a 0.12% expense ratio, compared with 0.50% for RAYG.L.
RAYG.L tracks S&P Global Clean Energy TR USD, while XSEN.L tracks MSCI World/Energy NR USD. They also come from different issuers: Global X and Xtrackers. Their fees differ too: 0.50% for RAYG.L and 0.12% for XSEN.L.
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