RAYS.L vs. RAYG.L
Compare and contrast key facts about Invesco Solar Energy UCITS ETF Acc (RAYS.L) and Global X Solar UCITS ETF USD Accumulating (RAYG.L).
RAYS.L and RAYG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RAYS.L is a passively managed fund by Invesco that tracks the performance of the S&P Global Clean Energy TR USD. It was launched on Aug 2, 2021. RAYG.L is a passively managed fund by Global X that tracks the performance of the S&P Global Clean Energy TR USD. It was launched on Feb 15, 2022. Both RAYS.L and RAYG.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
RAYS.L vs. RAYG.L - Performance Comparison
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RAYS.L vs. RAYG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RAYS.L Invesco Solar Energy UCITS ETF Acc | 14.75% | 36.36% | -36.34% | -29.61% | 25.80% |
RAYG.L Global X Solar UCITS ETF USD Accumulating | 13.74% | 30.23% | -27.04% | -36.40% | 16.05% |
Different Trading Currencies
RAYS.L is traded in GBp, while RAYG.L is traded in GBP. To make them comparable, the RAYG.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, RAYS.L achieves a 14.75% return, which is significantly higher than RAYG.L's 13.74% return.
RAYS.L
- 1D
- 3.51%
- 1M
- 1.27%
- YTD
- 14.75%
- 6M
- 27.14%
- 1Y
- 77.68%
- 3Y*
- -12.31%
- 5Y*
- —
- 10Y*
- —
RAYG.L
- 1D
- 1.42%
- 1M
- 0.55%
- YTD
- 13.74%
- 6M
- 17.72%
- 1Y
- 60.65%
- 3Y*
- -11.53%
- 5Y*
- —
- 10Y*
- —
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RAYS.L vs. RAYG.L - Expense Ratio Comparison
RAYS.L has a 0.69% expense ratio, which is higher than RAYG.L's 0.50% expense ratio.
Return for Risk
RAYS.L vs. RAYG.L — Risk / Return Rank
RAYS.L
RAYG.L
RAYS.L vs. RAYG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Solar Energy UCITS ETF Acc (RAYS.L) and Global X Solar UCITS ETF USD Accumulating (RAYG.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.
| RAYS.L | RAYG.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.20 | 1.83 | +0.37 |
Sortino ratioReturn per unit of downside risk | 2.83 | 2.44 | +0.39 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.31 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 5.83 | 4.18 | +1.65 |
Martin ratioReturn relative to average drawdown | 14.10 | 9.37 | +4.74 |
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
| RAYS.L | RAYG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 1.83 | +0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.22 | -0.16 | -0.06 |
Correlation
The correlation between RAYS.L and RAYG.L is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
RAYS.L vs. RAYG.L - Dividend Comparison
Neither RAYS.L nor RAYG.L has paid dividends to shareholders.
Drawdowns
RAYS.L vs. RAYG.L - Drawdown Comparison
The maximum RAYS.L drawdown since its inception was -73.42%, roughly equal to the maximum RAYG.L drawdown of -71.14%. Use the drawdown chart below to compare losses from any high point for RAYS.L and RAYG.L.
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Drawdown Indicators
| RAYS.L | RAYG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.42% | -71.14% | -2.28% |
Max Drawdown (1Y)Largest decline over 1 year | -15.28% | -14.48% | -0.80% |
Current DrawdownCurrent decline from peak | -44.62% | -45.90% | +1.28% |
Average DrawdownAverage peak-to-trough decline | -41.72% | -42.74% | +1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.42% | 6.46% | -1.04% |
Volatility
RAYS.L vs. RAYG.L - Volatility Comparison
The current volatility for Invesco Solar Energy UCITS ETF Acc (RAYS.L) is 7.97%, while Global X Solar UCITS ETF USD Accumulating (RAYG.L) has a volatility of 10.12%. This indicates that RAYS.L experiences smaller price fluctuations and is considered to be less risky than RAYG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAYS.L | RAYG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.97% | 10.12% | -2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 22.22% | 23.59% | -1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.18% | 33.09% | +2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.88% | 32.72% | +4.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.88% | 32.72% | +4.16% |