RAYS vs. ^GSPC

Last updated Jul 17, 2026

RAYS (Global X Solar ETF) is Alternative Energy Equities fund tracking the Solactive Solar Index, while ^GSPC (S&P 500 Index) is an index.

Performance

RAYS vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Solar ETF (RAYS) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RAYS

• 1D: 0.00%
• 1M: 0.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: -0.51%
• 1M: 0.30%
• 6M: 8.49%
• YTD: 10.05%
• 1Y: 20.28%
• 3Y*: 18.54%
• 5Y*: 11.73%
• 10Y*: 13.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RAYS vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)
RAYS Global X Solar ETF	0.00%
^GSPC S&P 500 Index	10.82%

Return for Risk

RAYS vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RAYS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 65
^GSPC Omega Ratio Rank: 68
^GSPC Calmar Ratio Rank: 61
^GSPC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RAYS vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Solar ETF (RAYS) and S&P 500 Index (^GSPC). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	RAYS	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	—	1.62	—
Sortino ratio: Return per unit of downside risk	—	2.24	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	2.24	—
Martin ratio: Return relative to average drawdown	—	9.71	—

Drawdowns

RAYS vs. ^GSPC - Drawdown Comparison

The maximum RAYS drawdown since its inception was 0.00%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for RAYS and ^GSPC.

Drawdown Indicators

	RAYS	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-56.78%	+56.78%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.90%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	0.00%	-1.00%	+1.00%
Average Drawdown Average peak-to-trough decline	0.00%	-10.70%	+10.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.09%	—

Volatility

Volatility by Period

	RAYS	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	12.56%	-12.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	17.00%	-17.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	18.05%	-18.05%