RAYS vs. CNRG

Last updated Jun 4, 2026

RAYS (Global X Solar ETF) and CNRG (SPDR S&P Kensho Clean Power ETF) are both Alternative Energy Equities funds - RAYS tracks the Solactive Solar Index while CNRG tracks the S&P Kensho Clean Power Index. Both are passively managed. RAYS charges 0.50%/yr vs 0.45%/yr for CNRG.

Performance

RAYS vs. CNRG - Performance Comparison

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

Returns By Period

RAYS

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

CNRG

• 1D: -2.81%
• 1M: 18.72%
• YTD: 36.68%
• 6M: 32.67%
• 1Y: 117.30%
• 3Y*: 15.27%
• 5Y*: 5.21%
• 10Y*: —

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

RAYS vs. CNRG - Yearly Performance Comparison

	2026 (YTD)
RAYS Global X Solar ETF	0.00%
CNRG SPDR S&P Kensho Clean Power ETF	22.67%

RAYS vs. CNRG - Sectors Allocation Comparison

Sectors	RAYS	CNRG
Technology	66.9%	29.1%
Industrials	21.4%	41.2%
Utilities	6.8%	25.2%
Consumer Cyclical	4.0%	1.6%
Basic Materials	0.9%	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	3.0%
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

RAYS vs. CNRG — Risk / Return Rank

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

CNRG

CNRG Risk / Return Rank: 84
CNRG Sharpe Ratio Rank: 91
CNRG Sortino Ratio Rank: 79
CNRG Omega Ratio Rank: 76
CNRG Calmar Ratio Rank: 93
CNRG Martin Ratio Rank: 83

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. CNRG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Solar ETF (RAYS) and SPDR S&P Kensho Clean Power ETF (CNRG). 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.

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

Sharpe Ratios by Period

	RAYS	CNRG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.25	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.62	—

Drawdowns

RAYS vs. CNRG - Drawdown Comparison

The maximum RAYS drawdown since its inception was 0.00%, smaller than the maximum CNRG drawdown of -68.49%. Use the drawdown chart below to compare losses from any high point for RAYS and CNRG.

Drawdown Indicators

	RAYS	CNRG	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-68.49%	+68.49%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.73%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-48.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-59.17%	—
Current Drawdown Current decline from peak	0.00%	-11.12%	+11.12%
Average Drawdown Average peak-to-trough decline	0.00%	-31.82%	+31.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.90%	—

Volatility

Volatility by Period

	RAYS	CNRG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.13%	—
Volatility (6M) Calculated over the trailing 6-month period	—	25.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	36.49%	-36.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	33.99%	-33.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	35.78%	-35.78%

RAYS vs. CNRG - Expense Ratio Comparison

RAYS has a 0.50% expense ratio, which is higher than CNRG's 0.45% expense ratio.

Dividends

RAYS vs. CNRG - Dividend Comparison

RAYS has not paid dividends to shareholders, while CNRG's dividend yield for the trailing twelve months is around 1.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CNRG SPDR S&P Kensho Clean Power ETF	1.01%	1.46%	1.34%	1.17%	1.23%	1.34%	0.69%	1.16%	0.35%
RAYS Global X Solar ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, RAYS or CNRG?

On fees, CNRG is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RAYS or CNRG?

CNRG is cheaper with a 0.45% expense ratio, compared with 0.50% for RAYS.

Which ETF pays a higher dividend yield, RAYS or CNRG?

CNRG has the higher dividend yield at 1.01%, compared with 0.00% for RAYS.

What is the main difference between RAYS and CNRG?

RAYS tracks Solactive Solar Index, while CNRG tracks S&P Kensho Clean Power Index. They also come from different issuers: Global X and State Street. Their fees differ too: 0.50% for RAYS and 0.45% for CNRG.