RAYS vs. CNRG

Last updated Jul 17, 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%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CNRG

• 1D: -4.28%
• 1M: -11.93%
• 6M: -1.18%
• YTD: 7.93%
• 1Y: 51.59%
• 3Y*: 4.59%
• 5Y*: 1.27%
• 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	1.51%

RAYS vs. CNRG - Sectors Allocation Comparison

Sectors	RAYS	CNRG
Technology	66.9%	2.7%
Industrials	21.4%	35.6%
Utilities	6.8%	30.6%
Consumer Cyclical	4.0%	2.3%
Basic Materials	0.9%	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	28.6%
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.

RAYS

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

CNRG

CNRG Risk / Return Rank: 46
CNRG Sharpe Ratio Rank: 46
CNRG Sortino Ratio Rank: 43
CNRG Omega Ratio Rank: 42
CNRG Calmar Ratio Rank: 55
CNRG Martin Ratio Rank: 46

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.

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	CNRG	Difference
Sharpe ratio: Return per unit of total volatility	—	1.33	—
Sortino ratio: Return per unit of downside risk	—	1.84	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	2.23	—
Martin ratio: Return relative to average drawdown	—	6.04	—

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	—	-23.26%	—
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%	-29.82%	+29.82%
Average Drawdown Average peak-to-trough decline	0.00%	-31.66%	+31.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.56%	—

Volatility

Volatility by Period

	RAYS	CNRG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.63%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.37%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	39.02%	-39.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	34.67%	-34.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	36.05%	-36.05%

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 1.27%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CNRG SPDR S&P Kensho Clean Power ETF	1.27%	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 1.27%, 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.