RAYS vs. CVX

Last updated Apr 2, 2026

Compare and contrast key facts about Global X Solar ETF (RAYS) and Chevron Corporation (CVX).

RAYS is a passively managed fund by Global X that tracks the performance of the Solactive Solar Index. It was launched on Sep 8, 2021.

Performance

RAYS vs. CVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Solar ETF (RAYS) and Chevron Corporation (CVX). The values are adjusted to include any dividend payments, if applicable.

RAYS vs. CVX - Yearly Performance Comparison

	2026 (YTD)
RAYS Global X Solar ETF	0.00%
CVX Chevron Corporation	10.22%

Returns By Period

RAYS

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

CVX

• 1D: -4.59%
• 1M: 4.12%
• YTD: 30.79%
• 6M: 30.40%
• 1Y: 22.42%
• 3Y*: 11.16%
• 5Y*: 18.11%
• 10Y*: 12.35%

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

Return for Risk

RAYS vs. CVX — Risk / Return Rank

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

CVX

CVX Risk / Return Rank: 64
CVX Sharpe Ratio Rank: 70
CVX Sortino Ratio Rank: 61
CVX Omega Ratio Rank: 63
CVX Calmar Ratio Rank: 64
CVX Martin Ratio Rank: 63

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. CVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Solar ETF (RAYS) and Chevron Corporation (CVX). 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	CVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.89	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.73	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.38	—

Dividends

RAYS vs. CVX - Dividend Comparison

RAYS has not paid dividends to shareholders, while CVX's dividend yield for the trailing twelve months is around 3.50%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RAYS Global X Solar ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CVX Chevron Corporation	3.50%	4.49%	4.50%	4.05%	3.16%	4.52%	6.11%	3.95%	4.12%	3.45%	3.64%	4.76%

Drawdowns

RAYS vs. CVX - Drawdown Comparison

The maximum RAYS drawdown since its inception was 0.00%, smaller than the maximum CVX drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for RAYS and CVX.

Drawdown Indicators

	RAYS	CVX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-55.77%	+55.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-19.67%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.95%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-55.77%	—
Current Drawdown Current decline from peak	0.00%	-6.51%	+6.51%
Average Drawdown Average peak-to-trough decline	0.00%	-11.40%	+11.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.57%	—

Volatility

Volatility by Period

	RAYS	CVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.94%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.54%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	25.44%	-25.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	25.05%	-25.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	29.02%	-29.02%