RAYS vs. HYDR

Last updated Jun 4, 2026

RAYS (Global X Solar ETF) and HYDR (Global X Hydrogen ETF) are both Alternative Energy Equities funds from Global X - RAYS tracks the Solactive Solar Index while HYDR tracks the Solactive Global Hydrogen Index - Benchmark TR Net. Both are passively managed. Both charge a 0.50% expense ratio.

Performance

RAYS vs. HYDR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Solar ETF (RAYS) and Global X Hydrogen ETF (HYDR). 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*: —

HYDR

• 1D: -4.74%
• 1M: 13.61%
• YTD: 110.14%
• 6M: 86.55%
• 1Y: 256.71%
• 3Y*: 15.56%
• 5Y*: —
• 10Y*: —

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

RAYS vs. HYDR - Yearly Performance Comparison

	2026 (YTD)
RAYS Global X Solar ETF	0.00%
HYDR Global X Hydrogen ETF	78.30%

RAYS vs. HYDR - Sectors Allocation Comparison

Sectors	RAYS	HYDR
Technology	66.9%	0.5%
Industrials	21.4%	84.7%
Utilities	6.8%	-
Consumer Cyclical	4.0%	2.3%
Basic Materials	0.9%	2.4%
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	0.4%
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

RAYS vs. HYDR — Risk / Return Rank

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

HYDR

HYDR Risk / Return Rank: 92
HYDR Sharpe Ratio Rank: 97
HYDR Sortino Ratio Rank: 93
HYDR Omega Ratio Rank: 87
HYDR Calmar Ratio Rank: 95
HYDR Martin Ratio Rank: 89

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. HYDR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Solar ETF (RAYS) and Global X Hydrogen ETF (HYDR). 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	HYDR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.22	—

Drawdowns

RAYS vs. HYDR - Drawdown Comparison

The maximum RAYS drawdown since its inception was 0.00%, smaller than the maximum HYDR drawdown of -89.28%. Use the drawdown chart below to compare losses from any high point for RAYS and HYDR.

Drawdown Indicators

	RAYS	HYDR	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-89.28%	+89.28%
Max Drawdown (1Y) Largest decline over 1 year	—	-29.76%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-70.32%	—
Current Drawdown Current decline from peak	0.00%	-51.75%	+51.75%
Average Drawdown Average peak-to-trough decline	0.00%	-64.21%	+64.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.61%	—

Volatility

Volatility by Period

	RAYS	HYDR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	18.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	35.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	54.28%	-54.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	47.22%	-47.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	47.22%	-47.22%

RAYS vs. HYDR - Expense Ratio Comparison

Both RAYS and HYDR have an expense ratio of 0.50%.

Dividends

RAYS vs. HYDR - Dividend Comparison

RAYS has not paid dividends to shareholders, while HYDR's dividend yield for the trailing twelve months is around 1.82%.

Position	TTM	2025	2024	2023	2022	2021
HYDR Global X Hydrogen ETF	1.82%	3.82%	0.40%	0.00%	0.00%	0.06%
RAYS Global X Solar ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, RAYS or HYDR?

Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RAYS or HYDR?

RAYS and HYDR have the same expense ratio: 0.50% per year.

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

HYDR has the higher dividend yield at 1.82%, compared with 0.00% for RAYS.

What is the main difference between RAYS and HYDR?

RAYS tracks Solactive Solar Index, while HYDR tracks Solactive Global Hydrogen Index - Benchmark TR Net.