RAYS vs. RNRG

Last updated Jun 4, 2026

RAYS (Global X Solar ETF) and RNRG (Global X Funds Global X Renewable Energy Producers ETF) are both Alternative Energy Equities funds from Global X - RAYS tracks the Solactive Solar Index while RNRG tracks the Indxx Renewable Energy Producers Index. Both are passively managed. RAYS charges 0.50%/yr vs 0.65%/yr for RNRG.

Performance

RAYS vs. RNRG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Solar ETF (RAYS) and Global X Funds Global X Renewable Energy Producers ETF (RNRG). 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*: —

RNRG

• 1D: -1.39%
• 1M: 0.86%
• YTD: 17.66%
• 6M: 17.51%
• 1Y: 42.65%
• 3Y*: 4.44%
• 5Y*: -2.70%
• 10Y*: 4.47%

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

RAYS vs. RNRG - Yearly Performance Comparison

	2026 (YTD)
RAYS Global X Solar ETF	0.00%
RNRG Global X Funds Global X Renewable Energy Producers ETF	7.63%

RAYS vs. RNRG - Sectors Allocation Comparison

Sectors	RAYS	RNRG
Technology	66.9%	2.2%
Industrials	21.4%	3.0%
Utilities	6.8%	92.8%
Consumer Cyclical	4.0%	-
Basic Materials	0.9%	2.1%
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

RAYS vs. RNRG — Risk / Return Rank

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

RNRG

RNRG Risk / Return Rank: 84
RNRG Sharpe Ratio Rank: 83
RNRG Sortino Ratio Rank: 79
RNRG Omega Ratio Rank: 75
RNRG Calmar Ratio Rank: 94
RNRG 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. RNRG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Solar ETF (RAYS) and Global X Funds Global X Renewable Energy Producers ETF (RNRG). 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	RNRG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.72	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.13	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.23	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.07	—

Drawdowns

RAYS vs. RNRG - Drawdown Comparison

The maximum RAYS drawdown since its inception was 0.00%, smaller than the maximum RNRG drawdown of -58.79%. Use the drawdown chart below to compare losses from any high point for RAYS and RNRG.

Drawdown Indicators

	RAYS	RNRG	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-58.79%	+58.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.95%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-35.23%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-52.17%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-58.79%	—
Current Drawdown Current decline from peak	0.00%	-30.37%	+30.37%
Average Drawdown Average peak-to-trough decline	0.00%	-24.45%	+24.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.14%	—

Volatility

Volatility by Period

	RAYS	RNRG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	15.77%	-15.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	20.10%	-20.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	19.67%	-19.67%

RAYS vs. RNRG - Expense Ratio Comparison

RAYS has a 0.50% expense ratio, which is lower than RNRG's 0.65% expense ratio.

Dividends

RAYS vs. RNRG - Dividend Comparison

RAYS has not paid dividends to shareholders, while RNRG's dividend yield for the trailing twelve months is around 1.28%.

Position	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%
RNRG Global X Funds Global X Renewable Energy Producers ETF	1.28%	1.50%	1.48%	1.44%	1.15%	1.10%	3.16%	2.97%	5.22%	4.14%	5.02%	3.48%

Frequently Asked Questions

Which ETF is better, RAYS or RNRG?

On fees, RAYS is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RAYS or RNRG?

RAYS is cheaper with a 0.50% expense ratio, compared with 0.65% for RNRG.

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

RNRG has the higher dividend yield at 1.28%, compared with 0.00% for RAYS.

What is the main difference between RAYS and RNRG?

RAYS tracks Solactive Solar Index, while RNRG tracks Indxx Renewable Energy Producers Index. Their fees differ too: 0.50% for RAYS and 0.65% for RNRG.