RAYS vs. URAN

Last updated Jun 24, 2026

RAYS (Global X Solar ETF) and URAN (Themes Uranium & Nuclear ETF) are both exchange-traded funds - RAYS is a Alternative Energy Equities fund tracking the Solactive Solar Index, while URAN is a Uranium fund tracking the BITA Global Uranium and Nuclear Select Index. Both are passively managed. RAYS charges 0.50%/yr vs 0.35%/yr for URAN.

Performance

RAYS vs. URAN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Solar ETF (RAYS) and Themes Uranium & Nuclear ETF (URAN). 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*: —

URAN

• 1D: -1.32%
• 1M: -5.33%
• YTD: -3.44%
• 6M: -5.94%
• 1Y: 11.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RAYS vs. URAN - Yearly Performance Comparison

	2026 (YTD)
RAYS Global X Solar ETF	0.00%
URAN Themes Uranium & Nuclear ETF	-10.88%

Return for Risk

RAYS vs. URAN — 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.

URAN

URAN Risk / Return Rank: 13
URAN Sharpe Ratio Rank: 13
URAN Sortino Ratio Rank: 14
URAN Omega Ratio Rank: 14
URAN Calmar Ratio Rank: 13
URAN Martin Ratio Rank: 12

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. URAN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Solar ETF (RAYS) and Themes Uranium & Nuclear ETF (URAN). 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	URAN	Difference
Sharpe ratio: Return per unit of total volatility	—	0.30	—
Sortino ratio: Return per unit of downside risk	—	0.70	—
Omega ratio: Gain probability vs. loss probability	—	1.08	—
Calmar ratio: Return relative to maximum drawdown	—	0.39	—
Martin ratio: Return relative to average drawdown	—	0.85	—

Drawdowns

RAYS vs. URAN - Drawdown Comparison

The maximum RAYS drawdown since its inception was 0.00%, smaller than the maximum URAN drawdown of -31.96%. Use the drawdown chart below to compare losses from any high point for RAYS and URAN.

Drawdown Indicators

	RAYS	URAN	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-31.96%	+31.96%
Max Drawdown (1Y) Largest decline over 1 year	—	-31.02%	—
Current Drawdown Current decline from peak	0.00%	-26.70%	+26.70%
Average Drawdown Average peak-to-trough decline	0.00%	-11.20%	+11.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	14.06%	—

Volatility

Volatility by Period

	RAYS	URAN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.40%	—
Volatility (6M) Calculated over the trailing 6-month period	—	30.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	39.64%	-39.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	39.40%	-39.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	39.40%	-39.40%

RAYS vs. URAN - Expense Ratio Comparison

RAYS has a 0.50% expense ratio, which is higher than URAN's 0.35% expense ratio.

Dividends

RAYS vs. URAN - Dividend Comparison

RAYS has not paid dividends to shareholders, while URAN's dividend yield for the trailing twelve months is around 2.65%.

Position	TTM	2025	2024
RAYS Global X Solar ETF	0.00%	0.00%	0.00%
URAN Themes Uranium & Nuclear ETF	2.65%	2.56%	0.21%

Frequently Asked Questions

Which ETF is better, RAYS or URAN?

On fees, URAN is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RAYS or URAN?

URAN is cheaper with a 0.35% expense ratio, compared with 0.50% for RAYS.

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

URAN has the higher dividend yield at 2.65%, compared with 0.00% for RAYS.

What is the main difference between RAYS and URAN?

RAYS is categorized as Alternative Energy Equities, while URAN is Uranium. RAYS tracks Solactive Solar Index, while URAN tracks BITA Global Uranium and Nuclear Select Index. They also come from different issuers: Global X and Themes. Their fees differ too: 0.50% for RAYS and 0.35% for URAN.