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RAYS vs. VOO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


RAYSVOO
YTD Return-20.05%6.24%
1Y Return-45.37%26.43%
Sharpe Ratio-1.422.21
Daily Std Dev31.83%11.73%
Max Drawdown-63.88%-33.99%
Current Drawdown-62.86%-3.90%

Correlation

-0.50.00.51.00.5

The correlation between RAYS and VOO is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Performance

RAYS vs. VOO - Performance Comparison

In the year-to-date period, RAYS achieves a -20.05% return, which is significantly lower than VOO's 6.24% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-60.00%-40.00%-20.00%0.00%20.00%NovemberDecember2024FebruaryMarchApril
-56.57%
16.96%
RAYS
VOO

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Global X Solar ETF

Vanguard S&P 500 ETF

RAYS vs. VOO - Expense Ratio Comparison

RAYS has a 0.50% expense ratio, which is higher than VOO's 0.03% expense ratio.


RAYS
Global X Solar ETF
Expense ratio chart for RAYS: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%
Expense ratio chart for VOO: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Risk-Adjusted Performance

RAYS vs. VOO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Solar ETF (RAYS) and Vanguard S&P 500 ETF (VOO). 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.


RAYS
Sharpe ratio
The chart of Sharpe ratio for RAYS, currently valued at -1.42, compared to the broader market-1.000.001.002.003.004.00-1.42
Sortino ratio
The chart of Sortino ratio for RAYS, currently valued at -2.38, compared to the broader market-2.000.002.004.006.008.00-2.38
Omega ratio
The chart of Omega ratio for RAYS, currently valued at 0.76, compared to the broader market1.001.502.000.76
Calmar ratio
The chart of Calmar ratio for RAYS, currently valued at -0.71, compared to the broader market0.002.004.006.008.0010.00-0.71
Martin ratio
The chart of Martin ratio for RAYS, currently valued at -1.42, compared to the broader market0.0010.0020.0030.0040.0050.0060.00-1.42
VOO
Sharpe ratio
The chart of Sharpe ratio for VOO, currently valued at 2.21, compared to the broader market-1.000.001.002.003.004.002.21
Sortino ratio
The chart of Sortino ratio for VOO, currently valued at 3.20, compared to the broader market-2.000.002.004.006.008.003.20
Omega ratio
The chart of Omega ratio for VOO, currently valued at 1.38, compared to the broader market1.001.502.001.38
Calmar ratio
The chart of Calmar ratio for VOO, currently valued at 1.89, compared to the broader market0.002.004.006.008.0010.001.89
Martin ratio
The chart of Martin ratio for VOO, currently valued at 9.03, compared to the broader market0.0010.0020.0030.0040.0050.0060.009.03

RAYS vs. VOO - Sharpe Ratio Comparison

The current RAYS Sharpe Ratio is -1.42, which is lower than the VOO Sharpe Ratio of 2.21. The chart below compares the 12-month rolling Sharpe Ratio of RAYS and VOO.


Rolling 12-month Sharpe Ratio-2.00-1.000.001.002.003.00NovemberDecember2024FebruaryMarchApril
-1.42
2.21
RAYS
VOO

Dividends

RAYS vs. VOO - Dividend Comparison

RAYS has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.39%.


TTM20232022202120202019201820172016201520142013
RAYS
Global X Solar ETF
0.00%0.00%0.00%0.02%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VOO
Vanguard S&P 500 ETF
1.39%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%1.85%1.84%

Drawdowns

RAYS vs. VOO - Drawdown Comparison

The maximum RAYS drawdown since its inception was -63.88%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for RAYS and VOO. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2024FebruaryMarchApril
-62.86%
-3.90%
RAYS
VOO

Volatility

RAYS vs. VOO - Volatility Comparison

Global X Solar ETF (RAYS) has a higher volatility of 9.43% compared to Vanguard S&P 500 ETF (VOO) at 3.56%. This indicates that RAYS's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2024FebruaryMarchApril
9.43%
3.56%
RAYS
VOO