PortfoliosLab logo
RAYS vs. WNDY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between RAYS and WNDY is 0.45, 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.


-0.50.00.51.0
Correlation: 0.4

Performance

RAYS vs. WNDY - Performance Comparison

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

-70.00%-65.00%-60.00%-55.00%-50.00%-45.00%NovemberDecember2025FebruaryMarchApril
-66.69%
-52.96%
RAYS
WNDY

Key characteristics

Sharpe Ratio

RAYS:

-0.57

WNDY:

-0.18

Sortino Ratio

RAYS:

-0.62

WNDY:

-0.06

Omega Ratio

RAYS:

0.93

WNDY:

0.99

Calmar Ratio

RAYS:

-0.32

WNDY:

-0.08

Martin Ratio

RAYS:

-1.10

WNDY:

-0.30

Ulcer Index

RAYS:

21.94%

WNDY:

16.29%

Daily Std Dev

RAYS:

41.93%

WNDY:

27.20%

Max Drawdown

RAYS:

-74.62%

WNDY:

-62.78%

Current Drawdown

RAYS:

-71.52%

WNDY:

-58.00%

Returns By Period

In the year-to-date period, RAYS achieves a -9.96% return, which is significantly lower than WNDY's 3.84% return.


RAYS

YTD

-9.96%

1M

-10.06%

6M

-25.88%

1Y

-23.32%

5Y*

N/A

10Y*

N/A

WNDY

YTD

3.84%

1M

-2.01%

6M

-13.96%

1Y

-4.15%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

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


RAYS vs. WNDY - Expense Ratio Comparison

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


Expense ratio chart for RAYS: current value is 0.50%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
RAYS: 0.50%
Expense ratio chart for WNDY: current value is 0.50%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
WNDY: 0.50%

Risk-Adjusted Performance

RAYS vs. WNDY — Risk-Adjusted Performance Rank

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

RAYS
The Risk-Adjusted Performance Rank of RAYS is 44
Overall Rank
The Sharpe Ratio Rank of RAYS is 33
Sharpe Ratio Rank
The Sortino Ratio Rank of RAYS is 44
Sortino Ratio Rank
The Omega Ratio Rank of RAYS is 44
Omega Ratio Rank
The Calmar Ratio Rank of RAYS is 55
Calmar Ratio Rank
The Martin Ratio Rank of RAYS is 55
Martin Ratio Rank

WNDY
The Risk-Adjusted Performance Rank of WNDY is 1313
Overall Rank
The Sharpe Ratio Rank of WNDY is 1212
Sharpe Ratio Rank
The Sortino Ratio Rank of WNDY is 1212
Sortino Ratio Rank
The Omega Ratio Rank of WNDY is 1313
Omega Ratio Rank
The Calmar Ratio Rank of WNDY is 1414
Calmar Ratio Rank
The Martin Ratio Rank of WNDY is 1414
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

RAYS vs. WNDY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Solar ETF (RAYS) and Global X Wind Energy ETF (WNDY). 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.


The chart of Sharpe ratio for RAYS, currently valued at -0.57, compared to the broader market-1.000.001.002.003.004.00
RAYS: -0.57
WNDY: -0.18
The chart of Sortino ratio for RAYS, currently valued at -0.62, compared to the broader market-2.000.002.004.006.008.00
RAYS: -0.62
WNDY: -0.06
The chart of Omega ratio for RAYS, currently valued at 0.93, compared to the broader market0.501.001.502.00
RAYS: 0.93
WNDY: 0.99
The chart of Calmar ratio for RAYS, currently valued at -0.32, compared to the broader market0.002.004.006.008.0010.0012.00
RAYS: -0.32
WNDY: -0.08
The chart of Martin ratio for RAYS, currently valued at -1.10, compared to the broader market0.0020.0040.0060.00
RAYS: -1.10
WNDY: -0.30

The current RAYS Sharpe Ratio is -0.57, which is lower than the WNDY Sharpe Ratio of -0.18. The chart below compares the historical Sharpe Ratios of RAYS and WNDY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.80-0.60-0.40-0.200.000.200.40NovemberDecember2025FebruaryMarchApril
-0.57
-0.18
RAYS
WNDY

Dividends

RAYS vs. WNDY - Dividend Comparison

RAYS's dividend yield for the trailing twelve months is around 0.81%, less than WNDY's 1.24% yield.


TTM2024202320222021
RAYS
Global X Solar ETF
0.81%0.73%0.00%0.00%0.02%
WNDY
Global X Wind Energy ETF
1.24%1.29%1.40%0.71%0.05%

Drawdowns

RAYS vs. WNDY - Drawdown Comparison

The maximum RAYS drawdown since its inception was -74.62%, which is greater than WNDY's maximum drawdown of -62.78%. Use the drawdown chart below to compare losses from any high point for RAYS and WNDY. For additional features, visit the drawdowns tool.


-75.00%-70.00%-65.00%-60.00%-55.00%-50.00%NovemberDecember2025FebruaryMarchApril
-71.52%
-58.00%
RAYS
WNDY

Volatility

RAYS vs. WNDY - Volatility Comparison

Global X Solar ETF (RAYS) has a higher volatility of 17.41% compared to Global X Wind Energy ETF (WNDY) at 11.06%. This indicates that RAYS's price experiences larger fluctuations and is considered to be riskier than WNDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%14.00%16.00%18.00%NovemberDecember2025FebruaryMarchApril
17.41%
11.06%
RAYS
WNDY