RAYZ.L vs. RNRG.L
RAYZ.L (Global X Solar UCITS ETF USD (Acc)) and RNRG.L (Global X Renewable Energy Producers UCITS ETF USD (Acc)) are both Alternative Energy Equities funds from Global X - RAYZ.L tracks the Solactive Solar v2 Index while RNRG.L tracks the Indxx Renewable Energy Producers v2 Index. Both are passively managed. Over the past 3 years, RAYZ.L returned -13.14%/yr vs 1.38%/yr for RNRG.L. A 0.56 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.
Performance
RAYZ.L vs. RNRG.L - Performance Comparison
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Returns By Period
In the year-to-date period, RAYZ.L achieves a -11.74% return, which is significantly lower than RNRG.L's 8.41% return.
RAYZ.L
- 1D
- -2.79%
- 1M
- -21.34%
- 6M
- -17.20%
- YTD
- -11.74%
- 1Y
- 19.58%
- 3Y*
- -13.14%
- 5Y*
- —
- 10Y*
- —
RNRG.L
- 1D
- -0.39%
- 1M
- -3.01%
- 6M
- 3.78%
- YTD
- 8.41%
- 1Y
- 26.13%
- 3Y*
- 1.38%
- 5Y*
- —
- 10Y*
- —
RAYZ.L vs. RNRG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RAYZ.L Global X Solar UCITS ETF USD (Acc) | -11.74% | 39.95% | -28.16% | -32.65% | 4.13% |
RNRG.L Global X Renewable Energy Producers UCITS ETF USD (Acc) | 8.41% | 34.05% | -23.00% | -14.97% | -1.08% |
Correlation
The correlation between RAYZ.L and RNRG.L is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.56 |
The correlation between RAYZ.L and RNRG.L has been stable across timeframes, ranging from 0.52 to 0.56 - a consistent structural relationship.
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Return for Risk
RAYZ.L vs. RNRG.L — Risk / Return Rank
RAYZ.L
RNRG.L
RAYZ.L vs. RNRG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Solar UCITS ETF USD (Acc) (RAYZ.L) and Global X Renewable Energy Producers UCITS ETF USD (Acc) (RNRG.L). 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.
| RAYZ.L | RNRG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.24 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 1.84 | -1.23 |
| Martin ratioReturn relative to average drawdown | 2.18 | 6.25 | -4.07 |
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Drawdowns
RAYZ.L vs. RNRG.L - Drawdown Comparison
The maximum RAYZ.L drawdown since its inception was -69.13%, which is greater than RNRG.L's maximum drawdown of -51.14%. Use the drawdown chart below to compare losses from any high point for RAYZ.L and RNRG.L.
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Drawdown Indicators
| RAYZ.L | RNRG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.13% | -51.14% | -17.99% |
Max Drawdown (1Y)Largest decline over 1 year | -31.77% | -14.11% | -17.66% |
Max Drawdown (3Y)Largest decline over 3 years | -56.80% | -37.17% | -19.63% |
Current DrawdownCurrent decline from peak | -52.81% | -19.88% | -32.93% |
Average DrawdownAverage peak-to-trough decline | -40.53% | -26.53% | -14.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.98% | 4.17% | +4.81% |
Volatility
RAYZ.L vs. RNRG.L - Volatility Comparison
Global X Solar UCITS ETF USD (Acc) (RAYZ.L) has a higher volatility of 11.58% compared to Global X Renewable Energy Producers UCITS ETF USD (Acc) (RNRG.L) at 4.77%. This indicates that RAYZ.L's price experiences larger fluctuations and is considered to be riskier than RNRG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAYZ.L | RNRG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.58% | 4.77% | +6.81% |
Volatility (6M)Calculated over the trailing 6-month period | 25.75% | 14.52% | +11.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.35% | 18.19% | +16.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.25% | 21.44% | +12.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.25% | 21.44% | +12.81% |
RAYZ.L vs. RNRG.L - Expense Ratio Comparison
Both RAYZ.L and RNRG.L have an expense ratio of 0.50%.
Dividends
RAYZ.L vs. RNRG.L - Dividend Comparison
Neither RAYZ.L nor RNRG.L has paid dividends to shareholders.
Frequently Asked Questions
RAYZ.L and RNRG.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
RAYZ.L and RNRG.L have the same expense ratio: 0.50% per year.
RAYZ.L tracks Solactive Solar v2 Index, while RNRG.L tracks Indxx Renewable Energy Producers v2 Index.
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