RAYZ.L vs. URNU.L
RAYZ.L (Global X Solar UCITS ETF) and URNU.L (Global X Uranium UCITS ETF USD Acc) are both exchange-traded funds - RAYZ.L is a Global Equities fund tracking the Global X Solar UCITS ETF, while URNU.L is a Uranium fund tracking the Solactive Global Uranium & Nuclear Components Total Return v2 Index. Both are passively managed. Over the past 3 years, RAYZ.L returned -11.91%/yr vs 29.18%/yr for URNU.L. At a 0.34 correlation, their price movements are largely independent. RAYZ.L charges 0.50%/yr vs 0.65%/yr for URNU.L.
Performance
RAYZ.L vs. URNU.L - Performance Comparison
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Returns By Period
In the year-to-date period, RAYZ.L achieves a -8.49% return, which is significantly lower than URNU.L's -5.06% return.
RAYZ.L
- 1D
- -1.55%
- 1M
- -17.91%
- 6M
- -13.34%
- YTD
- -8.49%
- 1Y
- 23.69%
- 3Y*
- -11.91%
- 5Y*
- —
- 10Y*
- —
URNU.L
- 1D
- -2.10%
- 1M
- -16.13%
- 6M
- -22.49%
- YTD
- -5.06%
- 1Y
- 10.20%
- 3Y*
- 29.18%
- 5Y*
- —
- 10Y*
- —
RAYZ.L vs. URNU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RAYZ.L Global X Solar UCITS ETF | -8.49% | 39.95% | -28.16% | -32.65% | -7.48% |
URNU.L Global X Uranium UCITS ETF USD Acc | -5.06% | 70.50% | 1.19% | 39.91% | 9.76% |
Correlation
The correlation between RAYZ.L and URNU.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2022 | 0.34 |
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Return for Risk
RAYZ.L vs. URNU.L — Risk / Return Rank
RAYZ.L
URNU.L
RAYZ.L vs. URNU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Solar UCITS ETF (RAYZ.L) and Global X Uranium UCITS ETF USD Acc (URNU.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 | URNU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.07 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 0.31 | +0.55 |
| Martin ratioReturn relative to average drawdown | 2.86 | 0.62 | +2.24 |
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Drawdowns
RAYZ.L vs. URNU.L - Drawdown Comparison
The maximum RAYZ.L drawdown since its inception was -69.13%, which is greater than URNU.L's maximum drawdown of -38.66%. Use the drawdown chart below to compare losses from any high point for RAYZ.L and URNU.L.
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Drawdown Indicators
| RAYZ.L | URNU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.13% | -38.66% | -30.47% |
Max Drawdown (1Y)Largest decline over 1 year | -29.26% | -33.08% | +3.82% |
Max Drawdown (3Y)Largest decline over 3 years | -57.14% | -38.66% | -18.48% |
Current DrawdownCurrent decline from peak | -51.07% | -32.58% | -18.49% |
Average DrawdownAverage peak-to-trough decline | -40.52% | -11.77% | -28.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.75% | 16.37% | -7.62% |
Volatility
RAYZ.L vs. URNU.L - Volatility Comparison
Global X Solar UCITS ETF (RAYZ.L) has a higher volatility of 11.41% compared to Global X Uranium UCITS ETF USD Acc (URNU.L) at 10.24%. This indicates that RAYZ.L's price experiences larger fluctuations and is considered to be riskier than URNU.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 | URNU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.41% | 10.24% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 25.55% | 35.98% | -10.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.21% | 50.88% | -16.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.23% | 41.39% | -7.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.23% | 41.39% | -7.16% |
RAYZ.L vs. URNU.L - Expense Ratio Comparison
RAYZ.L has a 0.50% expense ratio, which is lower than URNU.L's 0.65% expense ratio.
Dividends
RAYZ.L vs. URNU.L - Dividend Comparison
Neither RAYZ.L nor URNU.L has paid dividends to shareholders.
Frequently Asked Questions
RAYZ.L and URNU.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RAYZ.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RAYZ.L is cheaper with a 0.50% expense ratio, compared with 0.65% for URNU.L.
RAYZ.L is categorized as Global Equities, while URNU.L is Uranium. RAYZ.L tracks Global X Solar UCITS ETF, while URNU.L tracks Solactive Global Uranium & Nuclear Components Total Return v2 Index. Their fees differ too: 0.50% for RAYZ.L and 0.65% for URNU.L.
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