RAYZ.L vs. VPAC.L
RAYZ.L (Global X Solar UCITS ETF) and VPAC.L (Invesco Variable Rate Preferred Shares UCITS ETF USD) are both Global Equities funds - RAYZ.L tracks the Global X Solar UCITS ETF while VPAC.L tracks the Invesco Variable Rate Preferred Shares UCITS ETF USD. Both are passively managed. Over the past 3 years, RAYZ.L returned -11.91%/yr vs 8.42%/yr for VPAC.L. At a 0.27 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
RAYZ.L vs. VPAC.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RAYZ.L achieves a -8.49% return, which is significantly lower than VPAC.L's 2.04% return.
RAYZ.L
- 1D
- -1.55%
- 1M
- -17.91%
- 6M
- -13.34%
- YTD
- -8.49%
- 1Y
- 23.69%
- 3Y*
- -11.91%
- 5Y*
- —
- 10Y*
- —
VPAC.L
- 1D
- -0.12%
- 1M
- 0.03%
- 6M
- 1.83%
- YTD
- 2.04%
- 1Y
- 5.32%
- 3Y*
- 8.42%
- 5Y*
- 3.51%
- 10Y*
- —
RAYZ.L vs. VPAC.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% | 4.13% |
VPAC.L Invesco Variable Rate Preferred Shares UCITS ETF USD | 2.04% | 6.34% | 10.84% | 9.27% | -5.68% |
Correlation
The correlation between RAYZ.L and VPAC.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.27 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RAYZ.L vs. VPAC.L — Risk / Return Rank
RAYZ.L
VPAC.L
RAYZ.L vs. VPAC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Solar UCITS ETF (RAYZ.L) and Invesco Variable Rate Preferred Shares UCITS ETF USD (VPAC.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 | VPAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.32 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 2.54 | -1.69 |
| Martin ratioReturn relative to average drawdown | 2.86 | 9.98 | -7.13 |
Loading charts...
Drawdowns
RAYZ.L vs. VPAC.L - Drawdown Comparison
The maximum RAYZ.L drawdown since its inception was -69.13%, which is greater than VPAC.L's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for RAYZ.L and VPAC.L.
Loading charts...
Drawdown Indicators
| RAYZ.L | VPAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.13% | -34.25% | -34.88% |
Max Drawdown (1Y)Largest decline over 1 year | -29.26% | -2.02% | -27.24% |
Max Drawdown (3Y)Largest decline over 3 years | -57.14% | -3.40% | -53.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.89% | — |
Current DrawdownCurrent decline from peak | -51.07% | -0.33% | -50.74% |
Average DrawdownAverage peak-to-trough decline | -40.52% | -3.14% | -37.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.75% | 0.52% | +8.23% |
Volatility
RAYZ.L vs. VPAC.L - Volatility Comparison
Global X Solar UCITS ETF (RAYZ.L) has a higher volatility of 11.41% compared to Invesco Variable Rate Preferred Shares UCITS ETF USD (VPAC.L) at 0.74%. This indicates that RAYZ.L's price experiences larger fluctuations and is considered to be riskier than VPAC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RAYZ.L | VPAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.41% | 0.74% | +10.67% |
Volatility (6M)Calculated over the trailing 6-month period | 25.55% | 2.28% | +23.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.21% | 3.17% | +31.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.23% | 5.30% | +28.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.23% | 11.00% | +23.23% |
RAYZ.L vs. VPAC.L - Expense Ratio Comparison
Both RAYZ.L and VPAC.L have an expense ratio of 0.50%.
Dividends
RAYZ.L vs. VPAC.L - Dividend Comparison
Neither RAYZ.L nor VPAC.L has paid dividends to shareholders.
Frequently Asked Questions
RAYZ.L and VPAC.L have a correlation of 0.25, 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 VPAC.L have the same expense ratio: 0.50% per year.
RAYZ.L tracks Global X Solar UCITS ETF, while VPAC.L tracks Invesco Variable Rate Preferred Shares UCITS ETF USD. They also come from different issuers: Global X and Invesco.
Find the right allocation for RAYZ.L and VPAC.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer