RNRG vs. RAYS

Last updated Jun 26, 2026

RNRG (Global X Funds Global X Renewable Energy Producers ETF) and RAYS (Global X Solar ETF) are both Alternative Energy Equities funds from Global X - RNRG tracks the Indxx Renewable Energy Producers Index while RAYS tracks the Solactive Solar Index. Both are passively managed. RNRG charges 0.65%/yr vs 0.50%/yr for RAYS.

Performance

RNRG vs. RAYS - Performance Comparison

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

Returns By Period

RNRG

• 1D: 0.17%
• 1M: -6.97%
• YTD: 8.52%
• 6M: 8.55%
• 1Y: 27.31%
• 3Y*: 1.81%
• 5Y*: -4.67%
• 10Y*: 4.25%

RAYS

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

RNRG vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
RNRG Global X Funds Global X Renewable Energy Producers ETF	1.56%
RAYS Global X Solar ETF	0.00%

RNRG vs. RAYS - Sectors Allocation Comparison

Sectors	RNRG	RAYS
Utilities	92.2%	6.8%
Industrials	3.0%	21.4%
Technology	2.8%	66.9%
Basic Materials	2.0%	0.9%
Communication Services	-	-
Consumer Cyclical	-	4.0%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

RNRG vs. RAYS — Risk / Return Rank

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

RNRG

RNRG Risk / Return Rank: 60
RNRG Sharpe Ratio Rank: 58
RNRG Sortino Ratio Rank: 56
RNRG Omega Ratio Rank: 52
RNRG Calmar Ratio Rank: 68
RNRG Martin Ratio Rank: 64

RAYS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RNRG vs. RAYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Funds Global X Renewable Energy Producers ETF (RNRG) and Global X Solar ETF (RAYS). 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.

	RNRG	RAYS	Difference
Sharpe ratio: Return per unit of total volatility	1.72	—	—
Sortino ratio: Return per unit of downside risk	2.38	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.98	—	—
Martin ratio: Return relative to average drawdown	10.19	—	—

Drawdowns

RNRG vs. RAYS - Drawdown Comparison

The maximum RNRG drawdown since its inception was -58.79%, which is greater than RAYS's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for RNRG and RAYS.

Drawdown Indicators

	RNRG	RAYS	Difference
Max Drawdown Largest peak-to-trough decline	-58.79%	0.00%	-58.79%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-35.23%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-52.17%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-58.79%	—	—
Current Drawdown Current decline from peak	-35.79%	0.00%	-35.79%
Average Drawdown Average peak-to-trough decline	-24.49%	0.00%	-24.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	—	—

Volatility

Volatility by Period

	RNRG	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.24%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.97%	0.00%	+15.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.16%	0.00%	+20.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.63%	0.00%	+19.63%

RNRG vs. RAYS - Expense Ratio Comparison

RNRG has a 0.65% expense ratio, which is higher than RAYS's 0.50% expense ratio.

Dividends

RNRG vs. RAYS - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RAYS Global X Solar ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RNRG Global X Funds Global X Renewable Energy Producers ETF	1.39%	1.50%	1.48%	1.44%	1.15%	1.10%	3.16%	2.97%	5.22%	4.14%	5.02%	3.48%

Frequently Asked Questions

Which ETF is better, RNRG or RAYS?

On fees, RAYS is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RNRG or RAYS?

RAYS is cheaper with a 0.50% expense ratio, compared with 0.65% for RNRG.

Which ETF pays a higher dividend yield, RNRG or RAYS?

RNRG has the higher dividend yield at 1.39%, compared with 0.00% for RAYS.

What is the main difference between RNRG and RAYS?

RNRG tracks Indxx Renewable Energy Producers Index, while RAYS tracks Solactive Solar Index. Their fees differ too: 0.65% for RNRG and 0.50% for RAYS.