SDIP.L vs. RAYG.L

Last updated Jun 4, 2026

SDIP.L (Global X SuperDividend UCITS ETF USD Distributing) and RAYG.L (Global X Solar UCITS ETF USD Accumulating) are both exchange-traded funds - SDIP.L is a Dividend fund tracking the Solactive Global SuperDividend Index, while RAYG.L is a Energy Equities fund tracking the S&P Global Clean Energy TR USD. Both are passively managed. Over the past 3 years, SDIP.L returned 4.11%/yr vs -4.29%/yr for RAYG.L. At a 0.35 correlation, their price movements are largely independent. SDIP.L charges 0.45%/yr vs 0.50%/yr for RAYG.L.

Performance

SDIP.L vs. RAYG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Global X SuperDividend UCITS ETF USD Distributing (SDIP.L) and Global X Solar UCITS ETF USD Accumulating (RAYG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SDIP.L achieves a 2.65% return, which is significantly lower than RAYG.L's 24.53% return.

SDIP.L

• 1D: -1.03%
• 1M: -3.81%
• YTD: 2.65%
• 6M: 0.82%
• 1Y: 15.25%
• 3Y*: 4.11%
• 5Y*: —
• 10Y*: —

RAYG.L

• 1D: -0.88%
• 1M: 9.70%
• YTD: 24.53%
• 6M: 30.05%
• 1Y: 92.04%
• 3Y*: -4.29%
• 5Y*: —
• 10Y*: —

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

SDIP.L vs. RAYG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SDIP.L Global X SuperDividend UCITS ETF USD Distributing	2.65%	7.51%	-2.89%	-9.44%	-23.51%
RAYG.L Global X Solar UCITS ETF USD Accumulating	24.53%	30.23%	-27.04%	-36.40%	16.05%

Correlation

The correlation between SDIP.L and RAYG.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022	0.35

The correlation between SDIP.L and RAYG.L shifts across timeframes, from 0.23 (1 year) to 0.39 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

SDIP.L vs. RAYG.L — Risk / Return Rank

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

SDIP.L

SDIP.L Risk / Return Rank: 45
SDIP.L Sharpe Ratio Rank: 45
SDIP.L Sortino Ratio Rank: 44
SDIP.L Omega Ratio Rank: 45
SDIP.L Calmar Ratio Rank: 49
SDIP.L Martin Ratio Rank: 44

RAYG.L

RAYG.L Risk / Return Rank: 84
RAYG.L Sharpe Ratio Rank: 88
RAYG.L Sortino Ratio Rank: 82
RAYG.L Omega Ratio Rank: 75
RAYG.L Calmar Ratio Rank: 92
RAYG.L Martin Ratio Rank: 81

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.

SDIP.L vs. RAYG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X SuperDividend UCITS ETF USD Distributing (SDIP.L) and Global X Solar UCITS ETF USD Accumulating (RAYG.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.

	SDIP.L	RAYG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.57	2.93	-1.36
Sortino ratio: Return per unit of downside risk	2.23	3.67	-1.44
Omega ratio: Gain probability vs. loss probability	1.28	1.44	-0.16
Calmar ratio: Return relative to maximum drawdown	2.43	6.32	-3.89
Martin ratio: Return relative to average drawdown	7.28	16.04	-8.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SDIP.L vs. RAYG.L - Sharpe Ratio Comparison

The current SDIP.L Sharpe Ratio is 1.57, which is lower than the RAYG.L Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of SDIP.L and RAYG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SDIP.L	RAYG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	2.93	-1.36
Sharpe Ratio (All Time) Calculated using the full available price history	-0.41	-0.10	-0.32

Drawdowns

SDIP.L vs. RAYG.L - Drawdown Comparison

The maximum SDIP.L drawdown since its inception was -42.74%, smaller than the maximum RAYG.L drawdown of -71.14%. Use the drawdown chart below to compare losses from any high point for SDIP.L and RAYG.L.

Drawdown Indicators

	SDIP.L	RAYG.L	Difference
Max Drawdown Largest peak-to-trough decline	-42.74%	-71.14%	+28.40%
Max Drawdown (1Y) Largest decline over 1 year	-6.25%	-14.48%	+8.23%
Max Drawdown (3Y) Largest decline over 3 years	-21.84%	-58.12%	+36.28%
Current Drawdown Current decline from peak	-25.76%	-40.76%	+15.00%
Average Drawdown Average peak-to-trough decline	-27.04%	-42.80%	+15.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	5.72%	-3.63%

Volatility

SDIP.L vs. RAYG.L - Volatility Comparison

The current volatility for Global X SuperDividend UCITS ETF USD Distributing (SDIP.L) is 2.17%, while Global X Solar UCITS ETF USD Accumulating (RAYG.L) has a volatility of 8.30%. This indicates that SDIP.L experiences smaller price fluctuations and is considered to be less risky than RAYG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDIP.L	RAYG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.17%	8.30%	-6.13%
Volatility (6M) Calculated over the trailing 6-month period	6.75%	21.44%	-14.69%
Volatility (1Y) Calculated over the trailing 1-year period	9.65%	31.26%	-21.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.28%	32.58%	-16.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.28%	32.58%	-16.30%

SDIP.L vs. RAYG.L - Expense Ratio Comparison

SDIP.L has a 0.45% expense ratio, which is lower than RAYG.L's 0.50% expense ratio.

Dividends

SDIP.L vs. RAYG.L - Dividend Comparison

Neither SDIP.L nor RAYG.L has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
RAYG.L Global X Solar UCITS ETF USD Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%
SDIP.L Global X SuperDividend UCITS ETF USD Distributing	0.00%	0.00%	6.61%	2.00%	0.09%

Frequently Asked Questions

Can I hold both SDIP.L and RAYG.L in my portfolio?

SDIP.L and RAYG.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SDIP.L or RAYG.L?

On fees, SDIP.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SDIP.L or RAYG.L?

SDIP.L is cheaper with a 0.45% expense ratio, compared with 0.50% for RAYG.L.

What is the main difference between SDIP.L and RAYG.L?

SDIP.L is categorized as Dividend, while RAYG.L is Energy Equities. SDIP.L tracks Solactive Global SuperDividend Index, while RAYG.L tracks S&P Global Clean Energy TR USD. Their fees differ too: 0.45% for SDIP.L and 0.50% for RAYG.L.