URNG.L vs. RAYG.L
URNG.L (Global X Uranium UCITS ETF USD Accumulating) and RAYG.L (Global X Solar UCITS ETF USD Accumulating) are both exchange-traded funds - URNG.L is a Commodity Producers Equities fund tracking the Solactive Global Uranium & Nuclear Components, 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, URNG.L returned 36.12%/yr vs -4.78%/yr for RAYG.L. At a 0.30 correlation, their price movements are largely independent. URNG.L charges 0.65%/yr vs 0.50%/yr for RAYG.L.
Performance
URNG.L vs. RAYG.L - Performance Comparison
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Returns By Period
In the year-to-date period, URNG.L achieves a 18.27% return, which is significantly lower than RAYG.L's 21.50% return.
URNG.L
- 1D
- -0.48%
- 1M
- -7.77%
- YTD
- 18.27%
- 6M
- 7.25%
- 1Y
- 64.64%
- 3Y*
- 36.12%
- 5Y*
- —
- 10Y*
- —
RAYG.L
- 1D
- -2.44%
- 1M
- 4.77%
- YTD
- 21.50%
- 6M
- 25.77%
- 1Y
- 84.67%
- 3Y*
- -4.78%
- 5Y*
- —
- 10Y*
- —
URNG.L vs. RAYG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
URNG.L Global X Uranium UCITS ETF USD Accumulating | 18.27% | 58.50% | 2.96% | 30.86% | -14.11% |
RAYG.L Global X Solar UCITS ETF USD Accumulating | 21.50% | 30.23% | -27.04% | -36.40% | 24.89% |
Correlation
The correlation between URNG.L and RAYG.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2022 | 0.30 |
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Return for Risk
URNG.L vs. RAYG.L — Risk / Return Rank
URNG.L
RAYG.L
URNG.L vs. RAYG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Uranium UCITS ETF USD Accumulating (URNG.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.
| URNG.L | RAYG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.41 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 5.82 | -3.84 |
| Martin ratioReturn relative to average drawdown | 5.06 | 14.72 | -9.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| URNG.L | RAYG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 2.69 | -1.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | -0.11 | +0.63 |
Drawdowns
URNG.L vs. RAYG.L - Drawdown Comparison
The maximum URNG.L drawdown since its inception was -38.98%, smaller than the maximum RAYG.L drawdown of -71.14%. Use the drawdown chart below to compare losses from any high point for URNG.L and RAYG.L.
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Drawdown Indicators
| URNG.L | RAYG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.98% | -71.14% | +32.16% |
Max Drawdown (1Y)Largest decline over 1 year | -32.59% | -14.48% | -18.11% |
Max Drawdown (3Y)Largest decline over 3 years | -38.98% | -58.12% | +19.14% |
Current DrawdownCurrent decline from peak | -13.93% | -42.21% | +28.28% |
Average DrawdownAverage peak-to-trough decline | -12.79% | -42.80% | +30.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.75% | 5.73% | +7.02% |
Volatility
URNG.L vs. RAYG.L - Volatility Comparison
Global X Uranium UCITS ETF USD Accumulating (URNG.L) has a higher volatility of 14.89% compared to Global X Solar UCITS ETF USD Accumulating (RAYG.L) at 8.58%. This indicates that URNG.L's price experiences larger fluctuations and is considered to be riskier than RAYG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URNG.L | RAYG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.89% | 8.58% | +6.31% |
Volatility (6M)Calculated over the trailing 6-month period | 33.87% | 21.55% | +12.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.10% | 31.33% | +17.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.66% | 32.59% | +7.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.66% | 32.59% | +7.07% |
URNG.L vs. RAYG.L - Expense Ratio Comparison
URNG.L has a 0.65% expense ratio, which is higher than RAYG.L's 0.50% expense ratio.
Dividends
URNG.L vs. RAYG.L - Dividend Comparison
Neither URNG.L nor RAYG.L has paid dividends to shareholders.
Frequently Asked Questions
URNG.L and RAYG.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RAYG.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RAYG.L is cheaper with a 0.50% expense ratio, compared with 0.65% for URNG.L.
URNG.L is categorized as Commodity Producers Equities, while RAYG.L is Energy Equities. URNG.L tracks Solactive Global Uranium & Nuclear Components, while RAYG.L tracks S&P Global Clean Energy TR USD. Their fees differ too: 0.65% for URNG.L and 0.50% for RAYG.L.
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