XSEN.L vs. RAYG.L
XSEN.L (Xtrackers MSCI USA Energy UCITS ETF 1D) and RAYG.L (Global X Solar UCITS ETF USD Accumulating) are both Energy Equities funds - XSEN.L tracks the MSCI World/Energy NR USD while RAYG.L tracks the S&P Global Clean Energy TR USD. Both are passively managed. Over the past 3 years, XSEN.L returned 14.11%/yr vs -4.78%/yr for RAYG.L. At a 0.13 correlation, their price movements are largely independent. XSEN.L charges 0.12%/yr vs 0.50%/yr for RAYG.L.
Performance
XSEN.L vs. RAYG.L - Performance Comparison
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Different Trading Currencies
XSEN.L is traded in GBp, while RAYG.L is traded in GBP. To make them comparable, the RAYG.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XSEN.L achieves a 30.06% return, which is significantly higher than RAYG.L's 21.50% return.
XSEN.L
- 1D
- -0.32%
- 1M
- -0.61%
- YTD
- 30.06%
- 6M
- 28.04%
- 1Y
- 45.70%
- 3Y*
- 14.11%
- 5Y*
- 21.37%
- 10Y*
- —
RAYG.L
- 1D
- -2.44%
- 1M
- 4.77%
- YTD
- 21.50%
- 6M
- 25.77%
- 1Y
- 84.67%
- 3Y*
- -4.78%
- 5Y*
- —
- 10Y*
- —
XSEN.L vs. RAYG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XSEN.L Xtrackers MSCI USA Energy UCITS ETF 1D | 30.06% | 1.87% | 6.67% | -5.89% | 48.25% |
RAYG.L Global X Solar UCITS ETF USD Accumulating | 21.50% | 30.23% | -27.04% | -36.40% | 16.05% |
Correlation
The correlation between XSEN.L and RAYG.L is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | 0.13 |
The correlation between XSEN.L and RAYG.L shifts across timeframes, from -0.10 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XSEN.L vs. RAYG.L — Risk / Return Rank
XSEN.L
RAYG.L
XSEN.L vs. RAYG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI USA Energy UCITS ETF 1D (XSEN.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.
| XSEN.L | RAYG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.41 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 5.82 | -3.07 |
| Martin ratioReturn relative to average drawdown | 8.57 | 14.72 | -6.15 |
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
| XSEN.L | RAYG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 2.69 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | -0.11 | +0.45 |
Drawdowns
XSEN.L vs. RAYG.L - Drawdown Comparison
The maximum XSEN.L drawdown since its inception was -62.46%, smaller than the maximum RAYG.L drawdown of -71.14%. Use the drawdown chart below to compare losses from any high point for XSEN.L and RAYG.L.
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Drawdown Indicators
| XSEN.L | RAYG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.46% | -71.14% | +8.68% |
Max Drawdown (1Y)Largest decline over 1 year | -16.55% | -14.48% | -2.07% |
Max Drawdown (3Y)Largest decline over 3 years | -23.22% | -58.12% | +34.90% |
Max Drawdown (5Y)Largest decline over 5 years | -24.04% | — | — |
Current DrawdownCurrent decline from peak | -9.31% | -42.21% | +32.90% |
Average DrawdownAverage peak-to-trough decline | -17.79% | -42.80% | +25.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.32% | 5.73% | -0.41% |
Volatility
XSEN.L vs. RAYG.L - Volatility Comparison
Xtrackers MSCI USA Energy UCITS ETF 1D (XSEN.L) has a higher volatility of 9.04% compared to Global X Solar UCITS ETF USD Accumulating (RAYG.L) at 8.58%. This indicates that XSEN.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
| XSEN.L | RAYG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.04% | 8.58% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 20.50% | 21.55% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.79% | 31.33% | -7.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.01% | 32.59% | -6.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.43% | 32.59% | -3.16% |
XSEN.L vs. RAYG.L - Expense Ratio Comparison
XSEN.L has a 0.12% expense ratio, which is lower than RAYG.L's 0.50% expense ratio.
Dividends
XSEN.L vs. RAYG.L - Dividend Comparison
XSEN.L's dividend yield for the trailing twelve months is around 2.08%, while RAYG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RAYG.L Global X Solar UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XSEN.L Xtrackers MSCI USA Energy UCITS ETF 1D | 2.08% | 2.70% | 2.70% | 3.24% | 3.69% | 3.27% | 7.11% | 2.78% |
Frequently Asked Questions
XSEN.L and RAYG.L have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSEN.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSEN.L is cheaper with a 0.12% expense ratio, compared with 0.50% for RAYG.L.
XSEN.L tracks MSCI World/Energy NR USD, while RAYG.L tracks S&P Global Clean Energy TR USD. They also come from different issuers: Xtrackers and Global X. Their fees differ too: 0.12% for XSEN.L and 0.50% for RAYG.L.
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