XSEN.L vs. RAYS.L
XSEN.L (Xtrackers MSCI USA Energy UCITS ETF 1D) and RAYS.L (Invesco Solar Energy UCITS ETF Acc) are both Energy Equities funds - XSEN.L tracks the MSCI World/Energy NR USD while RAYS.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 -3.85%/yr for RAYS.L. At a 0.15 correlation, their price movements are largely independent. XSEN.L charges 0.12%/yr vs 0.69%/yr for RAYS.L.
Performance
XSEN.L vs. RAYS.L - Performance Comparison
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Returns By Period
In the year-to-date period, XSEN.L achieves a 30.06% return, which is significantly lower than RAYS.L's 39.17% 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*
- —
RAYS.L
- 1D
- -1.94%
- 1M
- 17.09%
- YTD
- 39.17%
- 6M
- 42.22%
- 1Y
- 109.66%
- 3Y*
- -3.85%
- 5Y*
- —
- 10Y*
- —
XSEN.L vs. RAYS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XSEN.L Xtrackers MSCI USA Energy UCITS ETF 1D | 30.06% | 1.87% | 6.67% | -5.89% | 82.86% | 15.50% |
RAYS.L Invesco Solar Energy UCITS ETF Acc | 39.17% | 36.36% | -36.34% | -29.61% | 5.10% | -6.84% |
Correlation
The correlation between XSEN.L and RAYS.L is -0.17, 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 | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Aug 13, 2021 | 0.15 |
The correlation between XSEN.L and RAYS.L shifts across timeframes, from -0.17 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XSEN.L vs. RAYS.L — Risk / Return Rank
XSEN.L
RAYS.L
XSEN.L vs. RAYS.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 Invesco Solar Energy UCITS ETF Acc (RAYS.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 | RAYS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.47 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 9.02 | -6.27 |
| Martin ratioReturn relative to average drawdown | 8.57 | 21.84 | -13.26 |
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 | RAYS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 3.27 | -1.35 |
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. RAYS.L - Drawdown Comparison
The maximum XSEN.L drawdown since its inception was -62.46%, smaller than the maximum RAYS.L drawdown of -73.42%. Use the drawdown chart below to compare losses from any high point for XSEN.L and RAYS.L.
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Drawdown Indicators
| XSEN.L | RAYS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.46% | -73.42% | +10.96% |
Max Drawdown (1Y)Largest decline over 1 year | -16.55% | -11.90% | -4.65% |
Max Drawdown (3Y)Largest decline over 3 years | -23.22% | -64.51% | +41.29% |
Max Drawdown (5Y)Largest decline over 5 years | -24.04% | — | — |
Current DrawdownCurrent decline from peak | -9.31% | -32.84% | +23.53% |
Average DrawdownAverage peak-to-trough decline | -17.79% | -41.69% | +23.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.32% | 4.93% | +0.39% |
Volatility
XSEN.L vs. RAYS.L - Volatility Comparison
The current volatility for Xtrackers MSCI USA Energy UCITS ETF 1D (XSEN.L) is 9.04%, while Invesco Solar Energy UCITS ETF Acc (RAYS.L) has a volatility of 12.48%. This indicates that XSEN.L experiences smaller price fluctuations and is considered to be less risky than RAYS.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 | RAYS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.04% | 12.48% | -3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 20.50% | 21.95% | -1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.79% | 32.89% | -9.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.01% | 36.87% | -10.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.43% | 36.87% | -7.44% |
XSEN.L vs. RAYS.L - Expense Ratio Comparison
XSEN.L has a 0.12% expense ratio, which is lower than RAYS.L's 0.69% expense ratio.
Dividends
XSEN.L vs. RAYS.L - Dividend Comparison
XSEN.L's dividend yield for the trailing twelve months is around 2.08%, while RAYS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RAYS.L Invesco Solar Energy UCITS ETF Acc | 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 RAYS.L have a correlation of -0.17, 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 0.69% for RAYS.L.
XSEN.L tracks MSCI World/Energy NR USD, while RAYS.L tracks S&P Global Clean Energy TR USD. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.12% for XSEN.L and 0.69% for RAYS.L.
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