RAYZ.L
Global X Solar UCITS ETF AccumUSD
RAYZ invests in companies positioned to benefit from the advancement of the global solar technology industry.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 14.1 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Inception date | Feb 15, 2022 |
| Regulation | UCITs |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| FIRST SOLAR INC | 10.1 % |
| SUNGROW POWER SUPPLY CO., LTD. CLASS A | 9.0 % |
| NEXTRACKER, INC. CLASS A | 8.3 % |
| XI'AN LONGI SILICON MATERIALS CO., LTD. | 6.9 % |
| NINGBO DEYE TECHNOLOGY CO., LTD. CLASS A | 6.3 % |
| ENPHASE ENERGY INC | 4.3 % |
| GINLONG TECHNOLOGIES CO., LTD. CLASS A | 3.6 % |
| ZHEJIANG CHINT ELECTRICS-A | 3.3 % |
| SHENZHEN S.C NEW ENERGY TECHNOLOGY CORP. | 2.9 % |
| HANWHA CHEMICAL CORP | 2.9 % |
Constituent Breakdown
| Number of holdings | 49 |
| Herfindahl-Hirschman Index | 431 |
| Wgt avg mkt cap (mns) | $9,942 |
| Large cap (>$10bn) | 27.6% |
| Mid cap ($2-10bn) | 51.5% |
| Small cap (<$2bn) | 16.3% |
| Developed mkts. | 36.5% |
| Emerging mkts. | 63.6% |
Sector Breakdown
Country Exposure
 |
CHINA | 59.6 % |
 |
UNITED STATES | 31.5 % |
 |
SOUTH KOREA | 3.4 % |
 |
SPAIN | 1.4 % |
 |
GERMANY | 1.4 % |
 |
NORWAY | 1.3 % |
 |
CANADA | 0.7 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 28.6% | 99.2% | 20.2% | 0.2% | -- | -- | -- | -2.3% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | -- | 0.0% |
| Total Returns | 28.6% | 99.2% | 20.2% | 0.2% | -- | -- | -- | -2.3% | Ann. Volatility | 34.3% | 32.5% | 33.6% | 33.0% | -- | -- | -- | 34.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.81 | 9% |
| MSCI EAFE | 0.68 | 10% |
| MSCI Emg Mkts | 0.67 | 17% |
Liquidity Measures
| Avg. volume (000) | 2 |
| ADV traded (mns) | $0 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $13.29 |
| Relative strength (RSI) | 61 |
| MACD/Signal | 0.40/0.31 |
| Bollinger Bands (Upper/Lower) | $14.43/$12.39 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. RAYZ.L |
Expenses vs. RAYZ.L |
ALTAR Score™ vs. RAYZ.L |
|---|---|---|---|---|
| INRG.L | iShares Global Clean Energy Transition UCITS ETF | 26.2% | +15 bp | -2.6% |
| CTEK.L | Global X CleanTech UCITS ETF | 22.4% | 0 bp | -5.1% |
| WRNW.L | WisdomTree Renewable Energy UCITS ETF - USD Acc | 18.8% | -5 bp | -2.0% |
| XDG9.DE | Xtrackers MSCI Global SDG 9 Industry, Innovation & Infrastru | 16.9% | -15 bp | -0.6% |
| XDG7.DE | Xtrackers MSCI Global SDG 7 Affordable and Clean Energy UCIT | 16.3% | -15 bp | -2.1% |
Risk and Returns: RAYZ.L vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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ETF Research Center Rating
4.3%
ALTAR SCORE™
50th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 726 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% and a standard deviation
of 2.6%. RAYZ.L's ALTAR Score™ is approximately 0.0 standard
deviations above the category average. This places RAYZ.L in the 50th percentile
among funds in the category.
Sell-Side Consensus
$15.32
PRICE TARGET
+11.1%
UPSIDE