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
$ 10.0 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 +
| NEXTRACKER, INC. CLASS A | 8.6 % |
| ZHEJIANG CHINT ELECTRICS-A | 8.0 % |
| SUNGROW POWER SUPPLY CO., LTD. CLASS A | 6.7 % |
| XI'AN LONGI SILICON MATERIALS CO., LTD. | 6.4 % |
| NINGBO DEYE TECHNOLOGY CO., LTD. CLASS A | 5.6 % |
| FIRST SOLAR INC | 5.5 % |
| ENPHASE ENERGY INC | 5.2 % |
| SHENZHEN S.C NEW ENERGY TECHNOLOGY CORP. | 4.2 % |
| GINLONG TECHNOLOGIES CO., LTD. CLASS A | 3.2 % |
| HANWHA CHEMICAL CORP | 2.8 % |
Constituent Breakdown
| Number of holdings | 47 |
| Herfindahl-Hirschman Index | 410 |
| 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. | 34.6% |
| Emerging mkts. | 65.5% |
Sector Breakdown
Country Exposure
 |
CHINA | 58.9 % |
 |
UNITED STATES | 26.9 % |
 |
SOUTH KOREA | 3.4 % |
 |
GERMANY | 1.6 % |
 |
NORWAY | 1.5 % |
 |
TAIWAN | 0.9 % |
 |
SPAIN | 0.6 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 13.1% | 63.0% | 14.1% | -9.7% | -- | -- | -- | -5.5% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | -- | 0.0% |
| Total Returns | 13.1% | 63.0% | 14.1% | -9.7% | -- | -- | -- | -5.5% | Ann. Volatility | 35.7% | 33.3% | 33.7% | 32.4% | -- | -- | -- | 34.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.30 | 3% |
| MSCI EAFE | 0.51 | 6% |
| MSCI Emg Mkts | 0.73 | 16% |
Liquidity Measures
| Avg. volume (000) | 6 |
| ADV traded (mns) | $0 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $12.54 |
| Relative strength (RSI) | 54 |
| MACD/Signal | 0.20/0.29 |
| Bollinger Bands (Upper/Lower) | $13.46/$12.15 |
| 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 | 29.8% | +15 bp | -2.6% |
| INRA.L | iShares Global Clean Energy Transition UCITS ETF | 29.8% | +15 bp | -2.6% |
| CTEK.L | Global X CleanTech UCITS ETF | 26.4% | 0 bp | -5.8% |
| XDG7.DE | Xtrackers MSCI Global SDG 7 Affordable and Clean Energy UCIT | 18.7% | -15 bp | -2.3% |
| XDG9.DE | Xtrackers MSCI Global SDG 9 Industry, Innovation & Infrastru | 18.5% | -15 bp | -0.7% |
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 4/5/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
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ETF Research Center Rating
4.9%
ALTAR SCORE™
55th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 579 funds in the Global Equity category with an average
ALTAR Score™ of 4.6% and a standard deviation
of 2.7%. RAYZ.L's ALTAR Score™ is approximately 0.1 standard
deviations above the category average. This places RAYZ.L in the 55th percentile
among funds in the category.
Sell-Side Consensus
$13.75
PRICE TARGET
+14.6%
UPSIDE