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ETFs

Global X Funds Global X Solar ETF

RAYS
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Sep 09 2021
Expense Ratio
0.50%
Type
Global Equities
Fund Owner
Global X
Volume (1m avg. daily)
$36,887
AUM
$4,503,400
Associated Index
Solactive Solar Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

FSLR
First Solar Inc
12.39%
002459
JA SOLAR TECHNOLOGY CO LTD-A
9.14%
300274
SUNGROW POWER SUPPLY CO LT-A
8.86%
601012
LONGI GREEN ENERGY TECHNOL-A
8.21%
ENPH
Enphase Energy Inc
6.11%
002129
TCL ZHONGHUAN RENEWABLE EN-A
5.66%
SEDG
Solaredge Technologies Inc
4.98%
688599
TRINA SOLAR CO LTD-A
4.28%
968
Xinyi Solar Holdings Limited
3.29%
603806
HANGZHOU FIRST APPLIED MAT-A
3.22%
Invest with RAYS

What is RAYS?

The Fund invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the Solactive Solar Index (the "Underlying Index") and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the Underlying Index. The Fund invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the Solactive Solar Index (the "Underlying Index") and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the Underlying Index.

ETFs related toRAYS

ETFs correlated to RAYS include TAN, ICLN, LIT

RAYS
Global X Funds - Global X Solar ETF
TAN
Invesco Capital Management LLC - Invesco Solar ETF
ICLN
BlackRock Institutional Trust Company N.A. - iShares Global Clean Energy ETF
LIT
Global X Funds - Global X Lithium & Battery Tech ETF
QCLN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Clean Edge Green Energy Index Fund
ACES
ALPS Fund Services - ALPS Clean Energy ETF
KGRN
KraneShares Trust - KraneShares MSCI China Clean Technology Index ETF
PBW
Invesco Capital Management LLC - Invesco WilderHill Clean Energy ETF
GRID
First Trust Exchange-Traded Fund III - First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
REMX
VanEck ETF Trust - VanEck Rare Earth/Strategic Metals ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

RAYS is a Global Equities ETF. The Fund invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the Solactive Solar Index (the "Underlying Index") and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the Underlying Index. The Fund invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the Solactive Solar Index (the "Underlying Index") and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the Underlying Index.

RAYS tracks the Solactive Solar Index.

No, RAYS is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, RAYS is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on RAYS is -0.01%. This is the percent change in the value of RAYS over the most recent 1-month period. The 3-month return on RAYS is 0.0241%. This is the percent change in the value of RAYS over the most recent 3-month period.

The standard deviation of RAYS for the past year is 0.3841%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to RAYS include IGF, EFG, and GUNR.

ETFs correlated to RAYS include TAN, ICLN, and LIT.

ETFs that are inversely correlated to RAYS include EUM, EDZ, and HIBS.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.