RAYS vs. ICLN ETF Comparison

Comparison of Global X Solar ETF (RAYS) to iShares S&P Global Clean Energy Index Fund (ICLN)

RAYS

Global X Solar ETF

RAYS Description

The Global X Solar ETF seeks to invest in companies positioned to benefit from the advancement of the global solar technology industry. This includes companies involved in solar power production; the integration of solar into energy systems; and the development/manufacturing of solar-powered generators, engines, batteries, and other technologies related to the utilization of solar as an energy source.

Grade (RS Rating)

Last Trade

$10.85

Average Daily Volume

5,663

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ICLN

iShares S&P Global Clean Energy Index Fund

ICLN Description

The investment seeks to track the investment results of an index composed of global equities in the clean energy sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P Global Clean Energy IndexTM (the "underlying index"), which is designed to track the performance of approximately 30 of what is expected to be the most liquid and tradable securities of global companies involved in clean energy related businesses. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$13.25

Average Daily Volume

3,490,705

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RAYS	ICLN
30 Days	-9.51%	-5.15%
60 Days	-7.58%	-6.23%
90 Days	-2.43%	-7.02%
12 Months	-41.12%	-26.04%

9 Overlapping Holdings

Symbol	Grade	Weight in RAYS	Weight in ICLN	Overlap
AMPS	D	0.4%	0.12%	0.12%
ARRY	F	2.59%	0.9%	0.9%
ENPH	F	10.78%	7.45%	7.45%
FSLR	A	10.47%	7.81%	7.81%
NOVA	F	0.51%	0.2%	0.2%
RUN	F	2.46%	0.84%	0.84%
SEDG	F	3.83%	1.7%	1.7%
SHLS	F	1.74%	0.74%	0.74%
SPWR	F	0.21%	0.09%	0.09%

RAYS Overweight 3 Positions Relative to ICLN

Symbol	Grade	Weight
AY	A	1.72%
CSIQ	F	0.98%
MAXN	F	0.12%

RAYS Underweight 8 Positions Relative to ICLN

Symbol	Grade	Weight
ED	A	-6.56%
NXT	F	-2.79%
ORA	C	-1.81%
CWEN	A	-1.01%
AGR	B	-1.01%
PLUG	F	-0.68%
REX	B	-0.45%
IDR	B	-0.0%