ETF · Invesco
RAYS Invesco Solar Energy UCITS ETF AccumUSD
ISIN IE00BM8QRZ79London Stock Exchange: RAYSInvesco Ltd.
- Sustainable & clean energy
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE£16.39
on
- Ongoing charge
- 0.69% a year
- Fund size
- £116m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, RAYS (Invesco Solar Energy UCITS ETF AccumUSD, ISIN IE00BM8QRZ79) closed at £16.39 on the London Stock Exchange. Its ongoing charge is 0.69% a year (about £69 on £10,000). Over the five years to 13/11/2026 its price changed by −57.7%, or −67.0% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −16.6%
- −19.6% after inflation (UK CPIH)
- 3 years to 13/11/2026
- −11.2%
- −19.7% after inflation (UK CPIH)
- 5 years to 13/11/2026
- −57.7%
- −67.0% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £423 on 13/11/2026 — about £330 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Invesco Solar Energy UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund): 2022 +5.1%, 2023 −29.6%, 2024 −33.0%, 2025 +33.5%; 2026 to 13/11/2026 −17.6%. Returns of Invesco Solar Energy UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −4.2%; to 30/09/2025: +7.5%; to 30/09/2024: −24.5%; to 30/09/2023: −36.2%; to 30/09/2022: +11.6%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −17.6% | −20.2% | |
| to | +33.5% | +28.9% | |
| to | −33.0% | −35.3% | |
| −29.6% | −32.4% | ||
| +5.1% | −3.8% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −4.2% | −7.6% |
| from | +7.5% | +3.3% |
| from | −24.5% | −26.4% |
| from | −36.2% | −40.0% |
| from | +11.6% | +2.6% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
35.7%over 5 years
| 1 year | 35.2% |
|---|---|
| 3 years | 35.4% |
| 5 years | 35.7% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −72.7%
- From to
- Lowest 12-month return
- −50.6%
- 12 months to
- Highest 12-month return
- +126.5%
- 12 months to
- Below its highest weekly close since November 2021
- 58.4%
- High of , latest
In words: Volatility of Invesco Solar Energy UCITS ETF AccumUSD in pounds, annualised from weekly returns to 13/11/2026: 35.2% over 1 year, 35.4% over 3 years, 35.7% over 5 years. Largest fall in the price of Invesco Solar Energy UCITS ETF AccumUSD since November 2021, in pounds: −72.7% from 09/09/2022 to 11/04/2025. The lowest 12-month return of Invesco Solar Energy UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) since August 2021 was −50.6% (12 months to 10/11/2023); the highest was +126.5% (12 months to 29/05/2026). On 13/11/2026 the price of Invesco Solar Energy UCITS ETF AccumUSD was 58.4% below its highest weekly close since November 2021 (09/09/2022), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.69%
- a year
- On £10,000
- £69
- a year, roughly
- Over five years
- £340
- of £10,000, before growth
- 172 charge less
- 0 the same
- 5 charge more
Ongoing charge of Invesco Solar Energy UCITS ETF AccumUSD 0.69% a year. Compared on 14/11/2026, 5 of the 177 other sustainable and clean-energy funds charge more, 0 the same and 172 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Invesco Solar Energy UCITS ETF AccumUSD is an exchange-traded fund (ETF) from Invesco, launched in 2021.
It tracks the MAC Global Solar Energy Index.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.69% a year — about £69 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
Sustainable & clean energy: Funds that screen companies on environmental, social or governance grounds, or focus on clean energy.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- RAYS
- ISIN
- IE00BM8QRZ79
- Also listed as
- ISUN (London Stock Exchange, US dollars), S0LR (Xetra, euros)
- Provider
- Invesco
- Tracks
- MAC Global Solar Energy Index
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.69% a year · about £69 on £10,000
- Fund size
- £116m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Sustainable & clean energy
Price chart
Over the last year, the closing price went from £19.86 on 14/11/2025 to £16.39 on 13/11/2026 (−17.5%). The lowest close shown was £15.53 on 30/10/2026 and the highest £28.62 on 29/05/2026.
One close a week. Before 31/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
262 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 36
- on record
- Ten largest
- 62.3%
- of the whole fund
- Effective number of holdings
- 19
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 12.5%
- Nextpower
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | NextpowerNXT | 12.50% |
| 2 | First SolarFSLR | 9.12% |
| 3 | Enlight Renewable EnergyENLT | 8.06% |
| 4 | Enphase EnergyENPH | 6.00% |
| 5 | HA Sustainable Infrastructure CapitalHASI | 5.37% |
| 6 | Doral Group Renewable Energy ResourcesDORL | 5.17% |
| 7 | Clearway EnergyCWEN | 4.44% |
| 8 | SunrunRUN | 4.27% |
| 9 | GCL Technology3800 | 3.95% |
| 10 | Solaria Energia y Medio AmbienteSLR | 3.38% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By country
- United States53.4%
- Israel18.0%
- Cayman Islands6.8%
- Taiwan5.5%
- Spain5.2%
- Germany2.0%
- Norway1.7%
- United Kingdom1.4%
- Other countries5.3%
- Not classified0.8%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 36 largest and what changed since .
All holdings
The fund publishes 36 holdings; the ten largest make up 62.3% of it.
Create a free account to see the full holdings list
Sign-up takes an email address. There is no card to enter and nothing to pay.
Sector split
As a share of the whole fund. 83.7% of it is classified by sector; bonds, cash and positions that cannot be matched are left out rather than guessed.
- Electronic Technology28.9%
- Utilities28.8%
- Producer Manufacturing13.9%
- Finance5.4%
- Process Industries4.9%
- Industrial Services1.8%
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 224 rolling 12-month returns since August 2021, and of 120 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI World UCITS ETF, over the three years to 13/11/2026 (154 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of RAYS?
The ongoing charge of RAYS is 0.69% a year — about £69 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Invesco Solar Energy UCITS ETF AccumUSD 0.69% a year. Compared on 14/11/2026, 5 of the 177 other sustainable and clean-energy funds charge more, 0 the same and 172 less (share classes counted once).
What does RAYS track?
RAYS tracks the MAC Global Solar Energy Index.
Is RAYS accumulating or distributing?
RAYS is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
What is the ISIN of RAYS?
The ISIN of RAYS is IE00BM8QRZ79. An ISIN identifies one exact share class of a fund; RAYS is its ticker on the London Stock Exchange. The same share class is also listed as ISUN (London Stock Exchange, US dollars) and S0LR (Xetra, euros).
What does RAYS hold?
As of 12/11/2026, RAYS holds 36 positions, according to its published holdings. The largest is Nextpower at 12.50% of the fund; the ten largest make up 62.3%. Its ten largest holdings are Nextpower (12.50%), First Solar (9.12%), Enlight Renewable Energy (8.06%), Enphase Energy (6.00%), HA Sustainable Infrastructure Capital (5.37%), Doral Group Renewable Energy Resources (5.17%), Clearway Energy (4.44%), Sunrun (4.27%), GCL Technology (3.95%) and Solaria Energia y Medio Ambiente (3.38%).
What were RAYS’s returns in each of the last five years?
Calendar-year returns of RAYS in pounds (price, with income reinvested in the fund): 2022 +5.1%, 2023 −29.6%, 2024 −33.0%, 2025 +33.5%; 2026 to 13/11/2026 −17.6%. Past performance is not a guide to future returns.
How has RAYS done after inflation?
Over the five years to 13/11/2026 RAYS’s price changed by −57.7%, or −67.0% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
Methodology:ReturnsCategoriesAll methods
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