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£17.35
on
- Ongoing charge
- 0.69% a year
- Fund size
- £70.8m
Source: TradingView, as of , at least 15 min delayed
At a glance
As of 30/09/2026, RAYS (Invesco Solar Energy UCITS ETF AccumUSD, ISIN IE00BM8QRZ79) closed at £17.35 on the London Stock Exchange. Its ongoing charge is 0.69% a year (about £69 on £10,000). Over the five years to 30/09/2026 its price changed by −44.6%, or −56.2% after UK CPIH inflation.
Past returns
- 1 year to 30/09/2026
- +0.9%
- −2.3% after inflation (UK CPIH)
- 3 years to 30/09/2026
- −22.8%
- −30.4% after inflation (UK CPIH)
- 5 years to 30/09/2026
- −44.6%
- −56.2% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £554 on 30/09/2026 — about £438 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: TradingView (delayed data) and Fundology, from recorded daily closes. Inflation: ONS 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 −36.3%, 2025 +38.8%; 2026 to 30/09/2026 −11.7%. 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: +3.3%; to 30/09/2025: −0.3%; to 30/09/2024: −24.5%; to 30/09/2023: −36.2%; to 30/09/2022: +12.8%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −11.7% | −14.2% | |
| +38.8% | +34.1% | ||
| −36.3% | −38.5% | ||
| −29.6% | −32.4% | ||
| +5.1% | −3.8% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +3.3% | Not available |
| from | −0.3% | −4.2% |
| from | −24.5% | −26.4% |
| from | −36.2% | −40.0% |
| from | +12.8% | +3.6% |
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , inflation: ONS CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
35.5%over 5 years
| 1 year | 31.3% |
|---|---|
| 3 years | 35.2% |
| 5 years | 35.5% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since October 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 October 2021
- 55.9%
- High of , latest
In words: Volatility of Invesco Solar Energy UCITS ETF AccumUSD in pounds, annualised from weekly returns to 30/09/2026: 31.3% over 1 year, 35.2% over 3 years, 35.5% over 5 years. Largest fall in the price of Invesco Solar Energy UCITS ETF AccumUSD since October 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 30/09/2026 the price of Invesco Solar Energy UCITS ETF AccumUSD was 55.9% below its highest weekly close since October 2021 (09/09/2022), in pounds.
Source: Fundology, from recorded closes and the data vendor’s weekly price history, 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
- 154 charge less
- 1 the same
- 7 charge more
Ongoing charge of Invesco Solar Energy UCITS ETF AccumUSD 0.69% a year, as of 01/10/2026: 7 of the 162 other sustainable and clean-energy funds charge more, 1 the same and 154 less (share classes counted once).
Source: Fund ongoing charges via TradingView, as of
A lower charge is not a promise of a higher return: what the fund holds matters more. Charges are the fund’s own published ongoing charges figure.
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
- 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
- £70.8m
- Launched
- Domicile
- Ireland
- Can be held in
- ISA and SIPP
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Sustainable & clean energy
Price chart
Since 31/07/2026, the closing price went from £19.21 on 31/07/2026 to £17.35 on 30/09/2026 (−9.7%). The lowest close shown was £17.06 on 24/09/2026 and the highest £20.60 on 11/08/2026.
Chart: closing prices we have recorded since 31/07/2026.
Source: TradingView, as of , at least 15 min delayed
Five years of prices, and after inflation
10 weekly closes, from 31/07/2026 to 30/09/2026. The same history in September 2026 pounds, adjusted with ONS 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
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Nextpower Inc USD 0.000100000 | 10.04% |
| 2 | First Solar Inc USD0.001 | 8.95% |
| 3 | Enlight Renewable EnergyENLT | 7.96% |
| 4 | Enphase EnergyENPH | 7.14% |
| 5 | Doral Group Renewable Energy Ils | 4.98% |
| 6 | HA Sustainable Infrastructure CapitalHASI | 4.77% |
| 7 | GCL Technology3800 | 4.69% |
| 8 | SolarEdge TechnologiesSEDG | 3.77% |
| 9 | Clearway Energy Inc-C | 3.76% |
| 10 | Sunrun Inc USD0.0001 | 3.76% |
Source: Invesco, holdings as published, as of , company pages by TradingView
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed.
By sector
- Information Technology35.0%
- Utilities32.2%
- Industrials28.0%
- Financials4.8%
By country
- United States46.6%
- Israel17.8%
- China11.8%
- Taiwan6.0%
- Spain5.3%
- Germany2.4%
- Norway1.9%
- South Africa1.8%
- Other countries6.4%
By type of asset
- Equity100.0%
- Cash and money market0.0%
36 holdings are listed for this fund. All 36 holdings of RAYS, with the full split by sector, country and type of asset.
All holdings
The fund publishes 36 holdings; the ten largest make up 59.8% 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.
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 218 rolling 12-month returns since August 2021, and of 114 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 October 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 30/09/2026 (151 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, as of 01/10/2026: 7 of the 162 other sustainable and clean-energy funds charge more, 1 the same and 154 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.
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 −36.3%, 2025 +38.8%; 2026 to 30/09/2026 −11.7%. Past performance is not a guide to future returns.
How has RAYS done after inflation?
Over the five years to 30/09/2026 RAYS’s price changed by −44.6%, or −56.2% after UK CPIH inflation. Past performance is not a guide to future returns.
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Sources and dates
- Prices
- London Stock Exchange closes via TradingView, at least 15 minutes delayed, latest
- Returns
- TradingView reported returns (net asset value with income reinvested where available); Fundology, from recorded closes
- Calendar years, risk
- Fundology, from recorded closes (weekly history from the data vendor where our record is short)
- Inflation
- ONS CPIH, latest month used August 2026
- Charges
- The fund’s ongoing charges figure, via TradingView
- Holdings
- Invesco, as published,
- Identity
- FCA Financial Instruments Reference Data System (FIRDS) and the issuer
- Fund size
- TradingView, converted to pounds at the latest ECB reference rate
Methodology:Data sourcesReturnsCategoriesAll methods
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