AMJB vs. RAYS

Last updated Aug 1, 2026

AMJB (Alerian MLP Index ETN) and RAYS (Global X Solar ETF) are both exchange-traded funds - AMJB is a Energy Equities fund tracking the Alerian MLP Index, while RAYS is a Alternative Energy Equities fund tracking the Solactive Solar Index. Both are passively managed. AMJB charges 0.85%/yr vs 0.50%/yr for RAYS.

Performance

AMJB vs. RAYS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alerian MLP Index ETN (AMJB) and Global X Solar ETF (RAYS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AMJB

• 1D: 0.54%
• 1M: 8.13%
• 6M: 14.51%
• YTD: 24.51%
• 1Y: 21.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.31%

RAYS

• 1D: 0.00%
• 1M: 0.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMJB Alerian MLP Index ETN	$770.06K	$939.64K	$1.10M
RAYS Global X Solar ETF	$0.00	$0.00	$0.00

AMJB vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
AMJB Alerian MLP Index ETN	12.47%
RAYS Global X Solar ETF	0.00%

Return for Risk

AMJB vs. RAYS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AMJB

AMJB Risk / Return Rank: 47
AMJB Sharpe Ratio Rank: 49
AMJB Sortino Ratio Rank: 50
AMJB Omega Ratio Rank: 45
AMJB Calmar Ratio Rank: 47
AMJB Martin Ratio Rank: 44

RAYS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AMJB vs. RAYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alerian MLP Index ETN (AMJB) and Global X Solar ETF (RAYS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AMJB	RAYS	Difference
Sharpe ratio: Return per unit of total volatility	1.20	—	—
Sortino ratio: Return per unit of downside risk	1.79	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.68	—	—
Martin ratio: Return relative to average drawdown	5.00	—	—

Drawdowns

AMJB vs. RAYS - Drawdown Comparison

The maximum AMJB drawdown since its inception was -17.70%, which is greater than RAYS's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for AMJB and RAYS.

Drawdown Indicators

	AMJB	RAYS	Difference
Max Drawdown Largest peak-to-trough decline	-17.70%	0.00%	-17.70%
Max Drawdown (1Y) Largest decline over 1 year	-11.80%	—	—
Current Drawdown Current decline from peak	-0.61%	0.00%	-0.61%
Average Drawdown Average peak-to-trough decline	-5.03%	0.00%	-5.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.19%	—	—

Volatility

Volatility by Period

	AMJB	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.51%	0.00%	+16.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.36%	0.00%	+18.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.36%	0.00%	+18.36%

AMJB vs. RAYS - Expense Ratio Comparison

AMJB has a 0.85% expense ratio, which is higher than RAYS's 0.50% expense ratio.

Dividends

AMJB vs. RAYS - Dividend Comparison

Neither AMJB nor RAYS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, AMJB or RAYS?

On fees, RAYS is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMJB or RAYS?

RAYS is cheaper with a 0.50% expense ratio, compared with 0.85% for AMJB.

Which ETF pays a higher dividend yield, AMJB or RAYS?

AMJB and RAYS have nearly identical dividend yields, around 0.00%.

What is the main difference between AMJB and RAYS?

AMJB is categorized as Energy Equities, while RAYS is Alternative Energy Equities. AMJB tracks Alerian MLP Index, while RAYS tracks Solactive Solar Index. They also come from different issuers: JPMorgan and Global X. Their fees differ too: 0.85% for AMJB and 0.50% for RAYS.