BESF vs. RAYS

Last updated Aug 5, 2026

BESF (Bastion Energy ETF) and RAYS (Global X Solar ETF) are both exchange-traded funds - BESF is a Energy Equities fund actively managed by Bastion, while RAYS is a Alternative Energy Equities fund tracking the Solactive Solar Index. BESF is actively managed, while RAYS is passively managed. BESF charges 0.80%/yr vs 0.50%/yr for RAYS.

Performance

BESF vs. RAYS - Performance Comparison

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

Returns By Period

BESF

• 1D: -0.71%
• 1M: 1.22%
• 6M: 6.34%
• YTD: 15.80%
• 1Y: 54.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 50.17%

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)
BESF Bastion Energy ETF	$42.02K	$83.06K	$88.56K
RAYS Global X Solar ETF	$0.00	$0.00	$0.00

BESF vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
BESF Bastion Energy ETF	7.04%
RAYS Global X Solar ETF	0.00%

Return for Risk

BESF vs. RAYS — Risk / Return Rank

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

BESF

BESF Risk / Return Rank: 84
BESF Sharpe Ratio Rank: 85
BESF Sortino Ratio Rank: 83
BESF Omega Ratio Rank: 78
BESF Calmar Ratio Rank: 93
BESF Martin Ratio Rank: 79

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.

BESF vs. RAYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bastion Energy ETF (BESF) 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.

	BESF	RAYS	Difference
Sharpe ratio: Return per unit of total volatility	2.20	—	—
Sortino ratio: Return per unit of downside risk	2.99	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	5.00	—	—
Martin ratio: Return relative to average drawdown	11.57	—	—

Drawdowns

BESF vs. RAYS - Drawdown Comparison

The maximum BESF drawdown since its inception was -10.97%, which is greater than RAYS's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for BESF and RAYS.

Drawdown Indicators

	BESF	RAYS	Difference
Max Drawdown Largest peak-to-trough decline	-10.97%	0.00%	-10.97%
Max Drawdown (1Y) Largest decline over 1 year	-10.97%	—	—
Current Drawdown Current decline from peak	-8.98%	0.00%	-8.98%
Average Drawdown Average peak-to-trough decline	-3.26%	0.00%	-3.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.73%	—	—

Volatility

Volatility by Period

	BESF	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.30%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.94%	0.00%	+24.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.26%	0.00%	+24.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.26%	0.00%	+24.26%

BESF vs. RAYS - Expense Ratio Comparison

BESF has a 0.80% expense ratio, which is higher than RAYS's 0.50% expense ratio.

Dividends

BESF vs. RAYS - Dividend Comparison

BESF's dividend yield for the trailing twelve months is around 5.94%, while RAYS has not paid dividends to shareholders.

Position	TTM	2025
BESF Bastion Energy ETF	5.94%	6.39%
RAYS Global X Solar ETF	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, BESF 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, BESF or RAYS?

RAYS is cheaper with a 0.50% expense ratio, compared with 0.80% for BESF.

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

BESF has the higher dividend yield at 5.94%, compared with 0.00% for RAYS.

What is the main difference between BESF and RAYS?

BESF is categorized as Energy Equities, while RAYS is Alternative Energy Equities. They also come from different issuers: Bastion and Global X. Their fees differ too: 0.80% for BESF and 0.50% for RAYS.