COAL vs. RAYS

Last updated Aug 4, 2026

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

Performance

COAL vs. RAYS - Performance Comparison

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

Returns By Period

COAL

• 1D: -0.56%
• 1M: -1.00%
• 6M: -12.93%
• YTD: -1.39%
• 1Y: 21.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -3.27%

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)
COAL Range Global Coal Index ETF	$599.70K	$1.03M	$1.30M
RAYS Global X Solar ETF	$0.00	$0.00	$0.00

COAL vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
COAL Range Global Coal Index ETF	-11.24%
RAYS Global X Solar ETF	0.00%

COAL vs. RAYS - Sectors Allocation Comparison

Sectors	COAL	RAYS
Energy	47.2%	-
Basic Materials	44.2%	0.9%
Industrials	7.4%	21.4%
Utilities	1.2%	6.8%
Communication Services	-	-
Consumer Cyclical	-	4.0%
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	66.9%

Return for Risk

COAL vs. RAYS — Risk / Return Rank

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

COAL

COAL Risk / Return Rank: 29
COAL Sharpe Ratio Rank: 30
COAL Sortino Ratio Rank: 31
COAL Omega Ratio Rank: 29
COAL Calmar Ratio Rank: 29
COAL Martin Ratio Rank: 27

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.

COAL vs. RAYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Range Global Coal Index ETF (COAL) 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.

	COAL	RAYS	Difference
Sharpe ratio: Return per unit of total volatility	0.75	—	—
Sortino ratio: Return per unit of downside risk	1.24	—	—
Omega ratio: Gain probability vs. loss probability	1.14	—	—
Calmar ratio: Return relative to maximum drawdown	1.00	—	—
Martin ratio: Return relative to average drawdown	2.35	—	—

Drawdowns

COAL vs. RAYS - Drawdown Comparison

The maximum COAL drawdown since its inception was -42.29%, which is greater than RAYS's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for COAL and RAYS.

Drawdown Indicators

	COAL	RAYS	Difference
Max Drawdown Largest peak-to-trough decline	-42.29%	0.00%	-42.29%
Max Drawdown (1Y) Largest decline over 1 year	-21.69%	—	—
Current Drawdown Current decline from peak	-20.80%	0.00%	-20.80%
Average Drawdown Average peak-to-trough decline	-14.38%	0.00%	-14.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.24%	—	—

Volatility

Volatility by Period

	COAL	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.61%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.44%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	29.13%	0.00%	+29.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.62%	0.00%	+27.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.62%	0.00%	+27.62%

COAL vs. RAYS - Expense Ratio Comparison

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

Dividends

COAL vs. RAYS - Dividend Comparison

COAL's dividend yield for the trailing twelve months is around 2.67%, while RAYS has not paid dividends to shareholders.

Position	TTM	2025	2024
COAL Range Global Coal Index ETF	2.67%	2.63%	1.80%
RAYS Global X Solar ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, COAL 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, COAL or RAYS?

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

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

COAL has the higher dividend yield at 2.67%, compared with 0.00% for RAYS.

What is the main difference between COAL and RAYS?

COAL is categorized as Energy Equities, while RAYS is Alternative Energy Equities. COAL tracks VettaFi Global Coal Index, while RAYS tracks Solactive Solar Index. They also come from different issuers: Exchange Traded Concepts and Global X. Their fees differ too: 0.85% for COAL and 0.50% for RAYS.