EIPX vs. RAYS

Last updated Aug 2, 2026

EIPX (FT Energy Income Partners Strategy ETF) and RAYS (Global X Solar ETF) are both exchange-traded funds - EIPX is a Energy Equities fund actively managed by First Trust, while RAYS is a Alternative Energy Equities fund tracking the Solactive Solar Index. EIPX is actively managed, while RAYS is passively managed. EIPX charges 0.95%/yr vs 0.50%/yr for RAYS.

Performance

EIPX vs. RAYS - Performance Comparison

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

Returns By Period

EIPX

• 1D: 0.49%
• 1M: 3.77%
• 6M: 14.96%
• YTD: 24.74%
• 1Y: 29.89%
• 3Y*: 19.41%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.15%

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)
EIPX FT Energy Income Partners Strategy ETF	$1.76M	$1.94M	$1.35M
RAYS Global X Solar ETF	$0.00	$0.00	$0.00

EIPX vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
EIPX FT Energy Income Partners Strategy ETF	13.69%
RAYS Global X Solar ETF	0.00%

EIPX vs. RAYS - Sectors Allocation Comparison

Sectors	EIPX	RAYS
Energy	68.3%	-
Utilities	27.0%	6.8%
Industrials	4.5%	21.4%
Technology	0.3%	66.9%
Basic Materials	-	0.9%
Communication Services	-	-
Consumer Cyclical	-	4.0%
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

EIPX vs. RAYS — Risk / Return Rank

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

EIPX

EIPX Risk / Return Rank: 93
EIPX Sharpe Ratio Rank: 93
EIPX Sortino Ratio Rank: 93
EIPX Omega Ratio Rank: 91
EIPX Calmar Ratio Rank: 95
EIPX Martin Ratio Rank: 92

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.

EIPX vs. RAYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Energy Income Partners Strategy ETF (EIPX) 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.

	EIPX	RAYS	Difference
Sharpe ratio: Return per unit of total volatility	2.51	—	—
Sortino ratio: Return per unit of downside risk	3.59	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	5.56	—	—
Martin ratio: Return relative to average drawdown	15.59	—	—

Drawdowns

EIPX vs. RAYS - Drawdown Comparison

The maximum EIPX drawdown since its inception was -15.43%, which is greater than RAYS's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for EIPX and RAYS.

Drawdown Indicators

	EIPX	RAYS	Difference
Max Drawdown Largest peak-to-trough decline	-15.43%	0.00%	-15.43%
Max Drawdown (1Y) Largest decline over 1 year	-5.17%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.43%	—	—
Current Drawdown Current decline from peak	-0.94%	0.00%	-0.94%
Average Drawdown Average peak-to-trough decline	-2.28%	0.00%	-2.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	—	—

Volatility

Volatility by Period

	EIPX	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.45%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.73%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.44%	0.00%	+11.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.95%	0.00%	+14.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.95%	0.00%	+14.95%

EIPX vs. RAYS - Expense Ratio Comparison

EIPX has a 0.95% expense ratio, which is higher than RAYS's 0.50% expense ratio.

Dividends

EIPX vs. RAYS - Dividend Comparison

EIPX's dividend yield for the trailing twelve months is around 2.69%, while RAYS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
EIPX FT Energy Income Partners Strategy ETF	2.69%	3.23%	3.27%	3.48%	0.34%
RAYS Global X Solar ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, EIPX 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, EIPX or RAYS?

RAYS is cheaper with a 0.50% expense ratio, compared with 0.95% for EIPX.

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

EIPX has the higher dividend yield at 2.69%, compared with 0.00% for RAYS.

What is the main difference between EIPX and RAYS?

EIPX is categorized as Energy Equities, while RAYS is Alternative Energy Equities. They also come from different issuers: First Trust and Global X. Their fees differ too: 0.95% for EIPX and 0.50% for RAYS.