ERTH vs. RAYS

Last updated Aug 2, 2026

ERTH (Invesco MSCI Sustainable Future ETF) and RAYS (Global X Solar ETF) are both Alternative Energy Equities funds - ERTH tracks the MSCI Global Environment Select Index while RAYS tracks the Solactive Solar Index. Both are passively managed. ERTH charges 0.55%/yr vs 0.50%/yr for RAYS.

Performance

ERTH vs. RAYS - Performance Comparison

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

Returns By Period

ERTH

• 1D: -0.38%
• 1M: -1.77%
• 6M: -3.27%
• YTD: -1.58%
• 1Y: 9.02%
• 3Y*: -2.78%
• 5Y*: -6.13%
• 10Y*: 6.39%
• ALL TIME*: 4.70%

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)
ERTH Invesco MSCI Sustainable Future ETF	$113.13K	$114.74K	$158.59K
RAYS Global X Solar ETF	$0.00	$0.00	$0.00

ERTH vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
ERTH Invesco MSCI Sustainable Future ETF	-2.45%
RAYS Global X Solar ETF	0.00%

ERTH vs. RAYS - Sectors Allocation Comparison

Sectors	ERTH	RAYS
Technology	12.1%	66.9%
Real Estate	11.7%	-
Consumer Cyclical	9.5%	4.0%
Industrials	2.6%	21.4%
Utilities	2.3%	6.8%
Basic Materials	1.6%	0.9%
Consumer Defensive	1.5%	-
Energy	1.5%	-
Financial Services	0.3%	-
Communication Services	-	-
Healthcare	-	-

Return for Risk

ERTH vs. RAYS — Risk / Return Rank

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

ERTH

ERTH Risk / Return Rank: 23
ERTH Sharpe Ratio Rank: 22
ERTH Sortino Ratio Rank: 22
ERTH Omega Ratio Rank: 21
ERTH Calmar Ratio Rank: 24
ERTH Martin Ratio Rank: 25

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.

ERTH vs. RAYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Sustainable Future ETF (ERTH) 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.

	ERTH	RAYS	Difference
Sharpe ratio: Return per unit of total volatility	0.49	—	—
Sortino ratio: Return per unit of downside risk	0.79	—	—
Omega ratio: Gain probability vs. loss probability	1.09	—	—
Calmar ratio: Return relative to maximum drawdown	0.73	—	—
Martin ratio: Return relative to average drawdown	1.98	—	—

Drawdowns

ERTH vs. RAYS - Drawdown Comparison

The maximum ERTH drawdown since its inception was -64.45%, which is greater than RAYS's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for ERTH and RAYS.

Drawdown Indicators

	ERTH	RAYS	Difference
Max Drawdown Largest peak-to-trough decline	-64.45%	0.00%	-64.45%
Max Drawdown (1Y) Largest decline over 1 year	-11.51%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-31.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-51.72%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.72%	—	—
Current Drawdown Current decline from peak	-33.70%	0.00%	-33.70%
Average Drawdown Average peak-to-trough decline	-21.55%	0.00%	-21.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.25%	—	—

Volatility

Volatility by Period

	ERTH	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.24%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.43%	0.00%	+17.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.84%	0.00%	+22.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.53%	0.00%	+22.53%

ERTH vs. RAYS - Expense Ratio Comparison

ERTH has a 0.55% expense ratio, which is higher than RAYS's 0.50% expense ratio.

Dividends

ERTH vs. RAYS - Dividend Comparison

ERTH's dividend yield for the trailing twelve months is around 1.97%, while RAYS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ERTH Invesco MSCI Sustainable Future ETF	1.97%	1.46%	1.00%	1.28%	1.22%	15.33%	0.21%	0.71%	0.61%	0.87%	1.06%	0.79%
RAYS Global X Solar ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, ERTH 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, ERTH or RAYS?

RAYS is cheaper with a 0.50% expense ratio, compared with 0.55% for ERTH.

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

ERTH has the higher dividend yield at 1.97%, compared with 0.00% for RAYS.

What is the main difference between ERTH and RAYS?

ERTH tracks MSCI Global Environment Select Index, while RAYS tracks Solactive Solar Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.55% for ERTH and 0.50% for RAYS.