IBAT vs. RAYS

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Energy Storage & Materials ETF (IBAT) and Global X Solar ETF (RAYS).

IBAT and RAYS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBAT is a passively managed fund by iShares that tracks the performance of the STOXX Global Energy Storage and Materials. It was launched on Mar 19, 2024. RAYS is a passively managed fund by Global X that tracks the performance of the Solactive Solar Index. It was launched on Sep 8, 2021. Both IBAT and RAYS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IBAT vs. RAYS - Performance Comparison

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

IBAT vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
IBAT iShares Energy Storage & Materials ETF	2.91%
RAYS Global X Solar ETF	0.00%

Returns By Period

IBAT

• 1D: 3.41%
• 1M: -5.33%
• YTD: 18.93%
• 6M: 21.28%
• 1Y: 63.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RAYS

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

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

IBAT vs. RAYS - Expense Ratio Comparison

IBAT has a 0.47% expense ratio, which is lower than RAYS's 0.50% expense ratio.

RAYS

Global X Solar ETF

IBAT

iShares Energy Storage & Materials ETF

Return for Risk

IBAT vs. RAYS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBAT

IBAT Risk / Return Rank: 94
IBAT Sharpe Ratio Rank: 95
IBAT Sortino Ratio Rank: 95
IBAT Omega Ratio Rank: 92
IBAT Calmar Ratio Rank: 96
IBAT Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBAT vs. RAYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Energy Storage & Materials ETF (IBAT) 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.

	IBAT	RAYS	Difference
Sharpe ratio Return per unit of total volatility	2.47	—	—
Sortino ratio Return per unit of downside risk	3.04	—	—
Omega ratio Gain probability vs. loss probability	1.41	—	—
Calmar ratio Return relative to maximum drawdown	4.62	—	—
Martin ratio Return relative to average drawdown	12.36	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IBAT	RAYS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	—	—

Dividends

IBAT vs. RAYS - Dividend Comparison

IBAT's dividend yield for the trailing twelve months is around 0.97%, while RAYS has not paid dividends to shareholders.

	TTM	2025	2024
IBAT iShares Energy Storage & Materials ETF	0.97%	1.15%	1.37%
RAYS Global X Solar ETF	0.00%	0.00%	0.00%

Drawdowns

IBAT vs. RAYS - Drawdown Comparison

The maximum IBAT drawdown since its inception was -28.26%, which is greater than RAYS's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IBAT and RAYS.

Drawdown Indicators

	IBAT	RAYS	Difference
Max Drawdown Largest peak-to-trough decline	-28.26%	0.00%	-28.26%
Max Drawdown (1Y) Largest decline over 1 year	-13.12%	—	—
Current Drawdown Current decline from peak	-7.49%	0.00%	-7.49%
Average Drawdown Average peak-to-trough decline	-8.28%	0.00%	-8.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.90%	—	—

Volatility

Volatility by Period

	IBAT	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	25.78%	0.00%	+25.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.85%	0.00%	+22.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.85%	0.00%	+22.85%