IBAT vs. RAYS

Last updated Aug 2, 2026

IBAT (iShares Energy Storage & Materials ETF) and RAYS (Global X Solar ETF) are both Alternative Energy Equities funds - IBAT tracks the STOXX Global Energy Storage and Materials while RAYS tracks the Solactive Solar Index. Both are passively managed. IBAT charges 0.47%/yr vs 0.50%/yr for RAYS.

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.

Returns By Period

IBAT

• 1D: 0.04%
• 1M: -12.41%
• 6M: 17.70%
• YTD: 32.65%
• 1Y: 63.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.39%

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)
IBAT iShares Energy Storage & Materials ETF	$1.10M	$1.47M	$2.33M
RAYS Global X Solar ETF	$0.00	$0.00	$0.00

IBAT vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
IBAT iShares Energy Storage & Materials ETF	18.09%
RAYS Global X Solar ETF	0.00%

IBAT vs. RAYS - Sectors Allocation Comparison

Sectors	IBAT	RAYS
Industrials	44.1%	21.4%
Basic Materials	32.2%	0.9%
Technology	21.1%	66.9%
Consumer Cyclical	2.2%	4.0%
Energy	1.8%	-
Utilities	0.3%	6.8%
Communication Services	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

IBAT vs. RAYS — Risk / Return Rank

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

IBAT

IBAT Risk / Return Rank: 76
IBAT Sharpe Ratio Rank: 85
IBAT Sortino Ratio Rank: 76
IBAT Omega Ratio Rank: 78
IBAT Calmar Ratio Rank: 70
IBAT Martin Ratio Rank: 71

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.

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.

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.

	IBAT	RAYS	Difference
Sharpe ratio: Return per unit of total volatility	1.98	—	—
Sortino ratio: Return per unit of downside risk	2.45	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.42	—	—
Martin ratio: Return relative to average drawdown	8.73	—	—

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	-25.85%	—	—
Current Drawdown Current decline from peak	-20.73%	0.00%	-20.73%
Average Drawdown Average peak-to-trough decline	-8.03%	0.00%	-8.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.15%	—	—

Volatility

Volatility by Period

	IBAT	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.10%	—	—
Volatility (6M) Calculated over the trailing 6-month period	26.99%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	31.59%	0.00%	+31.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.08%	0.00%	+26.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.08%	0.00%	+26.08%

IBAT vs. RAYS - Expense Ratio Comparison

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

Dividends

IBAT vs. RAYS - Dividend Comparison

IBAT's dividend yield for the trailing twelve months is around 0.80%, while RAYS has not paid dividends to shareholders.

Position	TTM	2025	2024
IBAT iShares Energy Storage & Materials ETF	0.80%	1.15%	1.37%
RAYS Global X Solar ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, IBAT or RAYS?

On fees, IBAT is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBAT or RAYS?

IBAT is cheaper with a 0.47% expense ratio, compared with 0.50% for RAYS.

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

IBAT has the higher dividend yield at 0.80%, compared with 0.00% for RAYS.

What is the main difference between IBAT and RAYS?

IBAT tracks STOXX Global Energy Storage and Materials, while RAYS tracks Solactive Solar Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.47% for IBAT and 0.50% for RAYS.