IEZ vs. RAYS

Last updated Aug 5, 2026

IEZ (iShares U.S. Oil Equipment & Services ETF) and RAYS (Global X Solar ETF) are both exchange-traded funds - IEZ is a Energy Equities fund tracking the Dow Jones U.S. Select Oil Equipment & Services Index, while RAYS is a Alternative Energy Equities fund tracking the Solactive Solar Index. Both are passively managed. IEZ charges 0.42%/yr vs 0.50%/yr for RAYS.

Performance

IEZ vs. RAYS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Oil Equipment & Services ETF (IEZ) and Global X Solar ETF (RAYS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IEZ

• 1D: 2.54%
• 1M: 9.13%
• 6M: 8.39%
• YTD: 35.92%
• 1Y: 63.51%
• 3Y*: 7.53%
• 5Y*: 18.66%
• 10Y*: -1.17%
• ALL TIME*: -1.80%

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)
IEZ iShares U.S. Oil Equipment & Services ETF	$3.10M	$5.32M	$13.27M
RAYS Global X Solar ETF	$0.00	$0.00	$0.00

IEZ vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
IEZ iShares U.S. Oil Equipment & Services ETF	9.52%
RAYS Global X Solar ETF	0.00%

IEZ vs. RAYS - Sectors Allocation Comparison

Sectors	IEZ	RAYS
Energy	99.1%	-
Utilities	1.0%	6.8%
Industrials	0.9%	21.4%
Basic Materials	-	0.9%
Communication Services	-	-
Consumer Cyclical	-	4.0%
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	66.9%

Return for Risk

IEZ vs. RAYS — Risk / Return Rank

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

IEZ

IEZ Risk / Return Rank: 78
IEZ Sharpe Ratio Rank: 86
IEZ Sortino Ratio Rank: 79
IEZ Omega Ratio Rank: 76
IEZ Calmar Ratio Rank: 79
IEZ Martin Ratio Rank: 69

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.

IEZ vs. RAYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Oil Equipment & Services ETF (IEZ) 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.

	IEZ	RAYS	Difference
Sharpe ratio: Return per unit of total volatility	2.23	—	—
Sortino ratio: Return per unit of downside risk	2.87	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	3.14	—	—
Martin ratio: Return relative to average drawdown	9.47	—	—

Drawdowns

IEZ vs. RAYS - Drawdown Comparison

The maximum IEZ drawdown since its inception was -92.52%, which is greater than RAYS's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IEZ and RAYS.

Drawdown Indicators

	IEZ	RAYS	Difference
Max Drawdown Largest peak-to-trough decline	-92.52%	0.00%	-92.52%
Max Drawdown (1Y) Largest decline over 1 year	-20.34%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-40.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-40.25%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-88.29%	—	—
Current Drawdown Current decline from peak	-55.14%	0.00%	-55.14%
Average Drawdown Average peak-to-trough decline	-48.31%	0.00%	-48.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.73%	—	—

Volatility

Volatility by Period

	IEZ	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.13%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.82%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.61%	0.00%	+28.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.87%	0.00%	+35.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.46%	0.00%	+41.46%

IEZ vs. RAYS - Expense Ratio Comparison

IEZ has a 0.42% expense ratio, which is lower than RAYS's 0.50% expense ratio.

Dividends

IEZ vs. RAYS - Dividend Comparison

IEZ's dividend yield for the trailing twelve months is around 1.22%, while RAYS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IEZ iShares U.S. Oil Equipment & Services ETF	1.22%	1.87%	1.76%	0.97%	0.65%	1.20%	2.07%	2.28%	1.81%	3.42%	0.91%	2.40%
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, IEZ or RAYS?

On fees, IEZ is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IEZ or RAYS?

IEZ is cheaper with a 0.42% expense ratio, compared with 0.50% for RAYS.

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

IEZ has the higher dividend yield at 1.22%, compared with 0.00% for RAYS.

What is the main difference between IEZ and RAYS?

IEZ is categorized as Energy Equities, while RAYS is Alternative Energy Equities. IEZ tracks Dow Jones U.S. Select Oil Equipment & Services Index, while RAYS tracks Solactive Solar Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.42% for IEZ and 0.50% for RAYS.