IGE vs. RAYS

Last updated Aug 4, 2026

IGE (iShares North American Natural Resources ETF) and RAYS (Global X Solar ETF) are both exchange-traded funds - IGE is a Energy Equities fund tracking the S&P North American Natural Resources Sector Index, while RAYS is a Alternative Energy Equities fund tracking the Solactive Solar Index. Both are passively managed. IGE charges 0.39%/yr vs 0.50%/yr for RAYS.

Performance

IGE vs. RAYS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares North American Natural Resources ETF (IGE) and Global X Solar ETF (RAYS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IGE

• 1D: -0.38%
• 1M: 5.82%
• 6M: 8.49%
• YTD: 20.18%
• 1Y: 37.23%
• 3Y*: 16.00%
• 5Y*: 19.32%
• 10Y*: 9.18%
• ALL TIME*: 7.92%

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)
IGE iShares North American Natural Resources ETF	$9.13M	$6.85M	$9.74M
RAYS Global X Solar ETF	$0.00	$0.00	$0.00

IGE vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
IGE iShares North American Natural Resources ETF	6.35%
RAYS Global X Solar ETF	0.00%

IGE vs. RAYS - Sectors Allocation Comparison

Sectors	IGE	RAYS
Energy	72.3%	-
Basic Materials	23.5%	0.9%
Consumer Cyclical	3.6%	4.0%
Healthcare	0.2%	-
Industrials	0.1%	21.4%
Communication Services	-	-
Consumer Defensive	-	-
Financial Services	-	-
Real Estate	-	-
Technology	-	66.9%
Utilities	-	6.8%

Return for Risk

IGE vs. RAYS — Risk / Return Rank

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

IGE

IGE Risk / Return Rank: 84
IGE Sharpe Ratio Rank: 90
IGE Sortino Ratio Rank: 87
IGE Omega Ratio Rank: 85
IGE Calmar Ratio Rank: 84
IGE Martin Ratio Rank: 77

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.

IGE vs. RAYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares North American Natural Resources ETF (IGE) 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.

	IGE	RAYS	Difference
Sharpe ratio: Return per unit of total volatility	2.27	—	—
Sortino ratio: Return per unit of downside risk	3.00	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	3.24	—	—
Martin ratio: Return relative to average drawdown	9.98	—	—

Drawdowns

IGE vs. RAYS - Drawdown Comparison

The maximum IGE drawdown since its inception was -67.55%, which is greater than RAYS's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IGE and RAYS.

Drawdown Indicators

	IGE	RAYS	Difference
Max Drawdown Largest peak-to-trough decline	-67.55%	0.00%	-67.55%
Max Drawdown (1Y) Largest decline over 1 year	-11.54%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.49%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.72%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-60.57%	—	—
Current Drawdown Current decline from peak	-5.07%	0.00%	-5.07%
Average Drawdown Average peak-to-trough decline	-18.82%	0.00%	-18.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.74%	—	—

Volatility

Volatility by Period

	IGE	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.54%	0.00%	+16.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.22%	0.00%	+22.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.86%	0.00%	+24.86%

IGE vs. RAYS - Expense Ratio Comparison

IGE has a 0.39% expense ratio, which is lower than RAYS's 0.50% expense ratio.

Dividends

IGE vs. RAYS - Dividend Comparison

IGE's dividend yield for the trailing twelve months is around 1.99%, while RAYS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGE iShares North American Natural Resources ETF	1.99%	2.32%	2.54%	2.85%	2.96%	2.92%	3.34%	5.55%	2.68%	2.11%	1.66%	3.08%
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, IGE or RAYS?

On fees, IGE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IGE or RAYS?

IGE is cheaper with a 0.39% expense ratio, compared with 0.50% for RAYS.

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

IGE has the higher dividend yield at 1.99%, compared with 0.00% for RAYS.

What is the main difference between IGE and RAYS?

IGE is categorized as Energy Equities, while RAYS is Alternative Energy Equities. IGE tracks S&P North American Natural Resources Sector Index, while RAYS tracks Solactive Solar Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.39% for IGE and 0.50% for RAYS.