IXC vs. RAYS

Last updated Aug 2, 2026

IXC (iShares Global Energy ETF) and RAYS (Global X Solar ETF) are both exchange-traded funds - IXC is a Energy Equities fund tracking the S&P Global 1200 Energy Capped Index, while RAYS is a Alternative Energy Equities fund tracking the Solactive Solar Index. Both are passively managed. IXC charges 0.40%/yr vs 0.50%/yr for RAYS.

Performance

IXC vs. RAYS - Performance Comparison

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

Returns By Period

IXC

• 1D: 0.63%
• 1M: 13.16%
• 6M: 19.17%
• YTD: 34.71%
• 1Y: 45.16%
• 3Y*: 16.60%
• 5Y*: 22.34%
• 10Y*: 10.52%
• ALL TIME*: 8.52%

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)
IXC iShares Global Energy ETF	$40.96M	$62.51M	$57.88M
RAYS Global X Solar ETF	$0.00	$0.00	$0.00

IXC vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
IXC iShares Global Energy ETF	17.73%
RAYS Global X Solar ETF	0.00%

IXC vs. RAYS - Sectors Allocation Comparison

Sectors	IXC	RAYS
Energy	99.5%	-
Utilities	0.2%	6.8%
Basic Materials	-	0.9%
Communication Services	-	-
Consumer Cyclical	-	4.0%
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	21.4%
Real Estate	-	-
Technology	-	66.9%

Return for Risk

IXC vs. RAYS — Risk / Return Rank

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

IXC

IXC Risk / Return Rank: 82
IXC Sharpe Ratio Rank: 90
IXC Sortino Ratio Rank: 86
IXC Omega Ratio Rank: 85
IXC Calmar Ratio Rank: 79
IXC 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.

IXC vs. RAYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Energy ETF (IXC) 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.

	IXC	RAYS	Difference
Sharpe ratio: Return per unit of total volatility	2.22	—	—
Sortino ratio: Return per unit of downside risk	2.83	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	2.83	—	—
Martin ratio: Return relative to average drawdown	8.78	—	—

Drawdowns

IXC vs. RAYS - Drawdown Comparison

The maximum IXC drawdown since its inception was -67.88%, which is greater than RAYS's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IXC and RAYS.

Drawdown Indicators

	IXC	RAYS	Difference
Max Drawdown Largest peak-to-trough decline	-67.88%	0.00%	-67.88%
Max Drawdown (1Y) Largest decline over 1 year	-15.36%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.06%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.93%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-64.16%	—	—
Current Drawdown Current decline from peak	-3.05%	0.00%	-3.05%
Average Drawdown Average peak-to-trough decline	-17.42%	0.00%	-17.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.95%	—	—

Volatility

Volatility by Period

	IXC	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.61%	0.00%	+19.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.37%	0.00%	+23.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.82%	0.00%	+26.82%

IXC vs. RAYS - Expense Ratio Comparison

IXC has a 0.40% expense ratio, which is lower than RAYS's 0.50% expense ratio.

Dividends

IXC vs. RAYS - Dividend Comparison

IXC's dividend yield for the trailing twelve months is around 2.82%, while RAYS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IXC iShares Global Energy ETF	2.82%	3.68%	4.56%	3.45%	4.76%	3.98%	4.86%	7.00%	3.51%	3.05%	2.86%	3.77%
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, IXC or RAYS?

On fees, IXC is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IXC or RAYS?

IXC is cheaper with a 0.40% expense ratio, compared with 0.50% for RAYS.

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

IXC has the higher dividend yield at 2.82%, compared with 0.00% for RAYS.

What is the main difference between IXC and RAYS?

IXC is categorized as Energy Equities, while RAYS is Alternative Energy Equities. IXC tracks S&P Global 1200 Energy Capped Index, while RAYS tracks Solactive Solar Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.40% for IXC and 0.50% for RAYS.