IYE vs. RAYS

Last updated Aug 5, 2026

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

Performance

IYE vs. RAYS - Performance Comparison

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

Returns By Period

IYE

• 1D: -0.35%
• 1M: 9.69%
• 6M: 15.13%
• YTD: 32.30%
• 1Y: 40.36%
• 3Y*: 13.73%
• 5Y*: 22.20%
• 10Y*: 8.89%
• ALL TIME*: 7.45%

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)
IYE iShares U.S. Energy ETF	$45.57M	$48.49M	$74.82M
RAYS Global X Solar ETF	$0.00	$0.00	$0.00

IYE vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
IYE iShares U.S. Energy ETF	13.94%
RAYS Global X Solar ETF	0.00%

IYE vs. RAYS - Sectors Allocation Comparison

Sectors	IYE	RAYS
Energy	98.3%	-
Technology	1.5%	66.9%
Financial Services	0.0%	-
Industrials	0.0%	21.4%
Basic Materials	-	0.9%
Communication Services	-	-
Consumer Cyclical	-	4.0%
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	6.8%

Return for Risk

IYE vs. RAYS — Risk / Return Rank

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

IYE

IYE Risk / Return Rank: 68
IYE Sharpe Ratio Rank: 78
IYE Sortino Ratio Rank: 70
IYE Omega Ratio Rank: 67
IYE Calmar Ratio Rank: 71
IYE Martin Ratio Rank: 56

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.

IYE vs. RAYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Energy ETF (IYE) 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.

	IYE	RAYS	Difference
Sharpe ratio: Return per unit of total volatility	1.98	—	—
Sortino ratio: Return per unit of downside risk	2.56	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.79	—	—
Martin ratio: Return relative to average drawdown	7.37	—	—

Drawdowns

IYE vs. RAYS - Drawdown Comparison

The maximum IYE drawdown since its inception was -73.74%, which is greater than RAYS's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IYE and RAYS.

Drawdown Indicators

	IYE	RAYS	Difference
Max Drawdown Largest peak-to-trough decline	-73.74%	0.00%	-73.74%
Max Drawdown (1Y) Largest decline over 1 year	-14.54%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.37%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.61%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-68.59%	—	—
Current Drawdown Current decline from peak	-5.49%	0.00%	-5.49%
Average Drawdown Average peak-to-trough decline	-19.29%	0.00%	-19.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.49%	—	—

Volatility

Volatility by Period

	IYE	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.96%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.23%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.46%	0.00%	+20.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.41%	0.00%	+25.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.49%	0.00%	+29.49%

IYE vs. RAYS - Expense Ratio Comparison

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

Dividends

IYE vs. RAYS - Dividend Comparison

IYE's dividend yield for the trailing twelve months is around 2.15%, while RAYS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IYE iShares U.S. Energy ETF	2.15%	2.85%	2.75%	2.99%	3.37%	2.98%	4.75%	6.60%	3.16%	2.66%	2.11%	3.39%
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, IYE or RAYS?

On fees, IYE 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, IYE or RAYS?

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

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

IYE has the higher dividend yield at 2.15%, compared with 0.00% for RAYS.

What is the main difference between IYE and RAYS?

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