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PBW vs. RAYS
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PBW and RAYS is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.4

Performance

PBW vs. RAYS - Performance Comparison

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

-80.00%-75.00%-70.00%-65.00%-60.00%-55.00%NovemberDecember2025FebruaryMarchApril
-78.08%
-66.84%
PBW
RAYS

Key characteristics

Sharpe Ratio

PBW:

-0.41

RAYS:

-0.56

Sortino Ratio

PBW:

-0.35

RAYS:

-0.59

Omega Ratio

PBW:

0.96

RAYS:

0.93

Calmar Ratio

PBW:

-0.19

RAYS:

-0.31

Martin Ratio

PBW:

-0.89

RAYS:

-1.06

Ulcer Index

PBW:

18.95%

RAYS:

22.06%

Daily Std Dev

PBW:

41.54%

RAYS:

41.96%

Max Drawdown

PBW:

-89.02%

RAYS:

-74.62%

Current Drawdown

PBW:

-86.90%

RAYS:

-71.65%

Returns By Period

In the year-to-date period, PBW achieves a -19.99% return, which is significantly lower than RAYS's -10.36% return.


PBW

YTD

-19.99%

1M

-0.06%

6M

-23.29%

1Y

-18.90%

5Y*

-11.64%

10Y*

-3.78%

RAYS

YTD

-10.36%

1M

-9.04%

6M

-27.01%

1Y

-25.15%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


PBW vs. RAYS - Expense Ratio Comparison

PBW has a 0.61% expense ratio, which is higher than RAYS's 0.50% expense ratio.


Expense ratio chart for PBW: current value is 0.61%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
PBW: 0.61%
Expense ratio chart for RAYS: current value is 0.50%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
RAYS: 0.50%

Risk-Adjusted Performance

PBW vs. RAYS — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PBW
The Risk-Adjusted Performance Rank of PBW is 88
Overall Rank
The Sharpe Ratio Rank of PBW is 77
Sharpe Ratio Rank
The Sortino Ratio Rank of PBW is 88
Sortino Ratio Rank
The Omega Ratio Rank of PBW is 99
Omega Ratio Rank
The Calmar Ratio Rank of PBW is 1010
Calmar Ratio Rank
The Martin Ratio Rank of PBW is 77
Martin Ratio Rank

RAYS
The Risk-Adjusted Performance Rank of RAYS is 55
Overall Rank
The Sharpe Ratio Rank of RAYS is 44
Sharpe Ratio Rank
The Sortino Ratio Rank of RAYS is 55
Sortino Ratio Rank
The Omega Ratio Rank of RAYS is 55
Omega Ratio Rank
The Calmar Ratio Rank of RAYS is 66
Calmar Ratio Rank
The Martin Ratio Rank of RAYS is 55
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PBW vs. RAYS - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco WilderHill Clean Energy ETF (PBW) 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.


The chart of Sharpe ratio for PBW, currently valued at -0.41, compared to the broader market-1.000.001.002.003.004.00
PBW: -0.41
RAYS: -0.56
The chart of Sortino ratio for PBW, currently valued at -0.35, compared to the broader market-2.000.002.004.006.008.00
PBW: -0.35
RAYS: -0.59
The chart of Omega ratio for PBW, currently valued at 0.96, compared to the broader market0.501.001.502.002.50
PBW: 0.96
RAYS: 0.93
The chart of Calmar ratio for PBW, currently valued at -0.20, compared to the broader market0.002.004.006.008.0010.0012.00
PBW: -0.20
RAYS: -0.31
The chart of Martin ratio for PBW, currently valued at -0.89, compared to the broader market0.0020.0040.0060.00
PBW: -0.89
RAYS: -1.06

The current PBW Sharpe Ratio is -0.41, which is comparable to the RAYS Sharpe Ratio of -0.56. The chart below compares the historical Sharpe Ratios of PBW and RAYS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.80-0.60-0.40-0.200.00NovemberDecember2025FebruaryMarchApril
-0.41
-0.56
PBW
RAYS

Dividends

PBW vs. RAYS - Dividend Comparison

PBW's dividend yield for the trailing twelve months is around 2.62%, more than RAYS's 0.81% yield.


TTM20242023202220212020201920182017201620152014
PBW
Invesco WilderHill Clean Energy ETF
2.62%2.84%3.68%4.21%1.71%0.44%1.45%2.89%1.27%2.69%1.54%2.96%
RAYS
Global X Solar ETF
0.81%0.73%0.00%0.00%0.02%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

PBW vs. RAYS - Drawdown Comparison

The maximum PBW drawdown since its inception was -89.02%, which is greater than RAYS's maximum drawdown of -74.62%. Use the drawdown chart below to compare losses from any high point for PBW and RAYS. For additional features, visit the drawdowns tool.


-85.00%-80.00%-75.00%-70.00%-65.00%-60.00%NovemberDecember2025FebruaryMarchApril
-81.50%
-71.65%
PBW
RAYS

Volatility

PBW vs. RAYS - Volatility Comparison

Invesco WilderHill Clean Energy ETF (PBW) has a higher volatility of 18.90% compared to Global X Solar ETF (RAYS) at 17.38%. This indicates that PBW's price experiences larger fluctuations and is considered to be riskier than RAYS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


6.00%8.00%10.00%12.00%14.00%16.00%18.00%NovemberDecember2025FebruaryMarchApril
18.90%
17.38%
PBW
RAYS