PSCE vs. RAYS

Last updated Aug 2, 2026

PSCE (Invesco S&P SmallCap Energy ETF) and RAYS (Global X Solar ETF) are both exchange-traded funds - PSCE is a Energy Equities fund tracking the S&P SmallCap 600 Energy Index, while RAYS is a Alternative Energy Equities fund tracking the Solactive Solar Index. Both are passively managed. PSCE charges 0.29%/yr vs 0.50%/yr for RAYS.

Performance

PSCE vs. RAYS - Performance Comparison

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

Returns By Period

PSCE

• 1D: 1.76%
• 1M: 7.67%
• 6M: 15.91%
• YTD: 35.93%
• 1Y: 55.62%
• 3Y*: 3.86%
• 5Y*: 13.60%
• 10Y*: -1.41%
• ALL TIME*: -3.92%

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)
PSCE Invesco S&P SmallCap Energy ETF	$1.43M	$1.38M	$1.78M
RAYS Global X Solar ETF	$0.00	$0.00	$0.00

PSCE vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
PSCE Invesco S&P SmallCap Energy ETF	15.67%
RAYS Global X Solar ETF	0.00%

PSCE vs. RAYS - Sectors Allocation Comparison

Sectors	PSCE	RAYS
Energy	90.0%	-
Industrials	3.6%	21.4%
Basic Materials	1.2%	0.9%
Financial Services	0.2%	-
Communication Services	-	-
Consumer Cyclical	-	4.0%
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	66.9%
Utilities	-	6.8%

Return for Risk

PSCE vs. RAYS — Risk / Return Rank

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

PSCE

PSCE Risk / Return Rank: 76
PSCE Sharpe Ratio Rank: 79
PSCE Sortino Ratio Rank: 74
PSCE Omega Ratio Rank: 70
PSCE Calmar Ratio Rank: 82
PSCE Martin Ratio Rank: 73

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.

PSCE vs. RAYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Energy ETF (PSCE) 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.

	PSCE	RAYS	Difference
Sharpe ratio: Return per unit of total volatility	1.80	—	—
Sortino ratio: Return per unit of downside risk	2.37	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	3.04	—	—
Martin ratio: Return relative to average drawdown	9.13	—	—

Drawdowns

PSCE vs. RAYS - Drawdown Comparison

The maximum PSCE drawdown since its inception was -96.21%, which is greater than RAYS's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for PSCE and RAYS.

Drawdown Indicators

	PSCE	RAYS	Difference
Max Drawdown Largest peak-to-trough decline	-96.21%	0.00%	-96.21%
Max Drawdown (1Y) Largest decline over 1 year	-16.17%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-44.57%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.42%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-90.70%	—	—
Current Drawdown Current decline from peak	-75.85%	0.00%	-75.85%
Average Drawdown Average peak-to-trough decline	-58.99%	0.00%	-58.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.39%	—	—

Volatility

Volatility by Period

	PSCE	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.68%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.04%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.41%	0.00%	+27.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.95%	0.00%	+36.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.02%	0.00%	+43.02%

PSCE vs. RAYS - Expense Ratio Comparison

PSCE has a 0.29% expense ratio, which is lower than RAYS's 0.50% expense ratio.

Dividends

PSCE vs. RAYS - Dividend Comparison

PSCE's dividend yield for the trailing twelve months is around 2.22%, while RAYS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSCE Invesco S&P SmallCap Energy ETF	2.22%	2.39%	1.70%	2.57%	1.70%	0.46%	0.87%	0.14%	0.22%	0.04%	0.22%	0.82%
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, PSCE or RAYS?

On fees, PSCE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PSCE or RAYS?

PSCE is cheaper with a 0.29% expense ratio, compared with 0.50% for RAYS.

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

PSCE has the higher dividend yield at 2.22%, compared with 0.00% for RAYS.

What is the main difference between PSCE and RAYS?

PSCE is categorized as Energy Equities, while RAYS is Alternative Energy Equities. PSCE tracks S&P SmallCap 600 Energy Index, while RAYS tracks Solactive Solar Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.29% for PSCE and 0.50% for RAYS.