PWER vs. RAYS

Last updated Jun 24, 2026

PWER (Macquarie Energy Transition ETF) and RAYS (Global X Solar ETF) are both Alternative Energy Equities funds. PWER is actively managed, while RAYS is passively managed. PWER charges 0.80%/yr vs 0.50%/yr for RAYS.

Performance

PWER vs. RAYS - Performance Comparison

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

Returns By Period

PWER

• 1D: -3.13%
• 1M: -4.18%
• YTD: 19.28%
• 6M: 18.48%
• 1Y: 49.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RAYS

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PWER vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
PWER Macquarie Energy Transition ETF	9.30%
RAYS Global X Solar ETF	0.00%

PWER vs. RAYS - Sectors Allocation Comparison

Sectors	PWER	RAYS
Basic Materials	44.2%	0.9%
Energy	36.9%	-
Industrials	11.7%	21.4%
Technology	5.5%	66.9%
Utilities	1.8%	6.8%
Communication Services	-	-
Consumer Cyclical	-	4.0%
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

PWER vs. RAYS — Risk / Return Rank

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

PWER

PWER Risk / Return Rank: 79
PWER Sharpe Ratio Rank: 79
PWER Sortino Ratio Rank: 69
PWER Omega Ratio Rank: 72
PWER Calmar Ratio Rank: 89
PWER Martin Ratio Rank: 88

RAYS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PWER vs. RAYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Macquarie Energy Transition ETF (PWER) 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.

	PWER	RAYS	Difference
Sharpe ratio: Return per unit of total volatility	2.31	—	—
Sortino ratio: Return per unit of downside risk	2.90	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	4.88	—	—
Martin ratio: Return relative to average drawdown	17.97	—	—

Drawdowns

PWER vs. RAYS - Drawdown Comparison

The maximum PWER drawdown since its inception was -29.68%, which is greater than RAYS's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for PWER and RAYS.

Drawdown Indicators

	PWER	RAYS	Difference
Max Drawdown Largest peak-to-trough decline	-29.68%	0.00%	-29.68%
Max Drawdown (1Y) Largest decline over 1 year	-10.10%	—	—
Current Drawdown Current decline from peak	-10.10%	0.00%	-10.10%
Average Drawdown Average peak-to-trough decline	-6.23%	0.00%	-6.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	—	—

Volatility

Volatility by Period

	PWER	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.39%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.34%	0.00%	+21.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.71%	0.00%	+23.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.71%	0.00%	+23.71%

PWER vs. RAYS - Expense Ratio Comparison

PWER has a 0.80% expense ratio, which is higher than RAYS's 0.50% expense ratio.

Dividends

PWER vs. RAYS - Dividend Comparison

PWER's dividend yield for the trailing twelve months is around 1.30%, while RAYS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
PWER Macquarie Energy Transition ETF	1.30%	1.37%	1.05%	0.06%
RAYS Global X Solar ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, PWER or RAYS?

On fees, RAYS is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PWER or RAYS?

RAYS is cheaper with a 0.50% expense ratio, compared with 0.80% for PWER.

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

PWER has the higher dividend yield at 1.30%, compared with 0.00% for RAYS.

What is the main difference between PWER and RAYS?

They also come from different issuers: Macquarie and Global X. Their fees differ too: 0.80% for PWER and 0.50% for RAYS.