PWER vs. RAYS

Last updated Jun 4, 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: -1.00%
• 1M: 7.47%
• YTD: 31.35%
• 6M: 32.81%
• 1Y: 70.78%
• 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	17.61%
RAYS Global X Solar ETF	0.00%

PWER vs. RAYS - Sectors Allocation Comparison

Sectors	PWER	RAYS
Energy	41.1%	-
Basic Materials	41.0%	0.9%
Industrials	12.2%	21.4%
Technology	3.8%	66.9%
Utilities	1.9%	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: 93
PWER Sharpe Ratio Rank: 94
PWER Sortino Ratio Rank: 92
PWER Omega Ratio Rank: 90
PWER Calmar Ratio Rank: 95
PWER Martin Ratio Rank: 95

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.

	PWER	RAYS	Difference
Sharpe ratio: Return per unit of total volatility	3.61	—	—
Sortino ratio: Return per unit of downside risk	4.45	—	—
Omega ratio: Gain probability vs. loss probability	1.59	—	—
Calmar ratio: Return relative to maximum drawdown	7.85	—	—
Martin ratio: Return relative to average drawdown	32.42	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PWER	RAYS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.24	—	—

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	-9.07%	—	—
Current Drawdown Current decline from peak	-1.00%	0.00%	-1.00%
Average Drawdown Average peak-to-trough decline	-6.22%	0.00%	-6.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	—	—

Volatility

Volatility by Period

	PWER	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.20%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.55%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.74%	0.00%	+19.74%
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	23.37%	0.00%	+23.37%

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 1.05%, while RAYS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
PWER Macquarie Energy Transition ETF	1.05%	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 1.05%, 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.