PXJ vs. RAYS

Last updated Aug 2, 2026

PXJ (Invesco Dynamic Oil & Gas Services ETF) and RAYS (Global X Solar ETF) are both exchange-traded funds - PXJ is a Energy Equities fund tracking the Dynamic Oil & Gas Services Intellidex Index, while RAYS is a Alternative Energy Equities fund tracking the Solactive Solar Index. Both are passively managed. PXJ charges 0.63%/yr vs 0.50%/yr for RAYS.

Performance

PXJ vs. RAYS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dynamic Oil & Gas Services ETF (PXJ) and Global X Solar ETF (RAYS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PXJ

• 1D: 2.51%
• 1M: 10.36%
• 6M: 21.41%
• YTD: 46.85%
• 1Y: 78.26%
• 3Y*: 16.40%
• 5Y*: 23.04%
• 10Y*: 0.28%
• ALL TIME*: -1.70%

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)
PXJ Invesco Dynamic Oil & Gas Services ETF	$722.42K	$1.28M	$1.87M
RAYS Global X Solar ETF	$0.00	$0.00	$0.00

PXJ vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
PXJ Invesco Dynamic Oil & Gas Services ETF	20.36%
RAYS Global X Solar ETF	0.00%

PXJ vs. RAYS - Sectors Allocation Comparison

Sectors	PXJ	RAYS
Energy	74.8%	-
Industrials	14.7%	21.4%
Utilities	2.1%	6.8%
Financial Services	0.2%	-
Basic Materials	-	0.9%
Communication Services	-	-
Consumer Cyclical	-	4.0%
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	66.9%

Return for Risk

PXJ vs. RAYS — Risk / Return Rank

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

PXJ

PXJ Risk / Return Rank: 92
PXJ Sharpe Ratio Rank: 95
PXJ Sortino Ratio Rank: 93
PXJ Omega Ratio Rank: 91
PXJ Calmar Ratio Rank: 91
PXJ 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) 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.

PXJ vs. RAYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Oil & Gas Services ETF (PXJ) 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.

	PXJ	RAYS	Difference
Sharpe ratio: Return per unit of total volatility	2.81	—	—
Sortino ratio: Return per unit of downside risk	3.52	—	—
Omega ratio: Gain probability vs. loss probability	1.44	—	—
Calmar ratio: Return relative to maximum drawdown	3.99	—	—
Martin ratio: Return relative to average drawdown	13.19	—	—

Drawdowns

PXJ vs. RAYS - Drawdown Comparison

The maximum PXJ drawdown since its inception was -94.82%, which is greater than RAYS's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for PXJ and RAYS.

Drawdown Indicators

	PXJ	RAYS	Difference
Max Drawdown Largest peak-to-trough decline	-94.82%	0.00%	-94.82%
Max Drawdown (1Y) Largest decline over 1 year	-18.39%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-40.03%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-40.03%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-87.72%	—	—
Current Drawdown Current decline from peak	-66.44%	0.00%	-66.44%
Average Drawdown Average peak-to-trough decline	-55.75%	0.00%	-55.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.56%	—	—

Volatility

Volatility by Period

	PXJ	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.30%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	26.25%	0.00%	+26.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.14%	0.00%	+34.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.16%	0.00%	+39.16%

PXJ vs. RAYS - Expense Ratio Comparison

PXJ has a 0.63% expense ratio, which is higher than RAYS's 0.50% expense ratio.

Dividends

PXJ vs. RAYS - Dividend Comparison

PXJ's dividend yield for the trailing twelve months is around 2.38%, while RAYS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PXJ Invesco Dynamic Oil & Gas Services ETF	2.38%	2.91%	3.34%	1.99%	0.65%	2.40%	4.72%	1.87%	0.99%	2.75%	1.18%	2.36%
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, PXJ 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, PXJ or RAYS?

RAYS is cheaper with a 0.50% expense ratio, compared with 0.63% for PXJ.

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

PXJ has the higher dividend yield at 2.38%, compared with 0.00% for RAYS.

What is the main difference between PXJ and RAYS?

PXJ is categorized as Energy Equities, while RAYS is Alternative Energy Equities. PXJ tracks Dynamic Oil & Gas Services Intellidex Index, while RAYS tracks Solactive Solar Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.63% for PXJ and 0.50% for RAYS.