RAYS vs. PWER

Last updated Jul 17, 2026

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

Performance

RAYS vs. PWER - Performance Comparison

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

Returns By Period

RAYS

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

PWER

• 1D: -1.44%
• 1M: -7.87%
• 6M: 8.02%
• YTD: 14.86%
• 1Y: 40.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RAYS vs. PWER - Yearly Performance Comparison

	2026 (YTD)
RAYS Global X Solar ETF	0.00%
PWER Macquarie Energy Transition ETF	5.25%

RAYS vs. PWER - Sectors Allocation Comparison

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

Return for Risk

RAYS vs. PWER — Risk / Return Rank

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

RAYS

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

PWER

PWER Risk / Return Rank: 71
PWER Sharpe Ratio Rank: 75
PWER Sortino Ratio Rank: 67
PWER Omega Ratio Rank: 70
PWER Calmar Ratio Rank: 74
PWER Martin Ratio Rank: 68

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.

RAYS vs. PWER - Risk-Adjusted Trends Comparison

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

	RAYS	PWER	Difference
Sharpe ratio: Return per unit of total volatility	—	1.92	—
Sortino ratio: Return per unit of downside risk	—	2.46	—
Omega ratio: Gain probability vs. loss probability	—	1.33	—
Calmar ratio: Return relative to maximum drawdown	—	2.99	—
Martin ratio: Return relative to average drawdown	—	9.76	—

Drawdowns

RAYS vs. PWER - Drawdown Comparison

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

Drawdown Indicators

	RAYS	PWER	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-29.68%	+29.68%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.70%	—
Current Drawdown Current decline from peak	0.00%	-13.43%	+13.43%
Average Drawdown Average peak-to-trough decline	0.00%	-6.39%	+6.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.19%	—

Volatility

Volatility by Period

	RAYS	PWER	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.94%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	21.40%	-21.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	23.61%	-23.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	23.61%	-23.61%

RAYS vs. PWER - Expense Ratio Comparison

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

Dividends

RAYS vs. PWER - Dividend Comparison

RAYS has not paid dividends to shareholders, while PWER's dividend yield for the trailing twelve months is around 0.83%.

Position	TTM	2025	2024	2023
PWER Macquarie Energy Transition ETF	0.83%	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, RAYS or PWER?

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, RAYS or PWER?

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

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

PWER has the higher dividend yield at 0.83%, compared with 0.00% for RAYS.

What is the main difference between RAYS and PWER?

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