RAYS vs. QYLD

Last updated Jul 17, 2026

RAYS (Global X Solar ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - RAYS is a Alternative Energy Equities fund tracking the Solactive Solar Index, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Both are passively managed. RAYS charges 0.50%/yr vs 0.60%/yr for QYLD.

Performance

RAYS vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Solar ETF (RAYS) and Global X NASDAQ 100 Covered Call ETF (QYLD). 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*: —

QYLD

• 1D: -1.48%
• 1M: 0.07%
• 6M: 7.04%
• YTD: 8.37%
• 1Y: 21.04%
• 3Y*: 12.94%
• 5Y*: 8.28%
• 10Y*: 9.75%

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

RAYS vs. QYLD - Yearly Performance Comparison

	2026 (YTD)
RAYS Global X Solar ETF	0.00%
QYLD Global X NASDAQ 100 Covered Call ETF	9.39%

RAYS vs. QYLD - Sectors Allocation Comparison

Sectors	RAYS	QYLD
Technology	66.9%	58.7%
Industrials	21.4%	2.6%
Utilities	6.8%	1.2%
Consumer Cyclical	4.0%	11.4%
Basic Materials	0.9%	1.0%
Communication Services	-	14.3%
Consumer Defensive	-	6.4%
Energy	-	0.5%
Financial Services	-	0.2%
Healthcare	-	3.7%
Real Estate	-	0.1%

Return for Risk

RAYS vs. QYLD — 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.

QYLD

QYLD Risk / Return Rank: 85
QYLD Sharpe Ratio Rank: 78
QYLD Sortino Ratio Rank: 78
QYLD Omega Ratio Rank: 85
QYLD Calmar Ratio Rank: 89
QYLD 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.

RAYS vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Solar ETF (RAYS) and Global X NASDAQ 100 Covered Call ETF (QYLD). 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	QYLD	Difference
Sharpe ratio: Return per unit of total volatility	—	1.97	—
Sortino ratio: Return per unit of downside risk	—	2.78	—
Omega ratio: Gain probability vs. loss probability	—	1.41	—
Calmar ratio: Return relative to maximum drawdown	—	4.25	—
Martin ratio: Return relative to average drawdown	—	21.84	—

Drawdowns

RAYS vs. QYLD - Drawdown Comparison

The maximum RAYS drawdown since its inception was 0.00%, smaller than the maximum QYLD drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for RAYS and QYLD.

Drawdown Indicators

	RAYS	QYLD	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-24.75%	+24.75%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.97%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.06%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.61%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-24.75%	—
Current Drawdown Current decline from peak	0.00%	-2.33%	+2.33%
Average Drawdown Average peak-to-trough decline	0.00%	-3.81%	+3.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.97%	—

Volatility

Volatility by Period

	RAYS	QYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.59%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	10.73%	-10.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	14.98%	-14.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	15.59%	-15.59%

RAYS vs. QYLD - Expense Ratio Comparison

RAYS has a 0.50% expense ratio, which is lower than QYLD's 0.60% expense ratio.

Dividends

RAYS vs. QYLD - Dividend Comparison

RAYS has not paid dividends to shareholders, while QYLD's dividend yield for the trailing twelve months is around 11.63%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QYLD Global X NASDAQ 100 Covered Call ETF	11.63%	11.55%	12.50%	11.78%	13.75%	12.85%	11.16%	9.84%	12.44%	7.69%	9.15%	9.42%
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, RAYS or QYLD?

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 QYLD?

RAYS is cheaper with a 0.50% expense ratio, compared with 0.60% for QYLD.

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

QYLD has the higher dividend yield at 11.63%, compared with 0.00% for RAYS.

What is the main difference between RAYS and QYLD?

RAYS is categorized as Alternative Energy Equities, while QYLD is Nasdaq-100. RAYS tracks Solactive Solar Index, while QYLD tracks CBOE NASDAQ-100 Buy Write V2. Their fees differ too: 0.50% for RAYS and 0.60% for QYLD.