SHEH vs. RAYS

Last updated Jul 30, 2026

SHEH (Shell plc ADRhedged ETF) and RAYS (Global X Solar ETF) are both exchange-traded funds - SHEH is a Energy Equities fund tracking the Shell plc - Benchmark Price Return, while RAYS is a Alternative Energy Equities fund tracking the Solactive Solar Index. Both are passively managed. SHEH charges 0.19%/yr vs 0.50%/yr for RAYS.

Performance

SHEH vs. RAYS - Performance Comparison

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

Returns By Period

SHEH

• 1D: 1.98%
• 1M: 13.74%
• 6M: 21.43%
• YTD: 22.29%
• 1Y: 23.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 28.80%

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)
RAYS Global X Solar ETF	$0.00	$0.00	$0.00
SHEH Shell plc ADRhedged ETF	$470.58K	$486.89K	$265.20K

SHEH vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
SHEH Shell plc ADRhedged ETF	20.86%
RAYS Global X Solar ETF	0.00%

SHEH vs. RAYS - Sectors Allocation Comparison

Sectors	SHEH	RAYS
Energy	96.5%	-
Basic Materials	-	0.9%
Communication Services	-	-
Consumer Cyclical	-	4.0%
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	21.4%
Real Estate	-	-
Technology	-	66.9%
Utilities	-	6.8%

Return for Risk

SHEH vs. RAYS — Risk / Return Rank

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

SHEH

SHEH Risk / Return Rank: 45
SHEH Sharpe Ratio Rank: 49
SHEH Sortino Ratio Rank: 48
SHEH Omega Ratio Rank: 47
SHEH Calmar Ratio Rank: 41
SHEH Martin Ratio Rank: 38

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.

SHEH vs. RAYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shell plc ADRhedged ETF (SHEH) 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.

	SHEH	RAYS	Difference
Sharpe ratio: Return per unit of total volatility	1.15	—	—
Sortino ratio: Return per unit of downside risk	1.64	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.37	—	—
Martin ratio: Return relative to average drawdown	3.73	—	—

Drawdowns

SHEH vs. RAYS - Drawdown Comparison

The maximum SHEH drawdown since its inception was -17.53%, which is greater than RAYS's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SHEH and RAYS.

Drawdown Indicators

	SHEH	RAYS	Difference
Max Drawdown Largest peak-to-trough decline	-17.53%	0.00%	-17.53%
Max Drawdown (1Y) Largest decline over 1 year	-17.53%	—	—
Current Drawdown Current decline from peak	-5.72%	0.00%	-5.72%
Average Drawdown Average peak-to-trough decline	-4.14%	0.00%	-4.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.41%	—	—

Volatility

Volatility by Period

	SHEH	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.94%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.94%	0.00%	+20.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.54%	0.00%	+20.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.54%	0.00%	+20.54%

SHEH vs. RAYS - Expense Ratio Comparison

SHEH has a 0.19% expense ratio, which is lower than RAYS's 0.50% expense ratio.

Dividends

SHEH vs. RAYS - Dividend Comparison

SHEH's dividend yield for the trailing twelve months is around 1.90%, while RAYS has not paid dividends to shareholders.

Position	TTM
RAYS Global X Solar ETF	0.00%
SHEH Shell plc ADRhedged ETF	1.90%

Frequently Asked Questions

Which ETF is better, SHEH or RAYS?

On fees, SHEH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SHEH or RAYS?

SHEH is cheaper with a 0.19% expense ratio, compared with 0.50% for RAYS.

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

SHEH has the higher dividend yield at 1.90%, compared with 0.00% for RAYS.

What is the main difference between SHEH and RAYS?

SHEH is categorized as Energy Equities, while RAYS is Alternative Energy Equities. SHEH tracks Shell plc - Benchmark Price Return, while RAYS tracks Solactive Solar Index. They also come from different issuers: ADRhedged and Global X. Their fees differ too: 0.19% for SHEH and 0.50% for RAYS.