UMI vs. RAYS

Last updated Aug 2, 2026

UMI (USCF Midstream Energy Income Fund ETF) and RAYS (Global X Solar ETF) are both exchange-traded funds - UMI is a Energy Equities fund actively managed by USCF, while RAYS is a Alternative Energy Equities fund tracking the Solactive Solar Index. UMI is actively managed, while RAYS is passively managed. UMI charges 0.85%/yr vs 0.50%/yr for RAYS.

Performance

UMI vs. RAYS - Performance Comparison

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

Returns By Period

UMI

• 1D: 0.50%
• 1M: 3.72%
• 6M: 18.07%
• YTD: 26.70%
• 1Y: 28.25%
• 3Y*: 26.23%
• 5Y*: 22.50%
• 10Y*: —
• ALL TIME*: 14.58%

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
UMI USCF Midstream Energy Income Fund ETF	$1.28M	$1.03M	$1.15M

UMI vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
UMI USCF Midstream Energy Income Fund ETF	16.06%
RAYS Global X Solar ETF	0.00%

UMI vs. RAYS - Sectors Allocation Comparison

Sectors	UMI	RAYS
Energy	99.1%	-
Utilities	0.9%	6.8%
Basic Materials	-	0.9%
Communication Services	-	-
Consumer Cyclical	-	4.0%
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	21.4%
Real Estate	-	-
Technology	-	66.9%

Return for Risk

UMI vs. RAYS — Risk / Return Rank

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

UMI

UMI Risk / Return Rank: 83
UMI Sharpe Ratio Rank: 84
UMI Sortino Ratio Rank: 83
UMI Omega Ratio Rank: 81
UMI Calmar Ratio Rank: 90
UMI Martin Ratio Rank: 76

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.

UMI vs. RAYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USCF Midstream Energy Income Fund ETF (UMI) 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.

	UMI	RAYS	Difference
Sharpe ratio: Return per unit of total volatility	1.95	—	—
Sortino ratio: Return per unit of downside risk	2.69	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	3.79	—	—
Martin ratio: Return relative to average drawdown	9.51	—	—

Drawdowns

UMI vs. RAYS - Drawdown Comparison

The maximum UMI drawdown since its inception was -48.08%, which is greater than RAYS's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for UMI and RAYS.

Drawdown Indicators

	UMI	RAYS	Difference
Max Drawdown Largest peak-to-trough decline	-48.08%	0.00%	-48.08%
Max Drawdown (1Y) Largest decline over 1 year	-7.50%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.08%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.05%	—	—
Current Drawdown Current decline from peak	-2.00%	0.00%	-2.00%
Average Drawdown Average peak-to-trough decline	-6.53%	0.00%	-6.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	—	—

Volatility

Volatility by Period

	UMI	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.59%	0.00%	+14.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.35%	0.00%	+19.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.10%	0.00%	+23.10%

UMI vs. RAYS - Expense Ratio Comparison

UMI has a 0.85% expense ratio, which is higher than RAYS's 0.50% expense ratio.

Dividends

UMI vs. RAYS - Dividend Comparison

UMI's dividend yield for the trailing twelve months is around 5.80%, while RAYS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
UMI USCF Midstream Energy Income Fund ETF	5.80%	6.23%	4.39%	4.67%	4.36%	3.00%	2.18%	2.47%	2.48%	0.15%

Frequently Asked Questions

Which ETF is better, UMI 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, UMI or RAYS?

RAYS is cheaper with a 0.50% expense ratio, compared with 0.85% for UMI.

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

UMI has the higher dividend yield at 5.80%, compared with 0.00% for RAYS.

What is the main difference between UMI and RAYS?

UMI is categorized as Energy Equities, while RAYS is Alternative Energy Equities. They also come from different issuers: USCF and Global X. Their fees differ too: 0.85% for UMI and 0.50% for RAYS.