WEEI vs. RAYS

Last updated Aug 2, 2026

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

Performance

WEEI vs. RAYS - Performance Comparison

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

Returns By Period

WEEI

• 1D: 0.40%
• 1M: 9.54%
• 6M: 11.64%
• YTD: 20.96%
• 1Y: 30.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.50%

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
WEEI Westwood Salient Enhanced Energy Income ETF	$1.31M	$1.32M	$1.22M

WEEI vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
WEEI Westwood Salient Enhanced Energy Income ETF	10.64%
RAYS Global X Solar ETF	0.00%

WEEI vs. RAYS - Sectors Allocation Comparison

Sectors	WEEI	RAYS
Energy	100.0%	-
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

WEEI vs. RAYS — Risk / Return Rank

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

WEEI

WEEI Risk / Return Rank: 78
WEEI Sharpe Ratio Rank: 84
WEEI Sortino Ratio Rank: 79
WEEI Omega Ratio Rank: 80
WEEI Calmar Ratio Rank: 79
WEEI Martin Ratio Rank: 70

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.

WEEI vs. RAYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Westwood Salient Enhanced Energy Income ETF (WEEI) 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.

	WEEI	RAYS	Difference
Sharpe ratio: Return per unit of total volatility	1.96	—	—
Sortino ratio: Return per unit of downside risk	2.55	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.80	—	—
Martin ratio: Return relative to average drawdown	8.66	—	—

Drawdowns

WEEI vs. RAYS - Drawdown Comparison

The maximum WEEI drawdown since its inception was -18.78%, which is greater than RAYS's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for WEEI and RAYS.

Drawdown Indicators

	WEEI	RAYS	Difference
Max Drawdown Largest peak-to-trough decline	-18.78%	0.00%	-18.78%
Max Drawdown (1Y) Largest decline over 1 year	-10.27%	—	—
Current Drawdown Current decline from peak	-1.03%	0.00%	-1.03%
Average Drawdown Average peak-to-trough decline	-4.26%	0.00%	-4.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	—	—

Volatility

Volatility by Period

	WEEI	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.28%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.45%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.65%	0.00%	+14.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.23%	0.00%	+18.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.23%	0.00%	+18.23%

WEEI vs. RAYS - Expense Ratio Comparison

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

Dividends

WEEI vs. RAYS - Dividend Comparison

WEEI's dividend yield for the trailing twelve months is around 11.24%, while RAYS has not paid dividends to shareholders.

Position	TTM	2025	2024
RAYS Global X Solar ETF	0.00%	0.00%	0.00%
WEEI Westwood Salient Enhanced Energy Income ETF	11.24%	12.59%	7.20%

Frequently Asked Questions

Which ETF is better, WEEI 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, WEEI or RAYS?

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

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

WEEI has the higher dividend yield at 11.24%, compared with 0.00% for RAYS.

What is the main difference between WEEI and RAYS?

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