- ISIN
- US75526D1019
- Issuer
- Rayliant
- Inception Date
- Apr 3, 2024
- Category
- Japan Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $25M
Share Price Chart
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Performance
RAYJ Performance Chart
Rayliant SMDAM Japan Equity ETF (RAYJ) is up 32.3% since the beginning of the year. RAYJ is currently trading at $42 per share.
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Returns By Period
Rayliant SMDAM Japan Equity ETF (RAYJ) has returned 32.28% so far this year and 44.44% over the past 12 months.
Rayliant SMDAM Japan Equity ETF
- 1D
- 2.06%
- 1M
- 8.38%
- YTD
- 32.28%
- 6M
- 30.75%
- 1Y
- 44.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
RAYJ Monthly Returns History
Based on dividend-adjusted daily data since Apr 4, 2024, RAYJ's average daily return is +0.11%, while the average monthly return is +2.27%. At this rate, an investment would double in approximately 2.6 years.
Historically, 74% of months were positive and 26% were negative. The best month was Apr 2026 with a return of +15.3%, while the worst month was Mar 2026 at -14.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 1 months.
On a daily basis, RAYJ closed higher 56% of trading days. The best single day was Apr 8, 2026 with a return of +6.7%, while the worst single day was Apr 4, 2025 at -6.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.35% | 11.75% | -14.00% | 15.30% | 5.51% | 5.39% | 32.28% | ||||||
| 2025 | 0.40% | -2.65% | 0.61% | 2.45% | 9.18% | 5.25% | -0.56% | 3.90% | -0.23% | 4.29% | 2.44% | -5.74% | 20.16% |
| 2024 | -4.03% | 2.88% | 0.40% | 3.76% | 4.51% | 3.62% | -6.24% | 5.55% | 0.26% | 10.53% |
Benchmark Metrics
Rayliant SMDAM Japan Equity ETF has an annualized alpha of 15.04%, beta of 0.80, and R2 of 0.32 versus S&P 500 Index. Calculated based on daily prices since April 04, 2024.
- This ETF captured 126.59% of S&P 500 Index gains but only 67.45% of its losses - a favorable profile for investors.
- R2 of 0.32 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 15.04%
- Beta
- 0.80
- R²
- 0.32
- Upside Capture
- 126.59%
- Downside Capture
- 67.45%
Expense Ratio
RAYJ has an expense ratio of 0.72%, placing it in the medium range.
Return for Risk
Risk / Return Rank
RAYJ ranks 58 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Rayliant SMDAM Japan Equity ETF (RAYJ) and compare them to S&P 500 Index.
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.
| RAYJ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 2.78 | +0.40 |
| Martin ratioReturn relative to average drawdown | 10.06 | 12.44 | -2.38 |
Dividends
Dividend History
Rayliant SMDAM Japan Equity ETF provided a 4.26% dividend yield over the last twelve months, with an annual payout of $1.78 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $1.78 | $0.56 | $0.21 |
Dividend yield | 4.26% | 1.72% | 0.78% |
Monthly Dividends
The table displays the monthly dividend distributions for Rayliant SMDAM Japan Equity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.22 | $1.22 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 | $0.56 |
| 2024 | $0.21 | $0.21 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Rayliant SMDAM Japan Equity ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Rayliant SMDAM Japan Equity ETF was 15.96%, occurring on Apr 7, 2025. Recovery took 24 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -15.96%Apr 2025 | 4mo 2d | 1mo 5d | 5mo 7dDec 2024 - May 2025 |
2026 correction2026 | -14.00%Mar 2026 | 29d | 1mo 6d | 2mo 5dMar 2026 - May 2026 |
2024 correction2024 | -13.41%Aug 2024 | 18d | 14d | 1mo 2dJul 2024 - Aug 2024 |
2024 correction2024 | -10.72%Oct 2024 | 26d | 1mo 11d | 2mo 7dSep 2024 - Dec 2024 |
2026 pullback2026 | -8.48%Jun 2026 | 27d | 7d | 1mo 4dMay 2026 - Jun 2026 |
Drawdown Indicators
| RAYJ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.96% | -56.78% | +40.82% |
Max Drawdown (1Y)Largest decline over 1 year | -14.00% | -9.10% | -4.90% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -10.71% | +7.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.43% | 2.03% | +2.40% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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