Rayliant SMDAM Japan Equity ETF (RAYJ) belongs to the Japan Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with RAYJ. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RAYJ
RAYJ charges 0.72% annually. There are 16 ETFs in the Japan Equities category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin FTSE Japan ETF | 0.09% | 3.93B | Nov 2017 | RAYJ vs FLJP | |
| Franklin FTSE Japan Hedged ETF | 0.09% | 171.61M | Nov 2017 | RAYJ vs FLJH | |
| iShares MSCI Japan Value ETF | 0.15% | 752.30M | Mar 2019 | RAYJ vs EWJV | |
| JPMorgan BetaBuilders Japan ETF | 0.19% | 18.07B | Jun 2018 | RAYJ vs BBJP | |
| Goldman Sachs ActiveBeta Japan Equity ETF | 0.25% | 81.67M | Mar 2016 | RAYJ vs GSJY |
Best Risk-Adjusted Alternatives to RAYJ
RAYJ has a PortfoliosLab risk / return rank of 58. There are 13 ETFs in the Japan Equities category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Japan Opportunities ETF | 94 | 292.99M | Jun 2013 | RAYJ vs OPPJ | |
| WisdomTree Japan Hedged Equity Fund | 93 | 7.20B | Jun 2006 | RAYJ vs DXJ | |
| iShares Currency Hedged MSCI Japan ETF | 92 | 722.49M | Jan 2014 | RAYJ vs HEWJ | |
| Xtrackers MSCI Japan Hedged Equity ETF | 92 | 679.07M | Jun 2011 | RAYJ vs DBJP | |
| Franklin FTSE Japan Hedged ETF | 89 | 171.61M | Nov 2017 | RAYJ vs FLJH |
Top Performing RAYJ Alternatives (YTD)
RAYJ is at 32.28% YTD. There is 1 ETF in the Japan Equities category with a higher YTD return, going as high as 37.91%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Ultra MSCI Japan | 37.91% | 13.96M | Jun 2009 | RAYJ vs EZJ | |
| WisdomTree Japan Opportunities ETF | 31.75% | 292.99M | Jun 2013 | RAYJ vs OPPJ | |
| iShares Currency Hedged MSCI Japan ETF | 26.51% | 722.49M | Jan 2014 | RAYJ vs HEWJ | |
| Xtrackers MSCI Japan Hedged Equity ETF | 26.50% | 679.07M | Jun 2011 | RAYJ vs DBJP | |
| MUFG Japan Small Cap Active ETF | 26.43% | 22.87M | Sep 2025 | RAYJ vs MJSC |
Lowest Volatility Alternatives to RAYJ
RAYJ has 24.08% 1-year volatility. There are 19 ETFs in the Japan Equities category with lower 1-year volatility, going as low as 16.38%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares MSCI Japan Small Cap ETF | 16.38% | 233.98M | Dec 2007 | RAYJ vs SCJ | |
| WisdomTree Japan SmallCap Dividend Fund | 16.74% | 383.27M | Jun 2006 | RAYJ vs DFJ | |
| WisdomTree Japan Hedged Equity Fund | 17.78% | 7.20B | Jun 2006 | RAYJ vs DXJ | |
| Franklin FTSE Japan Hedged ETF | 18.55% | 171.61M | Nov 2017 | RAYJ vs FLJH | |
| iShares JPX-Nikkei 400 ETF | 19.32% | 137.78M | Oct 2001 | RAYJ vs JPXN |
Lowest Drawdown Alternatives to RAYJ
RAYJ has a 1-year max drawdown of -14.00%. There are 11 ETFs in the Japan Equities category with shallower 1-year drawdowns, going as shallow as -9.82%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Japan Opportunities ETF | -9.82% | 292.99M | Jun 2013 | RAYJ vs OPPJ | |
| iShares Currency Hedged MSCI Japan ETF | -10.37% | 722.49M | Jan 2014 | RAYJ vs HEWJ | |
| Xtrackers MSCI Japan Hedged Equity ETF | -10.39% | 679.07M | Jun 2011 | RAYJ vs DBJP | |
| Franklin FTSE Japan Hedged ETF | -10.80% | 171.61M | Nov 2017 | RAYJ vs FLJH | |
| WisdomTree Japan Hedged Equity Fund | -10.98% | 7.20B | Jun 2006 | RAYJ vs DXJ |
Other ETFs from Rayliant
The 3 most viewed Rayliant ETFs shown here include RWLC, CNQQ, RWEM and span 3 categories. AUM among these funds goes as high as $78M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Rayliant Wilshire NxtGen US Large Cap Equity ETF | Large Cap Blend Equities | 49 | 11.76% | 77.61M | Dec 2021 | RAYJ vs RWLC | |
| Rayliant-ChinaAMC Transformative China Tech ETF | China Equities | — | 13.99% | 22.68M | Sep 2025 | RAYJ vs CNQQ | |
| Rayliant Wilshire NxtGen Emerging Markets Equity E... | Emerging Markets Equities | 53 | 27.68% | 77.96M | Dec 2021 | RAYJ vs RWEM |
Often Compared With RAYJ
Investors most often compare RAYJ with FJP, DXJS, DBE. These 16 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare RAYJ with Any Fund or Stock
Compare RAYJ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RAYJ with funds that move differently
Rayliant SMDAM Japan Equity ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RAYJ.
Explore RAYJ Diversifiers