RAYC vs. ARKK
Compare and contrast key facts about Rayliant Quantamental China Equity ETF (RAYC) and ARK Innovation ETF (ARKK).
RAYC and ARKK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RAYC is an actively managed fund by Rayliant Investment Research. It was launched on Dec 31, 2020. ARKK is an actively managed fund by ARK Investment Management. It was launched on Oct 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RAYC or ARKK.
Key characteristics
| RAYC | ARKK | |
|---|---|---|
| YTD Return | 11.55% | -15.16% |
| 1Y Return | -9.91% | 17.13% |
| 3Y Return (Ann) | -16.80% | -25.64% |
| Sharpe Ratio | -0.60 | 0.50 |
| Daily Std Dev | 18.18% | 36.61% |
| Max Drawdown | -57.65% | -80.91% |
| Current Drawdown | -49.15% | -71.15% |
Correlation
The correlation between RAYC and ARKK is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
RAYC vs. ARKK - Performance Comparison
In the year-to-date period, RAYC achieves a 11.55% return, which is significantly higher than ARKK's -15.16% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RAYC vs. ARKK - Expense Ratio Comparison
RAYC has a 0.80% expense ratio, which is higher than ARKK's 0.75% expense ratio.
Risk-Adjusted Performance
RAYC vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rayliant Quantamental China Equity ETF (RAYC) and ARK Innovation ETF (ARKK). 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.
Dividends
RAYC vs. ARKK - Dividend Comparison
RAYC's dividend yield for the trailing twelve months is around 4.10%, while ARKK has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
RAYC Rayliant Quantamental China Equity ETF | 4.10% | 4.58% | 1.65% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% |
Drawdowns
RAYC vs. ARKK - Drawdown Comparison
The maximum RAYC drawdown since its inception was -57.65%, smaller than the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for RAYC and ARKK. For additional features, visit the drawdowns tool.
Volatility
RAYC vs. ARKK - Volatility Comparison
The current volatility for Rayliant Quantamental China Equity ETF (RAYC) is 6.01%, while ARK Innovation ETF (ARKK) has a volatility of 10.45%. This indicates that RAYC experiences smaller price fluctuations and is considered to be less risky than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.