RAYC vs. ECNS
Compare and contrast key facts about Rayliant Quantamental China Equity ETF (RAYC) and iShares MSCI China Small-Cap ETF (ECNS).
RAYC and ECNS 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. ECNS is a passively managed fund by iShares that tracks the performance of the MSCI China Small Cap Index. It was launched on Sep 28, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RAYC or ECNS.
Correlation
The correlation between RAYC and ECNS is 0.28, 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. ECNS - Performance Comparison
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Key characteristics
RAYC:
0.20
ECNS:
0.30
RAYC:
0.49
ECNS:
0.72
RAYC:
1.08
ECNS:
1.10
RAYC:
0.11
ECNS:
0.19
RAYC:
0.31
ECNS:
0.75
RAYC:
19.57%
ECNS:
16.02%
RAYC:
33.07%
ECNS:
36.51%
RAYC:
-57.65%
ECNS:
-63.43%
RAYC:
-45.40%
ECNS:
-48.08%
Returns By Period
In the year-to-date period, RAYC achieves a 4.37% return, which is significantly lower than ECNS's 10.11% return.
RAYC
4.37%
7.76%
1.13%
6.47%
N/A
N/A
ECNS
10.11%
6.52%
11.96%
10.91%
-0.68%
-3.94%
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RAYC vs. ECNS - Expense Ratio Comparison
RAYC has a 0.80% expense ratio, which is higher than ECNS's 0.59% expense ratio.
Risk-Adjusted Performance
RAYC vs. ECNS — Risk-Adjusted Performance Rank
RAYC
ECNS
RAYC vs. ECNS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rayliant Quantamental China Equity ETF (RAYC) and iShares MSCI China Small-Cap ETF (ECNS). 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.
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Dividends
RAYC vs. ECNS - Dividend Comparison
RAYC's dividend yield for the trailing twelve months is around 3.95%, less than ECNS's 5.43% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RAYC Rayliant Quantamental China Equity ETF | 3.95% | 4.12% | 4.58% | 1.65% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ECNS iShares MSCI China Small-Cap ETF | 5.43% | 5.98% | 4.90% | 3.54% | 4.87% | 3.59% | 3.23% | 6.16% | 3.18% | 4.30% | 3.58% | 2.51% |
Drawdowns
RAYC vs. ECNS - Drawdown Comparison
The maximum RAYC drawdown since its inception was -57.65%, smaller than the maximum ECNS drawdown of -63.43%. Use the drawdown chart below to compare losses from any high point for RAYC and ECNS. For additional features, visit the drawdowns tool.
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Volatility
RAYC vs. ECNS - Volatility Comparison
The current volatility for Rayliant Quantamental China Equity ETF (RAYC) is 4.48%, while iShares MSCI China Small-Cap ETF (ECNS) has a volatility of 7.21%. This indicates that RAYC experiences smaller price fluctuations and is considered to be less risky than ECNS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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