RAYC vs. EMXC
Compare and contrast key facts about Rayliant Quantamental China Equity ETF (RAYC) and iShares MSCI Emerging Markets ex China ETF (EMXC).
RAYC and EMXC 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. EMXC is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets ex China Index. It was launched on Jul 19, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RAYC or EMXC.
Key characteristics
| RAYC | EMXC | |
|---|---|---|
| YTD Return | 13.20% | 3.72% |
| 1Y Return | -7.91% | 16.37% |
| 3Y Return (Ann) | -16.04% | -0.19% |
| Sharpe Ratio | -0.47 | 1.30 |
| Daily Std Dev | 18.22% | 12.85% |
| Max Drawdown | -57.65% | -42.80% |
| Current Drawdown | -48.40% | -4.32% |
Correlation
The correlation between RAYC and EMXC is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
RAYC vs. EMXC - Performance Comparison
In the year-to-date period, RAYC achieves a 13.20% return, which is significantly higher than EMXC's 3.72% 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. EMXC - Expense Ratio Comparison
RAYC has a 0.80% expense ratio, which is higher than EMXC's 0.49% expense ratio.
Risk-Adjusted Performance
RAYC vs. EMXC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rayliant Quantamental China Equity ETF (RAYC) and iShares MSCI Emerging Markets ex China ETF (EMXC). 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. EMXC - Dividend Comparison
RAYC's dividend yield for the trailing twelve months is around 4.04%, more than EMXC's 1.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
RAYC Rayliant Quantamental China Equity ETF | 4.04% | 4.58% | 1.65% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% |
EMXC iShares MSCI Emerging Markets ex China ETF | 1.76% | 1.83% | 2.85% | 1.78% | 1.45% | 3.25% | 2.62% | 0.99% |
Drawdowns
RAYC vs. EMXC - Drawdown Comparison
The maximum RAYC drawdown since its inception was -57.65%, which is greater than EMXC's maximum drawdown of -42.80%. Use the drawdown chart below to compare losses from any high point for RAYC and EMXC. For additional features, visit the drawdowns tool.
Volatility
RAYC vs. EMXC - Volatility Comparison
Rayliant Quantamental China Equity ETF (RAYC) has a higher volatility of 5.68% compared to iShares MSCI Emerging Markets ex China ETF (EMXC) at 4.04%. This indicates that RAYC's price experiences larger fluctuations and is considered to be riskier than EMXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.