RAYC vs. GXC
Compare and contrast key facts about Rayliant Quantamental China Equity ETF (RAYC) and SPDR S&P China ETF (GXC).
RAYC and GXC 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. GXC is a passively managed fund by State Street that tracks the performance of the S&P China BMI Index. It was launched on Mar 19, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RAYC or GXC.
Key characteristics
| RAYC | GXC | |
|---|---|---|
| YTD Return | 12.80% | 6.55% |
| 1Y Return | -9.88% | -5.28% |
| 3Y Return (Ann) | -16.51% | -15.58% |
| Sharpe Ratio | -0.54 | -0.21 |
| Daily Std Dev | 18.15% | 23.69% |
| Max Drawdown | -57.65% | -72.16% |
| Current Drawdown | -48.58% | -49.76% |
Correlation
The correlation between RAYC and GXC is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
RAYC vs. GXC - Performance Comparison
In the year-to-date period, RAYC achieves a 12.80% return, which is significantly higher than GXC's 6.55% 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. GXC - Expense Ratio Comparison
RAYC has a 0.80% expense ratio, which is higher than GXC's 0.59% expense ratio.
Risk-Adjusted Performance
RAYC vs. GXC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rayliant Quantamental China Equity ETF (RAYC) and SPDR S&P China ETF (GXC). 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. GXC - Dividend Comparison
RAYC's dividend yield for the trailing twelve months is around 4.06%, more than GXC's 3.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RAYC Rayliant Quantamental China Equity ETF | 4.06% | 4.58% | 1.65% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GXC SPDR S&P China ETF | 3.47% | 3.70% | 2.67% | 1.35% | 1.04% | 1.60% | 2.03% | 1.84% | 2.05% | 2.85% | 2.11% | 2.29% |
Drawdowns
RAYC vs. GXC - Drawdown Comparison
The maximum RAYC drawdown since its inception was -57.65%, smaller than the maximum GXC drawdown of -72.16%. Use the drawdown chart below to compare losses from any high point for RAYC and GXC. For additional features, visit the drawdowns tool.
Volatility
RAYC vs. GXC - Volatility Comparison
The current volatility for Rayliant Quantamental China Equity ETF (RAYC) is 5.85%, while SPDR S&P China ETF (GXC) has a volatility of 6.97%. This indicates that RAYC experiences smaller price fluctuations and is considered to be less risky than GXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.