RAYC vs. MCHI
Compare and contrast key facts about Rayliant Quantamental China Equity ETF (RAYC) and iShares MSCI China ETF (MCHI).
RAYC and MCHI 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. MCHI is a passively managed fund by iShares that tracks the performance of the MSCI China Index. It was launched on Mar 29, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RAYC or MCHI.
Key characteristics
| RAYC | MCHI | |
|---|---|---|
| YTD Return | 13.20% | 10.19% |
| 1Y Return | -7.91% | -1.32% |
| 3Y Return (Ann) | -16.04% | -15.19% |
| Sharpe Ratio | -0.47 | -0.07 |
| Daily Std Dev | 18.22% | 25.52% |
| Max Drawdown | -57.65% | -62.84% |
| Current Drawdown | -48.40% | -50.79% |
Correlation
The correlation between RAYC and MCHI is 0.72, 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. MCHI - Performance Comparison
In the year-to-date period, RAYC achieves a 13.20% return, which is significantly higher than MCHI's 10.19% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
RAYC vs. MCHI - Expense Ratio Comparison
RAYC has a 0.80% expense ratio, which is higher than MCHI's 0.59% expense ratio.
Risk-Adjusted Performance
RAYC vs. MCHI - 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 ETF (MCHI). 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. MCHI - Dividend Comparison
RAYC's dividend yield for the trailing twelve months is around 4.04%, more than MCHI's 3.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RAYC Rayliant Quantamental China Equity ETF | 4.04% | 4.58% | 1.65% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MCHI iShares MSCI China ETF | 3.17% | 3.49% | 2.14% | 1.03% | 1.03% | 1.44% | 1.58% | 1.54% | 1.64% | 2.76% | 2.35% | 2.37% |
Drawdowns
RAYC vs. MCHI - Drawdown Comparison
The maximum RAYC drawdown since its inception was -57.65%, smaller than the maximum MCHI drawdown of -62.84%. Use the drawdown chart below to compare losses from any high point for RAYC and MCHI. For additional features, visit the drawdowns tool.
Volatility
RAYC vs. MCHI - Volatility Comparison
The current volatility for Rayliant Quantamental China Equity ETF (RAYC) is 5.68%, while iShares MSCI China ETF (MCHI) has a volatility of 7.99%. This indicates that RAYC experiences smaller price fluctuations and is considered to be less risky than MCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.