RAYC vs. QQQ
Compare and contrast key facts about Rayliant Quantamental China Equity ETF (RAYC) and Invesco QQQ (QQQ).
RAYC and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RAYC or QQQ.
Key characteristics
| RAYC | QQQ | |
|---|---|---|
| YTD Return | 13.20% | 7.83% |
| 1Y Return | -7.91% | 36.55% |
| 3Y Return (Ann) | -16.04% | 11.35% |
| Sharpe Ratio | -0.47 | 2.34 |
| Daily Std Dev | 18.22% | 16.24% |
| Max Drawdown | -57.65% | -82.98% |
| Current Drawdown | -48.40% | -1.20% |
Correlation
The correlation between RAYC and QQQ is 0.32, 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. QQQ - Performance Comparison
In the year-to-date period, RAYC achieves a 13.20% return, which is significantly higher than QQQ's 7.83% 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. QQQ - Expense Ratio Comparison
RAYC has a 0.80% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
RAYC vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rayliant Quantamental China Equity ETF (RAYC) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
RAYC's dividend yield for the trailing twelve months is around 4.04%, more than QQQ's 0.60% 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% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
RAYC vs. QQQ - Drawdown Comparison
The maximum RAYC drawdown since its inception was -57.65%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for RAYC and QQQ. For additional features, visit the drawdowns tool.
Volatility
RAYC vs. QQQ - Volatility Comparison
Rayliant Quantamental China Equity ETF (RAYC) and Invesco QQQ (QQQ) have volatilities of 5.68% and 5.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.