RAYD vs. EFAV
Compare and contrast key facts about Rayliant Quantitative Developed Market Equity ETF (RAYD) and iShares Edge MSCI Min Vol EAFE ETF (EFAV).
RAYD and EFAV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RAYD is an actively managed fund by Rayliant. It was launched on Dec 15, 2021. EFAV is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Minimum Volatility Index. It was launched on Oct 18, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RAYD or EFAV.
Correlation
The correlation between RAYD and EFAV is 0.63, 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
RAYD vs. EFAV - Performance Comparison
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Key characteristics
RAYD:
1.12
EFAV:
1.44
RAYD:
1.73
EFAV:
2.11
RAYD:
1.26
EFAV:
1.29
RAYD:
1.35
EFAV:
2.18
RAYD:
6.11
EFAV:
5.40
RAYD:
3.57%
EFAV:
3.50%
RAYD:
18.31%
EFAV:
12.25%
RAYD:
-21.00%
EFAV:
-27.56%
RAYD:
-2.01%
EFAV:
-2.47%
Returns By Period
In the year-to-date period, RAYD achieves a 6.35% return, which is significantly lower than EFAV's 15.05% return.
RAYD
6.35%
8.17%
4.52%
20.33%
N/A
N/A
EFAV
15.05%
4.72%
11.59%
17.50%
7.68%
4.58%
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RAYD vs. EFAV - Expense Ratio Comparison
RAYD has a 0.80% expense ratio, which is higher than EFAV's 0.20% expense ratio.
Risk-Adjusted Performance
RAYD vs. EFAV — Risk-Adjusted Performance Rank
RAYD
EFAV
RAYD vs. EFAV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rayliant Quantitative Developed Market Equity ETF (RAYD) and iShares Edge MSCI Min Vol EAFE ETF (EFAV). 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
RAYD vs. EFAV - Dividend Comparison
RAYD's dividend yield for the trailing twelve months is around 0.92%, less than EFAV's 2.81% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RAYD Rayliant Quantitative Developed Market Equity ETF | 0.92% | 0.98% | 1.63% | 1.40% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EFAV iShares Edge MSCI Min Vol EAFE ETF | 2.81% | 3.24% | 3.07% | 2.53% | 2.47% | 1.33% | 4.19% | 3.34% | 2.45% | 3.94% | 2.49% | 3.57% |
Drawdowns
RAYD vs. EFAV - Drawdown Comparison
The maximum RAYD drawdown since its inception was -21.00%, smaller than the maximum EFAV drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for RAYD and EFAV. For additional features, visit the drawdowns tool.
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Volatility
RAYD vs. EFAV - Volatility Comparison
Rayliant Quantitative Developed Market Equity ETF (RAYD) has a higher volatility of 6.27% compared to iShares Edge MSCI Min Vol EAFE ETF (EFAV) at 3.92%. This indicates that RAYD's price experiences larger fluctuations and is considered to be riskier than EFAV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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