RAYE vs. AVEM
Compare and contrast key facts about Rayliant Quantamental Emerging Market Equity ETF (RAYE) and Avantis Emerging Markets Equity ETF (AVEM).
RAYE and AVEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RAYE is an actively managed fund by Rayliant. It was launched on Dec 15, 2021. AVEM is a passively managed fund by American Century Investments that tracks the performance of the MSCI Emerging Markets Index. It was launched on Sep 17, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RAYE or AVEM.
Correlation
The correlation between RAYE and AVEM is 0.83, 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
RAYE vs. AVEM - Performance Comparison
Key characteristics
RAYE:
0.16
AVEM:
0.82
RAYE:
0.30
AVEM:
1.20
RAYE:
1.04
AVEM:
1.15
RAYE:
0.19
AVEM:
0.98
RAYE:
0.43
AVEM:
2.56
RAYE:
5.06%
AVEM:
4.94%
RAYE:
13.47%
AVEM:
15.47%
RAYE:
-26.92%
AVEM:
-36.05%
RAYE:
-9.87%
AVEM:
-4.32%
Returns By Period
In the year-to-date period, RAYE achieves a -0.69% return, which is significantly lower than AVEM's 5.38% return.
RAYE
-0.69%
-1.26%
-6.31%
1.66%
N/A
N/A
AVEM
5.38%
4.19%
3.73%
12.29%
6.05%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
RAYE vs. AVEM - Expense Ratio Comparison
RAYE has a 0.88% expense ratio, which is higher than AVEM's 0.33% expense ratio.
Risk-Adjusted Performance
RAYE vs. AVEM — Risk-Adjusted Performance Rank
RAYE
AVEM
RAYE vs. AVEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rayliant Quantamental Emerging Market Equity ETF (RAYE) and Avantis Emerging Markets Equity ETF (AVEM). 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
RAYE vs. AVEM - Dividend Comparison
RAYE's dividend yield for the trailing twelve months is around 3.61%, more than AVEM's 3.01% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
RAYE Rayliant Quantamental Emerging Market Equity ETF | 3.61% | 3.59% | 1.60% | 5.59% | 0.39% | 0.00% | 0.00% |
AVEM Avantis Emerging Markets Equity ETF | 3.01% | 3.17% | 3.06% | 2.77% | 2.61% | 1.60% | 0.35% |
Drawdowns
RAYE vs. AVEM - Drawdown Comparison
The maximum RAYE drawdown since its inception was -26.92%, smaller than the maximum AVEM drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for RAYE and AVEM. For additional features, visit the drawdowns tool.
Volatility
RAYE vs. AVEM - Volatility Comparison
Rayliant Quantamental Emerging Market Equity ETF (RAYE) has a higher volatility of 4.14% compared to Avantis Emerging Markets Equity ETF (AVEM) at 3.81%. This indicates that RAYE's price experiences larger fluctuations and is considered to be riskier than AVEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.