Correlation
The correlation between RAYE and EWJV is 0.53, 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.
RAYE vs. EWJV
Compare and contrast key facts about Rayliant Quantamental Emerging Market Equity ETF (RAYE) and iShares MSCI Japan Value ETF (EWJV).
RAYE and EWJV 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. EWJV is a passively managed fund by iShares that tracks the performance of the MSCI Japan Value Index. It was launched on Mar 5, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RAYE or EWJV.
Performance
RAYE vs. EWJV - Performance Comparison
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Key characteristics
RAYE:
0.29
EWJV:
0.66
RAYE:
0.33
EWJV:
0.96
RAYE:
1.04
EWJV:
1.13
RAYE:
0.12
EWJV:
0.89
RAYE:
0.31
EWJV:
3.04
RAYE:
8.45%
EWJV:
4.27%
RAYE:
17.57%
EWJV:
21.24%
RAYE:
-26.92%
EWJV:
-30.05%
RAYE:
-6.26%
EWJV:
-0.79%
Returns By Period
In the year-to-date period, RAYE achieves a 3.29% return, which is significantly lower than EWJV's 13.04% return.
RAYE
3.29%
6.19%
2.12%
5.01%
6.88%
N/A
N/A
EWJV
13.04%
3.03%
11.69%
13.96%
15.61%
12.51%
N/A
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RAYE vs. EWJV - Expense Ratio Comparison
RAYE has a 0.88% expense ratio, which is higher than EWJV's 0.15% expense ratio.
Risk-Adjusted Performance
RAYE vs. EWJV — Risk-Adjusted Performance Rank
RAYE
EWJV
RAYE vs. EWJV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rayliant Quantamental Emerging Market Equity ETF (RAYE) and iShares MSCI Japan Value ETF (EWJV). 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
RAYE vs. EWJV - Dividend Comparison
RAYE's dividend yield for the trailing twelve months is around 3.47%, less than EWJV's 3.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
RAYE Rayliant Quantamental Emerging Market Equity ETF | 3.47% | 3.59% | 1.60% | 5.59% | 0.39% | 0.00% | 0.00% |
EWJV iShares MSCI Japan Value ETF | 3.63% | 4.10% | 3.32% | 2.71% | 2.47% | 1.97% | 4.29% |
Drawdowns
RAYE vs. EWJV - Drawdown Comparison
The maximum RAYE drawdown since its inception was -26.92%, smaller than the maximum EWJV drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for RAYE and EWJV.
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Volatility
RAYE vs. EWJV - Volatility Comparison
Rayliant Quantamental Emerging Market Equity ETF (RAYE) and iShares MSCI Japan Value ETF (EWJV) have volatilities of 4.04% and 3.98%, 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.
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