RAYJ vs. CNQQ

Last updated Aug 2, 2026

RAYJ (Rayliant SMDAM Japan Equity ETF) and CNQQ (Rayliant-ChinaAMC Transformative China Tech ETF) are both exchange-traded funds - RAYJ is a Japan Equities fund actively managed by Rayliant, while CNQQ is a China Equities fund tracking the Solactive ChinaAMC Transformative China Tech. RAYJ is actively managed, while CNQQ is passively managed. RAYJ charges 0.72%/yr vs 0.75%/yr for CNQQ.

Performance

RAYJ vs. CNQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rayliant SMDAM Japan Equity ETF (RAYJ) and Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RAYJ

• 1D: 0.00%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

CNQQ

• 1D: 0.73%
• 1M: -4.81%
• 6M: -0.44%
• YTD: 1.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	$685.05K	$467.08K	$508.55K
RAYJ Rayliant SMDAM Japan Equity ETF	$0.00	$0.00	$0.00

RAYJ vs. CNQQ - Yearly Performance Comparison

	2026 (YTD)
RAYJ Rayliant SMDAM Japan Equity ETF	0.00%
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	0.73%

Return for Risk

RAYJ vs. CNQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rayliant SMDAM Japan Equity ETF (RAYJ) and Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

RAYJ vs. CNQQ - Drawdown Comparison

The maximum RAYJ drawdown since its inception was 0.00%, smaller than the maximum CNQQ drawdown of -17.82%. Use the drawdown chart below to compare losses from any high point for RAYJ and CNQQ.

Drawdown Indicators

	RAYJ	CNQQ	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-17.82%	+17.82%
Current Drawdown Current decline from peak	0.00%	-12.07%	+12.07%
Average Drawdown Average peak-to-trough decline	0.00%	-8.56%	+8.56%

Volatility

Volatility by Period

	RAYJ	CNQQ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	27.77%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	27.77%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	27.77%	—

RAYJ vs. CNQQ - Expense Ratio Comparison

RAYJ has a 0.72% expense ratio, which is lower than CNQQ's 0.75% expense ratio.

Dividends

RAYJ vs. CNQQ - Dividend Comparison

RAYJ has not paid dividends to shareholders, while CNQQ's dividend yield for the trailing twelve months is around 0.39%.

Position	TTM	2025
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	0.39%	0.09%
RAYJ Rayliant SMDAM Japan Equity ETF	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, RAYJ or CNQQ?

On fees, RAYJ is cheaper at 0.72% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RAYJ or CNQQ?

RAYJ is cheaper with a 0.72% expense ratio, compared with 0.75% for CNQQ.

Which ETF pays a higher dividend yield, RAYJ or CNQQ?

CNQQ has the higher dividend yield at 0.39%, compared with 0.00% for RAYJ.

What is the main difference between RAYJ and CNQQ?

RAYJ is categorized as Japan Equities, while CNQQ is China Equities. Their fees differ too: 0.72% for RAYJ and 0.75% for CNQQ.