RWEM vs. IOYY

Last updated Jun 4, 2026

RWEM (Rayliant Wilshire NxtGen Emerging Markets Equity ETF) and IOYY (GraniteShares YieldBOOST IONQ ETF) are both exchange-traded funds - RWEM is a Emerging Markets Equities fund tracking the FT Wilshire Emerging Large NxtGen Index, while IOYY is a Derivative Income fund actively managed by GraniteShares. RWEM is passively managed, while IOYY is actively managed. At a 0.02 correlation, their price movements are largely independent. RWEM charges 0.52%/yr vs 1.07%/yr for IOYY.

Performance

RWEM vs. IOYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rayliant Wilshire NxtGen Emerging Markets Equity ETF (RWEM) and GraniteShares YieldBOOST IONQ ETF (IOYY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RWEM achieves a 26.61% return, which is significantly higher than IOYY's -11.06% return.

RWEM

• 1D: 1.08%
• 1M: 12.70%
• YTD: 26.61%
• 6M: 37.26%
• 1Y: 56.82%
• 3Y*: 25.41%
• 5Y*: —
• 10Y*: —

IOYY

• 1D: -0.54%
• 1M: 9.06%
• YTD: -11.06%
• 6M: -19.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RWEM vs. IOYY - Yearly Performance Comparison

	2026 (YTD)	2025
RWEM Rayliant Wilshire NxtGen Emerging Markets Equity ETF	26.61%	3.58%
IOYY GraniteShares YieldBOOST IONQ ETF	-11.06%	-11.64%

Correlation

The correlation between RWEM and IOYY is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025	0.02

Return for Risk

RWEM vs. IOYY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RWEM

RWEM Risk / Return Rank: 60
RWEM Sharpe Ratio Rank: 54
RWEM Sortino Ratio Rank: 50
RWEM Omega Ratio Rank: 57
RWEM Calmar Ratio Rank: 75
RWEM Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RWEM vs. IOYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rayliant Wilshire NxtGen Emerging Markets Equity ETF (RWEM) and GraniteShares YieldBOOST IONQ ETF (IOYY). 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.

	RWEM	IOYY	Difference
Sharpe ratio: Return per unit of total volatility	1.79	—	—
Sortino ratio: Return per unit of downside risk	2.42	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	3.71	—	—
Martin ratio: Return relative to average drawdown	11.99	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	RWEM	IOYY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	-1.00	+1.60

Drawdowns

RWEM vs. IOYY - Drawdown Comparison

The maximum RWEM drawdown since its inception was -26.92%, smaller than the maximum IOYY drawdown of -38.47%. Use the drawdown chart below to compare losses from any high point for RWEM and IOYY.

Drawdown Indicators

	RWEM	IOYY	Difference
Max Drawdown Largest peak-to-trough decline	-26.92%	-38.47%	+11.55%
Max Drawdown (1Y) Largest decline over 1 year	-15.39%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.56%	—	—
Current Drawdown Current decline from peak	0.00%	-27.87%	+27.87%
Average Drawdown Average peak-to-trough decline	-9.64%	-23.09%	+13.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.75%	—	—

Volatility

Volatility by Period

	RWEM	IOYY	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.57%	—	—
Volatility (6M) Calculated over the trailing 6-month period	29.47%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	31.82%	34.42%	-2.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.36%	34.42%	-13.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.36%	34.42%	-13.06%

RWEM vs. IOYY - Expense Ratio Comparison

RWEM has a 0.52% expense ratio, which is lower than IOYY's 1.07% expense ratio.

Dividends

RWEM vs. IOYY - Dividend Comparison

RWEM's dividend yield for the trailing twelve months is around 1.70%, less than IOYY's 121.09% yield.

Position	TTM	2025	2024	2023	2022	2021
IOYY GraniteShares YieldBOOST IONQ ETF	121.09%	28.55%	0.00%	0.00%	0.00%	0.00%
RWEM Rayliant Wilshire NxtGen Emerging Markets Equity ETF	1.70%	2.15%	3.59%	1.60%	5.59%	0.39%

Frequently Asked Questions

Can I hold both RWEM and IOYY in my portfolio?

RWEM and IOYY have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RWEM or IOYY?

On fees, RWEM is cheaper at 0.52% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RWEM or IOYY?

RWEM is cheaper with a 0.52% expense ratio, compared with 1.07% for IOYY.

Which ETF pays a higher dividend yield, RWEM or IOYY?

IOYY has the higher dividend yield at 121.09%, compared with 1.70% for RWEM.

What is the main difference between RWEM and IOYY?

RWEM is categorized as Emerging Markets Equities, while IOYY is Derivative Income. They also come from different issuers: Rayliant and GraniteShares. Their fees differ too: 0.52% for RWEM and 1.07% for IOYY.