RWEM vs. RAYJ

Last updated Aug 5, 2026

RWEM (Rayliant Wilshire NxtGen Emerging Markets Equity ETF) and RAYJ (Rayliant SMDAM Japan Equity ETF) are both exchange-traded funds - RWEM is a Emerging Markets Equities fund tracking the FT Wilshire Emerging Large NxtGen Index, while RAYJ is a Japan Equities fund actively managed by Rayliant. RWEM is passively managed, while RAYJ is actively managed. RWEM charges 0.52%/yr vs 0.72%/yr for RAYJ.

Performance

RWEM vs. RAYJ - Performance Comparison

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

Returns By Period

RWEM

• 1D: -2.09%
• 1M: 5.74%
• 6M: 20.32%
• YTD: 22.44%
• 1Y: 41.12%
• 3Y*: 21.64%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.23%

RAYJ

• 1D: 0.00%
• 1M: —
• 6M: —
• YTD: —
• 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)
RAYJ Rayliant SMDAM Japan Equity ETF	$0.00	$0.00	$0.00
RWEM Rayliant Wilshire NxtGen Emerging Markets Equity ETF	$277.60K	$292.46K	$570.04K

RWEM vs. RAYJ - Yearly Performance Comparison

	2026 (YTD)
RWEM Rayliant Wilshire NxtGen Emerging Markets Equity ETF	7.98%
RAYJ Rayliant SMDAM Japan Equity ETF	0.00%

RWEM vs. RAYJ - Sectors Allocation Comparison

Sectors	RWEM	RAYJ
Technology	41.1%	22.8%
Financial Services	18.1%	9.7%
Consumer Cyclical	9.1%	21.0%
Communication Services	7.9%	3.1%
Industrials	5.1%	27.6%
Basic Materials	4.7%	10.1%
Energy	4.1%	-
Healthcare	3.7%	3.5%
Consumer Defensive	2.6%	0.9%
Utilities	2.1%	-
Real Estate	0.3%	1.4%

Return for Risk

RWEM vs. RAYJ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RWEM

RWEM Risk / Return Rank: 48
RWEM Sharpe Ratio Rank: 38
RWEM Sortino Ratio Rank: 38
RWEM Omega Ratio Rank: 41
RWEM Calmar Ratio Rank: 68
RWEM Martin Ratio Rank: 53

RAYJ

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RWEM vs. RAYJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rayliant Wilshire NxtGen Emerging Markets Equity ETF (RWEM) and Rayliant SMDAM Japan Equity ETF (RAYJ). 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.

	RWEM	RAYJ	Difference
Sharpe ratio: Return per unit of total volatility	1.10	—	—
Sortino ratio: Return per unit of downside risk	1.62	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	2.68	—	—
Martin ratio: Return relative to average drawdown	6.94	—	—

Drawdowns

RWEM vs. RAYJ - Drawdown Comparison

The maximum RWEM drawdown since its inception was -26.92%, which is greater than RAYJ's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for RWEM and RAYJ.

Drawdown Indicators

	RWEM	RAYJ	Difference
Max Drawdown Largest peak-to-trough decline	-26.92%	0.00%	-26.92%
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	-5.44%	0.00%	-5.44%
Average Drawdown Average peak-to-trough decline	-9.57%	0.00%	-9.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.95%	—	—

Volatility

Volatility by Period

	RWEM	RAYJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.45%	—	—
Volatility (6M) Calculated over the trailing 6-month period	32.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	37.63%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.04%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.04%	—	—

RWEM vs. RAYJ - Expense Ratio Comparison

RWEM has a 0.52% expense ratio, which is lower than RAYJ's 0.72% expense ratio.

Dividends

RWEM vs. RAYJ - Dividend Comparison

RWEM's dividend yield for the trailing twelve months is around 1.76%, while RAYJ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
RAYJ Rayliant SMDAM Japan Equity ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RWEM Rayliant Wilshire NxtGen Emerging Markets Equity ETF	1.76%	2.15%	3.59%	1.60%	5.59%	0.39%

Frequently Asked Questions

Which ETF is better, RWEM or RAYJ?

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 RAYJ?

RWEM is cheaper with a 0.52% expense ratio, compared with 0.72% for RAYJ.

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

RWEM has the higher dividend yield at 1.76%, compared with 0.00% for RAYJ.

What is the main difference between RWEM and RAYJ?

RWEM is categorized as Emerging Markets Equities, while RAYJ is Japan Equities. Their fees differ too: 0.52% for RWEM and 0.72% for RAYJ.