RWIN vs. RAYJ

Last updated Aug 5, 2026

RWIN (Rayliant NxtGen Multifactor International Equity ETF) and RAYJ (Rayliant SMDAM Japan Equity ETF) are both exchange-traded funds - RWIN is a Foreign Large Cap Equities fund actively managed by Rayliant, while RAYJ is a Japan Equities fund actively managed by Rayliant. Both are actively managed. RWIN charges 0.42%/yr vs 0.72%/yr for RAYJ.

Performance

RWIN vs. RAYJ - Performance Comparison

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

Returns By Period

RWIN

• 1D: 1.12%
• 1M: 4.09%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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
RWIN Rayliant NxtGen Multifactor International Equity ETF	$5.81K	$6.02K	$8.35K

RWIN vs. RAYJ - Yearly Performance Comparison

	2026 (YTD)
RWIN Rayliant NxtGen Multifactor International Equity ETF	0.47%
RAYJ Rayliant SMDAM Japan Equity ETF	0.00%

Return for Risk

RWIN vs. RAYJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rayliant NxtGen Multifactor International Equity ETF (RWIN) 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.

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

Drawdowns

RWIN vs. RAYJ - Drawdown Comparison

The maximum RWIN drawdown since its inception was -4.09%, which is greater than RAYJ's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for RWIN and RAYJ.

Drawdown Indicators

	RWIN	RAYJ	Difference
Max Drawdown Largest peak-to-trough decline	-4.09%	0.00%	-4.09%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.19%	0.00%	-1.19%

Volatility

Volatility by Period

	RWIN	RAYJ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.74%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.74%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.74%	—	—

RWIN vs. RAYJ - Expense Ratio Comparison

RWIN has a 0.42% expense ratio, which is lower than RAYJ's 0.72% expense ratio.

Dividends

RWIN vs. RAYJ - Dividend Comparison

RWIN's dividend yield for the trailing twelve months is around 0.97%, while RAYJ has not paid dividends to shareholders.

Position	TTM
RAYJ Rayliant SMDAM Japan Equity ETF	0.00%
RWIN Rayliant NxtGen Multifactor International Equity ETF	0.97%

Frequently Asked Questions

Which ETF is better, RWIN or RAYJ?

On fees, RWIN is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RWIN or RAYJ?

RWIN is cheaper with a 0.42% expense ratio, compared with 0.72% for RAYJ.

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

RWIN has the higher dividend yield at 0.97%, compared with 0.00% for RAYJ.

What is the main difference between RWIN and RAYJ?

RWIN is categorized as Foreign Large Cap Equities, while RAYJ is Japan Equities. Their fees differ too: 0.42% for RWIN and 0.72% for RAYJ.