RWIN vs. RWLC

Last updated Jul 16, 2026

RWIN (Rayliant NxtGen Multifactor International Equity ETF) and RWLC (Rayliant Wilshire NxtGen US Large Cap Equity ETF) are both exchange-traded funds - RWIN is a Foreign Large Cap Equities fund actively managed by Rayliant, while RWLC is a Large Cap Blend Equities fund tracking the S&P 500. RWIN is actively managed, while RWLC is passively managed. A 0.61 correlation means they provide meaningful diversification when combined. RWIN charges 0.42%/yr vs 0.32%/yr for RWLC.

Performance

RWIN vs. RWLC - Performance Comparison

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

Returns By Period

RWIN

• 1D: 0.47%
• 1M: 1.08%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RWLC

• 1D: -0.58%
• 1M: 0.50%
• 6M: 12.94%
• YTD: 13.06%
• 1Y: 19.68%
• 3Y*: 22.46%
• 5Y*: —
• 10Y*: —

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

RWIN vs. RWLC - Yearly Performance Comparison

	2026 (YTD)
RWIN Rayliant NxtGen Multifactor International Equity ETF	3.27%
RWLC Rayliant Wilshire NxtGen US Large Cap Equity ETF	16.23%

Correlation

The correlation between RWIN and RWLC is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 8, 2026	0.61

Return for Risk

RWIN vs. RWLC — Risk / Return Rank

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

RWIN

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

RWLC

RWLC Risk / Return Rank: 50
RWLC Sharpe Ratio Rank: 47
RWLC Sortino Ratio Rank: 51
RWLC Omega Ratio Rank: 47
RWLC Calmar Ratio Rank: 51
RWLC Martin Ratio Rank: 54

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.

RWIN vs. RWLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rayliant NxtGen Multifactor International Equity ETF (RWIN) and Rayliant Wilshire NxtGen US Large Cap Equity ETF (RWLC). 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.

	RWIN	RWLC	Difference
Sharpe ratio: Return per unit of total volatility	—	1.35	—
Sortino ratio: Return per unit of downside risk	—	2.07	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	2.12	—
Martin ratio: Return relative to average drawdown	—	7.63	—

Drawdowns

RWIN vs. RWLC - Drawdown Comparison

The maximum RWIN drawdown since its inception was -4.09%, smaller than the maximum RWLC drawdown of -21.00%. Use the drawdown chart below to compare losses from any high point for RWIN and RWLC.

Drawdown Indicators

	RWIN	RWLC	Difference
Max Drawdown Largest peak-to-trough decline	-4.09%	-21.00%	+16.91%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.33%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.20%	—
Current Drawdown Current decline from peak	0.00%	-0.58%	+0.58%
Average Drawdown Average peak-to-trough decline	-1.34%	-5.33%	+3.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.59%	—

Volatility

Volatility by Period

	RWIN	RWLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.43%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.96%	14.62%	+0.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.96%	16.48%	-1.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.96%	16.48%	-1.52%

RWIN vs. RWLC - Expense Ratio Comparison

RWIN has a 0.42% expense ratio, which is higher than RWLC's 0.32% expense ratio.

Dividends

RWIN vs. RWLC - Dividend Comparison

RWIN's dividend yield for the trailing twelve months is around 1.01%, less than RWLC's 12.99% yield.

Position	TTM	2025	2024	2023	2022	2021
RWIN Rayliant NxtGen Multifactor International Equity ETF	1.01%	0.00%	0.00%	0.00%	0.00%	0.00%
RWLC Rayliant Wilshire NxtGen US Large Cap Equity ETF	12.99%	14.69%	0.98%	1.63%	1.39%	0.01%

Frequently Asked Questions

Can I hold both RWIN and RWLC in my portfolio?

RWIN and RWLC have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RWIN or RWLC?

On fees, RWLC is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RWIN or RWLC?

RWLC is cheaper with a 0.32% expense ratio, compared with 0.42% for RWIN.

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

RWLC has the higher dividend yield at 12.99%, compared with 1.01% for RWIN.

What is the main difference between RWIN and RWLC?

RWIN is categorized as Foreign Large Cap Equities, while RWLC is Large Cap Blend Equities. Their fees differ too: 0.42% for RWIN and 0.32% for RWLC.