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ETFs

Rayliant Quantamental China Equity ETF

RAYC
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Dec 30 2020
Expense Ratio
0.80%
Type
Global Ex. US Equities
Fund Owner
Rayliant
Volume (1m avg. daily)
$131,484
AUM
$82,365,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

600519
Kweichow Moutai Co Ltd - Ordinary Shares - Class A
6.58%
600036
China Merchants Bank - Ordinary Shares - Class A
4.91%
300750
Contemporary Amperex Technology Co. Limited - Ordinary Shares - Class A
4.31%
601318
Ping AN Insurance (Group) Co. of China, Ltd. - Ordinary Shares - Class A
4.17%
600809
Shanxi Xinghuacun Fen Wine Factory Co. Ltd. - Ordinary Shares - Class A
2.86%
000333
Midea Group Co. Ltd - Ordinary Shares - Class A
2.75%
688036
Shenzhen Transsion Holding Co Ltd - Ordinary Shares - Class A
2.23%
002027
Focus Media Information Technology Co Ltd. - Ordinary Shares - Class A
2.06%
601336
New China Life Insurance Co. Ltd - Ordinary Shares - Class A
2.01%
603688
Jiangsu Pacific Quartz Co.Ltd - Ordinary Shares - Class A
1.97%
Invest with RAYC

What is RAYC?

The Rayliant Quantamental China Equity ETF is an active portfolio employing a systematic approach to harvesting behavioral alpha by exploiting mispricings among Chinese stocks traded in markets around the world. The strategy is localized to China, applying specialized data and models capturing features that make Chinese markets unique, including novel aspects of China s accounting, regulations, market structure, state ownership, and investor behavior.

ETFs related toRAYC

ETFs correlated to RAYC include CNYA, CHAU, ASHR

RAYC
Advisors Inner Circle Fund III - Rayliant Quantamental China Equity ETF
CNYA
BlackRock Institutional Trust Company N.A. - iShares MSCI China A ETF
CHAU
Direxion Shares ETF Trust - Direxion Daily CSI 300 China A Share Bull 2X Shares
ASHR
DBX ETF Trust - Xtrackers Harvest CSI 300 China A-Shares ETF
KBA
KraneShares Trust - KraneSharesBosera MSCI China A 50 Connect Index ETF
CXSE
WisdomTree Trust - WisdomTree China ex-State-Owned Enterprises Fund
GXC
SSgA Active Trust - SPDR S&P China ETF
MCHI
BlackRock Institutional Trust Company N.A. - iShares MSCI China ETF
CQQQ
Invesco Capital Management LLC - Invesco China Technology ETF
GMF
SSgA Active Trust - SPDR S&P Emerging Asia Pacific ETF
FXI
BlackRock Institutional Trust Company N.A. - iShares China Large-Cap ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toRAYC

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with RAYC using Composer

FAQ

RAYC is a Global Ex. US Equities ETF. The Rayliant Quantamental China Equity ETF is an active portfolio employing a systematic approach to harvesting behavioral alpha by exploiting mispricings among Chinese stocks traded in markets around the world. The strategy is localized to China, applying specialized data and models capturing features that make Chinese markets unique, including novel aspects of China s accounting, regulations, market structure, state ownership, and investor behavior.

Yes, RAYC is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, RAYC is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on RAYC is 0.0104%. This is the percent change in the value of RAYC over the most recent 1-month period. The 3-month return on RAYC is -0.0431%. This is the percent change in the value of RAYC over the most recent 3-month period.

The standard deviation of RAYC for the past year is 0.2143%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to RAYC include QQH, RODM, and MOTI.

ETFs correlated to RAYC include CNYA, CHAU, and ASHR.

ETFs that are inversely correlated to RAYC include YANG, EDZ, and EFZ.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.