Skip to Content
ETFs

Rayliant Quantitative Developed Market Equity ETF

RAYD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 15 2021
Expense Ratio
0.80%
Type
Global Equities
Fund Owner
Rayliant
Volume (1m avg. daily)
$72,235
AUM
—
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No

Top 10 Holdings

LLY
Lilly(Eli) & Co
2.76%
UNH
Unitedhealth Group Inc
2.55%
AAPL
Apple Inc
2.49%
AMGN
AMGEN Inc.
2.22%
CI
Cigna Group (The)
1.92%
STR
STRABAG SE-BR
1.91%
VRTX
Vertex Pharmaceuticals, Inc.
1.83%
PM
Philip Morris International Inc
1.78%
MSFT
Microsoft Corporation
1.67%
MELE
MELEXIS NV
1.60%
Invest with RAYD

What is RAYD?

The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in equity securities of developed market companies. The equity securities in which the Fund invests are primarily common stocks and depositary receipts, including unsponsored depositary receipts, but may also include preferred stocks, exchange-traded funds ( ETFs ), and securities of other investment companies. The Fund may invest in securities of companies with any market capitalization with a particular focus on mid- and large-capitalization securities. The Fund is primarily made up of stocks from developed markets that are selected using a quantitative investment approach with human discretion.

ETFs related toRAYD

ETFs correlated to RAYD include EQL, AVUS, URTH

RAYD
Advisors Inner Circle Fund III - Rayliant Quantitative Developed Market Equity ETF
EQL
ALPS Fund Services - ALPS Equal Sector Weight ETF
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF
XLSR
SSgA Active Trust - SPDR SSGA U.S. Sector Rotation ETF
AVSU
American Century ETF Trust - Avantis Responsible U.S. Equity ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
FLQL
Franklin Templeton ETF Trust - Franklin U.S. Large Cap Multifactor Index ETF
VLU
SPDR Series Trust - SPDR S&P 1500 Value Tilt ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
CFA
Victory Portfolios II - VictoryShares US 500 Volatility Wtd 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.

FAQ

RAYD is a Global Equities ETF. The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in equity securities of developed market companies. The equity securities in which the Fund invests are primarily common stocks and depositary receipts, including unsponsored depositary receipts, but may also include preferred stocks, exchange-traded funds ( ETFs ), and securities of other investment companies. The Fund may invest in securities of companies with any market capitalization with a particular focus on mid- and large-capitalization securities. The Fund is primarily made up of stocks from developed markets that are selected using a quantitative investment approach with human discretion.

Yes, RAYD 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, RAYD 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 RAYD is 0.0169%. This is the percent change in the value of RAYD over the most recent 1-month period. The 3-month return on RAYD is 0.0313%. This is the percent change in the value of RAYD over the most recent 3-month period.

The standard deviation of RAYD for the past year is 0.2089%. 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 RAYD include ACIO, DEF, and BUYW.

ETFs correlated to RAYD include EQL, AVUS, and URTH.

ETFs that are inversely correlated to RAYD include SPDN, SDS, and SPXS.

Disclaimers

*

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.