RAYD
Rayliant Quantitative Developed Market Equity ETF
RAYD is an actively managed portfolio of developed market equities that are selected and weighted with the aid of quantitative data models.
International
EQUITY
Active
MANAGEMENT STYLE
$ 95.0 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Inception date | Dec 16, 2021 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| APPLE INC | 8.7 % |
| NVIDIA CORP | 6.7 % |
| ALPHABET INC. CLASS A | 4.6 % |
| ALPHABET INC. CLASS C | 4.1 % |
| MICROSOFT CORP | 3.0 % |
| AMAZON.COM INC | 2.7 % |
| LAM RESEARCH CORP | 2.6 % |
| MASTERCARD INCORPORATED CLASS A | 2.5 % |
| MICRON TECHNOLOGY INC | 2.2 % |
| ALTRIA GROUP INC | 2.2 % |
Constituent Breakdown
| Number of holdings | 114 |
| Herfindahl-Hirschman Index | 260 |
| Wgt avg mkt cap (mns) | $1,238,252 |
| Large cap (>$10bn) | 97.7% |
| Mid cap ($2-10bn) | 0.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.1% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 98.6 % |
 |
SWITZERLAND | 0.7 % |
Historical Performance
Standardized Performance (as of 12/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 5.0% | 5.0% | 15.6% | 14.6% | -- | -- | -- | 7.2% |
| Dividend Yield | 0.0% | 0.0% | 0.6% | 1.0% | -- | -- | -- | 1.1% |
| Total Returns | 5.0% | 5.0% | 16.2% | 15.6% | -- | -- | -- | 8.3% | Ann. Volatility | 23.1% | 23.1% | 18.3% | 16.8% | -- | -- | -- | 17.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.87 | 18% |
| MSCI EAFE | 0.55 | 8% |
| MSCI Emg Mkts | 0.54 | 11% |
Liquidity Measures
| Avg. volume (000) | 0 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 8.60% |
Technical Indicators
| 30d moving avg. (EMA) | $37.46 |
| Relative strength (RSI) | 34 |
| MACD/Signal | -0.22/0.06 |
| Bollinger Bands (Upper/Lower) | $39.84/$35.30 |
| Short interest (% of AUM) | 0.1% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. RAYD |
Expenses vs. RAYD |
ALTAR Score™ vs. RAYD |
|---|---|---|---|---|
| GQQQ | Astoria US Quality Growth Kings ETF | 51.5% | -45 bp | -0.7% |
| FELC | Fidelity Enhanced Large Cap Core ETF | 51.0% | -62 bp | +0.3% |
| QLC | FlexShares US Quality Large Cap Index Fund | 50.3% | -55 bp | +0.5% |
| FELG | Fidelity Enhanced Large Cap Growth ETF | 49.7% | -62 bp | -0.5% |
| GQI | Natixis Gateway Quality Income ETF | 49.3% | -46 bp | +0.7% |
| LGDX | Intech S&P Large Cap Diversified Alpha ETF | 49.0% | -55 bp | +0.3% |
| MGC | Vanguard Mega Cap ETF | 48.6% | -73 bp | -0.3% |
| AAEQ | Alpha Architect US Equity 2 ETF | 48.4% | -65 bp | -0.1% |
| OEF | iShares S&P 100 ETF | 48.3% | -60 bp | -0.4% |
| AIEQ | AI Powered Equity ETF | 48.2% | -5 bp | -0.5% |
Risk and Returns: RAYD vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
4.6%
ALTAR SCORE™
17th
PERCENTILE
AVOID
ETFRC RATING
There are 415 funds in the International Equity category with an average
ALTAR Score™ of 6.1% and a standard deviation
of 1.6%. RAYD's ALTAR Score™ is approximately -1.0 standard
deviations above the category average. This places RAYD in the 17th percentile
among funds in the category.
Sell-Side Consensus
$38.83
PRICE TARGET
+10.5%
UPSIDE
Bid/Ask Spreads
860 bp
AVG SPREAD
92 —
2,815 bp
RANGE