RAYC
Rayliant Quantamental China Equity ETF
RAYC is an actively managed portfolio of Chinese stocks selected and weighted based on a combination of quantitative and fundamental, quantamental, proprietary research.
Emerging Market
EQUITY
Active
MANAGEMENT STYLE
$ 17.8 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Fund sponsor | Rayliant Investment Research |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 31, 2020 |
| Assets (mns) | $18 |
| Expense ratio | 80 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Constituent Breakdown
| Number of holdings | 1 |
| Herfindahl-Hirschman Index | 254 |
| Wgt avg mkt cap (mns) | $72,909 |
| Large cap (>$10bn) | 82.3% |
| Mid cap ($2-10bn) | 12.8% |
| Small cap (<$2bn) | 5.0% |
| Developed mkts. | 0.0% |
| Emerging mkts. | 0.0% |
Country Exposure
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 | 28.2% | 28.2% | 18.9% | 1.9% | -6.7% | -- | -- | -6.7% |
| Dividend Yield | 2.6% | 2.6% | 3.6% | 3.6% | 2.5% | -- | -- | 2.5% |
| Total Returns | 30.7% | 30.7% | 22.5% | 5.6% | -4.3% | -- | -- | -4.3% | Ann. Volatility | 19.7% | 19.7% | 26.8% | 24.0% | 23.8% | -- | -- | 23.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.32 | 11% |
| MSCI EAFE | 0.50 | 19% |
| MSCI Emg Mkts | 0.69 | 40% |
Liquidity Measures
| Avg. volume (000) | 3 |
| ADV traded (mns) | $0 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.29% |
Technical Indicators
| 30d moving avg. (EMA) | $17.98 |
| Relative strength (RSI) | 56 |
| MACD/Signal | 0.02/0.02 |
| Bollinger Bands (Upper/Lower) | $18.14/$17.85 |
| Short interest (% of AUM) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. RAYC |
Expenses vs. RAYC |
ALTAR Score™ vs. RAYC |
|---|
Risk and Returns: RAYC 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 | ||
|---|---|---|---|---|---|---|---|---|
| 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 | ||
| 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 1/17/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
RAYC
7.6%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 145 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
2.4%. RAYC's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places RAYC in the 47th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RAYCSELL
U/W
HOLD
O/W
BUY