IVV vs RAYC
IVV vs RAYC
iShares Core S&P 500 ETF vs Rayliant Quantamental China Equity ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | RAYC | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.80% | |
| AUM | $865.2B | $82M | |
| Dividend Yield | 1.09% | 5.19% | |
| Holdings | 508 | 76 | |
| YTD Return | +13.80% | +31.98% | |
| 1Y Return | +23.70% | +22.93% | |
| 3Y Return (annualized) | +21.49% | +2.77% | |
| 5Y Return (annualized) | +13.43% | -5.51% | |
| Volatility (annualized) | 15.1% | 22.0% | |
| Max Drawdown | -56.5% | -57.6% | |
| Fund Family | iShares by BlackRock (US) | The Advisors Inner Circle Fund | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 30, 2020 |
IVV vs RAYC Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Rayliant Quantamental China Equity ETF (RAYC) is a ETF from The Advisors Inner Circle Fund. Over the past year IVV returned +23.70% while RAYC returned +22.93%. Year to date, IVV is up 13.80% versus a gain of 31.98% for RAYC.
Over three years, IVV compounded at +21.49% per year against +2.77% for RAYC; over five years the annualized figures are +13.43% and -5.51% respectively. Across the full 5-year window we track, IVV has the edge at +7.05% annualized vs -5.51%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RAYC has been the more volatile fund, with annualized monthly volatility of 22.0% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -57.6% for RAYC. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.18. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while RAYC charges 0.80%. On a $10,000 position that is $3 vs $80 annually, a gap of $77 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 5.19% for RAYC.
Holdings Overlap
IVV and RAYC share 0 holdings out of 577 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or RAYC?
IVV has an expense ratio of 0.03% while RAYC charges 0.80%. IVV is the cheaper option. On a $10,000 investment, that is $77 per year of difference.
Which performed better, IVV or RAYC?
Over the past year IVV returned +23.70% vs +22.93% for RAYC, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.05% vs -5.51% for RAYC. Past performance does not guarantee future results.
Which is riskier, IVV or RAYC?
RAYC has been the more volatile fund at 22.0% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs RAYC -57.6%.
Should I hold both IVV and RAYC?
IVV and RAYC have a monthly-return correlation of 0.18, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and RAYC?
IVV and RAYC share 0 common holdings with a 0.0% weight overlap. Combined, they hold 577 unique securities.
Which pays a higher dividend, IVV or RAYC?
IVV yields 1.09% while RAYC yields 5.19%, so RAYC currently pays the higher dividend yield.
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