IVV vs RAYC
iShares Core S&P 500 ETF vs Rayliant Quantamental China Equity ETF
Which is better, IVV or RAYC?
Large Cap Blend against All Cap Blend.
IVV has a lower expense ratio. IVV led over the full window, RAYC over 1Y. RAYC is less concentrated, with 32.8% of the fund in its ten largest positions against 37.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | RAYC |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.80% |
| AUM | $876.4B | $82M |
| Dividend Yield | 1.06% | 5.19% |
| Holdings | 508 | 76 |
| Volatility (annualized) | 15.3%Best | 22.0% |
| Max Drawdown | -24.5%Best | -57.6% |
| $10,000 over 4.9 years | $19,557Best | $7,575 |
| Top 10 Weight | 37.8% | 32.8%Best |
| Fund Family | iShares by BlackRock (US) | The Advisors Inner Circle Fund |
| Category | Equity | Equity |
| Style | Large Cap Blend | All Cap Blend |
| Inception | May 15, 2000 | Dec 30, 2020 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 294 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. IVV has data through Sep 18, 2026 and RAYC through Nov 28, 2025.
Volatility and max drawdown, and the $10,000 over 4.9 years row, are measured over the window both funds cover: Dec 31, 2020 to Nov 28, 2025 (4.9 years).
Risk: Volatility and Drawdowns
RAYC has been the more volatile fund, with annualized monthly volatility of 22.0% compared with 15.3% 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 -24.5% for IVV and -57.6% for RAYC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.18. They move largely independently of each other.
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 1.06% against 5.19% for RAYC.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 72 in RAYC, totalling 99.3% and 96.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 335 days apart, IVV as of Aug 31, 2026 and RAYC as of Sep 30, 2025, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 72 in RAYC, against full books of 508 and 76.
What only one of them owns
Our book lists 0 positions for RAYC that do not appear in our book for IVV (0.0% of the fund), and 482 for IVV that do not appear in RAYC (98.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of IVV and RAYC you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $77 a year on a $10,000 investment.
Which is riskier, IVV or RAYC?
RAYC has been the more volatile fund at 22.0% annualized versus 15.3% for IVV. Worst drawdown: IVV -24.5% vs RAYC -57.6%.
Should I hold both IVV and RAYC?
IVV and RAYC have a monthly-return correlation of 0.18, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or RAYC?
IVV yields 1.06% while RAYC yields 5.19%, so RAYC currently pays the higher dividend yield.
Is RAYC better than IVV?
IVV has a lower expense ratio. IVV led over the full window, RAYC over 1Y. RAYC is less concentrated, with 32.8% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.