IVV vs RAYE
iShares Core S&P 500 ETF vs Rayliant Quantamental Emerging Market ex-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 | RAYE | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.88% | |
| AUM | $865.2B | $37M | |
| Dividend Yield | 1.09% | 2.93% | |
| Holdings | 508 | 119 | |
| YTD Return | +13.80% | +22.31% | |
| 1Y Return | +23.70% | +16.38% | |
| 3Y Return (annualized) | +21.49% | +15.15% | |
| 5Y Return (annualized) | +13.43% | - | |
| Volatility (annualized) | 15.1% | 15.7% | |
| Max Drawdown | -56.5% | -26.9% | |
| Fund Family | iShares by BlackRock (US) | The Advisors Inner Circle Fund | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 15, 2021 |
IVV vs RAYE Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Rayliant Quantamental Emerging Market ex-China Equity ETF (RAYE) is a ETF from The Advisors Inner Circle Fund. Over the past year IVV returned +23.70% while RAYE returned +16.38%. Year to date, IVV is up 13.80% versus a gain of 22.31% for RAYE.
Over three years, IVV compounded at +21.49% per year against +15.15% for RAYE. Across the full 4-year window we track, IVV has the edge at +7.05% annualized vs +5.35%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RAYE has been the more volatile fund, with annualized monthly volatility of 15.7% 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 -26.9% for RAYE. 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while RAYE charges 0.88%. On a $10,000 position that is $3 vs $88 annually, a gap of $85 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 2.93% for RAYE.
Holdings Overlap
IVV and RAYE share 0 holdings out of 603 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 RAYE?
IVV has an expense ratio of 0.03% while RAYE charges 0.88%. IVV is the cheaper option. On a $10,000 investment, that is $85 per year of difference.
Which performed better, IVV or RAYE?
Over the past year IVV returned +23.70% vs +16.38% for RAYE, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +7.05% vs +5.35% for RAYE. Past performance does not guarantee future results.
Which is riskier, IVV or RAYE?
RAYE has been the more volatile fund at 15.7% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs RAYE -26.9%.
Should I hold both IVV and RAYE?
IVV and RAYE have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and RAYE?
IVV and RAYE share 0 common holdings with a 0.0% weight overlap. Combined, they hold 603 unique securities.
Which pays a higher dividend, IVV or RAYE?
IVV yields 1.09% while RAYE yields 2.93%, so RAYE currently pays the higher dividend yield.
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