JDOC vs RAYD
JPMorgan Healthcare Leaders ETF vs Rayliant Quantitative Developed Market Equity ETF
Which is better, JDOC or RAYD?
RAYD has been ahead.
JDOC has a lower expense ratio. RAYD led over 1Y and the full window. RAYD is less concentrated, with 33.7% of the fund in its ten largest positions against 46.6%.
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 | JDOC | RAYD |
|---|---|---|
| Expense Ratio | 0.65%Best | 0.80% |
| AUM | $9M | $57M |
| Dividend Yield | 0.82% | 0.82% |
| Holdings | 64 | 117 |
| Volatility (annualized) | 14.4% | 9.7%Best |
| Max Drawdown | -20.4% | -16.2%Best |
| $10,000 over 2.1 years | $12,597 | $16,876Best |
| Top 10 Weight | 46.6% | 33.7%Best |
| Fund Family | J.P. Morgan Asset Management | The Advisors Inner Circle Fund |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 1, 2023 | Dec 15, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 297 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. JDOC has data through Oct 12, 2026 and RAYD through Dec 19, 2025.
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Nov 2, 2023 to Dec 19, 2025 (2.1 years).
Risk: Volatility and Drawdowns
JDOC has been the more volatile fund, with annualized monthly volatility of 14.4% compared with 9.7% for RAYD. 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 -20.4% for JDOC and -16.2% for RAYD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.31. They move together some of the time, and apart the rest.
Fees and Cost Over Time
JDOC charges 0.65% per year while RAYD charges 0.80%. On a $10,000 position that is $65 vs $80 annually, a gap of $15 per year that compounds over a long holding period. On income, JDOC currently yields 0.82% against 0.82% for RAYD.
Holdings Overlap
14.7% of JDOC's money is in holdings RAYD also owns. 3.7% of RAYD's money is in holdings JDOC also owns.
JDOC and RAYD share little of their money.
The two holdings books were reported 350 days apart, JDOC as of Sep 15, 2026 and RAYD as of Sep 30, 2025, so some of the difference between them is the time between the two reports rather than the funds.
4 positions in common, counted across the 56 positions we hold weights for in JDOC and 104 in RAYD, against full books of 64 and 117.
What only one of them owns
Our book lists 55 positions for RAYD that do not appear in our book for JDOC (71.9% of the fund), and 37 for JDOC that do not appear in RAYD (57.1%).
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 JDOC and RAYD 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, JDOC or RAYD?
JDOC has an expense ratio of 0.65% while RAYD charges 0.80%. JDOC is the cheaper option, by $15 a year on a $10,000 investment.
Which is riskier, JDOC or RAYD?
JDOC has been the more volatile fund at 14.4% annualized versus 9.7% for RAYD. Worst drawdown: JDOC -20.4% vs RAYD -16.2%.
Should I hold both JDOC and RAYD?
JDOC and RAYD have a monthly-return correlation of 0.31, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between JDOC and RAYD?
14.7% of JDOC's money is in holdings RAYD also owns. 3.7% of RAYD's is in holdings JDOC also owns. They hold 4 positions in common, counted across the 56 positions we hold weights for in JDOC and 104 in RAYD.
Which pays a higher dividend, JDOC or RAYD?
JDOC yields 0.82% while RAYD yields 0.82%, so JDOC currently pays the higher dividend yield.
Is RAYD better than JDOC?
JDOC has a lower expense ratio. RAYD led over 1Y and the full window. RAYD is less concentrated, with 33.7% of the fund in its ten largest positions against 46.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.