QQQ vs RAYC
Invesco QQQ Trust, Series 1 vs Rayliant Quantamental China Equity ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | QQQ | RAYC | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.80% | |
| AUM | $455.8B | $82M | |
| Dividend Yield | 0.41% | 5.19% | |
| Holdings | 108 | 76 | |
| YTD Return | +18.20% | +31.98% | |
| 1Y Return | +27.63% | +22.93% | |
| 3Y Return (annualized) | +25.54% | +2.77% | |
| 5Y Return (annualized) | +15.12% | -5.51% | |
| Volatility (annualized) | 30.6% | 22.0% | |
| Max Drawdown | -83.0% | -57.6% | |
| Fund Family | Invesco (US) | The Advisors Inner Circle Fund | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Dec 30, 2020 |
QQQ vs RAYC Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Rayliant Quantamental China Equity ETF (RAYC) is a ETF from The Advisors Inner Circle Fund. Over the past year QQQ returned +27.63% while RAYC returned +22.93%. Year to date, QQQ is up 18.20% versus a gain of 31.98% for RAYC.
Over three years, QQQ compounded at +25.54% per year against +2.77% for RAYC; over five years the annualized figures are +15.12% and -5.51% respectively. Across the full 5-year window we track, QQQ has the edge at +13.11% annualized vs -5.51%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 22.0% for RAYC. 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 -83.0% for QQQ 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 0.17. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while RAYC charges 0.80%. On a $10,000 position that is $18 vs $80 annually, a gap of $62 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 5.19% for RAYC.
Holdings Overlap
QQQ and RAYC share 0 holdings out of 175 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, QQQ or RAYC?
QQQ has an expense ratio of 0.18% while RAYC charges 0.80%. QQQ is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, QQQ or RAYC?
Over the past year QQQ returned +27.63% vs +22.93% for RAYC, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), QQQ annualized +13.11% vs -5.51% for RAYC. Past performance does not guarantee future results.
Which is riskier, QQQ or RAYC?
QQQ has been the more volatile fund at 30.6% annualized versus 22.0% for RAYC. Worst drawdown: QQQ -83.0% vs RAYC -57.6%.
Should I hold both QQQ and RAYC?
QQQ and RAYC have a monthly-return correlation of 0.17, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and RAYC?
QQQ and RAYC share 0 common holdings with a 0.0% weight overlap. Combined, they hold 175 unique securities.
Which pays a higher dividend, QQQ or RAYC?
QQQ yields 0.41% while RAYC yields 5.19%, so RAYC currently pays the higher dividend yield.
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