RAYD vs SCHD
Rayliant Quantitative Developed Market Equity ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. RAYD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | RAYD | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.80% | 0.06% | |
| AUM | $57M | $103.7B | |
| Dividend Yield | 0.82% | 3.31% | |
| Holdings | 117 | 104 | |
| YTD Return | +21.80% | +24.26% | |
| 1Y Return | +19.90% | +31.38% | |
| 3Y Return (annualized) | +21.04% | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 14.5% | 13.6% | |
| Max Drawdown | -21.0% | -33.4% | |
| Fund Family | The Advisors Inner Circle Fund | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Dec 15, 2021 | Oct 20, 2011 |
RAYD vs SCHD Performance
Rayliant Quantitative Developed Market Equity ETF (RAYD) is a ETF from The Advisors Inner Circle Fund and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year RAYD returned +19.90% while SCHD returned +31.38%. Year to date, RAYD is up 21.80% versus a gain of 24.26% for SCHD.
Over three years, RAYD compounded at +21.04% per year against +15.08% for SCHD. Across the full 4-year window we track, RAYD has the edge at +12.14% annualized vs +11.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RAYD has been the more volatile fund, with annualized monthly volatility of 14.5% compared with 13.6% for SCHD. 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 -21.0% for RAYD and -33.4% for SCHD. 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RAYD charges 0.80% per year while SCHD charges 0.06%. On a $10,000 position that is $80 vs $6 annually, a gap of $74 per year that compounds over a long holding period. On income, RAYD currently yields 0.82% against 3.31% for SCHD.
Holdings Overlap
RAYD and SCHD share 5 holdings out of 199 unique holdings combined, representing a 4.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RAYD or SCHD?
RAYD has an expense ratio of 0.80% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $74 per year of difference.
Which performed better, RAYD or SCHD?
Over the past year RAYD returned +19.90% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), RAYD annualized +12.14% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, RAYD or SCHD?
RAYD has been the more volatile fund at 14.5% annualized versus 13.6% for SCHD. Worst drawdown: RAYD -21.0% vs SCHD -33.4%.
Should I hold both RAYD and SCHD?
RAYD and SCHD have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RAYD and SCHD?
RAYD and SCHD share 5 common holdings with a 4.7% weight overlap. Combined, they hold 199 unique securities.
Which pays a higher dividend, RAYD or SCHD?
RAYD yields 0.82% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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