RAYD vs SCHD
Rayliant Quantitative Developed Market Equity ETF vs Schwab US Dividend Equity ETF
Which is better, RAYD or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. RAYD led over the full window, SCHD over 1Y. RAYD is less concentrated, with 33.7% of the fund in its ten largest positions against 41.8%.
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 | RAYD | SCHD |
|---|---|---|
| Expense Ratio | 0.80% | 0.06%Best |
| AUM | $57M | $112.1B |
| Dividend Yield | 0.82% | 3.00% |
| Holdings | 117 | 103 |
| Volatility (annualized) | 14.5%Best | 14.7% |
| Max Drawdown | -21.0% | -16.9%Best |
| $10,000 over 4 years | $15,814Best | $11,980 |
| Top 10 Weight | 33.7%Best | 41.8% |
| Fund Family | The Advisors Inner Circle Fund | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Dec 15, 2021 | Oct 20, 2011 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 273 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. RAYD has data through Dec 19, 2025 and SCHD through Sep 18, 2026.
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Dec 16, 2021 to Dec 19, 2025 (4 years).
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 14.7% compared with 14.5% 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 -21.0% for RAYD and -16.9% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 3.00% for SCHD.
Holdings Overlap
5.2% of RAYD's money is in holdings SCHD also owns. 10.6% of SCHD's money is in holdings RAYD also owns.
SCHD and RAYD share little of their money.
The two holdings books were reported 335 days apart, RAYD as of Sep 30, 2025 and SCHD as of Aug 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
5 positions in common, counted across the 104 positions we hold weights for in RAYD and 100 in SCHD, against full books of 117 and 103.
What only one of them owns
Our book lists 94 positions for SCHD that do not appear in our book for RAYD (89.3% of the fund), and 54 for RAYD that do not appear in SCHD (70.4%).
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 RAYD and SCHD 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, RAYD or SCHD?
RAYD has an expense ratio of 0.80% while SCHD charges 0.06%. SCHD is the cheaper option, by $74 a year on a $10,000 investment.
Which is riskier, RAYD or SCHD?
SCHD has been the more volatile fund at 14.7% annualized versus 14.5% for RAYD. Worst drawdown: RAYD -21.0% vs SCHD -16.9%.
Should I hold both RAYD and SCHD?
RAYD and SCHD have a monthly-return correlation of 0.79, 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 RAYD and SCHD?
10.6% of SCHD's money is in holdings RAYD also owns. 10.6% of SCHD's is in holdings RAYD also owns. They hold 5 positions in common, counted across the 104 positions we hold weights for in RAYD and 100 in SCHD.
Which pays a higher dividend, RAYD or SCHD?
RAYD yields 0.82% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than RAYD?
SCHD has a lower expense ratio. RAYD led over the full window, SCHD over 1Y. RAYD is less concentrated, with 33.7% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.