RAYD vs VOO
Rayliant Quantitative Developed Market Equity ETF vs Vanguard S&P 500 ETF
Which is better, RAYD or VOO?
RAYD has been ahead.
VOO has a lower expense ratio. RAYD led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94. RAYD is less concentrated, with 33.7% of the fund in its ten largest positions against 37.6%.
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 | RAYD | VOO |
|---|---|---|
| Expense Ratio | 0.80% | 0.03%Best |
| AUM | $57M | $997.4B |
| Dividend Yield | 0.82% | 1.04% |
| Holdings | 117 | 509 |
| Volatility (annualized) | 14.5%Best | 16.0% |
| Max Drawdown | -21.0%Best | -24.5% |
| $10,000 over 4 years | $15,814Best | $15,506 |
| Top 10 Weight | 33.7%Best | 37.6% |
| Fund Family | The Advisors Inner Circle Fund | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 15, 2021 | Sep 7, 2010 |
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 VOO 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
VOO has been the more volatile fund, with annualized monthly volatility of 16.0% 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 -24.5% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
RAYD charges 0.80% per year while VOO charges 0.03%. On a $10,000 position that is $80 vs $3 annually, a gap of $77 per year that compounds over a long holding period. On income, RAYD currently yields 0.82% against 1.04% for VOO.
Holdings Overlap
60.2% of RAYD's money is in holdings VOO also owns. 35.8% of VOO's money is in holdings RAYD also owns.
The two portfolios partly overlap.
The two holdings books were reported 304 days apart, RAYD as of Sep 30, 2025 and VOO as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
42 positions in common, counted across the 104 positions we hold weights for in RAYD and 494 in VOO, against full books of 117 and 509.
What only one of them owns
Our book lists 445 positions for VOO that do not appear in our book for RAYD (63.3% of the fund), and 17 for RAYD that do not appear in VOO (15.4%).
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.
Top Shared Holdings
| Stock | Weight in RAYD | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.42% | 7.55% | 0.13% |
| MSFTMicrosoft Corp | 5.38% | 5.36% | 0.02% |
| AAPLApple, Inc | 2.65% | 7.05% | 4.40% |
| AMZNAmazon.Com Inc | 3.29% | 4.13% | 0.84% |
| GOOGLAlphabet Inc,class A | 3.18% | 3.24% | 0.06% |
| MAMastercard Inc | 2.93% | 0.72% | 2.21% |
| VVisa Inc Class A | 2.06% | 0.93% | 1.13% |
| LRCXLam Research Corp | 2.41% | 0.57% | 1.84% |
| LLYEli Lilly & Company | 1.34% | 1.41% | 0.07% |
| ADBEAdobe Systems | 2.14% | 0.16% | 1.98% |
60.2% of RAYD is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, RAYD or VOO?
RAYD has an expense ratio of 0.80% while VOO charges 0.03%. VOO is the cheaper option, by $77 a year on a $10,000 investment.
Which is riskier, RAYD or VOO?
VOO has been the more volatile fund at 16.0% annualized versus 14.5% for RAYD. Worst drawdown: RAYD -21.0% vs VOO -24.5%.
Should I hold both RAYD and VOO?
RAYD and VOO have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between RAYD and VOO?
60.2% of RAYD's money is in holdings VOO also owns. 35.8% of VOO's is in holdings RAYD also owns. They hold 42 positions in common, counted across the 104 positions we hold weights for in RAYD and 494 in VOO.
Which pays a higher dividend, RAYD or VOO?
RAYD yields 0.82% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than RAYD?
VOO has a lower expense ratio. RAYD led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94. RAYD is less concentrated, with 33.7% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.