RAYE vs SCHD
Rayliant Quantamental Emerging Market ex-China Equity ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | RAYE | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.88% | 0.06% | |
| AUM | $37M | $103.7B | |
| Dividend Yield | 2.93% | 3.31% | |
| Holdings | 119 | 104 | |
| YTD Return | +22.31% | +24.26% | |
| 1Y Return | +16.38% | +31.38% | |
| 3Y Return (annualized) | +15.15% | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 15.7% | 13.6% | |
| Max Drawdown | -26.9% | -33.4% | |
| Fund Family | The Advisors Inner Circle Fund | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Dec 15, 2021 | Oct 20, 2011 |
RAYE vs SCHD Performance
Rayliant Quantamental Emerging Market ex-China Equity ETF (RAYE) 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 RAYE returned +16.38% while SCHD returned +31.38%. Year to date, RAYE is up 22.31% versus a gain of 24.26% for SCHD.
Over three years, RAYE compounded at +15.15% per year against +15.08% for SCHD. Across the full 4-year window we track, SCHD has the edge at +11.39% annualized vs +5.35%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RAYE has been the more volatile fund, with annualized monthly volatility of 15.7% 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 -26.9% for RAYE 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RAYE charges 0.88% per year while SCHD charges 0.06%. On a $10,000 position that is $88 vs $6 annually, a gap of $82 per year that compounds over a long holding period. On income, RAYE currently yields 2.93% against 3.31% for SCHD.
Holdings Overlap
RAYE and SCHD share 0 holdings out of 198 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, RAYE or SCHD?
RAYE has an expense ratio of 0.88% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $82 per year of difference.
Which performed better, RAYE or SCHD?
Over the past year RAYE returned +16.38% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), RAYE annualized +5.35% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, RAYE or SCHD?
RAYE has been the more volatile fund at 15.7% annualized versus 13.6% for SCHD. Worst drawdown: RAYE -26.9% vs SCHD -33.4%.
Should I hold both RAYE and SCHD?
RAYE and SCHD have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RAYE and SCHD?
RAYE and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 198 unique securities.
Which pays a higher dividend, RAYE or SCHD?
RAYE yields 2.93% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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