IQRA vs RAYD
NYLI CBRE Real Assets ETF vs Rayliant Quantitative Developed Market Equity ETF
Which is better, IQRA or RAYD?
RAYD has been ahead.
IQRA has a lower expense ratio. RAYD led over 1Y and the full window. IQRA is less concentrated, with 29.1% of the fund in its ten largest positions against 33.7%.
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 | IQRA | RAYD |
|---|---|---|
| Expense Ratio | 0.65%Best | 0.80% |
| AUM | $7M | $57M |
| Dividend Yield | 2.65% | 0.82% |
| Holdings | 107 | 117 |
| Volatility (annualized) | 13.3% | 10.7%Best |
| Max Drawdown | -15.7%Best | -16.2% |
| $10,000 over 2.6 years | $12,051 | $17,155Best |
| Top 10 Weight | 29.1%Best | 33.7% |
| Fund Family | IndexIQ Trust | The Advisors Inner Circle Fund |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 10, 2023 | Dec 15, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 251 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. IQRA has data through Aug 27, 2026 and RAYD through Dec 19, 2025.
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: May 10, 2023 to Dec 19, 2025 (2.6 years).
Risk: Volatility and Drawdowns
IQRA has been the more volatile fund, with annualized monthly volatility of 13.3% compared with 10.7% 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 -15.7% for IQRA and -16.2% for RAYD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IQRA charges 0.65% per year while RAYD charges 0.80%. On a $10,000 position that is $65 vs $80 annually, a gap of $15 per year that compounds over a long holding period. On income, IQRA currently yields 2.65% against 0.82% for RAYD.
Holdings Overlap
1.0% of IQRA's money is in holdings RAYD also owns. 0.3% of RAYD's money is in holdings IQRA also owns.
IQRA and RAYD share little of their money.
The two holdings books were reported 273 days apart, IQRA as of Jun 30, 2026 and RAYD as of Sep 30, 2025, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 102 positions we hold weights for in IQRA and 104 in RAYD, against full books of 107 and 117.
What only one of them owns
Our book lists 58 positions for RAYD that do not appear in our book for IQRA (75.2% of the fund), and 50 for IQRA that do not appear in RAYD (62.4%).
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 IQRA | Weight in RAYD | Difference |
|---|---|---|---|
| DGDollar General Corp. | 1.01% | 0.34% | 0.67% |
You are not choosing between two funds in isolation.
Whichever of IQRA and RAYD 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, IQRA or RAYD?
IQRA has an expense ratio of 0.65% while RAYD charges 0.80%. IQRA is the cheaper option, by $15 a year on a $10,000 investment.
Which is riskier, IQRA or RAYD?
IQRA has been the more volatile fund at 13.3% annualized versus 10.7% for RAYD. Worst drawdown: IQRA -15.7% vs RAYD -16.2%.
Should I hold both IQRA and RAYD?
IQRA and RAYD have a monthly-return correlation of 0.67, 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 IQRA and RAYD?
1.0% of IQRA's money is in holdings RAYD also owns. 0.3% of RAYD's is in holdings IQRA also owns. They hold 1 positions in common, counted across the 102 positions we hold weights for in IQRA and 104 in RAYD.
Which pays a higher dividend, IQRA or RAYD?
IQRA yields 2.65% while RAYD yields 0.82%, so IQRA currently pays the higher dividend yield.
Is RAYD better than IQRA?
IQRA has a lower expense ratio. RAYD led over 1Y and the full window. IQRA is less concentrated, with 29.1% of the fund in its ten largest positions against 33.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.