RAYD vs REIX
Rayliant Quantitative Developed Market Equity ETF vs NYLIM CBRE Real Estate & Infrastructure ETF
Which is better, RAYD or REIX?
RAYD has been ahead.
REIX has a lower expense ratio. RAYD led over 1Y and the full window. REIX is less concentrated, with 26.6% 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 | RAYD | REIX |
|---|---|---|
| Expense Ratio | 0.80% | 0.45%Best |
| AUM | $57M | $7M |
| Dividend Yield | 0.82% | 2.82% |
| Holdings | 117 | 109 |
| Volatility (annualized) | 10.7%Best | 13.3% |
| Max Drawdown | -16.2% | -15.7%Best |
| $10,000 over 2.6 years | $17,155Best | $12,051 |
| Top 10 Weight | 33.7% | 26.6%Best |
| Fund Family | The Advisors Inner Circle Fund | IndexIQ Trust |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 15, 2021 | May 10, 2023 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 299 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 REIX through Oct 14, 2026.
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
REIX 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 -16.2% for RAYD and -15.7% for REIX. 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
RAYD charges 0.80% per year while REIX charges 0.45%. On a $10,000 position that is $80 vs $45 annually, a gap of $35 per year that compounds over a long holding period. On income, RAYD currently yields 0.82% against 2.82% for REIX.
Holdings Overlap
0.3% of RAYD's money is in holdings REIX also owns. 0.9% of REIX's money is in holdings RAYD also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
The two holdings books were reported 350 days apart, RAYD as of Sep 30, 2025 and REIX as of Sep 15, 2026, 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 104 positions we hold weights for in RAYD and 107 in REIX, against full books of 117 and 109.
What only one of them owns
Our book lists 53 positions for REIX that do not appear in our book for RAYD (61.8% of the fund), and 58 for RAYD that do not appear in REIX (75.2%).
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 REIX | Difference |
|---|---|---|---|
| DGDollar General Corp. | 0.34% | 0.93% | 0.59% |
You are not choosing between two funds in isolation.
Whichever of RAYD and REIX 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 REIX?
RAYD has an expense ratio of 0.80% while REIX charges 0.45%. REIX is the cheaper option, by $35 a year on a $10,000 investment.
Which is riskier, RAYD or REIX?
REIX has been the more volatile fund at 13.3% annualized versus 10.7% for RAYD. Worst drawdown: RAYD -16.2% vs REIX -15.7%.
Should I hold both RAYD and REIX?
RAYD and REIX 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.
Which pays a higher dividend, RAYD or REIX?
RAYD yields 0.82% while REIX yields 2.82%, so REIX currently pays the higher dividend yield.
Is REIX better than RAYD?
REIX has a lower expense ratio. RAYD led over 1Y and the full window. REIX is less concentrated, with 26.6% 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.