RAYC Performance — Rayliant Quantamental China Equity ETF
Data updated: 2025-12-12
RAYC returned +19.25% over one year to Sep 2025. Annualised returns are +4.72% over 3 years and −3.79% over 5 years. The fund trailed its China Equity category average: $100 invested three years ago grew to $115, against $147 for the category, and to $119 over one year, against $126. Volatility over the past three years was 22.74% a year. In the 12 months to Sep 2025 the fund lost a net $19.9M, and assets reached $21.71M.
RAYC Growth of $100
What $100 invested in Rayliant Quantamental China Equity ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the China Equity category average over the same months.
| Period | RAYC | Category average |
|---|---|---|
| 1 year (Oct 2024 – Sep 2025) | $119 | $126 |
| 3 years (Oct 2022 – Sep 2025) | $115 | $147 |
| 5 years (Oct 2020 – Sep 2025) | $82 | $108 |
RAYC Trailing Returns
Total returns to Sep 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +19.25% |
| 3 years (annualised) | +4.72% |
| 5 years (annualised) | −3.79% |
RAYC Annual Returns
Calendar-year total returns of Rayliant Quantamental China Equity ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Sep) | +30.23% |
| 2024 | +14.96% |
| 2023 | −21.75% |
| 2022 | −31.23% |
| 2021 | +0.65% |
| 2020 (Oct–Dec) | +1.68% |
RAYC Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +2.4% | −0.5% | +0.1% | +3.6% | +4.4% | −3.8% | +2.7% | +13.9% | +4.9% | — | — | — |
| 2024 | +1.0% | +9.6% | −5.1% | −3.2% | −1.8% | +5.0% | +22.6% | −0.8% | −1.5% | +1.4% | −2.5% | −7.4% |
| 2023 | −2.6% | −6.4% | +10.8% | −1.5% | −7.9% | −2.9% | −1.8% | −6.8% | +3.2% | −1.8% | −0.3% | −4.9% |
| 2022 | −5.4% | +2.5% | −8.3% | +11.6% | +0.3% | −12.8% | −10.0% | −1.5% | −8.8% | −2.2% | +10.1% | −9.0% |
| 2021 | −3.7% | −2.3% | +7.5% | −1.6% | +4.4% | +3.7% | −0.7% | +1.5% | −9.7% | +1.8% | −0.8% | +1.7% |
| 2020 | — | — | — | — | — | — | — | — | — | +1.7% | 0.0% | 0.0% |
RAYC Risk
Risk measures from monthly returns over Oct 2022 – Sep 2025.
- 3-year volatility (annualised): 22.74%
- 3-year Sharpe ratio: 0.01 (vs 4.5% risk-free rate)
- Best month: +22.59% (Jul 2024)
- Worst month: −8.99% (Dec 2022)
RAYC Fund Flows
Monthly money in and out of Rayliant Quantamental China Equity ETF, from SEC Form N-PORT.
- 12-month net flow: −$19.9M
- 12-month gross sales (incl. reinvestments): $392K
- Sales ÷ redemptions: 0.02×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Sep 2025 | $392K | $0 | $392K |
| Aug 2025 | $0 | $879K | −$879K |
| Jul 2025 | $0 | $0 | $0 |
| Jun 2025 | $0 | $0 | $0 |
| May 2025 | $0 | $724K | −$724K |
| Apr 2025 | $0 | $0 | $0 |
| Mar 2025 | $0 | $0 | $0 |
| Feb 2025 | $0 | $1.4M | −$1.4M |
| Jan 2025 | $0 | $0 | $0 |
| Dec 2024 | $0 | $1.5M | −$1.5M |
| Nov 2024 | $0 | $760K | −$760K |
| Oct 2024 | $0 | $15.0M | −$15.0M |
RAYC Assets Under Management
Net assets of Rayliant Quantamental China Equity ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-09-30 | $21.71M |
| 2025-06-30 | $18.07M |
| 2025-03-31 | $18.09M |
| 2024-12-31 | $19.16M |
| 2024-09-30 | $40.30M |
| 2024-06-30 | $32.99M |
| 2024-03-31 | $36.42M |
| 2023-12-31 | $37.57M |
| 2023-09-30 | $82.21M |
| 2023-06-30 | $87.06M |
| 2023-03-31 | $98.81M |
| 2022-12-31 | $94.82M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.