NBJPvsRAYJETF Comparison
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Neuberger Berman Japan Equity ETF (NBJP) and Rayliant SMDAM Japan Equity ETF (RAYJ) belong to the same industry segment: Japan Blended Cap. NBJP's top 3 sector exposures are Technology, Industrials and Finance. In contrast, RAYJ's top sector exposures are Technology, Industrials and Non-Energy Materials. NBJP is more expensive with a Total Expense Ratio (TER) of 1.92%, versus 1.75% for RAYJ. NBJP is up 11.92% year-to-date (YTD) with +$64M in YTD flows. RAYJ performs better with 16.79% YTD performance, and +$5M in YTD flows. Run a side-by-side ETF comparison of NBJP and RAYJ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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NBJP vs RAYJ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NBJP RAYJ | -6.53%-5.55% | -0.17%-0.82% | +11.92%+16.79% | +26.14%+22.76% | n/an/a | n/an/a |
| Flows | NBJP RAYJ | -$5M+$132K | -$4M-$1M | +$64M+$5M | +$81M+$6M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NBJP RAYJ | +26.42%+29.48% | +22.81%+25.02% | n/an/a | n/an/a |
| Max drawdown | NBJP RAYJ | -10.85%-12.89% | -14.65%-15.52% | n/an/a | n/an/a |
| Max drawdown duration | NBJP RAYJ | 36d36d | 71d66d | n/an/a | n/an/a |
Trading data
NBJP | RAYJ | |
Last sale 7/29/2026 at 1:30 PM | $33.92 | $37.44 |
| Previous close 07/28/2026 | $34.52 | $37.44 |
| Consolidated volume 07/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/29/2026 at 1:30 PM
Live
Closed
NBJP | RAYJ | |
|---|---|---|
| Last price | $33.92 | $37.44 |
| 1D performance | -1.73% | +0.00% |
| AuM | $125.62 M | $24.35 M |
| E/R | 1.92% | 1.75% |
Characteristics
NBJP | RAYJ | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Neuberger Berman | Rayliant Asset Management |
| Benchmark | - | - |
| N° of holdings | 60 | 31 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 12, 2024 | April 4, 2024 |
| ESG | No | No |
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Exposure
Countries
NBJP
Japan
96.66%
Other
3.34%
RAYJ
Japan
97.32%
Other
2.68%
Sectors
NBJP
Technology
25.41%
Industrials
24.7%
Finance
19.81%
Consumer Cyclical.
12.3%
Other
17.77%
RAYJ
Technology
28.25%
Industrials
23.82%
Non-Energy Materi.
12.51%
Consumer Cyclical.
11.28%
Finance
10.76%
Other
13.39%
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Diversification
NBJP
Total weight of top 15 holdings out of 15
47.16%
RAYJ
Total weight of top 15 holdings out of 15
81.46%
Top 15 holdings
Data as of June 30, 2026
NBJP
Tokyo Electron Ltd.
4.78%
Mizuho Financial Group, Inc.
4.01%
Sumitomo Electric Industries Ltd.
4.00%
Tokio Marine Holdings, Inc.
3.93%
IBIDEN Co., Ltd.
3.81%
Niterra Co., Ltd.
3.57%
Kioxia Holdings Corp.
3.17%
Ebara Corp.
3.03%
AMADA Co., Ltd.
2.81%
Kinden Corp.
2.64%
Resona Holdings, Inc.
2.48%
Sumitomo Realty & Development Co., Ltd.
2.47%
FANUC Corp.
2.42%
Murata Manufacturing Co. Ltd.
2.04%
TDK Corp.
2.00%
RAYJ
Kioxia Holdings Corp.
11.81%
Mitsubishi UFJ Financial Group, Inc.
9.39%
Resonac Holdings Corp.
8.44%
FOOD & LIFE COMPANIES LTD.
6.08%
Ebara Corp.
6.05%
Fast Retailing Co., Ltd.
6.03%
Daifuku Co., Ltd.
5.67%
ASICS Corp.
5.15%
Kawasaki Heavy Industries Ltd.
4.87%
Chugai Pharmaceutical Co., Ltd.
3.41%
NEC Corp.
3.16%
Fujikura Ltd.
3.09%
Recruit Holdings Co., Ltd.
3.01%
Seiren Co., Ltd.
2.73%
MARUWA CO., LTD.
2.59%
Frequently asked questions about NBJP and RAYJ
How have the NBJP and RAYJ ETFs performed in 2026?
As of July 28, 2026, NBJP is up 11.92% year-to-date (YTD), while RAYJ has returned 16.79%. That puts RAYJ better performer ahead so far this year.
Which ETF is attracting more investor money: NBJP or RAYJ?
Year-to-date, the NBJP ETF saw +$64M in flows, compared to +$5M for RAYJ.
Which ETF is more volatile: NBJP or RAYJ?
Over the past year, NBJP had a volatility of 22.81%, while RAYJ experienced 25.02%.
Which ETF is bigger: NBJP or RAYJ?
As of July 28, 2026, NBJP holds $125.62 M in assets under management (AUM), while RAYJ manages $24.35 M.
What sectors do the NBJP and RAYJ ETFs invest in?
NBJP leans toward sectors like Technology, Industrials and Finance. Meanwhile, RAYJ focuses on Technology, Industrials and Non-Energy Materials.
What are the top holdings of the NBJP ETF and RAYJ ETF?
NBJP top holdings include Tokyo Electron Ltd., Mizuho Financial Group, Inc. and Sumitomo Electric Industries Ltd.. RAYJ holds in its top three: Kioxia Holdings Corp., Mitsubishi UFJ Financial Group, Inc. and Resonac Holdings Corp..
Which ETF is more diversified: NBJP or RAYJ?
NBJP holds 60 securities with 47.16% of its assets in the top 15. RAYJ has 31 securities and a top 15 weight of 81.46%.
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Latest news about NBJP & RAYJ
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