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NBJPvsRAYJETF Comparison

ETF 1

NBJP

Neuberger Berman Japan Equity ETF

This fund is part of

Japan Blended Cap

+0.63%

Full NBJP fund page

VS

ETF 2

RAYJ

Rayliant SMDAM Japan Equity ETF

This fund is part of

Japan Blended Cap

+0.63%

Full RAYJ fund page

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 Industrials, Consumer Discretionary and Financials. In contrast, RAYJ's top sector exposures are Consumer Discretionary, Industrials and Information Technology. NBJP is more expensive with a Total Expense Ratio (TER) of 1.92%, versus 1.67% for RAYJ. NBJP is up 9.36% year-to-date (YTD) with +$67M in YTD flows. RAYJ performs better with 16.1% YTD performance, and +$6M 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

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/23/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	NBJP RAYJ	+5.29%+12.20%	+1.44%+8.28%	+9.36%+16.10%	+35.11%+41.27%	n/an/a	n/an/a
Flows	NBJP RAYJ	+$3M-	+$42M+$873K	+$67M+$6M	+$94M+$6M	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	NBJP RAYJ	+28.17%+33.06%	+20.62%+22.01%	n/an/a	n/an/a
Max drawdown	NBJP RAYJ	-14.65%-15.52%	-14.65%-15.52%	n/an/a	n/an/a
Max drawdown duration	NBJP RAYJ	53d53d	53d53d	n/an/a	n/an/a

Trading data

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	NBJP	RAYJ
Last sale 4/27/2026 at 1:30 PM	$33.92	$37.81
Previous close 04/24/2026	$33.67	$37.88
Consolidated volume 04/24/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 4/27/2026 at 1:30 PM

Live

Closed

	NBJP	RAYJ
Last price	$33.92	$37.81
1D performance	+0.74%	-0.17%
AuM	$126.11 M	$24.56 M
E/R	1.92%	1.67%

Characteristics

	NBJP	RAYJ
Management strategy	Active	Active
Provider	Neuberger Berman	Rayliant Asset Management
Benchmark	-	-
N° of holdings	61	31
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	September 12, 2024	April 4, 2024
ESG	No	No

More NBJP data on Trackinsight

More RAYJ data on Trackinsight

Exposure

Countries

NBJP

Japan

97.76%

Other

2.24%

RAYJ

Japan

99.59%

Other

0.41%

Sectors

NBJP

Industrials

31.17%

Consumer Discreti.

18.67%

Financials

15.16%

Information Techn.

12.84%

Real Estate

8%

Other

14.16%

RAYJ

Consumer Discreti.

30.77%

Industrials

30.77%

Information Techn.

10.83%

Financials

7.52%

Other

20.11%

Diversification

NBJP

Total weight of top 15 holdings out of 15

45.3%

RAYJ

Total weight of top 15 holdings out of 15

63.44%

Top 15 holdings

Data as of March 31, 2026

NBJP

TOKIO MARINE HOLDINGS

4.96%

MIZUHO FINANCIAL

4.00%

SUMITOMO ELECTRIC INDUSTRIES

3.62%

SUMITOMO REALTY

3.57%

NGK SPARK PLUG

3.00%

TOKYO ELECTRON

2.90%

KINDEN

2.85%

TOYOTA

2.80%

TAISEI

2.77%

RESONA HOLDINGS

2.57%

TOKYU FUDOSAN HOLDINGS

2.54%

EBARA

2.49%

JP3480470008

2.44%

AMADA CO LTD

2.42%

MITSUI

2.39%

RAYJ

MITSUBISHI UFJ FINANCIAL GROUP

5.95%

FUJIKURA

5.55%

FOOD & LIFE COMPANIES LTD.

4.85%

TOYOTA

4.82%

SHOWA DENKO

4.76%

TOYOTA TSUSHO

4.25%

ASICS

4.04%

FAST RETAILING

3.90%

RYOHIN KEIKAKU

3.83%

KAWASAKI HVY IND

3.80%

HITACHI

3.78%

DAIFUKU

3.60%

KINDEN

3.55%

MITSUI FUDOSAN

3.40%

CHUGAI PHARMACEUTICAL

3.36%

Frequently asked questions about NBJP and RAYJ

How have the NBJP and RAYJ ETFs performed in 2026?

As of April 23, 2026, NBJP is up 9.36% year-to-date (YTD), while RAYJ has returned 16.1%. 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 +$67M in flows, compared to +$6M for RAYJ.

Which ETF is more volatile: NBJP or RAYJ?

Over the past year, NBJP had a volatility of 20.62%, while RAYJ experienced 22.01%.

Which ETF is bigger: NBJP or RAYJ?

As of April 23, 2026, NBJP holds $126.11 M in assets under management (AUM), while RAYJ manages $24.56 M.

What sectors do the NBJP and RAYJ ETFs invest in?

NBJP leans toward sectors like Industrials, Consumer Discretionary and Financials. Meanwhile, RAYJ focuses on Consumer Discretionary, Industrials and Information Technology.

What are the top holdings of the NBJP ETF and RAYJ ETF?

NBJP top holdings include TOKIO MARINE HOLDINGS, MIZUHO FINANCIAL and SUMITOMO ELECTRIC INDUSTRIES. RAYJ holds in its top three: MITSUBISHI UFJ FINANCIAL GROUP, FUJIKURA and FOOD & LIFE COMPANIES LTD..

Which ETF is more diversified: NBJP or RAYJ?

NBJP holds 62 securities with 45.3% of its assets in the top 15. RAYJ has 31 securities and a top 15 weight of 63.44%.

Ask the Manager: Kei Okamura Breaks Down Japan’s Investment Case

February 27, 2025

NBJP

NBJPvsRAYJETF Comparison

Neuberger Berman Japan Equity ETF

Rayliant SMDAM Japan Equity ETF

NBJP vs RAYJ performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the NBJP and RAYJ ETFs performed in 2026?

As of April 23, 2026, NBJP is up 9.36% year-to-date (YTD), while RAYJ has returned 16.1%. 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 +$67M in flows, compared to +$6M for RAYJ.

Which ETF is more volatile: NBJP or RAYJ?

Over the past year, NBJP had a volatility of 20.62%, while RAYJ experienced 22.01%.

Which ETF is bigger: NBJP or RAYJ?

As of April 23, 2026, NBJP holds $126.11 M in assets under management (AUM), while RAYJ manages $24.56 M.

What sectors do the NBJP and RAYJ ETFs invest in?

NBJP leans toward sectors like Industrials, Consumer Discretionary and Financials. Meanwhile, RAYJ focuses on Consumer Discretionary, Industrials and Information Technology.

What are the top holdings of the NBJP ETF and RAYJ ETF?

NBJP top holdings include TOKIO MARINE HOLDINGS, MIZUHO FINANCIAL and SUMITOMO ELECTRIC INDUSTRIES. RAYJ holds in its top three: MITSUBISHI UFJ FINANCIAL GROUP, FUJIKURA and FOOD & LIFE COMPANIES LTD..

Which ETF is more diversified: NBJP or RAYJ?

NBJP holds 62 securities with 45.3% of its assets in the top 15. RAYJ has 31 securities and a top 15 weight of 63.44%.

Ask the Manager: Kei Okamura Breaks Down Japan’s Investment Case

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