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. Both ETFs have the same top 3 sector exposures: Industrials, Consumer Discretionary and Information Technology. NBJP is more expensive with a Total Expense Ratio (TER) of 1.92%, versus 1.67% for RAYJ. NBJP is up 17.66% year-to-date (YTD) with +$68M in YTD flows. RAYJ performs better with 19.16% YTD performance, and +$26M 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 06/12/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NBJP RAYJ | -0.98%-5.24% | +11.94%+8.19% | +17.66%+19.16% | +33.51%+27.80% | n/an/a | n/an/a |
| Flows | NBJP RAYJ | -$3M+$20M | +$5M+$20M | +$68M+$26M | +$92M+$27M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NBJP RAYJ | +28.40%+32.32% | +21.92%+23.79% | n/an/a | n/an/a |
| Max drawdown | NBJP RAYJ | -6.14%-8.71% | -14.65%-15.52% | n/an/a | n/an/a |
| Max drawdown duration | NBJP RAYJ | 30d30d | 71d66d | n/an/a | n/an/a |
Trading data
NBJP | RAYJ | |
Last sale 6/12/2026 at 1:30 PM | $36.16 | $38.97 |
| Previous close 06/11/2026 | $35.91 | $38.30 |
| Consolidated volume 06/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 6/12/2026 at 1:30 PM
Live
Closed
NBJP | RAYJ | |
|---|---|---|
| Last price | $36.16 | $38.97 |
| 1D performance | +0.72% | +1.75% |
| AuM | $136.58 M | $44.91 M |
| E/R | 1.92% | 1.67% |
Characteristics
NBJP | RAYJ | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Neuberger Berman | Rayliant Asset Management |
| Benchmark | - | - |
| N° of holdings | 57 | 30 |
| 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
93.66%
Other
6.34%
RAYJ
Japan
95.59%
Other
4.41%
Sectors
NBJP
Industrials
33.35%
Consumer Discreti.
16.72%
Information Techn.
14.56%
Financials
13.64%
Real Estate
7.64%
Other
14.09%
RAYJ
Industrials
32.51%
Consumer Discreti.
26.51%
Information Techn.
12.1%
Materials
7.34%
Financials
7.18%
Other
14.36%
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Diversification
NBJP
Total weight of top 15 holdings out of 15
44.97%
RAYJ
Total weight of top 15 holdings out of 15
64%
Top 15 holdings
Data as of April 30, 2026
NBJP
TOKIO MARINE HOLDINGS
4.50%
MIZUHO FINANCIAL
3.87%
SUMITOMO ELECTRIC INDUSTRIES
3.81%
SUMITOMO REALTY
3.50%
TOKYO ELECTRON
3.27%
NGK SPARK PLUG
3.11%
EBARA
2.84%
AMADA CO LTD
2.69%
FANUC
2.68%
KINDEN
2.61%
TAISEI
2.58%
RESONA HOLDINGS
2.46%
MITSUBISHI HVY
2.39%
TOKYU FUDOSAN HOLDINGS
2.35%
HITACHI
2.31%
RAYJ
FUJIKURA
6.45%
SHOWA DENKO
5.92%
MITSUBISHI UFJ FINANCIAL GROUP
5.67%
TOYOTA
4.08%
FOOD & LIFE COMPANIES LTD.
4.06%
FAST RETAILING
3.99%
TOYOTA TSUSHO
3.92%
DAIFUKU
3.83%
ASICS
3.81%
CHUGAI PHARMACEUTICAL
3.79%
MITSUBISHI ELECTRIC
3.74%
EBARA
3.74%
HITACHI
3.68%
KAWASAKI HVY IND
3.67%
RYOHIN KEIKAKU
3.65%
Frequently asked questions about NBJP and RAYJ
How have the NBJP and RAYJ ETFs performed in 2026?
As of June 12, 2026, NBJP is up 17.66% year-to-date (YTD), while RAYJ has returned 19.16%. 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 +$68M in flows, compared to +$26M for RAYJ.
Which ETF is more volatile: NBJP or RAYJ?
Over the past year, NBJP had a volatility of 21.92%, while RAYJ experienced 23.79%.
Which ETF is bigger: NBJP or RAYJ?
As of June 12, 2026, NBJP holds $136.58 M in assets under management (AUM), while RAYJ manages $44.91 M.
What sectors do the NBJP and RAYJ ETFs invest in?
NBJP leans toward sectors like Industrials, Consumer Discretionary and Information Technology. Meanwhile, RAYJ focuses on Industrials, Consumer Discretionary 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: FUJIKURA, SHOWA DENKO and MITSUBISHI UFJ FINANCIAL GROUP.
Which ETF is more diversified: NBJP or RAYJ?
NBJP holds 57 securities with 44.97% of its assets in the top 15. RAYJ has 30 securities and a top 15 weight of 64%.
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Latest news about NBJP & RAYJ
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