RAYJvsDXJETF Comparison
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Rayliant SMDAM Japan Equity ETF (RAYJ) and WisdomTree Japan Hedged Equity Fund (DXJ) belong to the same industry segment: Japan Blended Cap. RAYJ's top 3 sector exposures are Consumer Discretionary, Industrials and Information Technology. In contrast, DXJ's top sector exposures are Industrials, Consumer Discretionary and Information Technology. RAYJ is more expensive with a Total Expense Ratio (TER) of 1.67%, versus 0.48% for DXJ. RAYJ is up 18.13% year-to-date (YTD) with +$6M in YTD flows. DXJ performs worse with 13.23% YTD performance, and +$572M in YTD flows. Run a side-by-side ETF comparison of RAYJ and DXJ 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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RAYJ vs DXJ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 05/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | RAYJ DXJ | +9.14%+1.56% | +12.03%+3.06% | +18.13%+13.23% | +41.20%+51.05% | n/a+140.28% | n/a+216.43% |
| Flows | RAYJ DXJ | +$1K+$179M | +$1K+$106M | +$6M+$572M | +$6M+$1.28B | -+$1.85B | -+$1.47B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | RAYJ DXJ | +32.90%+26.97% | +21.97%+18.65% | n/a+22.39% | n/a+20.09% |
| Max drawdown | RAYJ DXJ | -15.52%-11.75% | -15.52%-11.75% | n/a-26.55% | n/a-26.55% |
| Max drawdown duration | RAYJ DXJ | 61d64d | 61d64d | n/a250d | n/a250d |
Trading data
RAYJ | DXJ | |
Last sale 5/5/2026 at 1:30 PM | $38.80 | $163.00 |
| Previous close 05/04/2026 | $38.29 | $160.82 |
| Consolidated volume 05/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 30, 2026
1-year trailing difference
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RAYJ
is actively managed and doesn’t replicate an indexRAYJ | DXJ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 5/5/2026 at 1:30 PM
Live
Closed
RAYJ | DXJ | |
|---|---|---|
| Last price | $38.80 | $163.00 |
| 1D performance | +1.35% | +1.36% |
| AuM | $24.99 M | $6.35 B |
| E/R | 1.67% | 0.48% |
Characteristics
RAYJ | DXJ | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Rayliant Asset Management | WisdomTree |
| Benchmark | - | WisdomTree Japan Hedged Equity Index |
| N° of holdings | 31 | 137 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 4, 2024 | June 16, 2006 |
| ESG | No | No |
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Exposure
Countries
RAYJ
Japan
99.59%
Other
0.41%
DXJ
Japan
99.02%
Other
0.98%
Sectors
RAYJ
Consumer Discreti.
30.77%
Industrials
30.77%
Information Techn.
10.83%
Financials
7.52%
Other
20.11%
DXJ
Industrials
28.64%
Consumer Discreti.
19.63%
Information Techn.
15.09%
Financials
14.06%
Health Care
8.47%
Other
14.11%
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Diversification
RAYJ
Total weight of top 15 holdings out of 15
63.44%
DXJ
Total weight of top 15 holdings out of 15
47.24%
Top 15 holdings
Data as of March 31, 2026
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%
DXJ
TOYOTA
6.35%
MITSUBISHI UFJ FINANCIAL GROUP
5.23%
MITSUBISHI
3.63%
HITACHI
3.47%
SONY GROUP CORPORATION
3.34%
SUMITOMO MITSUI
3.27%
TOKYO ELECTRON
2.98%
MITSUI
2.93%
MIZUHO FINANCIAL
2.57%
ADVANTEST
2.52%
MITSUBISHI HVY
2.41%
TOKIO MARINE HOLDINGS
2.39%
FAST RETAILING
2.19%
SHIN-ETSU CHEM
2.11%
KEYENCE
1.85%
Frequently asked questions about RAYJ and DXJ
How have the RAYJ and DXJ ETFs performed in 2026?
As of May 1, 2026, RAYJ is up 18.13% year-to-date (YTD), while DXJ has returned 13.23%. That puts RAYJ better performer ahead so far this year.
Which ETF is attracting more investor money: RAYJ or DXJ?
Year-to-date, the RAYJ ETF saw +$6M in flows, compared to +$572M for DXJ.
Which ETF is more volatile: RAYJ or DXJ?
Over the past year, RAYJ had a volatility of 21.97%, while DXJ experienced 18.65%.
Which ETF is bigger: RAYJ or DXJ?
As of May 1, 2026, RAYJ holds $24.99 M in assets under management (AUM), while DXJ manages $6.35 B.
What sectors do the RAYJ and DXJ ETFs invest in?
RAYJ leans toward sectors like Consumer Discretionary, Industrials and Information Technology. Meanwhile, DXJ focuses on Industrials, Consumer Discretionary and Information Technology.
What are the top holdings of the RAYJ ETF and DXJ ETF?
RAYJ top holdings include MITSUBISHI UFJ FINANCIAL GROUP, FUJIKURA and FOOD & LIFE COMPANIES LTD.. DXJ holds in its top three: TOYOTA, MITSUBISHI UFJ FINANCIAL GROUP and MITSUBISHI.
Which ETF is more diversified: RAYJ or DXJ?
RAYJ holds 31 securities with 63.44% of its assets in the top 15. DXJ has 139 securities and a top 15 weight of 47.24%.
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