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RAYJvsFJPETF Comparison

ETF 1

RAYJ

Rayliant SMDAM Japan Equity ETF

This fund is part of

Japan Blended Cap

-0.08%

Full RAYJ fund page

VS

ETF 2

FJP

First Trust Japan AlphaDEX Fund ETF

This fund is part of

Japan Blended Cap

-0.08%

Full FJP fund page

Rayliant SMDAM Japan Equity ETF (RAYJ) and First Trust Japan AlphaDEX Fund ETF (FJP) belong to the same industry segment: Japan Blended Cap. RAYJ's top 3 sector exposures are Consumer Discretionary, Industrials and Information Technology. In contrast, FJP's top sector exposures are Industrials, Materials and Consumer Discretionary. RAYJ is more expensive with a Total Expense Ratio (TER) of 1.67%, versus 0.8% for FJP. RAYJ is up 18.13% year-to-date (YTD) with +$6M in YTD flows. FJP performs worse with 13.03% YTD performance, and +$11M in YTD flows. Run a side-by-side ETF comparison of RAYJ and FJP 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 FJP 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 05/01/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	RAYJ FJP	+9.14%+1.92%	+12.03%+6.02%	+18.13%+13.03%	+41.20%+41.23%	n/a+83.58%	n/a+68.80%
Flows	RAYJ FJP	+$1K+$4M	+$1K+$12M	+$6M+$11M	+$6M+$26M	-+$31M	-+$115M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	RAYJ FJP	+32.90%+25.94%	+21.97%+19.27%	n/a+20.48%	n/a+20.03%
Max drawdown	RAYJ FJP	-15.52%-14.92%	-15.52%-14.92%	n/a-19.54%	n/a-30.90%
Max drawdown duration	RAYJ FJP	61d61d	61d61d	n/a186d	n/a849d

Trading data

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	RAYJ	FJP
Last sale 5/5/2026 at 1:30 PM	$38.80	$75.43
Previous close 05/04/2026	$38.29	$74.49
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 index

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	RAYJ	FJP
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 5/5/2026 at 1:30 PM

Live

Closed

	RAYJ	FJP
Last price	$38.80	$75.43
1D performance	+1.35%	+1.26%
AuM	$24.99 M	$245.15 M
E/R	1.67%	0.8%

Characteristics

	RAYJ	FJP
Management strategy	Active	Passive
Provider	Rayliant Asset Management	First Trust
Benchmark	-	NASDAQ AlphaDEX Japan Index
N° of holdings	31	96
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	April 4, 2024	April 18, 2011
ESG	No	No

More RAYJ data on Trackinsight

More FJP data on Trackinsight

Exposure

Countries

RAYJ

Japan

99.59%

Other

0.41%

FJP

Japan

96.07%

Other

3.93%

Sectors

RAYJ

Consumer Discreti.

30.77%

Industrials

30.77%

Information Techn.

10.83%

Financials

7.52%

Other

20.11%

FJP

Industrials

34.28%

Materials

14.7%

Consumer Discreti.

14.04%

Information Techn.

7.12%

Other

29.86%

Diversification

RAYJ

Total weight of top 15 holdings out of 15

63.44%

FJP

Total weight of top 15 holdings out of 15

28.13%

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%

FJP

MITSUI MINING AND SMELTING

2.58%

INPEX

2.22%

MITSUI OSK LINES

2.04%

MODEC

1.91%

NGK INSULATORS

1.86%

KAWASAKI KISEN

1.85%

KANDENKO

1.82%

FUJIKURA

1.81%

SUMITOMO MTL MIN

1.79%

TOYOTA TSUSHO

1.78%

NIPPON YUSEN

1.74%

SUMITOMO ELECTRIC INDUSTRIES

1.73%

TAISEI

1.71%

KYUSHU ELECTRIC POWER

1.66%

KANSAI ELECTRIC POWER

1.63%

Frequently asked questions about RAYJ and FJP

How have the RAYJ and FJP ETFs performed in 2026?

As of May 1, 2026, RAYJ is up 18.13% year-to-date (YTD), while FJP has returned 13.03%. That puts RAYJ better performer ahead so far this year.

Which ETF is attracting more investor money: RAYJ or FJP?

Year-to-date, the RAYJ ETF saw +$6M in flows, compared to +$11M for FJP.

Which ETF is more volatile: RAYJ or FJP?

Over the past year, RAYJ had a volatility of 21.97%, while FJP experienced 19.27%.

Which ETF is bigger: RAYJ or FJP?

As of May 1, 2026, RAYJ holds $24.99 M in assets under management (AUM), while FJP manages $245.15 M.

What sectors do the RAYJ and FJP ETFs invest in?

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

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

RAYJ top holdings include MITSUBISHI UFJ FINANCIAL GROUP, FUJIKURA and FOOD & LIFE COMPANIES LTD.. FJP holds in its top three: MITSUI MINING AND SMELTING, INPEX and MITSUI OSK LINES.

RAYJvsFJPETF Comparison

Rayliant SMDAM Japan Equity ETF

First Trust Japan AlphaDEX Fund ETF

RAYJ vs FJP 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 RAYJ and FJP ETFs performed in 2026?

As of May 1, 2026, RAYJ is up 18.13% year-to-date (YTD), while FJP has returned 13.03%. That puts RAYJ better performer ahead so far this year.

Which ETF is attracting more investor money: RAYJ or FJP?

Year-to-date, the RAYJ ETF saw +$6M in flows, compared to +$11M for FJP.

Which ETF is more volatile: RAYJ or FJP?

Over the past year, RAYJ had a volatility of 21.97%, while FJP experienced 19.27%.

Which ETF is bigger: RAYJ or FJP?

As of May 1, 2026, RAYJ holds $24.99 M in assets under management (AUM), while FJP manages $245.15 M.

What sectors do the RAYJ and FJP ETFs invest in?

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

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

RAYJ top holdings include MITSUBISHI UFJ FINANCIAL GROUP, FUJIKURA and FOOD & LIFE COMPANIES LTD.. FJP holds in its top three: MITSUI MINING AND SMELTING, INPEX and MITSUI OSK LINES.

Which ETF is more diversified: RAYJ or FJP?

RAYJ holds 31 securities with 63.44% of its assets in the top 15. FJP has 96 securities and a top 15 weight of 28.13%.

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