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RAYJvsNBJPETF Comparison

ETF 1

RAYJ

Rayliant SMDAM Japan Equity ETF

This fund is part of

Japan Blended Cap

+2.02%

Full RAYJ fund page

VS

ETF 2

NBJP

Neuberger Berman Japan Equity ETF

This fund is part of

Japan Blended Cap

+2.02%

Full NBJP fund page

Rayliant SMDAM Japan Equity ETF (RAYJ) and Neuberger Berman Japan Equity ETF (NBJP) belong to the same industry segment: Japan Blended Cap. RAYJ's top 3 sector exposures are Consumer Discretionary, Industrials and Information Technology. In contrast, NBJP's top sector exposures are Industrials, Consumer Discretionary and Financials. RAYJ is less expensive with a Total Expense Ratio (TER) of 1.67%, versus 1.92% for NBJP. RAYJ is up 18.13% year-to-date (YTD) with +$6M in YTD flows. NBJP performs worse with 12.2% YTD performance, and +$67M in YTD flows. Run a side-by-side ETF comparison of RAYJ and NBJP 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 NBJP 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 NBJP	+9.14%+5.16%	+12.03%+5.38%	+18.13%+12.20%	+41.20%+35.17%	n/an/a	n/an/a
Flows	RAYJ NBJP	+$1K+$3M	+$1K+$38M	+$6M+$67M	+$6M+$92M	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	RAYJ NBJP	+32.90%+28.80%	+21.97%+20.76%	n/an/a	n/an/a
Max drawdown	RAYJ NBJP	-15.52%-14.65%	-15.52%-14.65%	n/an/a	n/an/a
Max drawdown duration	RAYJ NBJP	61d61d	61d61d	n/an/a	n/an/a

Trading data

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	RAYJ	NBJP
Last sale 5/7/2026 at 1:30 PM	$39.60	$35.67
Previous close 05/06/2026	$40.06	$35.44
Consolidated volume 05/06/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 5/7/2026 at 1:30 PM

Live

Closed

	RAYJ	NBJP
Last price	$39.60	$35.67
1D performance	-1.14%	+0.66%
AuM	$24.99 M	$129.39 M
E/R	1.67%	1.92%

Characteristics

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

More RAYJ data on Trackinsight

More NBJP data on Trackinsight

Exposure

Countries

RAYJ

Japan

99.59%

Other

0.41%

NBJP

Japan

97.76%

Other

2.24%

Sectors

RAYJ

Consumer Discreti.

30.77%

Industrials

30.77%

Information Techn.

10.83%

Financials

7.52%

Other

20.11%

NBJP

Industrials

31.17%

Consumer Discreti.

18.67%

Financials

15.16%

Information Techn.

12.84%

Real Estate

8%

Other

14.16%

Diversification

RAYJ

Total weight of top 15 holdings out of 15

63.44%

NBJP

Total weight of top 15 holdings out of 15

45.3%

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%

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%

Frequently asked questions about RAYJ and NBJP

How have the RAYJ and NBJP ETFs performed in 2026?

As of May 1, 2026, RAYJ is up 18.13% year-to-date (YTD), while NBJP has returned 12.2%. That puts RAYJ better performer ahead so far this year.

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

Year-to-date, the RAYJ ETF saw +$6M in flows, compared to +$67M for NBJP.

Which ETF is more volatile: RAYJ or NBJP?

Over the past year, RAYJ had a volatility of 21.97%, while NBJP experienced 20.76%.

Which ETF is bigger: RAYJ or NBJP?

As of May 1, 2026, RAYJ holds $24.99 M in assets under management (AUM), while NBJP manages $129.39 M.

What sectors do the RAYJ and NBJP ETFs invest in?

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

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

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

Which ETF is more diversified: RAYJ or NBJP?

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

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

February 27, 2025

NBJP

RAYJvsNBJPETF Comparison

Rayliant SMDAM Japan Equity ETF

Neuberger Berman Japan Equity ETF

RAYJ vs NBJP 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 NBJP ETFs performed in 2026?

As of May 1, 2026, RAYJ is up 18.13% year-to-date (YTD), while NBJP has returned 12.2%. That puts RAYJ better performer ahead so far this year.

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

Year-to-date, the RAYJ ETF saw +$6M in flows, compared to +$67M for NBJP.

Which ETF is more volatile: RAYJ or NBJP?

Over the past year, RAYJ had a volatility of 21.97%, while NBJP experienced 20.76%.

Which ETF is bigger: RAYJ or NBJP?

As of May 1, 2026, RAYJ holds $24.99 M in assets under management (AUM), while NBJP manages $129.39 M.

What sectors do the RAYJ and NBJP ETFs invest in?

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

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

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

Which ETF is more diversified: RAYJ or NBJP?

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

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

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