CVNY vs RAYJ
Comparison between YIELDMAX(R) CVNA OPTION INCOME STRATEGY ETF (CVNY, ETF) and RAYLIANT SMDAM JAPAN EQUITY ETF (RAYJ, ETF).
CVNY vs RAYJ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
CVNY
$27M
RAYJ
$27M
Expense Ratio
CVNY
1.09%
Winner
RAYJ
0.72%
Max Drawdown
CVNY
62.11%
Winner
RAYJ
16.60%
Sharpe Ratio
CVNY
0.12
Winner
RAYJ
1.18
5Y Beta
CVNY
1.85
Winner
RAYJ
0.80
CVNY vs RAYJ - Historical Returns
Returns include dividend reinvestment.
1M
CVNY
+1.55%
Winner
RAYJ
+4.44%
3M
CVNY
+11.93%
Winner
RAYJ
+15.25%
6M
CVNY
-19.53%
Winner
RAYJ
+22.01%
1Y
CVNY
+18.96%
Winner
RAYJ
+36.56%
Max(CAGR)
CVNY
+24.73%
Winner
RAYJ
+26.29%
CVNY vs RAYJ - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | CVNY | RAYJ |
|---|---|---|
| 2026 | -11.15% | +22.99% |
| 2025 | +59.67% | +20.33% |
| 2024 | N/A | +10.11% |
CVNY vs RAYJ Drawdown Comparison
The maximum drawdown for CVNY was -41.61%, occurring on Apr 4, 2025. Recovery took 59 trading sessions.
The maximum drawdown for RAYJ was -15.95%, occurring on Apr 7, 2025. Recovery took 106 trading sessions.
The current CVNY drawdown is -23.70%. The current RAYJ drawdown is -0.98%.
| Rank | CVNY | RAYJ |
|---|---|---|
| #1 | -41.61% Feb 18, 2025 - May 13, 2025 | -15.95% Dec 5, 2024 - May 12, 2025 |
| #2 | -36.24% Jan 27, 2026 - Mar 20, 2026 | -14.00% Feb 27, 2026 - May 6, 2026 |
| #3 | -21.17% Oct 1, 2025 - Dec 3, 2025 | -13.41% Jul 17, 2024 - Aug 19, 2024 |
| #4 | -13.91% Jun 4, 2025 - Jul 7, 2025 | -10.72% Sep 26, 2024 - Dec 3, 2024 |
| #5 | -13.66% Dec 11, 2025 - Jan 22, 2026 | -8.50% May 13, 2026 - Jun 10, 2026 |
| #6 | -10.61% Jul 31, 2025 - Sep 19, 2025 | -7.44% Nov 10, 2025 - Nov 28, 2025 |
| #7 | -6.30% Jul 7, 2025 - Jul 31, 2025 | -6.70% Nov 28, 2025 - Jan 9, 2026 |
| #8 | -4.32% Sep 19, 2025 - Sep 29, 2025 | -6.69% Aug 18, 2025 - Nov 3, 2025 |
| #9 | -3.59% Sep 29, 2025 - Oct 1, 2025 | -6.39% Apr 9, 2024 - Jul 10, 2024 |
| #10 | -2.92% May 20, 2025 - May 22, 2025 | -5.87% Aug 30, 2024 - Sep 19, 2024 |
| #11 | -1.86% May 14, 2025 - May 19, 2025 | -5.80% Jul 23, 2025 - Aug 7, 2025 |
| #12 | -1.14% Feb 11, 2025 - Feb 13, 2025 | -4.88% Jun 27, 2025 - Jul 23, 2025 |
| #13 | -0.78% May 28, 2025 - May 30, 2025 | -2.39% May 27, 2025 - May 30, 2025 |
| #14 | -0.68% Jan 22, 2026 - Jan 27, 2026 | -2.07% Jan 27, 2026 - Feb 6, 2026 |
| #15 | N/A | -1.71% Feb 12, 2026 - Feb 24, 2026 |
Correlation
Correlation between CVNY and RAYJ is 0.67 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.67
-101
Dividend Comparison (2024 - 2026)
CVNY vs RAYJ dividend yield comparison.
| Year | CVNY | RAYJ |
|---|---|---|
| 2026 | 38.12% | 3.06% |
| 2025 | 80.86% | 1.72% |
| 2024 | 0.00% | 0.78% |
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