MARB vs RAYJ
Comparison between FIRST TRUST MERGER ARBITRAGE ETF (MARB, ETF) and RAYLIANT SMDAM JAPAN EQUITY ETF (RAYJ, ETF).
MARB vs RAYJ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MARB
$25M
Winner
RAYJ
$25M
Expense Ratio
MARB
1.69%
Winner
RAYJ
0.72%
Max Drawdown
Winner
MARB
11.99%
RAYJ
16.60%
Sharpe Ratio
MARB
0.50
Winner
RAYJ
1.11
5Y Beta
Winner
MARB
0.04
RAYJ
0.79
MARB vs RAYJ - Historical Returns
Returns include dividend reinvestment.
1M
MARB
+0.20%
Winner
RAYJ
+1.62%
3M
MARB
+0.82%
Winner
RAYJ
+7.40%
6M
MARB
+1.52%
Winner
RAYJ
+17.09%
1Y
MARB
+6.07%
Winner
RAYJ
+31.77%
5Y(CAGR)
MARB
+2.64%
RAYJ
N/A
Max(CAGR)
MARB
+2.02%
Winner
RAYJ
+24.12%
MARB vs RAYJ - Annual Returns (2020 - 2026)
Returns include dividend reinvestment.
| Year | MARB | RAYJ |
|---|---|---|
| 2026 | +1.50% | +17.69% |
| 2025 | +7.15% | +20.33% |
| 2024 | +0.87% | +10.11% |
| 2023 | +2.02% | N/A |
| 2022 | +4.08% | N/A |
| 2021 | +0.32% | N/A |
| 2020 | -2.35% | N/A |
MARB vs RAYJ Drawdown Comparison
The maximum drawdown for MARB was -11.99%, occurring on Mar 18, 2020. Recovery took 545 trading sessions.
The maximum drawdown for RAYJ was -15.95%, occurring on Apr 7, 2025. Recovery took 106 trading sessions.
The current RAYJ drawdown is -5.25%.
| Rank | MARB | RAYJ |
|---|---|---|
| #1 | -11.99% Feb 21, 2020 - Apr 20, 2022 | -15.95% Dec 5, 2024 - May 12, 2025 |
| #2 | -3.67% Dec 21, 2023 - Dec 24, 2024 | -14.00% Feb 27, 2026 - May 6, 2026 |
| #3 | -3.45% Feb 23, 2023 - Aug 28, 2023 | -13.41% Jul 17, 2024 - Aug 19, 2024 |
| #4 | -3.19% Apr 20, 2022 - Aug 10, 2022 | -10.72% Sep 26, 2024 - Dec 3, 2024 |
| #5 | -2.43% Jul 14, 2025 - Jul 22, 2025 | -7.44% Nov 10, 2025 - Nov 28, 2025 |
| #6 | -1.80% Feb 28, 2025 - Apr 28, 2025 | -7.13% May 13, 2026 - May 19, 2026 |
| #7 | -1.71% Nov 1, 2022 - Feb 22, 2023 | -6.70% Nov 28, 2025 - Jan 9, 2026 |
| #8 | -1.28% Sep 13, 2022 - Oct 24, 2022 | -6.69% Aug 18, 2025 - Nov 3, 2025 |
| #9 | -1.23% Oct 30, 2025 - Nov 7, 2025 | -6.39% Apr 9, 2024 - Jul 10, 2024 |
| #10 | -1.15% Jan 24, 2025 - Feb 13, 2025 | -5.87% Aug 30, 2024 - Sep 19, 2024 |
| #11 | -1.14% Oct 17, 2023 - Dec 8, 2023 | -5.80% Jul 23, 2025 - Aug 7, 2025 |
| #12 | -1.01% Apr 6, 2026 - Apr 9, 2026 | -4.88% Jun 27, 2025 - Jul 23, 2025 |
| #13 | -0.91% Aug 21, 2025 - Oct 2, 2025 | -2.39% May 27, 2025 - May 30, 2025 |
| #14 | -0.82% Jan 23, 2026 - Apr 1, 2026 | -2.07% Jan 27, 2026 - Feb 6, 2026 |
| #15 | -0.79% Nov 7, 2025 - Nov 11, 2025 | -1.71% Feb 12, 2026 - Feb 24, 2026 |
Correlation
Correlation between MARB and RAYJ is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (2022 - 2025)
MARB vs RAYJ dividend yield comparison.
| Year | MARB | RAYJ |
|---|---|---|
| 2025 | 3.01% | 1.72% |
| 2024 | 2.11% | 0.78% |
| 2023 | 2.20% | 0.00% |
| 2022 | 0.99% | 0.00% |
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