RAYJ vs CVNY
Comparison between RAYLIANT SMDAM JAPAN EQUITY ETF (RAYJ, ETF) and YIELDMAX(R) CVNA OPTION INCOME STRATEGY ETF (CVNY, ETF).
RAYJ vs CVNY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
RAYJ
$27M
Winner
CVNY
$27M
Expense Ratio
Winner
RAYJ
0.72%
CVNY
1.09%
Max Drawdown
Winner
RAYJ
16.60%
CVNY
62.11%
Sharpe Ratio
Winner
RAYJ
1.18
CVNY
0.12
5Y Beta
Winner
RAYJ
0.80
CVNY
1.85
RAYJ vs CVNY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
RAYJ
-1.42%
CVNY
-11.40%
3M
Winner
RAYJ
+12.65%
CVNY
+10.80%
6M
Winner
RAYJ
+19.41%
CVNY
-25.01%
1Y
Winner
RAYJ
+32.35%
CVNY
+2.95%
Max(CAGR)
Winner
RAYJ
+25.00%
CVNY
+19.85%
RAYJ vs CVNY - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | RAYJ | CVNY |
|---|---|---|
| 2026 | +20.02% | -16.01% |
| 2025 | +20.33% | +59.67% |
| 2024 | +10.11% | N/A |
RAYJ vs CVNY Drawdown Comparison
The maximum drawdown for RAYJ was -15.95%, occurring on Apr 7, 2025. Recovery took 106 trading sessions.
The maximum drawdown for CVNY was -41.61%, occurring on Apr 4, 2025. Recovery took 59 trading sessions.
The current RAYJ drawdown is -3.37%. The current CVNY drawdown is -27.88%.
| Rank | RAYJ | CVNY |
|---|---|---|
| #1 | -15.95% Dec 5, 2024 - May 12, 2025 | -41.61% Feb 18, 2025 - May 13, 2025 |
| #2 | -14.00% Feb 27, 2026 - May 6, 2026 | -36.24% Jan 27, 2026 - Mar 20, 2026 |
| #3 | -13.41% Jul 17, 2024 - Aug 19, 2024 | -21.17% Oct 1, 2025 - Dec 3, 2025 |
| #4 | -10.72% Sep 26, 2024 - Dec 3, 2024 | -13.91% Jun 4, 2025 - Jul 7, 2025 |
| #5 | -8.50% May 13, 2026 - Jun 10, 2026 | -13.66% Dec 11, 2025 - Jan 22, 2026 |
| #6 | -7.44% Nov 10, 2025 - Nov 28, 2025 | -10.61% Jul 31, 2025 - Sep 19, 2025 |
| #7 | -6.70% Nov 28, 2025 - Jan 9, 2026 | -6.30% Jul 7, 2025 - Jul 31, 2025 |
| #8 | -6.69% Aug 18, 2025 - Nov 3, 2025 | -4.32% Sep 19, 2025 - Sep 29, 2025 |
| #9 | -6.39% Apr 9, 2024 - Jul 10, 2024 | -3.59% Sep 29, 2025 - Oct 1, 2025 |
| #10 | -5.87% Aug 30, 2024 - Sep 19, 2024 | -2.92% May 20, 2025 - May 22, 2025 |
| #11 | -5.80% Jul 23, 2025 - Aug 7, 2025 | -1.86% May 14, 2025 - May 19, 2025 |
| #12 | -4.88% Jun 27, 2025 - Jul 23, 2025 | -1.14% Feb 11, 2025 - Feb 13, 2025 |
| #13 | -2.39% May 27, 2025 - May 30, 2025 | -0.78% May 28, 2025 - May 30, 2025 |
| #14 | -2.07% Jan 27, 2026 - Feb 6, 2026 | -0.68% Jan 22, 2026 - Jan 27, 2026 |
| #15 | -1.71% Feb 12, 2026 - Feb 24, 2026 | N/A |
Correlation
Correlation between RAYJ and CVNY is 0.65 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.65
-101
Dividend Comparison (2024 - 2026)
RAYJ vs CVNY dividend yield comparison.
| Year | RAYJ | CVNY |
|---|---|---|
| 2026 | 3.14% | 40.33% |
| 2025 | 1.72% | 80.86% |
| 2024 | 0.78% | 0.00% |
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