Rayliant NxtGen Multifactor US Equity ETF
$39.44−0.14 (−0.35%)
- 0.32%
- $101M
- +21.0%
- 12.32%
- 0M sh
- $39.58
- low $31.10high $41.40
The ETF.net RWLC Grade
Score 48 out of 100
- 20 of 29
Score 48 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D39 out of 100Rank 18 of 29Mission
Whether the fund did what it promised, tested against its stated mandate.B62 out of 100Rank 21 of 22Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B61 out of 100Rank 8 of 29Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D25 out of 100Rank 26 of 29Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B57 out of 100Rank 17 of 28Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C46 out of 100Rank 20 of 29
Our read on RWLC
CA boutique quant shop's swing at US large caps: RWLC follows the FT Wilshire US Large NxtGen Index, a published multifactor rulebook rather than a plain cap-weighted list, and charges the category's middle price to do it.
The Fund seeks long-term capital appreciation.
Why people hold it
- 0.32% expense ratio, right at the median for US multifactor ETFs. The rules-based tilt costs no more than the typical competitor in the group.
- The stock picks come from an outside index provider (the FT Wilshire US Large NxtGen Index), so the selection rules are published rather than left to a manager's mood.
- Simple plumbing: a standard 1940 Act US equity fund with one stated goal, long-term capital appreciation, and no structural red flags in the wrapper.
- Live since 2021, so there is a multi-year record of the strategy running with real money, not just a backtest of the index.
Worth knowing
- Small and thinly traded next to the category's giants. Spreads can be wider, which makes limit orders and mid-session trading worth the extra care.
- The peer shelf includes broad, deeply cheap alternatives such as VONV, VYM and IUSG at single-digit basis points. You are paying up for the factor rulebook.
- Distributions land annually or semiannually, not monthly, so this is a growth-mandate fund rather than an income schedule.
RWLC Holdings
- Stocks
- 107
- 37%
- AAPL
Sectors
- Technology42.7%
- Health Care12.6%
- Financials12.2%
- Communication9.4%
- Consumer Discretionary8.7%
- Energy5.9%
- Consumer Staples4.1%
- Materials1.9%
- Industrials1.9%
- Real Estate0.7%
Geography
- United States97.81%
- Singapore1.33%
- Switzerland0.65%
- Bermuda0.21%
RWLC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | RWLC |
|---|---|
| Year to date | +19.2% |
| 1 month | +2.5% |
| 3 months | +4.9% |
| 1 year | +21.0% |
| 3 years | +25.4% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | RWLC |
|---|---|---|
| 2026 YTD | +19.2% | |
| 2025 | +20.1% | |
| 2024 | +28.6% | |
| 2023 | +14.4% | |
| 2022 | −12.4% | |
| 2021 | +2.0% |
RWLC in the news
No ETF.net Research article names RWLC yet.
RWLC Dividends
- 12.32%
- $4.88
- $4.88 per share
- Annual
Distribution history
RWLC Risk
- 11.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.61
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −21.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.85
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
RWLC Cost
- The middle half of US Large-Cap funds
- Median 0.20%
16 of the 28 US Large-Cap funds charge less.
Other funds in US Large-Cap
- CBLUCBluemonte Large Cap Core ETFExpense ratio 0.28%1 year return +19.1%
- CINFOHarbor PanAgora Dynamic Large Cap Core ETFExpense ratio 0.35%1 year return +23.3%
- CNBCRNeuberger Berman Core Equity ETFExpense ratio 0.52%1 year return +15.0%
- CGXLCGlobal X - U.S. 500 ETFExpense ratio 0.02%1 year return +20.2%
- DAQLGHCM Large Cap Growth ETFExpense ratio 0.65%1 year return —