CFA vs. RAYD ETF Comparison

Comparison of Compass EMP US 500 Volatility Weighted Index ETF (CFA) to The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD)

CFA

Compass EMP US 500 Volatility Weighted Index ETF

CFA Description

The investment seeks to provide investment results that match the performance of the CEMP U.S. Large Cap 500 Volatility Weighted Index before fees and expenses. The index is an unmanaged index that was created by the fund's investment advisor and generally consists of the common stock of the 500 largest companies by market capitalization that have their headquarters in the U.S. and the stock of which trades on U.S. exchanges. Under normal market conditions, the fund invests at least 80% of its assets (defined as net assets plus any borrowing for investment purposes) in securities of U.S. issuers included in the index as of its most recent reconstitution.

Grade (RS Rating)

Last Trade

$81.62

Average Daily Volume

7,920

Number of Holdings ^*

493

* may have additional holdings in another (foreign) market

RAYD

The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF

RAYD Description

The Advisors' Inner Circle Fund III - Rayliant Quantitative Developed Market Equity ETF is an exchange traded fund launched by The Advisors Inner Circle Fund III. The fund is managed by Rayliant Investment Research. The fund invests in public equity markets across global developed region. The fund invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund employs quantitative analysis to create its portfolio. The fund employs proprietary and external research to create its portfolio. The Advisors' Inner Circle Fund III - Rayliant Quantitative Developed Market Equity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$29.42

Average Daily Volume

4,298

Number of Holdings ^*

103

* may have additional holdings in another (foreign) market

Performance

Period	CFA	RAYD
30 Days	4.66%	0.17%
60 Days	3.56%	2.35%
90 Days	6.03%	8.07%
12 Months	14.49%	23.46%

65 Overlapping Holdings

Symbol	Grade	Weight in CFA	Weight in RAYD	Overlap
AAPL	B	0.3%	5.31%	0.3%
ABBV	A	0.29%	0.49%	0.29%
ADP	B	0.24%	0.48%	0.24%
AFL	A	0.27%	0.26%	0.26%
AMZN	D	0.16%	2.85%	0.16%
APP	D	0.09%	0.24%	0.09%
BKNG	D	0.18%	1.81%	0.18%
CAH	D	0.2%	0.41%	0.2%
CB	A	0.29%	0.23%	0.23%
CBOE	C	0.25%	0.32%	0.25%
CINF	A	0.26%	0.26%	0.26%
CL	B	0.36%	0.6%	0.36%
CMG	D	0.19%	0.35%	0.19%
CMI	B	0.23%	0.47%	0.23%
CNC	B	0.18%	0.18%	0.18%
COST	D	0.31%	2.33%	0.31%
DECK	D	0.13%	0.45%	0.13%
EME	C	0.2%	1.39%	0.2%
ERIE	A	0.16%	0.17%	0.16%
FANG	B	0.2%	0.25%	0.2%
GDDY	B	0.22%	0.25%	0.22%
GM	D	0.16%	0.18%	0.16%
GOOGL	D	0.21%	2.36%	0.21%
GRMN	C	0.27%	0.32%	0.27%
GS	B	0.28%	0.3%	0.28%
HIG	B	0.32%	0.26%	0.26%
IBM	B	0.24%	0.53%	0.24%
INTC	F	0.09%	0.47%	0.09%
JNJ	B	0.29%	1.08%	0.29%
KR	B	0.28%	0.51%	0.28%
LDOS	D	0.26%	0.18%	0.18%
LLY	D	0.15%	1.69%	0.15%
MA	C	0.27%	1.63%	0.27%
MCK	A	0.28%	1.35%	0.28%
MEDP	D	0.11%	0.57%	0.11%
META	D	0.12%	1.55%	0.12%
MMC	A	0.34%	0.57%	0.34%
MO	C	0.31%	0.78%	0.31%
MORN	B	0.18%	0.69%	0.18%
MRK	F	0.24%	0.49%	0.24%
MSFT	D	0.23%	4.75%	0.23%
NBIX	C	0.2%	0.17%	0.17%
NFLX	D	0.13%	0.16%	0.13%
NOW	B	0.18%	0.63%	0.18%
NTAP	B	0.26%	0.25%	0.25%
NVDA	D	0.15%	6.89%	0.15%
PANW	C	0.09%	0.78%	0.09%
PG	D	0.32%	0.57%	0.32%
PGR	C	0.18%	1.0%	0.18%
PRU	B	0.27%	0.48%	0.27%
QCOM	D	0.17%	0.72%	0.17%
RGA	A	0.31%	0.27%	0.27%
RL	D	0.14%	0.23%	0.14%
T	B	0.2%	0.33%	0.2%
TT	B	0.21%	0.2%	0.2%
TW	B	0.2%	0.23%	0.2%
UBER	F	0.1%	0.22%	0.1%
UNH	A	0.25%	0.74%	0.25%
UTHR	C	0.28%	0.19%	0.19%
V	F	0.31%	0.43%	0.31%
VEEV	D	0.13%	0.26%	0.13%
VRSK	D	0.31%	0.36%	0.31%
VRSN	D	0.24%	0.27%	0.24%
VRTX	B	0.22%	0.49%	0.22%
WSM	C	0.16%	0.23%	0.16%

CFA Overweight 428 Positions Relative to RAYD

Symbol	Grade	Weight
BRK.A	C	0.39%
KO	B	0.38%
PM	A	0.37%
JPM	B	0.36%
RSG	C	0.36%
L	B	0.36%
KMB	D	0.34%
KMI	B	0.34%
TMUS	B	0.34%
TJX	B	0.34%
WMT	C	0.33%
MSI	A	0.32%
WMB	C	0.32%
CTAS	A	0.32%
SO	A	0.31%
APH	D	0.31%
ATO	A	0.31%
ROP	D	0.31%
LMT	A	0.31%
DUK	A	0.31%
AJG	A	0.3%
PEP	B	0.3%
HWM	A	0.3%
ICE	A	0.3%
PEG	B	0.3%
ED	A	0.29%
WAB	D	0.29%
AIG	A	0.29%
MCD	C	0.29%
OTIS	D	0.29%
NDAQ	B	0.29%
GD	B	0.28%
LNT	A	0.28%
TRGP	B	0.28%
BR	A	0.28%
SRE	A	0.28%
PPL	A	0.28%
HON	D	0.28%
AME	B	0.28%
HEI	A	0.28%
YUM	D	0.28%
BRO	A	0.28%
DGX	C	0.28%
FE	A	0.27%
ITW	C	0.27%
HOLX	A	0.27%
MCO	A	0.27%
CMS	A	0.27%
LIN	B	0.27%
BK	A	0.27%
ETR	A	0.27%
AMP	D	0.27%
WM	D	0.27%
KDP	B	0.27%
HLT	C	0.26%
EA	B	0.26%
EVRG	A	0.26%
SSNC	A	0.26%
HPQ	C	0.26%
DTE	A	0.26%
GLW	C	0.26%
TRV	B	0.26%
DOV	B	0.26%
NI	A	0.26%
BKR	A	0.26%
FFIV	A	0.26%
GIS	C	0.26%
CASY	B	0.26%
SYY	B	0.25%
MET	A	0.25%
AEP	A	0.25%
AMGN	C	0.25%
HSY	C	0.25%
BLK	A	0.25%
K	D	0.25%
SHW	B	0.25%
AWK	A	0.25%
IP	B	0.25%
AVY	D	0.25%
SPGI	C	0.25%
EIX	A	0.25%
OKE	B	0.25%
WEC	A	0.25%
FOXA	A	0.25%
CNP	F	0.25%
AXP	A	0.25%
C	B	0.25%
LNG	A	0.25%
CHD	F	0.25%
RYAN	B	0.25%
PAYX	A	0.25%
STZ	F	0.25%
TYL	B	0.25%
BSX	D	0.25%
LYB	B	0.24%
TXN	B	0.24%
XOM	B	0.24%
EXPD	B	0.24%
AEE	B	0.24%
KHC	C	0.24%
TEL	B	0.24%
AON	B	0.24%
XYL	D	0.24%
CDW	D	0.24%
MDT	C	0.24%
VST	D	0.24%
ECL	D	0.24%
CPB	B	0.24%
HCA	A	0.24%
XEL	B	0.24%
IR	A	0.24%
ORLY	B	0.24%
RTX	A	0.24%
CME	F	0.24%
CAG	B	0.24%
CSX	C	0.24%
MDLZ	C	0.24%
HD	B	0.24%
REGN	B	0.24%
USFD	C	0.24%
FNF	B	0.23%
FDS	F	0.23%
GE	B	0.23%
PFE	C	0.23%
BAC	D	0.23%
WRB	B	0.23%
PFG	C	0.23%
AFG	B	0.23%
CVX	B	0.23%
EQH	B	0.23%
MS	B	0.23%
JKHY	B	0.23%
PTC	D	0.23%
ACM	C	0.23%
DRI	D	0.23%
BDX	C	0.23%
NDSN	C	0.23%
ELV	C	0.23%
PCG	B	0.23%
TDG	C	0.23%
CSCO	C	0.23%
GL	D	0.23%
PKG	A	0.23%
STE	A	0.23%
AZO	B	0.22%
GWW	B	0.22%
VMC	B	0.22%
IEX	D	0.22%
MKC	C	0.22%
FCNCA	B	0.22%
DHR	A	0.22%
FDX	B	0.22%
FICO	B	0.22%
ACN	C	0.22%
DOW	D	0.22%
MKL	B	0.22%
UNP	B	0.22%
LHX	C	0.22%
BMY	C	0.22%
AOS	C	0.22%
OMC	A	0.22%
SNA	B	0.22%
CRBG	C	0.22%
ACGL	D	0.22%
TMO	A	0.22%
TDY	B	0.22%
ROST	D	0.22%
FAST	C	0.22%
ADI	D	0.22%
ABT	C	0.22%
PCAR	F	0.21%
NEE	C	0.21%
IBKR	D	0.21%
NWSA	B	0.21%
MTD	B	0.21%
HII	B	0.21%
MLM	B	0.21%
JCI	C	0.21%
TSCO	D	0.21%
WFC	C	0.21%
SYF	B	0.21%
NVR	A	0.21%
INCY	C	0.21%
WSO	C	0.21%
PPG	F	0.21%
LII	B	0.21%
TPL	A	0.21%
STT	A	0.21%
CPRT	D	0.21%
NOC	A	0.21%
EXC	C	0.21%
EMR	B	0.21%
LOW	B	0.21%
CTSH	B	0.21%
J	C	0.21%
GILD	C	0.21%
PNC	A	0.21%
RPM	A	0.2%
COF	A	0.2%
CSL	C	0.2%
VLO	C	0.2%
KKR	B	0.2%
TXT	B	0.2%
CBRE	B	0.2%
AKAM	D	0.2%
APO	A	0.2%
CMCSA	C	0.2%
CPAY	C	0.2%
RJF	D	0.2%
SYK	D	0.2%
EG	B	0.2%
EOG	C	0.2%
DE	D	0.2%
GGG	C	0.2%
DD	B	0.2%
TAP	D	0.2%
HPE	D	0.2%
D	A	0.2%
ARES	A	0.2%
MAR	F	0.2%
CARR	B	0.2%
ROL	D	0.2%
ALLE	B	0.2%
PSX	C	0.2%
HBAN	B	0.19%
ETN	D	0.19%
MAS	B	0.19%
ZBH	D	0.19%
GPC	C	0.19%
MTB	B	0.19%
OXY	F	0.19%
OC	B	0.19%
SCI	A	0.19%
MPC	D	0.19%
CTRA	F	0.19%
SWKS	C	0.19%
EBAY	A	0.19%
PH	A	0.19%
IT	B	0.19%
COP	F	0.19%
BIIB	F	0.19%
NSC	B	0.19%
INTU	B	0.19%
ORCL	B	0.18%
MSCI	C	0.18%
SBUX	D	0.18%
FITB	A	0.18%
A	C	0.18%
LKQ	D	0.18%
RCL	C	0.18%
PFGC	C	0.18%
CAT	C	0.18%
VZ	B	0.18%
MNST	D	0.18%
MRO	C	0.18%
LEN	B	0.18%
FTV	F	0.18%
ISRG	B	0.18%
DHI	B	0.18%
PHM	B	0.18%
HUBB	C	0.18%
BBY	C	0.18%
VLTO	A	0.17%
AVTR	B	0.17%
ZTS	C	0.17%
NTRS	B	0.17%
RNR	B	0.17%
TER	D	0.17%
ADSK	C	0.17%
BAH	D	0.17%
RS	C	0.17%
RF	C	0.17%
APD	D	0.17%
LYV	C	0.17%
TOL	B	0.17%
DVN	D	0.17%
CFG	B	0.17%
WLK	D	0.17%
TROW	D	0.17%
UPS	F	0.17%
MANH	B	0.17%
CSGP	D	0.16%
SNPS	D	0.16%
CF	D	0.16%
ADBE	C	0.16%
CE	F	0.16%
PWR	D	0.16%
SLB	D	0.16%
TECH	B	0.16%
HAL	D	0.16%
KLAC	C	0.16%
AVGO	D	0.16%
FCX	D	0.16%
BMRN	D	0.16%
IQV	B	0.16%
VTRS	C	0.16%
DPZ	F	0.16%
CHK	F	0.16%
CLX	F	0.16%
EFX	A	0.16%
CHTR	C	0.16%
HUM	D	0.16%
LECO	D	0.16%
IPG	C	0.16%
MOH	D	0.16%
BX	B	0.16%
DINO	F	0.15%
ODFL	C	0.15%
KEYS	D	0.15%
LPLA	F	0.15%
POOL	C	0.15%
BLD	B	0.15%
BSY	F	0.15%
STLD	C	0.15%
H	D	0.15%
CRM	D	0.15%
GEHC	C	0.15%
WMG	F	0.15%
CDNS	F	0.15%
ALLY	A	0.15%
JBHT	D	0.15%
BALL	D	0.15%
RMD	B	0.15%
ADM	D	0.15%
CVS	D	0.15%
UHAL	B	0.15%
USB	C	0.15%
MCHP	D	0.15%
CI	B	0.15%
WAT	C	0.15%
NXPI	D	0.15%
DAL	D	0.15%
GPN	D	0.14%
URI	B	0.14%
OVV	F	0.14%
CPNG	D	0.14%
ROK	C	0.14%
DELL	F	0.14%
MGM	C	0.14%
SCHW	F	0.14%
DIS	F	0.14%
TGT	C	0.14%
CTVA	B	0.14%
AES	D	0.14%
FSLR	D	0.14%
NUE	D	0.14%
HRL	C	0.14%
WMS	B	0.14%
IDXX	F	0.13%
LRCX	D	0.13%
KEY	B	0.13%
PYPL	C	0.13%
AXON	C	0.13%
FIX	C	0.13%
ZM	D	0.13%
AMAT	D	0.13%
TRMB	D	0.13%
ZBRA	B	0.13%
UAL	D	0.13%
CEG	D	0.13%
DT	F	0.13%
BEN	D	0.13%
DVA	D	0.13%
BURL	A	0.13%
EQT	F	0.13%
PR	D	0.13%
DKS	C	0.13%
CRL	C	0.13%
MPWR	B	0.12%
DLTR	F	0.12%
EW	F	0.12%
APTV	F	0.12%
EDR	A	0.12%
ANET	C	0.12%
NKE	F	0.12%
LVS	F	0.12%
ENTG	F	0.12%
PODD	C	0.12%
ULTA	F	0.12%
WDAY	D	0.12%
WST	F	0.12%
F	D	0.12%
WYNN	F	0.12%
KMX	B	0.12%
DOCU	C	0.12%
KNSL	C	0.11%
PSTG	D	0.11%
TSLA	C	0.11%
DAY	D	0.11%
BRKR	D	0.11%
LUV	F	0.11%
DG	F	0.11%
TPR	D	0.11%
ABNB	F	0.11%
XPO	C	0.1%
EPAM	D	0.1%
TTD	D	0.1%
FND	F	0.1%
MSTR	C	0.1%
LW	F	0.1%
COTY	F	0.1%
JBL	F	0.09%
FTNT	F	0.09%
EXPE	D	0.09%
BLDR	C	0.09%
VRT	D	0.09%
ON	C	0.09%
DDOG	F	0.08%
RGEN	C	0.08%
SAIA	D	0.08%
ALB	F	0.07%
CVNA	C	0.07%
SQ	F	0.07%
COIN	D	0.07%
WBA	F	0.07%
PLTR	C	0.07%
DXCM	F	0.07%
ALGN	F	0.07%
EL	F	0.07%
AMD	F	0.07%
ELF	D	0.07%
FIVE	F	0.06%
ESTC	D	0.06%
LSCC	F	0.06%
ENPH	D	0.06%
CELH	F	0.05%
GEV	D	0.05%
SMCI	F	0.04%

CFA Underweight 38 Positions Relative to RAYD

Symbol	Grade	Weight
SPOT	A	-1.46%
BRBR	F	-1.22%
WFRD	D	-1.08%
MELI	C	-1.05%
ALL	C	-0.96%
DTM	A	-0.86%
NVS	A	-0.85%
SFM	B	-0.74%
MUSA	C	-0.62%
ANF	D	-0.6%
THC	B	-0.51%
MMM	A	-0.46%
CR	A	-0.44%
MU	D	-0.39%
PINS	F	-0.38%
TEAM	D	-0.38%
NU	D	-0.37%
ORI	A	-0.33%
HRB	A	-0.27%
CHKP	B	-0.27%
TEVA	B	-0.26%
GRAB	F	-0.26%
CRWD	F	-0.24%
LOGI	D	-0.24%
WING	D	-0.24%
FTI	A	-0.23%
TSN	A	-0.23%
XRX	F	-0.21%
WWD	D	-0.2%
RPRX	C	-0.2%
MNDY	D	-0.2%
AER	B	-0.18%
DASH	D	-0.18%
DBX	D	-0.18%
CYBR	C	-0.16%
LULU	F	-0.16%
NTNX	F	-0.16%
NRG	D	-0.14%