RAYD vs. USVM ETF Comparison

Comparison of The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD) to VictoryShares USAA MSCI USA Small Cap Value Momentum ETF (USVM)

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

$30.39

Average Daily Volume

6,413

Number of Holdings ^*

111

* may have additional holdings in another (foreign) market

USVM

VictoryShares USAA MSCI USA Small Cap Value Momentum ETF

USVM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the MSCI USA Small Cap Select Value Momentum Blend Index. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is designed to deliver exposure to equity securities of small-capitalization U.S. issuers within the MSCI USA Small Cap Index (the parent index) that have higher exposure to value and momentum factors while also maintaining moderate index turnover and lower realized volatility than traditional capitalization weighted indexes.

Grade (RS Rating)

Last Trade

$83.40

Average Daily Volume

13,568

Number of Holdings ^*

275

* may have additional holdings in another (foreign) market

Performance

Period	RAYD	USVM
30 Days	1.01%	2.20%
60 Days	3.69%	2.95%
90 Days	3.14%	8.37%
12 Months	29.29%	26.99%

16 Overlapping Holdings

Symbol	Grade	Weight in RAYD	Weight in USVM	Overlap
ANF	D	0.5%	0.17%	0.17%
APP	B	0.33%	0.2%	0.2%
COKE	C	0.39%	0.46%	0.39%
DTM	B	0.85%	0.71%	0.71%
EME	B	1.5%	0.41%	0.41%
HRB	C	0.3%	0.56%	0.3%
MEDP	D	0.52%	0.23%	0.23%
MTG	B	0.2%	0.63%	0.2%
MUSA	C	0.64%	0.6%	0.6%
NRG	C	0.15%	0.38%	0.15%
RGA	B	0.65%	0.57%	0.57%
SFM	B	0.88%	0.49%	0.49%
THC	B	0.51%	0.33%	0.33%
UTHR	C	0.19%	0.54%	0.19%
WING	B	0.26%	0.36%	0.26%
XRX	F	0.22%	0.2%	0.2%

RAYD Overweight 95 Positions Relative to USVM

Symbol	Grade	Weight
NVDA	D	6.08%
AAPL	D	5.21%
MSFT	C	5.07%
AMZN	C	3.3%
COST	C	2.5%
GOOGL	D	2.12%
LLY	C	1.87%
BKNG	B	1.85%
MA	B	1.8%
SPOT	B	1.44%
BRBR	B	1.42%
MELI	B	1.33%
META	A	1.24%
PGR	A	1.12%
MCK	F	1.1%
ALL	A	1.04%
NVS	C	0.85%
JNJ	B	0.84%
PANW	D	0.81%
MO	C	0.8%
T	B	0.78%
CL	C	0.65%
MORN	C	0.64%
MRK	D	0.63%
PG	C	0.59%
MMC	C	0.59%
IBM	B	0.57%
MMM	B	0.57%
ADP	B	0.52%
ABBV	C	0.5%
CMI	C	0.48%
V	B	0.47%
DECK	C	0.46%
VRTX	D	0.46%
PRU	C	0.44%
CRWD	F	0.44%
CR	C	0.41%
NU	B	0.41%
HCA	B	0.41%
WFRD	F	0.4%
GM	B	0.39%
CMG	C	0.38%
NFLX	B	0.37%
GOOG	D	0.36%
TEAM	F	0.35%
ORI	A	0.34%
VRSK	D	0.34%
GRMN	D	0.32%
MU	F	0.3%
VEEV	C	0.3%
HIG	A	0.29%
GS	D	0.28%
PINS	F	0.28%
CHKP	C	0.28%
INTC	F	0.28%
TEVA	C	0.27%
GRAB	B	0.26%
VRSN	D	0.26%
TW	A	0.25%
GDDY	C	0.25%
TSN	C	0.24%
ERIE	A	0.22%
UBER	C	0.22%
NTAP	D	0.22%
DASH	C	0.22%
PM	C	0.21%
FANG	D	0.21%
FICO	A	0.21%
SMAR	B	0.21%
VZ	B	0.21%
LOGI	D	0.21%
HLI	B	0.2%
LPLA	D	0.2%
DIS	D	0.2%
DFS	C	0.2%
HUBS	D	0.2%
STX	D	0.2%
NKE	D	0.2%
TRGP	B	0.2%
MANH	B	0.2%
ALNY	B	0.19%
HPQ	D	0.19%
NTNX	C	0.19%
WWD	D	0.18%
DBX	D	0.18%
RPRX	C	0.18%
TPL	C	0.18%
MNDY	B	0.18%
FTI	D	0.18%
DXCM	F	0.18%
AER	C	0.17%
LDOS	C	0.17%
LULU	D	0.16%
CYBR	D	0.16%
NBIX	F	0.14%

RAYD Underweight 259 Positions Relative to USVM

Symbol	Grade	Weight
INGR	A	-0.75%
ENSG	C	-0.7%
GBDC	C	-0.7%
NHI	A	-0.66%
CVLT	B	-0.65%
CACI	B	-0.65%
PSN	B	-0.65%
GWRE	A	-0.64%
FFIV	A	-0.64%
INVA	B	-0.63%
ESNT	B	-0.62%
EHC	B	-0.62%
JEF	B	-0.61%
SBRA	B	-0.6%
POST	C	-0.6%
CSWI	B	-0.59%
MDU	B	-0.58%
CNO	B	-0.58%
UHS	B	-0.58%
PBH	B	-0.56%
AKR	C	-0.56%
AIZ	B	-0.56%
SF	A	-0.54%
PINC	C	-0.54%
CLH	B	-0.51%
RDN	B	-0.51%
TAP	C	-0.5%
UNM	B	-0.5%
SNDR	B	-0.49%
IDCC	B	-0.49%
ESGR	D	-0.49%
SKT	B	-0.49%
HSIC	C	-0.49%
HNI	B	-0.49%
COOP	B	-0.49%
ARW	C	-0.49%
AGO	C	-0.48%
BPOP	C	-0.48%
GEF	D	-0.48%
GHC	C	-0.48%
GRBK	B	-0.47%
EXEL	B	-0.47%
MLI	B	-0.47%
AVT	D	-0.47%
TXRH	D	-0.46%
NSIT	C	-0.46%
CNX	A	-0.46%
SNX	D	-0.46%
MOG.A	B	-0.45%
EXP	B	-0.45%
R	B	-0.45%
VRNS	C	-0.44%
ALSN	B	-0.44%
JLL	B	-0.43%
RLJ	D	-0.43%
SAIC	C	-0.43%
STC	B	-0.43%
PATK	B	-0.42%
SWX	C	-0.42%
MHK	B	-0.42%
CALM	B	-0.42%
TGNA	C	-0.41%
AYI	B	-0.41%
NAVI	C	-0.41%
BIO	C	-0.41%
GNW	B	-0.41%
ADMA	B	-0.41%
H	C	-0.41%
CUZ	B	-0.41%
PFSI	B	-0.41%
TNC	D	-0.41%
IIPR	B	-0.4%
PLUS	B	-0.4%
GMS	C	-0.4%
SLM	C	-0.4%
LRN	B	-0.4%
VCTR	B	-0.4%
TMHC	B	-0.39%
GPI	B	-0.39%
HQY	C	-0.39%
UVV	D	-0.39%
ESAB	C	-0.39%
RUSHA	C	-0.39%
FSS	D	-0.39%
AL	D	-0.38%
MATX	C	-0.38%
ASB	D	-0.38%
APG	D	-0.38%
KBH	B	-0.38%
SPB	B	-0.38%
TPH	C	-0.38%
OMF	C	-0.37%
TOL	B	-0.37%
CACC	D	-0.37%
ARI	F	-0.37%
DXC	C	-0.37%
MHO	B	-0.37%
VNT	D	-0.37%
JXN	B	-0.37%
CHRD	F	-0.36%
SKX	C	-0.36%
ESRT	B	-0.36%
JBGS	B	-0.36%
QRVO	F	-0.36%
SKYW	C	-0.36%
AROC	C	-0.35%
BECN	D	-0.35%
CMC	D	-0.35%
NMRK	B	-0.35%
GPOR	C	-0.35%
HIW	B	-0.35%
UFPI	C	-0.35%
ITGR	B	-0.35%
CHK	D	-0.35%
IVZ	C	-0.35%
ROAD	B	-0.35%
RL	B	-0.34%
ENOV	F	-0.34%
CRC	C	-0.34%
IAC	C	-0.34%
CCS	B	-0.34%
AN	D	-0.33%
PRIM	C	-0.33%
MTH	B	-0.33%
MTSI	D	-0.33%
PHIN	B	-0.33%
SEM	D	-0.33%
CXW	F	-0.32%
WGO	D	-0.32%
COLL	B	-0.32%
VSH	D	-0.32%
DVA	B	-0.32%
QTWO	B	-0.32%
DINO	D	-0.32%
GIII	C	-0.31%
OVV	D	-0.31%
FYBR	C	-0.31%
BHF	D	-0.31%
AZZ	C	-0.31%
GFF	C	-0.31%
THO	D	-0.31%
CRL	D	-0.31%
CAL	F	-0.31%
UGI	C	-0.31%
PRGO	D	-0.31%
RDNT	B	-0.3%
PR	D	-0.3%
COHR	B	-0.3%
AZTA	D	-0.3%
LPX	B	-0.3%
AMWD	C	-0.3%
VSTO	B	-0.3%
NXST	D	-0.3%
ANDE	D	-0.3%
TTMI	D	-0.29%
BTU	D	-0.29%
ABG	F	-0.29%
INSW	D	-0.29%
CWEN	B	-0.29%
GEO	F	-0.28%
MOS	F	-0.28%
CNM	F	-0.28%
VNO	B	-0.28%
BCC	C	-0.28%
SCS	B	-0.28%
NTRA	B	-0.28%
IBP	C	-0.28%
NTCT	D	-0.28%
SLVM	B	-0.28%
FIX	B	-0.28%
PK	D	-0.28%
PEB	D	-0.28%
GKOS	D	-0.27%
BZH	B	-0.27%
LNC	D	-0.27%
IDYA	F	-0.27%
UAA	C	-0.27%
AMKR	F	-0.27%
ALLY	F	-0.27%
CUBI	F	-0.27%
DKS	D	-0.27%
KRC	B	-0.27%
SM	D	-0.27%
CIVI	F	-0.27%
UFPT	C	-0.26%
NATL	D	-0.26%
BLD	D	-0.26%
LEVI	C	-0.26%
ATSG	D	-0.26%
XPO	D	-0.25%
HE	F	-0.25%
AEO	D	-0.25%
WSM	C	-0.25%
REVG	C	-0.25%
SLG	B	-0.25%
MAC	B	-0.25%
GBX	C	-0.25%
OGN	D	-0.24%
ODP	F	-0.24%
IESC	C	-0.24%
VECO	F	-0.24%
WOR	F	-0.24%
SAH	D	-0.24%
FWRG	F	-0.24%
VCEL	D	-0.23%
MSGE	B	-0.23%
MOD	C	-0.23%
SANM	D	-0.23%
INFA	D	-0.23%
DFH	C	-0.22%
ONTO	F	-0.22%
HCC	F	-0.22%
DDS	D	-0.22%
ARCH	F	-0.22%
PBF	F	-0.21%
UCTT	F	-0.21%
STRL	B	-0.21%
RYI	F	-0.21%
RAMP	F	-0.21%
GES	F	-0.21%
FTRE	F	-0.21%
PVH	F	-0.21%
TDS	C	-0.2%
ALGT	F	-0.2%
CVNA	B	-0.19%
ELAN	D	-0.19%
FORM	F	-0.19%
RXST	C	-0.19%
VSTS	D	-0.19%
CLF	F	-0.19%
GT	F	-0.19%
JBLU	D	-0.18%
SMTC	C	-0.18%
SIG	C	-0.18%
JELD	D	-0.18%
USM	C	-0.18%
PLAB	F	-0.18%
KSS	F	-0.17%
M	F	-0.17%
LPG	F	-0.17%
SATS	B	-0.16%
VIR	F	-0.16%
HPP	D	-0.16%
DYN	D	-0.15%
OSCR	B	-0.15%
PARA	F	-0.15%
OMI	D	-0.15%
VERA	C	-0.14%
POWL	C	-0.13%
VKTX	C	-0.13%
AMR	F	-0.13%
MPW	C	-0.13%
CAR	F	-0.12%
GAP	F	-0.12%
CENX	D	-0.12%
MSTR	D	-0.12%
HTZ	D	-0.1%
CHGG	F	-0.09%
CLSK	F	-0.08%