VCR vs. RAYD ETF Comparison

Comparison of Vanguard Consumer Discretion ETF - DNQ (VCR) to The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD)

VCR

Vanguard Consumer Discretion ETF - DNQ

VCR Description

The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Consumer Discretionary 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the consumer discretionary sector, as classified under the Global Industry Classification Standard (GICS). It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$363.08

Average Daily Volume

46,078

Number of Holdings ^*

288

* 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

$32.06

Average Daily Volume

6,228

Number of Holdings ^*

111

* may have additional holdings in another (foreign) market

Performance

Period	VCR	RAYD
30 Days	7.13%	1.84%
60 Days	8.24%	4.29%
90 Days	13.43%	5.77%
12 Months	29.51%	35.79%

15 Overlapping Holdings

Symbol	Grade	Weight in VCR	Weight in RAYD	Overlap
AMZN	B	21.67%	3.47%	3.47%
ANF	C	0.15%	0.48%	0.15%
AZO	C	0.95%	0.29%	0.29%
BKNG	A	2.46%	1.88%	1.88%
CMG	C	1.37%	0.36%	0.36%
DASH	A	0.72%	0.62%	0.62%
DECK	A	0.45%	0.43%	0.43%
GM	B	0.9%	0.35%	0.35%
GRMN	B	0.49%	0.35%	0.35%
HRB	D	0.19%	0.56%	0.19%
LULU	C	0.55%	0.18%	0.18%
MELI	D	1.62%	1.39%	1.39%
MUSA	B	0.2%	0.92%	0.2%
TXRH	B	0.23%	0.33%	0.23%
WING	D	0.24%	0.45%	0.24%

VCR Overweight 273 Positions Relative to RAYD

Symbol	Grade	Weight
TSLA	A	12.77%
HD	A	6.85%
MCD	D	3.76%
LOW	C	2.66%
TJX	A	2.29%
SBUX	A	1.91%
NKE	F	1.85%
ORLY	B	1.19%
MAR	B	1.06%
HLT	A	1.02%
DHI	D	1.0%
ABNB	D	0.97%
ROST	D	0.89%
LEN	D	0.81%
RCL	A	0.77%
F	C	0.73%
YUM	D	0.69%
EBAY	D	0.6%
NVR	D	0.56%
TSCO	D	0.56%
PHM	D	0.55%
BBY	D	0.38%
WSM	D	0.37%
APTV	F	0.37%
GPC	F	0.36%
EXPE	B	0.36%
DRI	C	0.36%
ULTA	F	0.35%
LVS	B	0.35%
CCL	A	0.35%
CVNA	A	0.35%
BURL	A	0.32%
TOL	B	0.31%
DKNG	B	0.31%
DPZ	C	0.28%
POOL	D	0.27%
BLD	F	0.25%
KMX	C	0.24%
DKS	D	0.24%
FND	F	0.24%
SCI	A	0.23%
LKQ	F	0.21%
TPR	B	0.21%
ARMK	C	0.2%
CZR	F	0.19%
TPX	B	0.19%
WYNN	D	0.19%
MGM	D	0.19%
DUOL	A	0.19%
HAS	D	0.19%
CROX	F	0.18%
CHDN	C	0.18%
SKX	F	0.18%
LAD	B	0.18%
NCLH	B	0.18%
MHK	D	0.18%
RIVN	F	0.17%
BWA	D	0.17%
VFC	C	0.16%
MTH	D	0.16%
TMHC	B	0.16%
RL	C	0.16%
BFAM	F	0.16%
LNW	F	0.16%
KBH	D	0.15%
MOD	A	0.15%
PLNT	A	0.15%
ETSY	D	0.14%
MTN	C	0.14%
OLLI	D	0.14%
WH	B	0.14%
GNTX	F	0.14%
GME	C	0.14%
MAT	D	0.14%
H	B	0.14%
ALV	C	0.14%
BC	D	0.13%
THO	C	0.13%
BOOT	D	0.13%
LEA	F	0.13%
WHR	B	0.13%
IBP	F	0.13%
BBWI	C	0.13%
HOG	F	0.12%
CHWY	B	0.12%
VVV	D	0.12%
RH	D	0.12%
CPRI	F	0.12%
MHO	D	0.12%
SKY	A	0.12%
GPI	B	0.12%
PVH	C	0.12%
TPH	D	0.11%
SIG	C	0.11%
W	D	0.11%
BYD	B	0.11%
AN	D	0.11%
GAP	D	0.11%
AEO	F	0.1%
LOPE	B	0.1%
SGBX	F	0.1%
BROS	A	0.1%
FTDR	B	0.1%
KTB	A	0.1%
FIVE	F	0.1%
ABG	B	0.1%
CHH	A	0.1%
PII	F	0.1%
ASO	F	0.1%
HBI	B	0.09%
ATGE	B	0.09%
GRBK	D	0.09%
PATK	D	0.09%
CVCO	A	0.09%
YETI	D	0.09%
LCID	F	0.09%
SHOO	D	0.09%
LRN	A	0.09%
EAT	A	0.09%
SHAK	C	0.09%
M	D	0.09%
LGIH	F	0.08%
PENN	C	0.08%
RRR	F	0.08%
GHC	B	0.08%
COLM	B	0.08%
WEN	C	0.08%
NWL	B	0.08%
LCII	D	0.08%
CCS	F	0.08%
TNL	B	0.08%
PAG	B	0.08%
DORM	B	0.08%
URBN	C	0.07%
VSCO	A	0.07%
UAA	C	0.07%
LAUR	A	0.07%
FL	F	0.07%
PTON	C	0.07%
CRI	F	0.07%
JWN	C	0.07%
VSTO	A	0.07%
PHIN	B	0.07%
VC	F	0.07%
HGV	C	0.07%
UA	C	0.06%
BKE	B	0.06%
WGO	D	0.06%
OSW	B	0.06%
EVRI	A	0.06%
SABR	B	0.06%
STRA	C	0.06%
ADNT	F	0.06%
SBH	B	0.06%
PZZA	F	0.06%
LEVI	F	0.06%
KSS	F	0.06%
GT	C	0.06%
GOLF	B	0.06%
QS	D	0.06%
LTH	C	0.06%
VAC	C	0.06%
CAKE	B	0.06%
LEG	F	0.06%
ADTN	A	0.06%
WWW	A	0.06%
LZB	B	0.06%
CAL	F	0.05%
MNRO	C	0.05%
OXM	F	0.05%
SONO	C	0.05%
HZO	F	0.05%
MODG	F	0.05%
DDS	B	0.05%
WINA	B	0.05%
SCVL	F	0.05%
FIGS	F	0.05%
RVLV	B	0.05%
PTLO	F	0.05%
WRBY	A	0.05%
HOV	D	0.05%
BZH	C	0.05%
THRM	F	0.05%
DFH	F	0.05%
XPEL	C	0.05%
CWH	C	0.05%
MCRI	A	0.05%
GIII	D	0.05%
PRDO	B	0.05%
UPBD	C	0.05%
FOXF	F	0.05%
AAP	D	0.05%
AXL	C	0.04%
MCW	C	0.04%
GTX	F	0.04%
BJRI	C	0.04%
PLYA	B	0.04%
PLAY	D	0.04%
ODP	F	0.04%
ACEL	C	0.04%
RGR	F	0.04%
JACK	D	0.04%
DNUT	F	0.04%
HELE	C	0.04%
GDEN	B	0.04%
SMP	C	0.04%
CBRL	C	0.04%
BLMN	F	0.04%
WOR	F	0.04%
ETD	D	0.04%
UTI	A	0.04%
CHUY	B	0.04%
SAH	B	0.04%
VZIO	A	0.04%
DAN	F	0.04%
MBUU	C	0.04%
COUR	F	0.04%
RICK	C	0.03%
LOVE	A	0.03%
LESL	C	0.03%
BALY	A	0.03%
WOOF	D	0.03%
DIN	C	0.03%
ARHS	F	0.03%
CSV	B	0.03%
KRUS	D	0.03%
ARKO	D	0.03%
GES	F	0.03%
FWRG	C	0.03%
UDMY	D	0.03%
SWBI	C	0.03%
EYE	C	0.03%
QRTEA	F	0.02%
GRPN	F	0.02%
IRBT	F	0.02%
LAZR	D	0.02%
ONEW	F	0.02%
TH	C	0.02%
SWIM	D	0.02%
GCO	C	0.02%
XPOF	B	0.02%
MOV	D	0.02%
LEGH	D	0.02%
CRCT	F	0.02%
CRMT	F	0.02%
SRI	F	0.02%
FNKO	D	0.02%
DBI	F	0.02%
AAN	B	0.02%
DENN	D	0.02%
BOWL	D	0.02%
ZUMZ	C	0.02%
LIND	B	0.02%
SNBR	F	0.02%
HVT	D	0.02%
PETS	C	0.01%
PLCE	C	0.01%
BH	A	0.01%
CLAR	D	0.01%
JOUT	F	0.01%
POWW	D	0.01%
GPRO	F	0.01%
SLDP	F	0.01%
CHGG	F	0.01%
COOK	D	0.01%
SFIX	B	0.01%
EWCZ	D	0.01%
LE	D	0.01%
FLWS	F	0.01%
AMRK	F	0.0%
GOEV	F	0.0%
TDUP	C	0.0%
WW	F	0.0%

VCR Underweight 96 Positions Relative to RAYD

Symbol	Grade	Weight
NVDA	A	-5.62%
AAPL	C	-5.42%
MSFT	D	-4.67%
GOOGL	B	-2.82%
COST	A	-2.39%
SPOT	B	-2.2%
BRBR	A	-1.62%
LLY	F	-1.51%
META	C	-1.48%
MO	A	-1.32%
MCK	A	-1.25%
SFM	A	-1.19%
MMM	D	-1.18%
T	A	-1.15%
PGR	B	-1.11%
COKE	C	-0.99%
HCA	F	-0.98%
CL	D	-0.95%
CVLT	B	-0.87%
ADP	B	-0.86%
ALL	A	-0.82%
THC	C	-0.8%
PM	A	-0.79%
MSI	B	-0.79%
APP	A	-0.74%
EVR	B	-0.72%
MORN	B	-0.68%
MU	D	-0.66%
NFLX	A	-0.64%
EXEL	B	-0.63%
TRGP	A	-0.6%
FTNT	B	-0.58%
COR	B	-0.56%
CRWD	B	-0.55%
PG	C	-0.54%
DFS	B	-0.51%
MRK	F	-0.51%
TEAM	A	-0.49%
MTG	D	-0.48%
V	A	-0.48%
FICO	B	-0.47%
LMT	D	-0.45%
PANW	B	-0.45%
ABBV	F	-0.42%
JNJ	D	-0.39%
GOOG	B	-0.39%
RBLX	B	-0.38%
ALNY	D	-0.36%
WFRD	F	-0.35%
ORI	A	-0.35%
GRAB	A	-0.34%
TMUS	B	-0.34%
ZM	B	-0.34%
CAH	B	-0.33%
GS	B	-0.33%
INTC	C	-0.33%
NOW	B	-0.32%
GWRE	A	-0.31%
VEEV	C	-0.3%
CNA	C	-0.29%
GDDY	A	-0.29%
SMAR	A	-0.29%
MCO	D	-0.29%
LPLA	A	-0.28%
HIG	B	-0.28%
VRSN	F	-0.26%
DOCU	B	-0.26%
CHKP	D	-0.25%
HSBH	A	-0.24%
HLI	B	-0.23%
LPX	B	-0.23%
TSN	B	-0.23%
DIS	B	-0.22%
XRX	F	-0.22%
LDOS	C	-0.21%
RMD	C	-0.21%
NTAP	C	-0.21%
UBER	F	-0.21%
HPQ	B	-0.2%
MANH	D	-0.2%
FTI	A	-0.2%
UTHR	C	-0.2%
LOGI	F	-0.19%
RGLD	C	-0.19%
UNH	C	-0.19%
VZ	C	-0.18%
DXCM	C	-0.18%
STX	D	-0.18%
WWD	B	-0.17%
MNDY	D	-0.16%
AER	B	-0.16%
NRG	B	-0.16%
CYBR	A	-0.16%
UHS	D	-0.16%
RPRX	F	-0.16%
ERIE	F	-0.16%