FlexShares Ready Access Variable Income Fund (RAVI)
RAVI is an actively managed ETF by Northern Trust. RAVI launched on Oct 9, 2012 and has a 0.25% expense ratio.
ETF Info
| ISIN | US33939L8862 |
|---|---|
| CUSIP | 33939L886 |
| Issuer | Northern Trust |
| Inception Date | Oct 9, 2012 |
| Region | Global (Broad) |
| Category | Total Bond Market, Actively Managed |
| Index Tracked | No Index (Active) |
| Asset Class | Bond |
Expense Ratio
The FlexShares Ready Access Variable Income Fund has a high expense ratio of 0.25%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: RAVI vs. TLT, RAVI vs. FALN, RAVI vs. MINT
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in FlexShares Ready Access Variable Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
FlexShares Ready Access Variable Income Fund had a return of 1.75% year-to-date (YTD) and 5.80% in the last 12 months. Over the past 10 years, FlexShares Ready Access Variable Income Fund had an annualized return of 1.78%, while the S&P 500 had an annualized return of 10.42%, indicating that FlexShares Ready Access Variable Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.75% | 5.05% |
| 1 month | 0.37% | -4.27% |
| 6 months | 3.08% | 18.82% |
| 1 year | 5.80% | 21.22% |
| 5 years (annualized) | 2.29% | 11.38% |
| 10 years (annualized) | 1.78% | 10.42% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.56% | 0.40% | 0.45% | |||||||||
| 2023 | 0.38% | 0.42% | 0.59% | 0.61% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
FlexShares Ready Access Variable Income Fund(RAVI)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for FlexShares Ready Access Variable Income Fund (RAVI) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
FlexShares Ready Access Variable Income Fund granted a 4.90% dividend yield in the last twelve months. The annual payout for that period amounted to $3.69 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.69 | $3.41 | $1.27 | $0.68 | $0.98 | $1.91 | $1.67 | $0.96 | $0.68 | $0.49 | $0.50 | $0.31 |
Dividend yield | 4.90% | 4.55% | 1.70% | 0.90% | 1.29% | 2.52% | 2.22% | 1.28% | 0.90% | 0.66% | 0.67% | 0.41% |
Monthly Dividends
The table displays the monthly dividend distributions for FlexShares Ready Access Variable Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.34 | $0.31 | |||||||||
| 2023 | $0.00 | $0.24 | $0.22 | $0.25 | $0.26 | $0.28 | $0.28 | $0.30 | $0.30 | $0.31 | $0.32 | $0.67 |
| 2022 | $0.00 | $0.03 | $0.03 | $0.03 | $0.05 | $0.07 | $0.08 | $0.11 | $0.14 | $0.14 | $0.18 | $0.41 |
| 2021 | $0.00 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.27 |
| 2020 | $0.00 | $0.14 | $0.12 | $0.12 | $0.11 | $0.10 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.12 |
| 2019 | $0.00 | $0.17 | $0.16 | $0.18 | $0.17 | $0.17 | $0.17 | $0.15 | $0.16 | $0.15 | $0.15 | $0.27 |
| 2018 | $0.00 | $0.10 | $0.10 | $0.13 | $0.13 | $0.13 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.34 |
| 2017 | $0.00 | $0.07 | $0.06 | $0.06 | $0.06 | $0.08 | $0.08 | $0.08 | $0.09 | $0.09 | $0.09 | $0.21 |
| 2016 | $0.00 | $0.04 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.11 |
| 2015 | $0.00 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.13 |
| 2014 | $0.00 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.17 |
| 2013 | $0.02 | $0.02 | $0.03 | $0.03 | $0.01 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.06 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the FlexShares Ready Access Variable Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the FlexShares Ready Access Variable Income Fund was 3.72%, occurring on Mar 20, 2020. Recovery took 43 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -3.72% | Mar 4, 2020 | 13 | Mar 20, 2020 | 43 | May 21, 2020 | 56 |
| -3.28% | Sep 14, 2021 | 151 | Apr 19, 2022 | 185 | Jan 12, 2023 | 336 |
| -0.77% | Feb 12, 2016 | 23 | Mar 16, 2016 | 55 | Jun 3, 2016 | 78 |
| -0.66% | Oct 9, 2015 | 59 | Jan 4, 2016 | 24 | Feb 8, 2016 | 83 |
| -0.6% | Mar 27, 2015 | 65 | Jul 1, 2015 | 68 | Oct 7, 2015 | 133 |
Volatility
Volatility Chart
The current FlexShares Ready Access Variable Income Fund volatility is 0.11%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.