FlexShares Ultra-Short Income ETF (RAVI) belongs to the Ultrashort Bond category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with RAVI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RAVI
RAVI charges 0.25% annually. There are 52 ETFs in the Ultrashort Bond category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| BondBloxx Bloomberg Six Month Target Duration US T... | 0.03% | 1.91B | Sep 2022 | RAVI vs XHLF | |
| BondBloxx Bloomberg One Year Target Duration US Tr... | 0.03% | 758.60M | Sep 2022 | RAVI vs XONE | |
| State Street SPDR Portfolio Ultra Short T-Bill ETF | 0.05% | 13.77M | Oct 2025 | RAVI vs SPTU | |
| Xtrackers US 0-1 Year Treasury ETF | 0.06% | — | Oct 2024 | RAVI vs TRSY | |
| Global X 1-3 Month T-Bill ETF | 0.07% | 2.61B | Jun 2023 | RAVI vs CLIP |
Best Risk-Adjusted Alternatives to RAVI
RAVI has a PortfoliosLab risk / return rank of 99. There are 24 ETFs in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 100 | 97.69B | May 2020 | RAVI vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 100 | 46.75B | May 2007 | RAVI vs BIL | |
| Invesco Short Term Treasury ETF | 100 | 2.59B | Jan 2017 | RAVI vs TBLL | |
| Vanguard 0-3 Month Treasury Bill ETF | 100 | 8.40B | Feb 2025 | RAVI vs VBIL | |
| PIMCO Ultra Short Government Active Exchange-Trade... | 100 | 1.03B | Jun 2023 | RAVI vs BILZ |
Top Performing RAVI Alternatives (YTD)
RAVI is at 1.88% YTD. There are 34 ETFs in the Ultrashort Bond category with higher YTD returns, going as high as 2.99%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| American Century Multisector Floating Income ETF | 2.99% | 22.67M | Mar 2023 | RAVI vs FUSI | |
| CrossingBridge Ultra-Short Duration ETF | 2.92% | 14.84M | Sep 2021 | RAVI vs CUSD | |
| NEOS Enhanced Income 1-3 Month T-Bill ETF | 2.66% | 1.45B | Aug 2022 | RAVI vs CSHI | |
| VanEck IG Floating Rate ETF | 2.54% | 2.89B | Apr 2011 | RAVI vs FLTR | |
| Simplify Treasury Option Income ETF | 2.36% | 474.96M | Oct 2022 | RAVI vs BUCK |
Lowest Volatility Alternatives to RAVI
RAVI has 0.41% 1-year volatility. There are 22 ETFs in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.19%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 0.19% | 97.69B | May 2020 | RAVI vs SGOV | |
| Invesco Short Term Treasury ETF | 0.20% | 2.59B | Jan 2017 | RAVI vs TBLL | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.20% | 46.75B | May 2007 | RAVI vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | 0.21% | 20.86B | Jan 2007 | RAVI vs SHV | |
| PIMCO Ultra Short Government Active Exchange-Trade... | 0.21% | 1.03B | Jun 2023 | RAVI vs BILZ |
Lowest Drawdown Alternatives to RAVI
RAVI has a 1-year max drawdown of -0.12%. There are 26 ETFs in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as -0.01%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard 0-3 Month Treasury Bill ETF | -0.01% | 8.40B | Feb 2025 | RAVI vs VBIL | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.01% | 46.75B | May 2007 | RAVI vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.01% | 97.69B | May 2020 | RAVI vs SGOV | |
| Global X 1-3 Month T-Bill ETF | -0.02% | 2.61B | Jun 2023 | RAVI vs CLIP | |
| PIMCO Ultra Short Government Active Exchange-Trade... | -0.02% | 1.03B | Jun 2023 | RAVI vs BILZ |
Other ETFs from FlexShares
The 7 most viewed FlexShares ETFs shown here include NFRA, QDEF, QDF and span 6 categories. AUM among these funds goes as high as $3B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| FlexShares STOXX Global Broad Infrastructure Index... | Utilities Equities | 46 | 9.36% | 2.99B | Oct 2013 | RAVI vs NFRA | |
| FlexShares Quality Dividend Defensive Index Fund | Large Cap Value Equities, Dividend | 78 | 9.23% | 542.07M | Dec 2012 | RAVI vs QDEF | |
| FlexShares Quality Dividend Index Fund | Large Cap Value Equities, Dividend | 77 | 11.99% | 2.21B | Dec 2012 | RAVI vs QDF | |
| FlexShares ESG & Climate Developed Markets ex-US C... | Foreign Large Cap Equities | 37 | 7.39% | 76.94M | Sep 2021 | RAVI vs FEDM | |
| FlexShares Morningstar US Market Factor Tilt Index... | Large Cap Blend Equities | 72 | 11.64% | 2.19B | Sep 2011 | RAVI vs TILT | |
| FlexShares ESG & Climate US Large Cap Core Index F... | Large Cap Blend Equities | 61 | 9.96% | 112.66M | Sep 2021 | RAVI vs FEUS | |
| FlexShares ESG & Climate Investment Grade Corporat... | Corporate Bonds | 28 | -0.45% | 50.44M | Sep 2021 | RAVI vs FEIG |
Often Compared With RAVI
Investors most often compare RAVI with GSST, USTB, ICSH. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare RAVI with Any Fund or Stock
Compare RAVI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RAVI with funds that move differently
FlexShares Ultra-Short Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RAVI.
Explore RAVI Diversifiers