ETH vs. RAVI
ETH (Grayscale Ethereum Staking Mini ETF) and RAVI (FlexShares Ultra-Short Income ETF) are both exchange-traded funds - ETH is a Cryptocurrency fund actively managed by Grayscale, while RAVI is a Ultrashort Bond fund actively managed by FlexShares. Both are actively managed. Over the past year, ETH returned -31.82% vs 4.45% for RAVI. At a correlation of -0.00, they often move in opposite directions. ETH charges 0.15%/yr vs 0.25%/yr for RAVI.
Performance
ETH vs. RAVI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETH achieves a -39.91% return, which is significantly lower than RAVI's 1.52% return.
ETH
- 1D
- -1.58%
- 1M
- -25.17%
- YTD
- -39.91%
- 6M
- -43.14%
- 1Y
- -31.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RAVI
- 1D
- -0.00%
- 1M
- 0.35%
- YTD
- 1.52%
- 6M
- 1.92%
- 1Y
- 4.45%
- 3Y*
- 5.20%
- 5Y*
- 3.50%
- 10Y*
- 2.67%
ETH vs. RAVI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETH Grayscale Ethereum Staking Mini ETF | -39.91% | -10.89% | -3.70% |
RAVI FlexShares Ultra-Short Income ETF | 1.52% | 4.98% | 2.37% |
Correlation
The correlation between ETH and RAVI is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024 | -0.00 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ETH vs. RAVI — Risk / Return Rank
ETH
RAVI
ETH vs. RAVI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Staking Mini ETF (ETH) and FlexShares Ultra-Short Income ETF (RAVI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ETH | RAVI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.37 | ||
| Sortino ratioReturn per unit of downside risk | -23.75 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 5.33 | -4.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 38.26 | -38.77 |
| Martin ratioReturn relative to average drawdown | -0.85 | 229.11 | -229.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ETH | RAVI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.47 | 10.91 | -11.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.49 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 2.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.42 | 2.03 | -2.44 |
Drawdowns
ETH vs. RAVI - Drawdown Comparison
The maximum ETH drawdown since its inception was -64.01%, which is greater than RAVI's maximum drawdown of -3.72%. Use the drawdown chart below to compare losses from any high point for ETH and RAVI.
Loading charts...
Drawdown Indicators
| ETH | RAVI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.01% | -3.72% | -60.29% |
Max Drawdown (1Y)Largest decline over 1 year | -62.99% | -0.12% | -62.87% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -3.28% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.72% | — |
Current DrawdownCurrent decline from peak | -62.99% | -0.00% | -62.99% |
Average DrawdownAverage peak-to-trough decline | -32.64% | -0.17% | -32.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.71% | 0.02% | +37.69% |
Volatility
ETH vs. RAVI - Volatility Comparison
Grayscale Ethereum Staking Mini ETF (ETH) has a higher volatility of 9.68% compared to FlexShares Ultra-Short Income ETF (RAVI) at 0.15%. This indicates that ETH's price experiences larger fluctuations and is considered to be riskier than RAVI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ETH | RAVI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.68% | 0.15% | +9.53% |
Volatility (6M)Calculated over the trailing 6-month period | 45.30% | 0.30% | +45.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.25% | 0.41% | +67.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.19% | 1.41% | +70.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.19% | 1.28% | +70.91% |
ETH vs. RAVI - Expense Ratio Comparison
ETH has a 0.15% expense ratio, which is lower than RAVI's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ETH vs. RAVI - Dividend Comparison
ETH has not paid dividends to shareholders, while RAVI's dividend yield for the trailing twelve months is around 4.38%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ETH Grayscale Ethereum Staking Mini ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RAVI FlexShares Ultra-Short Income ETF | 4.38% | 4.59% | 5.34% | 4.55% | 1.70% | 0.90% | 1.29% | 2.53% | 2.22% | 1.28% | 0.90% |
Frequently Asked Questions
ETH and RAVI have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETH has higher volatility (9.68%) compared to RAVI (0.15%). In terms of maximum drawdown, ETH dropped -64.01% vs RAVI's -3.72%.
On 1-year performance, RAVI leads with 4.45% vs -31.82% for ETH. On fees, ETH is cheaper at 0.15% per year. On volatility, RAVI has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, RAVI has performed better with a 4.45% return vs -31.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ETH is cheaper with a 0.15% expense ratio, compared with 0.25% for RAVI.
RAVI has the higher dividend yield at 4.38%, compared with 0.00% for ETH.
ETH is categorized as Cryptocurrency, while RAVI is Ultrashort Bond. They also come from different issuers: Grayscale and FlexShares. Their fees differ too: 0.15% for ETH and 0.25% for RAVI.
RAVI currently has the higher Sharpe Ratio (10.90 vs -0.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for ETH and RAVI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer