ETHV vs. RAVI
ETHV (VanEck Ethereum ETF) and RAVI (FlexShares Ultra-Short Income ETF) are both exchange-traded funds - ETHV is a Cryptocurrency fund tracking the MarketVector Ethereum Benchmark Rate, while RAVI is a Ultrashort Bond fund actively managed by FlexShares. ETHV is passively managed, while RAVI is actively managed. Over the past year, ETHV returned -32.55% vs 4.45% for RAVI. At a correlation of -0.01, they often move in opposite directions. ETHV charges 0.20%/yr vs 0.25%/yr for RAVI.
Performance
ETHV vs. RAVI - Performance Comparison
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Returns By Period
In the year-to-date period, ETHV achieves a -40.24% return, which is significantly lower than RAVI's 1.52% return.
ETHV
- 1D
- -1.33%
- 1M
- -25.17%
- YTD
- -40.24%
- 6M
- -43.60%
- 1Y
- -32.55%
- 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%
ETHV vs. RAVI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHV VanEck Ethereum ETF | -40.24% | -11.02% | -3.67% |
RAVI FlexShares Ultra-Short Income ETF | 1.52% | 4.98% | 2.37% |
Correlation
The correlation between ETHV 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 | -0.01 |
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Return for Risk
ETHV vs. RAVI — Risk / Return Rank
ETHV
RAVI
ETHV vs. RAVI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Ethereum ETF (ETHV) 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.
| ETHV | RAVI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.38 | ||
| Sortino ratioReturn per unit of downside risk | -23.77 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 5.33 | -4.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 38.26 | -38.78 |
| Martin ratioReturn relative to average drawdown | -0.86 | 229.11 | -229.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ETHV | RAVI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.48 | 10.91 | -11.38 |
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 | -2.45 |
Drawdowns
ETHV vs. RAVI - Drawdown Comparison
The maximum ETHV drawdown since its inception was -64.02%, which is greater than RAVI's maximum drawdown of -3.72%. Use the drawdown chart below to compare losses from any high point for ETHV and RAVI.
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Drawdown Indicators
| ETHV | RAVI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.02% | -3.72% | -60.30% |
Max Drawdown (1Y)Largest decline over 1 year | -63.36% | -0.12% | -63.24% |
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 | -63.36% | -0.00% | -63.36% |
Average DrawdownAverage peak-to-trough decline | -32.71% | -0.17% | -32.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.95% | 0.02% | +37.93% |
Volatility
ETHV vs. RAVI - Volatility Comparison
VanEck Ethereum ETF (ETHV) has a higher volatility of 9.71% compared to FlexShares Ultra-Short Income ETF (RAVI) at 0.15%. This indicates that ETHV'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.
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Volatility by Period
| ETHV | RAVI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.71% | 0.15% | +9.56% |
Volatility (6M)Calculated over the trailing 6-month period | 45.31% | 0.30% | +45.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.34% | 0.41% | +67.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.23% | 1.41% | +70.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.23% | 1.28% | +70.95% |
ETHV vs. RAVI - Expense Ratio Comparison
ETHV has a 0.20% 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
ETHV vs. RAVI - Dividend Comparison
ETHV 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ETHV VanEck Ethereum 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
ETHV 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.
ETHV has higher volatility (9.71%) compared to RAVI (0.15%). In terms of maximum drawdown, ETHV dropped -64.02% vs RAVI's -3.72%.
On 1-year performance, RAVI leads with 4.45% vs -32.55% for ETHV. On fees, ETHV is cheaper at 0.20% 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 -32.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ETHV is cheaper with a 0.20% expense ratio, compared with 0.25% for RAVI.
RAVI has the higher dividend yield at 4.38%, compared with 0.00% for ETHV.
ETHV is categorized as Cryptocurrency, while RAVI is Ultrashort Bond. They also come from different issuers: VanEck and FlexShares. Their fees differ too: 0.20% for ETHV and 0.25% for RAVI.
RAVI currently has the higher Sharpe Ratio (10.90 vs -0.48), 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.
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