FEDM vs. RAVI
Compare and contrast key facts about FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) and FlexShares Ultra-Short Income ETF (RAVI).
FEDM and RAVI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FEDM is a passively managed fund by FlexShares that tracks the performance of the Northern Trust ESG & Climate Developed Markets ex-US Core Index - Benchmark TR Net. It was launched on Sep 20, 2021. RAVI is an actively managed fund by FlexShares. It was launched on Oct 9, 2012.
Performance
FEDM vs. RAVI - Performance Comparison
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FEDM vs. RAVI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FEDM FlexShares ESG & Climate Developed Markets ex-US Core Index Fund | 0.51% | 26.85% | 2.85% | 17.39% | -15.25% | 1.87% |
RAVI FlexShares Ultra-Short Income ETF | 0.72% | 4.98% | 5.67% | 5.55% | 0.15% | -0.37% |
Returns By Period
In the year-to-date period, FEDM achieves a 0.51% return, which is significantly lower than RAVI's 0.72% return.
FEDM
- 1D
- 1.27%
- 1M
- -5.09%
- YTD
- 0.51%
- 6M
- 3.68%
- 1Y
- 20.30%
- 3Y*
- 12.43%
- 5Y*
- —
- 10Y*
- —
RAVI
- 1D
- 0.00%
- 1M
- 0.08%
- YTD
- 0.72%
- 6M
- 1.90%
- 1Y
- 4.35%
- 3Y*
- 5.24%
- 5Y*
- 3.38%
- 10Y*
- 2.61%
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FEDM vs. RAVI - Expense Ratio Comparison
FEDM has a 0.12% 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%.
Return for Risk
FEDM vs. RAVI — Risk / Return Rank
FEDM
RAVI
FEDM vs. RAVI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) 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.
| FEDM | RAVI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 8.51 | -7.41 |
Sortino ratioReturn per unit of downside risk | 1.64 | 14.39 | -12.75 |
Omega ratioGain probability vs. loss probability | 1.23 | 3.85 | -2.62 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 12.00 | -10.28 |
Martin ratioReturn relative to average drawdown | 6.47 | 77.37 | -70.90 |
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
| FEDM | RAVI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 8.51 | -7.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.40 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 2.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 1.99 | -1.59 |
Correlation
The correlation between FEDM and RAVI is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FEDM vs. RAVI - Dividend Comparison
FEDM's dividend yield for the trailing twelve months is around 2.98%, less than RAVI's 4.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FEDM FlexShares ESG & Climate Developed Markets ex-US Core Index Fund | 2.98% | 2.97% | 2.94% | 2.61% | 2.53% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RAVI FlexShares Ultra-Short Income ETF | 4.47% | 4.59% | 5.34% | 4.55% | 1.70% | 0.90% | 1.29% | 2.53% | 2.22% | 1.28% | 0.90% |
Drawdowns
FEDM vs. RAVI - Drawdown Comparison
The maximum FEDM drawdown since its inception was -29.37%, which is greater than RAVI's maximum drawdown of -3.72%. Use the drawdown chart below to compare losses from any high point for FEDM and RAVI.
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Drawdown Indicators
| FEDM | RAVI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.37% | -3.72% | -25.65% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -0.36% | -11.56% |
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 | -7.11% | 0.00% | -7.11% |
Average DrawdownAverage peak-to-trough decline | -7.14% | -0.18% | -6.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 0.06% | +3.11% |
Volatility
FEDM vs. RAVI - Volatility Comparison
FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) has a higher volatility of 7.48% compared to FlexShares Ultra-Short Income ETF (RAVI) at 0.16%. This indicates that FEDM'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
| FEDM | RAVI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.48% | 0.16% | +7.32% |
Volatility (6M)Calculated over the trailing 6-month period | 12.93% | 0.28% | +12.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.54% | 0.51% | +18.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.40% | 1.41% | +14.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 1.29% | +15.11% |