FEIG vs. RAVI
FEIG (FlexShares ESG & Climate Investment Grade Corporate Core Index Fund) and RAVI (FlexShares Ultra-Short Income ETF) are both exchange-traded funds - FEIG is a Corporate Bonds fund tracking the Northern Trust ESG & Climate Investment Grade U.S. Corporate Core TR, while RAVI is a Ultrashort Bond fund actively managed by FlexShares. FEIG is passively managed, while RAVI is actively managed. Over the past 3 years, FEIG returned 5.02%/yr vs 5.20%/yr for RAVI. At a 0.41 correlation, their price movements are largely independent. FEIG charges 0.12%/yr vs 0.25%/yr for RAVI.
Performance
FEIG vs. RAVI - Performance Comparison
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Returns By Period
In the year-to-date period, FEIG achieves a 0.70% return, which is significantly lower than RAVI's 1.51% return.
FEIG
- 1D
- 0.07%
- 1M
- 0.56%
- YTD
- 0.70%
- 6M
- 0.72%
- 1Y
- 6.02%
- 3Y*
- 5.02%
- 5Y*
- —
- 10Y*
- —
RAVI
- 1D
- 0.01%
- 1M
- 0.36%
- YTD
- 1.51%
- 6M
- 1.92%
- 1Y
- 4.51%
- 3Y*
- 5.20%
- 5Y*
- 3.50%
- 10Y*
- 2.67%
FEIG vs. RAVI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FEIG FlexShares ESG & Climate Investment Grade Corporate Core Index Fund | 0.70% | 7.31% | 1.75% | 8.57% | -15.91% | -1.46% |
RAVI FlexShares Ultra-Short Income ETF | 1.51% | 4.98% | 5.67% | 5.55% | 0.15% | -0.37% |
Correlation
The correlation between FEIG and RAVI is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.41 |
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Return for Risk
FEIG vs. RAVI — Risk / Return Rank
FEIG
RAVI
FEIG vs. RAVI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG) 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.
| FEIG | RAVI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 11.04 | -9.67 |
Sortino ratioReturn per unit of downside risk | 2.03 | 23.73 | -21.70 |
Omega ratioGain probability vs. loss probability | 1.24 | 5.40 | -4.16 |
Calmar ratioReturn relative to maximum drawdown | 2.10 | 39.12 | -37.03 |
Martin ratioReturn relative to average drawdown | 6.41 | 228.71 | -222.30 |
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
| FEIG | RAVI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 11.04 | -9.67 |
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 | -0.03 | 2.03 | -2.06 |
Drawdowns
FEIG vs. RAVI - Drawdown Comparison
The maximum FEIG drawdown since its inception was -22.26%, which is greater than RAVI's maximum drawdown of -3.72%. Use the drawdown chart below to compare losses from any high point for FEIG and RAVI.
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Drawdown Indicators
| FEIG | RAVI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.26% | -3.72% | -18.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -0.12% | -2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -6.67% | -0.36% | -6.31% |
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 | -1.34% | 0.00% | -1.34% |
Average DrawdownAverage peak-to-trough decline | -9.52% | -0.17% | -9.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.02% | +0.90% |
Volatility
FEIG vs. RAVI - Volatility Comparison
FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG) has a higher volatility of 1.52% compared to FlexShares Ultra-Short Income ETF (RAVI) at 0.15%. This indicates that FEIG'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
| FEIG | RAVI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 0.15% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 3.28% | 0.30% | +2.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.40% | 0.41% | +3.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.40% | 1.41% | +5.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.40% | 1.28% | +6.12% |
FEIG vs. RAVI - Expense Ratio Comparison
FEIG 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%.
Dividends
FEIG vs. RAVI - Dividend Comparison
FEIG's dividend yield for the trailing twelve months is around 4.74%, more than RAVI's 4.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FEIG FlexShares ESG & Climate Investment Grade Corporate Core Index Fund | 4.74% | 4.84% | 4.65% | 4.21% | 2.99% | 0.55% | 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
FEIG and RAVI have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FEIG has higher volatility (1.52%) compared to RAVI (0.15%). In terms of maximum drawdown, FEIG dropped -22.26% vs RAVI's -3.72%.
On 3-year performance, RAVI leads with 5.20% vs 5.02% for FEIG. On fees, FEIG is cheaper at 0.12% 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 3-year period, RAVI has performed better with a 5.20% return vs 5.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FEIG is cheaper with a 0.12% expense ratio, compared with 0.25% for RAVI.
FEIG has the higher dividend yield at 4.74%, compared with 4.38% for RAVI.
FEIG is categorized as Corporate Bonds, while RAVI is Ultrashort Bond. Their fees differ too: 0.12% for FEIG and 0.25% for RAVI.
RAVI currently has the higher Sharpe Ratio (11.04 vs 1.38), 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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