FIBR vs. RAVI
FIBR (iShares U.S. Fixed Income Balanced Risk Systematic ETF) and RAVI (FlexShares Ultra-Short Income ETF) are both exchange-traded funds - FIBR is a Intermediate Core-Plus Bond fund tracking the Bloomberg U.S. Fixed Income Balanced Risk Index, while RAVI is a Ultrashort Bond fund actively managed by FlexShares. FIBR is passively managed, while RAVI is actively managed. Over the past 10 years, FIBR returned 2.24%/yr vs 2.67%/yr for RAVI. At a 0.31 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
FIBR vs. RAVI - Performance Comparison
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Returns By Period
In the year-to-date period, FIBR achieves a -0.19% return, which is significantly lower than RAVI's 1.54% return. Over the past 10 years, FIBR has underperformed RAVI with an annualized return of 2.24%, while RAVI has yielded a comparatively higher 2.67% annualized return.
FIBR
- 1D
- -0.43%
- 1M
- -0.69%
- YTD
- -0.19%
- 6M
- 0.05%
- 1Y
- 5.16%
- 3Y*
- 6.55%
- 5Y*
- 1.49%
- 10Y*
- 2.24%
RAVI
- 1D
- 0.02%
- 1M
- 0.30%
- YTD
- 1.54%
- 6M
- 1.91%
- 1Y
- 4.54%
- 3Y*
- 5.21%
- 5Y*
- 3.50%
- 10Y*
- 2.67%
FIBR vs. RAVI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIBR iShares U.S. Fixed Income Balanced Risk Systematic ETF | -0.19% | 8.32% | 6.04% | 8.22% | -13.57% | -1.00% | 3.31% | 10.03% | -0.93% | 3.89% |
RAVI FlexShares Ultra-Short Income ETF | 1.54% | 4.98% | 5.67% | 5.55% | 0.15% | -0.04% | 2.06% | 3.49% | 1.65% | 1.22% |
Correlation
The correlation between FIBR and RAVI is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.31 |
The correlation between FIBR and RAVI shifts across timeframes, from 0.31 (all time) to 0.43 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FIBR vs. RAVI — Risk / Return Rank
FIBR
RAVI
FIBR vs. RAVI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Fixed Income Balanced Risk Systematic ETF (FIBR) 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.
| FIBR | RAVI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -10.00 | ||
| Sortino ratioReturn per unit of downside risk | -23.62 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 5.72 | -4.48 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 39.01 | -37.27 |
| Martin ratioReturn relative to average drawdown | 5.24 | 233.56 | -228.32 |
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
| FIBR | RAVI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 11.36 | -10.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 2.49 | -2.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 2.09 | -1.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 2.03 | -1.53 |
Drawdowns
FIBR vs. RAVI - Drawdown Comparison
The maximum FIBR drawdown since its inception was -18.47%, which is greater than RAVI's maximum drawdown of -3.72%. Use the drawdown chart below to compare losses from any high point for FIBR and RAVI.
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Drawdown Indicators
| FIBR | RAVI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.47% | -3.72% | -14.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -0.12% | -2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -3.08% | -0.36% | -2.72% |
Max Drawdown (5Y)Largest decline over 5 years | -18.47% | -3.28% | -15.19% |
Max Drawdown (10Y)Largest decline over 10 years | -18.47% | -3.72% | -14.75% |
Current DrawdownCurrent decline from peak | -2.04% | 0.00% | -2.04% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -0.17% | -3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.02% | +0.97% |
Volatility
FIBR vs. RAVI - Volatility Comparison
iShares U.S. Fixed Income Balanced Risk Systematic ETF (FIBR) has a higher volatility of 1.38% compared to FlexShares Ultra-Short Income ETF (RAVI) at 0.14%. This indicates that FIBR'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
| FIBR | RAVI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 0.14% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 0.30% | +2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 0.41% | +3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.63% | 1.41% | +4.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.95% | 1.28% | +3.67% |
FIBR vs. RAVI - Expense Ratio Comparison
Both FIBR and RAVI have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
FIBR vs. RAVI - Dividend Comparison
FIBR's dividend yield for the trailing twelve months is around 4.63%, more than RAVI's 4.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIBR iShares U.S. Fixed Income Balanced Risk Systematic ETF | 4.63% | 4.78% | 5.04% | 4.44% | 3.27% | 1.92% | 2.57% | 3.27% | 3.61% | 2.74% | 2.92% | 2.26% |
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% | 0.00% |
Frequently Asked Questions
FIBR and RAVI have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIBR has higher volatility (1.38%) compared to RAVI (0.14%). In terms of maximum drawdown, FIBR dropped -18.47% vs RAVI's -3.72%.
On 10-year performance, RAVI leads with 2.67% vs 2.24% for FIBR. Both ETFs have the same 0.25% expense ratio. On volatility, RAVI has been the lower-risk option at 0.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RAVI has performed better with a 2.67% return vs 2.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FIBR and RAVI have the same expense ratio: 0.25% per year.
FIBR has the higher dividend yield at 4.63%, compared with 4.38% for RAVI.
FIBR is categorized as Intermediate Core-Plus Bond, while RAVI is Ultrashort Bond. They also come from different issuers: iShares and FlexShares.
RAVI currently has the higher Sharpe Ratio (11.36 vs 1.36), 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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