LBO vs. RAVI
LBO (WHITEWOLF Publicly Listed Private Equity ETF) and RAVI (FlexShares Ultra-Short Income ETF) are both exchange-traded funds - LBO is a Financials Equities fund actively managed by White Wolf, while RAVI is a Ultrashort Bond fund actively managed by FlexShares. Both are actively managed. Over the past year, LBO returned -13.50% vs 4.50% for RAVI. At a 0.05 correlation, their price movements are largely independent. LBO charges 0.70%/yr vs 0.25%/yr for RAVI.
Performance
LBO vs. RAVI - Performance Comparison
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Returns By Period
In the year-to-date period, LBO achieves a -14.28% return, which is significantly lower than RAVI's 1.53% return.
LBO
- 1D
- -3.31%
- 1M
- -6.31%
- YTD
- -14.28%
- 6M
- -13.74%
- 1Y
- -13.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RAVI
- 1D
- 0.02%
- 1M
- 0.39%
- YTD
- 1.53%
- 6M
- 1.92%
- 1Y
- 4.50%
- 3Y*
- 5.21%
- 5Y*
- 3.50%
- 10Y*
- 2.67%
LBO vs. RAVI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
LBO WHITEWOLF Publicly Listed Private Equity ETF | -14.28% | -6.41% | 30.93% | 7.27% |
RAVI FlexShares Ultra-Short Income ETF | 1.53% | 4.98% | 5.67% | 0.61% |
Correlation
The correlation between LBO and RAVI is -0.06, 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 | -0.06 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2023 | 0.05 |
The correlation between LBO and RAVI shifts across timeframes, from -0.06 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LBO vs. RAVI — Risk / Return Rank
LBO
RAVI
LBO vs. RAVI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WHITEWOLF Publicly Listed Private Equity ETF (LBO) 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.
| LBO | RAVI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.65 | ||
| Sortino ratioReturn per unit of downside risk | -24.43 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 5.39 | -4.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 38.66 | -39.13 |
| Martin ratioReturn relative to average drawdown | -0.95 | 225.58 | -226.53 |
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
| LBO | RAVI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.63 | 11.02 | -11.65 |
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 | 0.23 | 2.03 | -1.80 |
Drawdowns
LBO vs. RAVI - Drawdown Comparison
The maximum LBO drawdown since its inception was -31.40%, which is greater than RAVI's maximum drawdown of -3.72%. Use the drawdown chart below to compare losses from any high point for LBO and RAVI.
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Drawdown Indicators
| LBO | RAVI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.40% | -3.72% | -27.68% |
Max Drawdown (1Y)Largest decline over 1 year | -29.19% | -0.12% | -29.07% |
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 | -24.64% | 0.00% | -24.64% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -0.17% | -8.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.23% | 0.02% | +14.21% |
Volatility
LBO vs. RAVI - Volatility Comparison
WHITEWOLF Publicly Listed Private Equity ETF (LBO) has a higher volatility of 5.68% compared to FlexShares Ultra-Short Income ETF (RAVI) at 0.15%. This indicates that LBO'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
| LBO | RAVI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.68% | 0.15% | +5.53% |
Volatility (6M)Calculated over the trailing 6-month period | 18.11% | 0.30% | +17.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.56% | 0.41% | +21.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.20% | 1.41% | +19.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.20% | 1.28% | +19.92% |
LBO vs. RAVI - Expense Ratio Comparison
LBO has a 0.70% expense ratio, which is higher than RAVI's 0.25% expense ratio.
Dividends
LBO vs. RAVI - Dividend Comparison
LBO's dividend yield for the trailing twelve months is around 7.95%, more than RAVI's 4.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
LBO WHITEWOLF Publicly Listed Private Equity ETF | 7.95% | 7.04% | 5.79% | 1.20% | 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
LBO and RAVI have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LBO has higher volatility (5.68%) compared to RAVI (0.15%). In terms of maximum drawdown, LBO dropped -31.40% vs RAVI's -3.72%.
On 1-year performance, RAVI leads with 4.50% vs -13.50% for LBO. On fees, RAVI is cheaper at 0.25% 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 4.50% return vs -13.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RAVI is cheaper with a 0.25% expense ratio, compared with 0.70% for LBO.
LBO has the higher dividend yield at 7.95%, compared with 4.38% for RAVI.
LBO is categorized as Financials Equities, while RAVI is Ultrashort Bond. They also come from different issuers: White Wolf and FlexShares. Their fees differ too: 0.70% for LBO and 0.25% for RAVI.
RAVI currently has the higher Sharpe Ratio (11.02 vs -0.63), 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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