LIMI vs. RAVI
LIMI (Themes Lithium & Battery Metal Miners ETF) and RAVI (FlexShares Ultra-Short Income ETF) are both exchange-traded funds - LIMI is a Commodity Producers Equities fund tracking the BITA Global Lithium and Battery Metals Select Index, while RAVI is a Ultrashort Bond fund actively managed by FlexShares. LIMI is passively managed, while RAVI is actively managed. Over the past year, LIMI returned 146.39% vs 4.45% for RAVI. At a 0.05 correlation, their price movements are largely independent. LIMI charges 0.35%/yr vs 0.25%/yr for RAVI.
Performance
LIMI vs. RAVI - Performance Comparison
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Returns By Period
In the year-to-date period, LIMI achieves a 16.59% return, which is significantly higher than RAVI's 1.52% return.
LIMI
- 1D
- -2.22%
- 1M
- -10.38%
- YTD
- 16.59%
- 6M
- 33.44%
- 1Y
- 146.39%
- 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%
LIMI vs. RAVI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LIMI Themes Lithium & Battery Metal Miners ETF | 16.59% | 91.22% | -1.18% |
RAVI FlexShares Ultra-Short Income ETF | 1.52% | 4.98% | 1.15% |
Correlation
The correlation between LIMI and RAVI is -0.03, 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 | -0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024 | 0.05 |
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Return for Risk
LIMI vs. RAVI — Risk / Return Rank
LIMI
RAVI
LIMI vs. RAVI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes Lithium & Battery Metal Miners ETF (LIMI) 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.
| LIMI | RAVI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.53 | ||
| Sortino ratioReturn per unit of downside risk | -19.83 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 5.33 | -3.88 |
| Calmar ratioReturn relative to maximum drawdown | 6.40 | 38.26 | -31.86 |
| Martin ratioReturn relative to average drawdown | 19.51 | 229.11 | -209.60 |
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
| LIMI | RAVI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.38 | 10.91 | -7.53 |
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 | 1.45 | 2.03 | -0.58 |
Drawdowns
LIMI vs. RAVI - Drawdown Comparison
The maximum LIMI drawdown since its inception was -43.77%, which is greater than RAVI's maximum drawdown of -3.72%. Use the drawdown chart below to compare losses from any high point for LIMI and RAVI.
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Drawdown Indicators
| LIMI | RAVI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.77% | -3.72% | -40.05% |
Max Drawdown (1Y)Largest decline over 1 year | -23.00% | -0.12% | -22.88% |
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 | -13.65% | -0.00% | -13.65% |
Average DrawdownAverage peak-to-trough decline | -13.03% | -0.17% | -12.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.53% | 0.02% | +7.51% |
Volatility
LIMI vs. RAVI - Volatility Comparison
Themes Lithium & Battery Metal Miners ETF (LIMI) has a higher volatility of 9.85% compared to FlexShares Ultra-Short Income ETF (RAVI) at 0.15%. This indicates that LIMI'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
| LIMI | RAVI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.85% | 0.15% | +9.70% |
Volatility (6M)Calculated over the trailing 6-month period | 29.23% | 0.30% | +28.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.73% | 0.41% | +43.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.40% | 1.41% | +39.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.40% | 1.28% | +40.12% |
LIMI vs. RAVI - Expense Ratio Comparison
LIMI has a 0.35% expense ratio, which is higher than RAVI's 0.25% expense ratio.
Dividends
LIMI vs. RAVI - Dividend Comparison
LIMI's dividend yield for the trailing twelve months is around 0.46%, less than RAVI's 4.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
LIMI Themes Lithium & Battery Metal Miners ETF | 0.46% | 0.54% | 8.14% | 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
LIMI and RAVI have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LIMI has higher volatility (9.85%) compared to RAVI (0.15%). In terms of maximum drawdown, LIMI dropped -43.77% vs RAVI's -3.72%.
On 1-year performance, LIMI leads with 146.39% vs 4.45% for RAVI. 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, LIMI has performed better with a 146.39% return vs 4.45%. 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 0.35% for LIMI.
RAVI has the higher dividend yield at 4.38%, compared with 0.46% for LIMI.
LIMI is categorized as Commodity Producers Equities, while RAVI is Ultrashort Bond. They also come from different issuers: Themes and FlexShares. Their fees differ too: 0.35% for LIMI and 0.25% for RAVI.
RAVI currently has the higher Sharpe Ratio (10.90 vs 3.38), 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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