NFRA vs. RAVI
Compare and contrast key facts about FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) and FlexShares Ultra-Short Income ETF (RAVI).
NFRA and RAVI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NFRA is a passively managed fund by FlexShares that tracks the performance of the STOXX Global Broad Infrastructure Index. It was launched on Oct 8, 2013. RAVI is an actively managed fund by FlexShares. It was launched on Oct 9, 2012.
Performance
NFRA vs. RAVI - Performance Comparison
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NFRA vs. RAVI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund | 5.94% | 18.42% | 4.76% | 8.96% | -10.11% | 9.61% | 2.24% | 26.27% | -7.74% | 15.92% |
RAVI FlexShares Ultra-Short Income ETF | 0.72% | 4.98% | 5.67% | 5.55% | 0.15% | -0.04% | 2.06% | 3.49% | 1.65% | 1.22% |
Returns By Period
In the year-to-date period, NFRA achieves a 5.94% return, which is significantly higher than RAVI's 0.72% return. Over the past 10 years, NFRA has outperformed RAVI with an annualized return of 7.17%, while RAVI has yielded a comparatively lower 2.61% annualized return.
NFRA
- 1D
- 1.51%
- 1M
- -4.83%
- YTD
- 5.94%
- 6M
- 6.34%
- 1Y
- 17.73%
- 3Y*
- 11.49%
- 5Y*
- 6.00%
- 10Y*
- 7.17%
RAVI
- 1D
- 0.06%
- 1M
- 0.03%
- YTD
- 0.72%
- 6M
- 1.90%
- 1Y
- 4.36%
- 3Y*
- 5.24%
- 5Y*
- 3.38%
- 10Y*
- 2.61%
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NFRA vs. RAVI - Expense Ratio Comparison
NFRA has a 0.47% expense ratio, which is higher than RAVI's 0.25% expense ratio.
Return for Risk
NFRA vs. RAVI — Risk / Return Rank
NFRA
RAVI
NFRA vs. RAVI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) 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.
| NFRA | RAVI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.42 | 8.55 | -7.13 |
Sortino ratioReturn per unit of downside risk | 1.98 | 14.44 | -12.46 |
Omega ratioGain probability vs. loss probability | 1.28 | 3.86 | -2.57 |
Calmar ratioReturn relative to maximum drawdown | 2.31 | 12.19 | -9.88 |
Martin ratioReturn relative to average drawdown | 8.54 | 78.58 | -70.05 |
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
| NFRA | RAVI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 8.55 | -7.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 2.40 | -1.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 2.04 | -1.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 1.99 | -1.52 |
Correlation
The correlation between NFRA and RAVI is 0.10, 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
NFRA vs. RAVI - Dividend Comparison
NFRA's dividend yield for the trailing twelve months is around 5.69%, more than RAVI's 4.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund | 5.69% | 6.00% | 3.33% | 2.57% | 2.28% | 2.71% | 2.22% | 2.27% | 3.06% | 2.81% | 2.98% | 2.47% |
RAVI FlexShares Ultra-Short Income ETF | 4.50% | 4.59% | 5.34% | 4.55% | 1.70% | 0.90% | 1.29% | 2.53% | 2.22% | 1.28% | 0.90% | 0.00% |
Drawdowns
NFRA vs. RAVI - Drawdown Comparison
The maximum NFRA drawdown since its inception was -32.49%, which is greater than RAVI's maximum drawdown of -3.72%. Use the drawdown chart below to compare losses from any high point for NFRA and RAVI.
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Drawdown Indicators
| NFRA | RAVI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.49% | -3.72% | -28.77% |
Max Drawdown (1Y)Largest decline over 1 year | -7.84% | -0.36% | -7.48% |
Max Drawdown (5Y)Largest decline over 5 years | -22.75% | -3.28% | -19.47% |
Max Drawdown (10Y)Largest decline over 10 years | -32.49% | -3.72% | -28.77% |
Current DrawdownCurrent decline from peak | -4.83% | 0.00% | -4.83% |
Average DrawdownAverage peak-to-trough decline | -4.56% | -0.18% | -4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 0.06% | +2.06% |
Volatility
NFRA vs. RAVI - Volatility Comparison
FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) has a higher volatility of 4.51% compared to FlexShares Ultra-Short Income ETF (RAVI) at 0.16%. This indicates that NFRA'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
| NFRA | RAVI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 0.16% | +4.35% |
Volatility (6M)Calculated over the trailing 6-month period | 7.58% | 0.28% | +7.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.55% | 0.51% | +12.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.90% | 1.41% | +11.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.96% | 1.29% | +13.67% |