QDEF vs. RAVI
Compare and contrast key facts about FlexShares Quality Dividend Defensive Index Fund (QDEF) and FlexShares Ultra-Short Income ETF (RAVI).
QDEF and RAVI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QDEF is a passively managed fund by FlexShares that tracks the performance of the Northern Trust Quality Dividend Defensive Index. It was launched on Dec 14, 2012. RAVI is an actively managed fund by FlexShares. It was launched on Oct 9, 2012.
Performance
QDEF vs. RAVI - Performance Comparison
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QDEF vs. RAVI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QDEF FlexShares Quality Dividend Defensive Index Fund | -1.16% | 17.43% | 21.19% | 17.48% | -10.94% | 26.04% | 3.15% | 24.90% | -4.10% | 17.04% |
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, QDEF achieves a -1.16% return, which is significantly lower than RAVI's 0.72% return. Over the past 10 years, QDEF has outperformed RAVI with an annualized return of 11.40%, while RAVI has yielded a comparatively lower 2.61% annualized return.
QDEF
- 1D
- 2.06%
- 1M
- -4.61%
- YTD
- -1.16%
- 6M
- 0.72%
- 1Y
- 16.27%
- 3Y*
- 16.97%
- 5Y*
- 11.45%
- 10Y*
- 11.40%
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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QDEF vs. RAVI - Expense Ratio Comparison
QDEF has a 0.37% expense ratio, which is higher than RAVI's 0.25% expense ratio.
Return for Risk
QDEF vs. RAVI — Risk / Return Rank
QDEF
RAVI
QDEF vs. RAVI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Quality Dividend Defensive Index Fund (QDEF) 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.
| QDEF | RAVI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 8.55 | -7.43 |
Sortino ratioReturn per unit of downside risk | 1.64 | 14.44 | -12.80 |
Omega ratioGain probability vs. loss probability | 1.25 | 3.86 | -2.61 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 12.19 | -10.62 |
Martin ratioReturn relative to average drawdown | 7.90 | 78.58 | -70.68 |
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
| QDEF | RAVI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 8.55 | -7.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 2.40 | -1.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 2.04 | -1.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 1.99 | -1.19 |
Correlation
The correlation between QDEF and RAVI is 0.06, 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
QDEF vs. RAVI - Dividend Comparison
QDEF's dividend yield for the trailing twelve months is around 1.75%, less than RAVI's 4.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QDEF FlexShares Quality Dividend Defensive Index Fund | 1.75% | 1.74% | 1.85% | 2.21% | 2.42% | 1.84% | 2.50% | 3.17% | 7.10% | 2.70% | 2.90% | 3.00% |
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
QDEF vs. RAVI - Drawdown Comparison
The maximum QDEF drawdown since its inception was -35.74%, which is greater than RAVI's maximum drawdown of -3.72%. Use the drawdown chart below to compare losses from any high point for QDEF and RAVI.
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Drawdown Indicators
| QDEF | RAVI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.74% | -3.72% | -32.02% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | -0.36% | -10.67% |
Max Drawdown (5Y)Largest decline over 5 years | -21.37% | -3.28% | -18.09% |
Max Drawdown (10Y)Largest decline over 10 years | -35.74% | -3.72% | -32.02% |
Current DrawdownCurrent decline from peak | -5.04% | 0.00% | -5.04% |
Average DrawdownAverage peak-to-trough decline | -3.33% | -0.18% | -3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 0.06% | +2.13% |
Volatility
QDEF vs. RAVI - Volatility Comparison
FlexShares Quality Dividend Defensive Index Fund (QDEF) has a higher volatility of 3.96% compared to FlexShares Ultra-Short Income ETF (RAVI) at 0.16%. This indicates that QDEF'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
| QDEF | RAVI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 0.16% | +3.80% |
Volatility (6M)Calculated over the trailing 6-month period | 7.58% | 0.28% | +7.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.72% | 0.51% | +14.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.83% | 1.41% | +12.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.18% | 1.29% | +14.89% |