RAFE vs. EBI

Last updated Jun 24, 2026

RAFE (PIMCO RAFI ESG U.S. ETF) and EBI (Longview Advantage ETF) are both Large Cap Blend Equities funds. RAFE is passively managed, while EBI is actively managed. Over the past year, RAFE returned 29.87% vs 30.46% for EBI. Their correlation of 0.91 suggests significant overlap in exposure. RAFE charges 0.30%/yr vs 0.24%/yr for EBI.

Performance

RAFE vs. EBI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO RAFI ESG U.S. ETF (RAFE) and Longview Advantage ETF (EBI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with RAFE having a 13.45% return and EBI slightly higher at 13.70%.

RAFE

• 1D: -0.39%
• 1M: 2.23%
• YTD: 13.45%
• 6M: 12.91%
• 1Y: 29.87%
• 3Y*: 19.07%
• 5Y*: 11.34%
• 10Y*: —

EBI

• 1D: -0.96%
• 1M: 0.90%
• YTD: 13.70%
• 6M: 12.56%
• 1Y: 30.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

RAFE vs. EBI - Yearly Performance Comparison

	2026 (YTD)	2025
RAFE PIMCO RAFI ESG U.S. ETF	13.45%	12.88%
EBI Longview Advantage ETF	13.70%	15.82%

Correlation

The correlation between RAFE and EBI is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (All Time) Calculated using the full available price history since Feb 27, 2025	0.91

The correlation between RAFE and EBI has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.

Return for Risk

RAFE vs. EBI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RAFE

RAFE Risk / Return Rank: 84
RAFE Sharpe Ratio Rank: 86
RAFE Sortino Ratio Rank: 87
RAFE Omega Ratio Rank: 83
RAFE Calmar Ratio Rank: 82
RAFE Martin Ratio Rank: 82

EBI

EBI Risk / Return Rank: 84
EBI Sharpe Ratio Rank: 84
EBI Sortino Ratio Rank: 84
EBI Omega Ratio Rank: 81
EBI Calmar Ratio Rank: 85
EBI Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RAFE vs. EBI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO RAFI ESG U.S. ETF (RAFE) and Longview Advantage ETF (EBI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	RAFE	EBI	Difference
Sharpe ratio: Return per unit of total volatility	2.61	2.46	+0.15
Sortino ratio: Return per unit of downside risk	3.63	3.37	+0.26
Omega ratio: Gain probability vs. loss probability	1.46	1.43	+0.03
Calmar ratio: Return relative to maximum drawdown	4.02	4.32	-0.29
Martin ratio: Return relative to average drawdown	15.57	17.50	-1.93

RAFE vs. EBI - Sharpe Ratio Comparison

The current RAFE Sharpe Ratio is 2.61, which is comparable to the EBI Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of RAFE and EBI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RAFE vs. EBI - Drawdown Comparison

The maximum RAFE drawdown since its inception was -35.74%, which is greater than EBI's maximum drawdown of -17.05%. Use the drawdown chart below to compare losses from any high point for RAFE and EBI.

Drawdown Indicators

	RAFE	EBI	Difference
Max Drawdown Largest peak-to-trough decline	-35.74%	-17.05%	-18.69%
Max Drawdown (1Y) Largest decline over 1 year	-7.46%	-7.09%	-0.37%
Max Drawdown (3Y) Largest decline over 3 years	-16.36%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.28%	—	—
Current Drawdown Current decline from peak	-1.25%	-1.43%	+0.18%
Average Drawdown Average peak-to-trough decline	-6.17%	-2.03%	-4.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	1.75%	+0.17%

Volatility

RAFE vs. EBI - Volatility Comparison

PIMCO RAFI ESG U.S. ETF (RAFE) and Longview Advantage ETF (EBI) have volatilities of 3.88% and 4.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RAFE	EBI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	4.03%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	8.71%	9.27%	-0.56%
Volatility (1Y) Calculated over the trailing 1-year period	11.54%	12.49%	-0.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.10%	17.88%	-2.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.40%	17.88%	+1.52%

RAFE vs. EBI - Expense Ratio Comparison

RAFE has a 0.30% expense ratio, which is higher than EBI's 0.24% expense ratio.

Dividends

RAFE vs. EBI - Dividend Comparison

RAFE's dividend yield for the trailing twelve months is around 1.50%, more than EBI's 0.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
EBI Longview Advantage ETF	0.92%	1.05%	0.00%	0.00%	0.00%	0.00%	0.00%
RAFE PIMCO RAFI ESG U.S. ETF	1.50%	1.67%	1.79%	1.81%	2.22%	1.42%	2.36%

Frequently Asked Questions

Can I hold both RAFE and EBI in my portfolio?

With a correlation of 0.91, RAFE and EBI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, RAFE or EBI?

EBI has higher volatility (4.03%) compared to RAFE (3.88%). In terms of maximum drawdown, RAFE dropped -35.74% vs EBI's -17.05%.

Which ETF is better, RAFE or EBI?

On 1-year performance, EBI leads with 30.46% vs 29.87% for RAFE. On fees, EBI is cheaper at 0.24% per year. On volatility, RAFE has been the lower-risk option at 3.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RAFE or EBI?

Over the 1-year period, EBI has performed better with a 30.46% return vs 29.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RAFE or EBI?

EBI is cheaper with a 0.24% expense ratio, compared with 0.30% for RAFE.

Which ETF pays a higher dividend yield, RAFE or EBI?

RAFE has the higher dividend yield at 1.50%, compared with 0.92% for EBI.

What is the main difference between RAFE and EBI?

They also come from different issuers: PIMCO and Longview. Their fees differ too: 0.30% for RAFE and 0.24% for EBI.

Which has better risk-adjusted returns?

RAFE currently has the higher Sharpe Ratio (2.61 vs 2.46), 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.