RAVI vs. FEDM
Compare and contrast key facts about FlexShares Ultra-Short Income ETF (RAVI) and FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM).
RAVI and FEDM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RAVI is an actively managed fund by FlexShares. It was launched on Oct 9, 2012. FEDM is a passively managed fund by FlexShares that tracks the performance of the Northern Trust ESG & Climate Developed Markets ex-US Core Index - Benchmark TR Net. It was launched on Sep 20, 2021.
Performance
RAVI vs. FEDM - Performance Comparison
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RAVI vs. FEDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RAVI FlexShares Ultra-Short Income ETF | 0.72% | 4.98% | 5.67% | 5.55% | 0.15% | -0.37% |
FEDM FlexShares ESG & Climate Developed Markets ex-US Core Index Fund | 0.51% | 26.85% | 2.85% | 17.39% | -15.25% | 1.87% |
Returns By Period
In the year-to-date period, RAVI achieves a 0.72% return, which is significantly higher than FEDM's 0.51% return.
RAVI
- 1D
- 0.00%
- 1M
- 0.08%
- YTD
- 0.72%
- 6M
- 1.90%
- 1Y
- 4.35%
- 3Y*
- 5.24%
- 5Y*
- 3.38%
- 10Y*
- 2.61%
FEDM
- 1D
- 1.27%
- 1M
- -5.09%
- YTD
- 0.51%
- 6M
- 3.68%
- 1Y
- 20.30%
- 3Y*
- 12.43%
- 5Y*
- —
- 10Y*
- —
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RAVI vs. FEDM - Expense Ratio Comparison
RAVI has a 0.25% expense ratio, which is higher than FEDM's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
RAVI vs. FEDM — Risk / Return Rank
RAVI
FEDM
RAVI vs. FEDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Ultra-Short Income ETF (RAVI) and FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM). 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.
| RAVI | FEDM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 8.51 | 1.10 | +7.41 |
Sortino ratioReturn per unit of downside risk | 14.39 | 1.64 | +12.75 |
Omega ratioGain probability vs. loss probability | 3.85 | 1.23 | +2.62 |
Calmar ratioReturn relative to maximum drawdown | 12.00 | 1.72 | +10.28 |
Martin ratioReturn relative to average drawdown | 77.37 | 6.47 | +70.90 |
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
| RAVI | FEDM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 8.51 | 1.10 | +7.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.40 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.99 | 0.40 | +1.59 |
Correlation
The correlation between RAVI and FEDM is 0.19, 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
RAVI vs. FEDM - Dividend Comparison
RAVI's dividend yield for the trailing twelve months is around 4.47%, more than FEDM's 2.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
RAVI FlexShares Ultra-Short Income ETF | 4.47% | 4.59% | 5.34% | 4.55% | 1.70% | 0.90% | 1.29% | 2.53% | 2.22% | 1.28% | 0.90% |
FEDM FlexShares ESG & Climate Developed Markets ex-US Core Index Fund | 2.98% | 2.97% | 2.94% | 2.61% | 2.53% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RAVI vs. FEDM - Drawdown Comparison
The maximum RAVI drawdown since its inception was -3.72%, smaller than the maximum FEDM drawdown of -29.37%. Use the drawdown chart below to compare losses from any high point for RAVI and FEDM.
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Drawdown Indicators
| RAVI | FEDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.72% | -29.37% | +25.65% |
Max Drawdown (1Y)Largest decline over 1 year | -0.36% | -11.92% | +11.56% |
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 | 0.00% | -7.11% | +7.11% |
Average DrawdownAverage peak-to-trough decline | -0.18% | -7.14% | +6.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 3.17% | -3.11% |
Volatility
RAVI vs. FEDM - Volatility Comparison
The current volatility for FlexShares Ultra-Short Income ETF (RAVI) is 0.16%, while FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) has a volatility of 7.48%. This indicates that RAVI experiences smaller price fluctuations and is considered to be less risky than FEDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAVI | FEDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.16% | 7.48% | -7.32% |
Volatility (6M)Calculated over the trailing 6-month period | 0.28% | 12.93% | -12.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.51% | 18.54% | -18.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.41% | 16.40% | -14.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.29% | 16.40% | -15.11% |