RAVI vs. FEIG
RAVI (FlexShares Ultra-Short Income ETF) and FEIG (FlexShares ESG & Climate Investment Grade Corporate Core Index Fund) are both exchange-traded funds - RAVI is a Ultrashort Bond fund actively managed by FlexShares, while FEIG is a Corporate Bonds fund tracking the Northern Trust ESG & Climate Investment Grade U.S. Corporate Core TR. RAVI is actively managed, while FEIG is passively managed. Over the past 3 years, RAVI returned 5.17%/yr vs 4.96%/yr for FEIG. At a 0.41 correlation, their price movements are largely independent. RAVI charges 0.25%/yr vs 0.12%/yr for FEIG.
Performance
RAVI vs. FEIG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RAVI achieves a 1.69% return, which is significantly higher than FEIG's 0.68% return.
RAVI
- 1D
- 0.05%
- 1M
- 0.30%
- YTD
- 1.69%
- 6M
- 1.79%
- 1Y
- 4.37%
- 3Y*
- 5.17%
- 5Y*
- 3.54%
- 10Y*
- 2.67%
FEIG
- 1D
- 0.16%
- 1M
- 0.73%
- YTD
- 0.68%
- 6M
- 0.82%
- 1Y
- 4.85%
- 3Y*
- 4.96%
- 5Y*
- —
- 10Y*
- —
RAVI vs. FEIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RAVI FlexShares Ultra-Short Income ETF | 1.69% | 4.98% | 5.67% | 5.55% | 0.15% | -0.36% |
FEIG FlexShares ESG & Climate Investment Grade Corporate Core Index Fund | 0.68% | 7.31% | 1.75% | 8.57% | -15.91% | -1.54% |
Correlation
The correlation between RAVI and FEIG is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021 | 0.41 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RAVI vs. FEIG — Risk / Return Rank
RAVI
FEIG
RAVI vs. FEIG - 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 Investment Grade Corporate Core Index Fund (FEIG). 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.
| RAVI | FEIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +9.62 | ||
| Sortino ratioReturn per unit of downside risk | +21.82 | ||
| Omega ratioGain probability vs. loss probability | 5.23 | 1.20 | +4.04 |
| Calmar ratioReturn relative to maximum drawdown | 37.51 | 1.74 | +35.77 |
| Martin ratioReturn relative to average drawdown | 214.85 | 5.15 | +209.70 |
Loading charts...
Drawdowns
RAVI vs. FEIG - Drawdown Comparison
The maximum RAVI drawdown since its inception was -3.72%, smaller than the maximum FEIG drawdown of -22.26%. Use the drawdown chart below to compare losses from any high point for RAVI and FEIG.
Loading charts...
Drawdown Indicators
| RAVI | FEIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.72% | -22.26% | +18.54% |
Max Drawdown (1Y)Largest decline over 1 year | -0.12% | -2.81% | +2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -0.36% | -6.67% | +6.31% |
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% | -1.36% | +1.36% |
Average DrawdownAverage peak-to-trough decline | -0.17% | -9.42% | +9.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.94% | -0.92% |
Volatility
RAVI vs. FEIG - Volatility Comparison
The current volatility for FlexShares Ultra-Short Income ETF (RAVI) is 0.13%, while FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG) has a volatility of 1.20%. This indicates that RAVI experiences smaller price fluctuations and is considered to be less risky than FEIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RAVI | FEIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.13% | 1.20% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 0.31% | 3.35% | -3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.41% | 4.39% | -3.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.41% | 7.37% | -5.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.28% | 7.37% | -6.09% |
RAVI vs. FEIG - Expense Ratio Comparison
RAVI has a 0.25% expense ratio, which is higher than FEIG'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%.
Dividends
RAVI vs. FEIG - Dividend Comparison
RAVI's dividend yield for the trailing twelve months is around 4.37%, less than FEIG's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FEIG FlexShares ESG & Climate Investment Grade Corporate Core Index Fund | 4.74% | 4.84% | 4.65% | 4.21% | 2.99% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RAVI FlexShares Ultra-Short Income ETF | 4.37% | 4.59% | 5.34% | 4.55% | 1.70% | 0.90% | 1.29% | 2.53% | 2.22% | 1.28% | 0.90% |
Frequently Asked Questions
RAVI and FEIG have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FEIG has higher volatility (1.20%) compared to RAVI (0.13%). In terms of maximum drawdown, RAVI dropped -3.72% vs FEIG's -22.26%.
On 3-year performance, RAVI leads with 5.17% vs 4.96% for FEIG. On fees, FEIG is cheaper at 0.12% per year. On volatility, RAVI has been the lower-risk option at 0.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, RAVI has performed better with a 5.17% return vs 4.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FEIG is cheaper with a 0.12% expense ratio, compared with 0.25% for RAVI.
FEIG has the higher dividend yield at 4.74%, compared with 4.37% for RAVI.
RAVI is categorized as Ultrashort Bond, while FEIG is Corporate Bonds. Their fees differ too: 0.25% for RAVI and 0.12% for FEIG.
RAVI currently has the higher Sharpe Ratio (10.73 vs 1.11), 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.
Find the right allocation for RAVI and FEIG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer