RAVI vs. FLDR
RAVI (FlexShares Ultra-Short Income ETF) and FLDR (Fidelity Low Duration Bond Factor ETF) are both exchange-traded funds - RAVI is a Ultrashort Bond fund actively managed by FlexShares, while FLDR is a Corporate Bonds fund tracking the Fidelity Low Duration Investment Grade Factor Index. RAVI is actively managed, while FLDR is passively managed. Over the past 5 years, RAVI returned 3.52%/yr vs 3.70%/yr for FLDR. At a 0.29 correlation, their price movements are largely independent. RAVI charges 0.25%/yr vs 0.15%/yr for FLDR.
Performance
RAVI vs. FLDR - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with RAVI having a 1.66% return and FLDR slightly lower at 1.58%.
RAVI
- 1D
- 0.07%
- 1M
- 0.40%
- YTD
- 1.66%
- 6M
- 1.94%
- 1Y
- 4.50%
- 3Y*
- 5.20%
- 5Y*
- 3.52%
- 10Y*
- 2.68%
FLDR
- 1D
- 0.06%
- 1M
- 0.43%
- YTD
- 1.58%
- 6M
- 1.88%
- 1Y
- 4.76%
- 3Y*
- 5.36%
- 5Y*
- 3.70%
- 10Y*
- —
RAVI vs. FLDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
RAVI FlexShares Ultra-Short Income ETF | 1.66% | 4.98% | 5.67% | 5.55% | 0.15% | -0.04% | 2.06% | 3.49% | 1.04% |
FLDR Fidelity Low Duration Bond Factor ETF | 1.58% | 5.41% | 5.71% | 6.32% | -0.33% | -0.18% | 2.01% | 4.52% | 0.84% |
Correlation
The correlation between RAVI and FLDR is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2018 | 0.29 |
The correlation between RAVI and FLDR shifts across timeframes, from 0.29 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RAVI vs. FLDR — Risk / Return Rank
RAVI
FLDR
RAVI vs. FLDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Ultra-Short Income ETF (RAVI) and Fidelity Low Duration Bond Factor ETF (FLDR). 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 | FLDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.29 | ||
| Sortino ratioReturn per unit of downside risk | +15.33 | ||
| Omega ratioGain probability vs. loss probability | 5.64 | 2.73 | +2.92 |
| Calmar ratioReturn relative to maximum drawdown | 38.65 | 10.19 | +28.46 |
| Martin ratioReturn relative to average drawdown | 231.44 | 69.63 | +161.81 |
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Drawdowns
RAVI vs. FLDR - Drawdown Comparison
The maximum RAVI drawdown since its inception was -3.72%, smaller than the maximum FLDR drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for RAVI and FLDR.
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Drawdown Indicators
| RAVI | FLDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.72% | -12.23% | +8.51% |
Max Drawdown (1Y)Largest decline over 1 year | -0.12% | -0.47% | +0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -0.36% | -0.76% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -3.28% | -2.33% | -0.95% |
Max Drawdown (10Y)Largest decline over 10 years | -3.72% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.17% | -0.35% | +0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.07% | -0.05% |
Volatility
RAVI vs. FLDR - Volatility Comparison
The current volatility for FlexShares Ultra-Short Income ETF (RAVI) is 0.10%, while Fidelity Low Duration Bond Factor ETF (FLDR) has a volatility of 0.20%. This indicates that RAVI experiences smaller price fluctuations and is considered to be less risky than FLDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAVI | FLDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 0.20% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 0.30% | 0.59% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.40% | 0.81% | -0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.41% | 1.21% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.28% | 5.25% | -3.97% |
RAVI vs. FLDR - Expense Ratio Comparison
RAVI has a 0.25% expense ratio, which is higher than FLDR's 0.15% 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. FLDR - Dividend Comparison
RAVI's dividend yield for the trailing twelve months is around 4.38%, which matches FLDR's 4.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FLDR Fidelity Low Duration Bond Factor ETF | 4.42% | 4.66% | 5.50% | 5.28% | 2.09% | 0.51% | 1.22% | 2.69% | 1.38% | 0.00% | 0.00% |
RAVI FlexShares Ultra-Short Income ETF | 4.38% | 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 FLDR have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLDR has higher volatility (0.20%) compared to RAVI (0.10%). In terms of maximum drawdown, RAVI dropped -3.72% vs FLDR's -12.23%.
On 5-year performance, FLDR leads with 3.70% vs 3.52% for RAVI. On fees, FLDR is cheaper at 0.15% per year. On volatility, RAVI has been the lower-risk option at 0.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLDR has performed better with a 3.70% return vs 3.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLDR is cheaper with a 0.15% expense ratio, compared with 0.25% for RAVI.
FLDR has the higher dividend yield at 4.42%, compared with 4.38% for RAVI.
RAVI is categorized as Ultrashort Bond, while FLDR is Corporate Bonds. They also come from different issuers: FlexShares and Fidelity. Their fees differ too: 0.25% for RAVI and 0.15% for FLDR.
RAVI currently has the higher Sharpe Ratio (11.19 vs 5.90), 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.
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