RAVI vs. PSCE
RAVI (FlexShares Ultra-Short Income ETF) and PSCE (Invesco S&P SmallCap Energy ETF) are both exchange-traded funds - RAVI is a Ultrashort Bond fund actively managed by FlexShares, while PSCE is a Energy Equities fund tracking the S&P SmallCap 600 Energy Index. RAVI is actively managed, while PSCE is passively managed. Over the past 10 years, RAVI returned 2.67%/yr vs -1.45%/yr for PSCE. At a correlation of -0.03, they often move in opposite directions. RAVI charges 0.25%/yr vs 0.29%/yr for PSCE.
Performance
RAVI vs. PSCE - Performance Comparison
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Returns By Period
In the year-to-date period, RAVI achieves a 1.53% return, which is significantly lower than PSCE's 42.33% return. Over the past 10 years, RAVI has outperformed PSCE with an annualized return of 2.67%, while PSCE has yielded a comparatively lower -1.45% annualized return.
RAVI
- 1D
- 0.02%
- 1M
- 0.39%
- YTD
- 1.53%
- 6M
- 1.92%
- 1Y
- 4.50%
- 3Y*
- 5.21%
- 5Y*
- 3.50%
- 10Y*
- 2.67%
PSCE
- 1D
- 0.29%
- 1M
- -4.35%
- YTD
- 42.33%
- 6M
- 34.80%
- 1Y
- 61.94%
- 3Y*
- 12.72%
- 5Y*
- 10.77%
- 10Y*
- -1.45%
RAVI vs. PSCE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RAVI FlexShares Ultra-Short Income ETF | 1.53% | 4.98% | 5.67% | 5.55% | 0.15% | -0.04% | 2.06% | 3.49% | 1.65% | 1.22% |
PSCE Invesco S&P SmallCap Energy ETF | 42.33% | -9.00% | -5.47% | 5.07% | 48.45% | 59.85% | -40.31% | -14.93% | -42.98% | -26.70% |
Correlation
The correlation between RAVI and PSCE is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | -0.03 |
Over the past year, the inverse relationship between RAVI and PSCE has strengthened: their correlation has moved from -0.03 to -0.25, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
RAVI vs. PSCE — Risk / Return Rank
RAVI
PSCE
RAVI vs. PSCE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Ultra-Short Income ETF (RAVI) and Invesco S&P SmallCap Energy ETF (PSCE). 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 | PSCE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.70 | ||
| Sortino ratioReturn per unit of downside risk | +20.75 | ||
| Omega ratioGain probability vs. loss probability | 5.39 | 1.36 | +4.03 |
| Calmar ratioReturn relative to maximum drawdown | 38.66 | 6.61 | +32.05 |
| Martin ratioReturn relative to average drawdown | 225.58 | 16.61 | +208.98 |
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 | PSCE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 11.02 | 2.32 | +8.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.49 | 0.29 | +2.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.09 | -0.03 | +2.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.03 | -0.09 | +2.12 |
Drawdowns
RAVI vs. PSCE - Drawdown Comparison
The maximum RAVI drawdown since its inception was -3.72%, smaller than the maximum PSCE drawdown of -96.21%. Use the drawdown chart below to compare losses from any high point for RAVI and PSCE.
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Drawdown Indicators
| RAVI | PSCE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.72% | -96.21% | +92.49% |
Max Drawdown (1Y)Largest decline over 1 year | -0.12% | -9.41% | +9.29% |
Max Drawdown (3Y)Largest decline over 3 years | -0.36% | -44.57% | +44.21% |
Max Drawdown (5Y)Largest decline over 5 years | -3.28% | -45.42% | +42.14% |
Max Drawdown (10Y)Largest decline over 10 years | -3.72% | -90.70% | +86.98% |
Current DrawdownCurrent decline from peak | 0.00% | -74.71% | +74.71% |
Average DrawdownAverage peak-to-trough decline | -0.17% | -58.83% | +58.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 3.74% | -3.72% |
Volatility
RAVI vs. PSCE - Volatility Comparison
The current volatility for FlexShares Ultra-Short Income ETF (RAVI) is 0.15%, while Invesco S&P SmallCap Energy ETF (PSCE) has a volatility of 7.96%. This indicates that RAVI experiences smaller price fluctuations and is considered to be less risky than PSCE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAVI | PSCE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 7.96% | -7.81% |
Volatility (6M)Calculated over the trailing 6-month period | 0.30% | 18.54% | -18.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.41% | 27.01% | -26.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.41% | 37.44% | -36.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.28% | 43.26% | -41.98% |
RAVI vs. PSCE - Expense Ratio Comparison
RAVI has a 0.25% expense ratio, which is lower than PSCE's 0.29% expense ratio.
Dividends
RAVI vs. PSCE - Dividend Comparison
RAVI's dividend yield for the trailing twelve months is around 4.38%, more than PSCE's 1.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSCE Invesco S&P SmallCap Energy ETF | 1.84% | 2.39% | 1.70% | 2.57% | 1.70% | 0.46% | 0.87% | 0.14% | 0.22% | 0.04% | 0.22% | 0.82% |
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% | 0.00% |
Frequently Asked Questions
RAVI and PSCE have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSCE has higher volatility (7.96%) compared to RAVI (0.15%). In terms of maximum drawdown, RAVI dropped -3.72% vs PSCE's -96.21%.
On 10-year performance, RAVI leads with 2.67% vs -1.45% for PSCE. On fees, RAVI is cheaper at 0.25% per year. On volatility, RAVI has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RAVI has performed better with a 2.67% return vs -1.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RAVI is cheaper with a 0.25% expense ratio, compared with 0.29% for PSCE.
RAVI has the higher dividend yield at 4.38%, compared with 1.84% for PSCE.
RAVI is categorized as Ultrashort Bond, while PSCE is Energy Equities. They also come from different issuers: FlexShares and Invesco. Their fees differ too: 0.25% for RAVI and 0.29% for PSCE.
RAVI currently has the higher Sharpe Ratio (11.02 vs 2.32), 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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