RAVI vs. SGOV
Compare and contrast key facts about FlexShares Ready Access Variable Income Fund (RAVI) and iShares 0-3 Month Treasury Bond ETF (SGOV).
RAVI and SGOV 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 Northern Trust. It was launched on Oct 9, 2012. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RAVI or SGOV.
Correlation
The correlation between RAVI and SGOV is 0.25, 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.
Performance
RAVI vs. SGOV - Performance Comparison
Key characteristics
RAVI:
13.86
SGOV:
21.91
RAVI:
39.69
SGOV:
513.09
RAVI:
9.44
SGOV:
514.09
RAVI:
71.33
SGOV:
526.44
RAVI:
544.16
SGOV:
8,356.97
RAVI:
0.01%
SGOV:
0.00%
RAVI:
0.41%
SGOV:
0.24%
RAVI:
-3.72%
SGOV:
-0.03%
RAVI:
-0.01%
SGOV:
0.00%
Returns By Period
In the year-to-date period, RAVI achieves a 5.50% return, which is significantly higher than SGOV's 5.18% return.
RAVI
5.50%
0.36%
2.67%
5.62%
2.63%
2.13%
SGOV
5.18%
0.38%
2.54%
5.27%
N/A
N/A
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RAVI vs. SGOV - Expense Ratio Comparison
RAVI has a 0.25% expense ratio, which is higher than SGOV's 0.03% 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%.
Risk-Adjusted Performance
RAVI vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Ready Access Variable Income Fund (RAVI) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
Dividends
RAVI vs. SGOV - Dividend Comparison
RAVI's dividend yield for the trailing twelve months is around 5.35%, more than SGOV's 5.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RAVI FlexShares Ready Access Variable Income Fund | 5.35% | 4.55% | 1.70% | 0.90% | 1.29% | 2.53% | 2.22% | 1.28% | 0.90% | 0.66% | 0.68% | 0.42% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.11% | 4.87% | 1.45% | 0.03% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RAVI vs. SGOV - Drawdown Comparison
The maximum RAVI drawdown since its inception was -3.72%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for RAVI and SGOV. For additional features, visit the drawdowns tool.
Volatility
RAVI vs. SGOV - Volatility Comparison
FlexShares Ready Access Variable Income Fund (RAVI) has a higher volatility of 0.19% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that RAVI's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.