RAVI vs. SPY
Compare and contrast key facts about FlexShares Ready Access Variable Income Fund (RAVI) and SPDR S&P 500 ETF (SPY).
RAVI and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RAVI or SPY.
Correlation
The correlation between RAVI and SPY is 0.03, 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. SPY - Performance Comparison
Key characteristics
RAVI:
13.08
SPY:
1.88
RAVI:
37.44
SPY:
2.53
RAVI:
8.19
SPY:
1.35
RAVI:
70.53
SPY:
2.83
RAVI:
515.60
SPY:
11.74
RAVI:
0.01%
SPY:
2.02%
RAVI:
0.43%
SPY:
12.64%
RAVI:
-3.72%
SPY:
-55.19%
RAVI:
0.00%
SPY:
-0.42%
Returns By Period
In the year-to-date period, RAVI achieves a 0.74% return, which is significantly lower than SPY's 4.15% return. Over the past 10 years, RAVI has underperformed SPY with an annualized return of 2.21%, while SPY has yielded a comparatively higher 13.18% annualized return.
RAVI
0.74%
0.43%
2.60%
5.55%
2.71%
2.21%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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RAVI vs. SPY - Expense Ratio Comparison
RAVI has a 0.25% expense ratio, which is higher than SPY's 0.09% 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. SPY — Risk-Adjusted Performance Rank
RAVI
SPY
RAVI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Ready Access Variable Income Fund (RAVI) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
RAVI's dividend yield for the trailing twelve months is around 5.26%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RAVI FlexShares Ready Access Variable Income Fund | 5.26% | 5.34% | 4.55% | 1.70% | 0.90% | 1.29% | 2.53% | 2.22% | 1.28% | 0.90% | 0.66% | 0.68% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
RAVI vs. SPY - Drawdown Comparison
The maximum RAVI drawdown since its inception was -3.72%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RAVI and SPY. For additional features, visit the drawdowns tool.
Volatility
RAVI vs. SPY - Volatility Comparison
The current volatility for FlexShares Ready Access Variable Income Fund (RAVI) is 0.12%, while SPDR S&P 500 ETF (SPY) has a volatility of 2.93%. This indicates that RAVI experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.