RAVI vs. TUSB

Last updated Aug 2, 2026

RAVI (FlexShares Ultra-Short Income ETF) and TUSB (Thrivent Ultra Short Bond ETF) are both Ultrashort Bond funds. Both are actively managed. Over the past year, RAVI returned 4.19% vs 4.55% for TUSB. Their 0.23 correlation means their historical movements had little consistent relationship. RAVI charges 0.25%/yr vs 0.20%/yr for TUSB.

Performance

RAVI vs. TUSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares Ultra-Short Income ETF (RAVI) and Thrivent Ultra Short Bond ETF (TUSB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RAVI achieves a 2.16% return, which is significantly lower than TUSB's 2.58% return.

RAVI

• 1D: 0.09%
• 1M: 0.31%
• 6M: 1.81%
• YTD: 2.16%
• 1Y: 4.19%
• 3Y*: 5.11%
• 5Y*: 3.62%
• 10Y*: 2.71%
• ALL TIME*: 2.66%

TUSB

• 1D: 0.06%
• 1M: 0.47%
• 6M: 2.07%
• YTD: 2.58%
• 1Y: 4.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.76%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RAVI FlexShares Ultra-Short Income ETF	$4.50M	$6.77M	$5.93M
TUSB Thrivent Ultra Short Bond ETF	$669.76K	$810.48K	$941.31K

RAVI vs. TUSB - Yearly Performance Comparison

	2026 (YTD)	2025
RAVI FlexShares Ultra-Short Income ETF	2.16%	4.26%
TUSB Thrivent Ultra Short Bond ETF	2.58%	4.25%

Correlation

The correlation between RAVI and TUSB is 0.16, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.16
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025	0.23

Return for Risk

RAVI vs. TUSB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RAVI

RAVI Risk / Return Rank: 99
RAVI Sharpe Ratio Rank: 100
RAVI Sortino Ratio Rank: 99
RAVI Omega Ratio Rank: 99
RAVI Calmar Ratio Rank: 99
RAVI Martin Ratio Rank: 99

TUSB

TUSB Risk / Return Rank: 99
TUSB Sharpe Ratio Rank: 98
TUSB Sortino Ratio Rank: 99
TUSB Omega Ratio Rank: 98
TUSB Calmar Ratio Rank: 99
TUSB Martin Ratio Rank: 99

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RAVI vs. TUSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares Ultra-Short Income ETF (RAVI) and Thrivent Ultra Short Bond ETF (TUSB). 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	TUSB	Difference
Sharpe ratio: Return per unit of total volatility	10.33	4.80	+5.53
Sortino ratio: Return per unit of downside risk	22.73	8.41	+14.32
Omega ratio: Gain probability vs. loss probability	5.05	2.15	+2.90
Calmar ratio: Return relative to maximum drawdown	36.97	18.79	+18.19
Martin ratio: Return relative to average drawdown	208.35	74.19	+134.16

RAVI vs. TUSB - Sharpe Ratio Comparison

The current RAVI Sharpe Ratio is 10.33, which is higher than the TUSB Sharpe Ratio of 4.80. The chart below compares the historical Sharpe Ratios of RAVI and TUSB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RAVI vs. TUSB - Drawdown Comparison

The maximum RAVI drawdown since its inception was -3.72%, which is greater than TUSB's maximum drawdown of -0.51%. Use the drawdown chart below to compare losses from any high point for RAVI and TUSB.

Drawdown Indicators

	RAVI	TUSB	Difference
Max Drawdown Largest peak-to-trough decline	-3.72%	-0.51%	-3.21%
Max Drawdown (1Y) Largest decline over 1 year	-0.12%	-0.25%	+0.13%
Max Drawdown (3Y) Largest decline over 3 years	-0.36%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-3.28%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-3.72%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.17%	-0.06%	-0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.02%	0.06%	-0.04%

Volatility

RAVI vs. TUSB - Volatility Comparison

The current volatility for FlexShares Ultra-Short Income ETF (RAVI) is 0.13%, while Thrivent Ultra Short Bond ETF (TUSB) has a volatility of 0.26%. This indicates that RAVI experiences smaller price fluctuations and is considered to be less risky than TUSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RAVI	TUSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.13%	0.26%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	0.32%	0.72%	-0.40%
Volatility (1Y) Calculated over the trailing 1-year period	0.42%	0.97%	-0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.41%	1.23%	+0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.28%	1.23%	+0.05%

RAVI vs. TUSB - Expense Ratio Comparison

RAVI has a 0.25% expense ratio, which is higher than TUSB's 0.20% 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. TUSB - Dividend Comparison

RAVI's dividend yield for the trailing twelve months is around 4.32%, more than TUSB's 4.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
RAVI FlexShares Ultra-Short Income ETF	3.94%	4.59%	5.34%	4.55%	1.70%	0.90%	1.29%	2.53%	2.22%	1.28%	0.90%
TUSB Thrivent Ultra Short Bond ETF	4.26%	3.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RAVI and TUSB in my portfolio?

RAVI and TUSB have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RAVI or TUSB?

TUSB has higher volatility (0.26%) compared to RAVI (0.13%). In terms of maximum drawdown, RAVI dropped -3.72% vs TUSB's -0.51%.

Which ETF is better, RAVI or TUSB?

On 1-year performance, TUSB leads with 4.55% vs 4.19% for RAVI. On fees, TUSB is cheaper at 0.20% 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.

Which ETF has performed better, RAVI or TUSB?

Over the 1-year period, TUSB has performed better with a 4.55% return vs 4.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RAVI or TUSB?

TUSB is cheaper with a 0.20% expense ratio, compared with 0.25% for RAVI.

Which ETF pays a higher dividend yield, RAVI or TUSB?

TUSB has the higher dividend yield at 4.26%, compared with 3.94% for RAVI.

What is the main difference between RAVI and TUSB?

They also come from different issuers: FlexShares and Thrivent. Their fees differ too: 0.25% for RAVI and 0.20% for TUSB.

Which has better risk-adjusted returns?

RAVI currently has the higher Sharpe Ratio (10.33 vs 4.80), 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.