TILT vs. RAVI
Compare and contrast key facts about FlexShares Morningstar US Market Factor Tilt Index Fund (TILT) and FlexShares Ultra-Short Income ETF (RAVI).
TILT and RAVI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TILT is a passively managed fund by FlexShares that tracks the performance of the Morningstar US Market Factor Tilt Index. It was launched on Sep 16, 2011. RAVI is an actively managed fund by FlexShares. It was launched on Oct 9, 2012.
Performance
TILT vs. RAVI - Performance Comparison
Loading graphics...
TILT vs. RAVI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TILT FlexShares Morningstar US Market Factor Tilt Index Fund | -2.73% | 16.59% | 19.88% | 24.70% | -17.25% | 27.61% | 16.05% | 29.01% | -8.93% | 18.33% |
RAVI FlexShares Ultra-Short Income ETF | 0.72% | 4.98% | 5.67% | 5.55% | 0.15% | -0.04% | 2.06% | 3.49% | 1.65% | 1.22% |
Returns By Period
In the year-to-date period, TILT achieves a -2.73% return, which is significantly lower than RAVI's 0.72% return. Over the past 10 years, TILT has outperformed RAVI with an annualized return of 12.78%, while RAVI has yielded a comparatively lower 2.61% annualized return.
TILT
- 1D
- 2.64%
- 1M
- -4.75%
- YTD
- -2.73%
- 6M
- 0.23%
- 1Y
- 18.78%
- 3Y*
- 17.01%
- 5Y*
- 9.89%
- 10Y*
- 12.78%
RAVI
- 1D
- 0.06%
- 1M
- 0.03%
- YTD
- 0.72%
- 6M
- 1.90%
- 1Y
- 4.36%
- 3Y*
- 5.24%
- 5Y*
- 3.38%
- 10Y*
- 2.61%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TILT vs. RAVI - Expense Ratio Comparison
Both TILT and RAVI have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
TILT vs. RAVI — Risk / Return Rank
TILT
RAVI
TILT vs. RAVI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Morningstar US Market Factor Tilt Index Fund (TILT) and FlexShares Ultra-Short Income ETF (RAVI). 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.
| TILT | RAVI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 8.55 | -7.54 |
Sortino ratioReturn per unit of downside risk | 1.53 | 14.44 | -12.91 |
Omega ratioGain probability vs. loss probability | 1.23 | 3.86 | -2.62 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 12.19 | -10.71 |
Martin ratioReturn relative to average drawdown | 7.08 | 78.58 | -71.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| TILT | RAVI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 8.55 | -7.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 2.40 | -1.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 2.04 | -1.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 1.99 | -1.21 |
Correlation
The correlation between TILT and RAVI is 0.04, 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.
Dividends
TILT vs. RAVI - Dividend Comparison
TILT's dividend yield for the trailing twelve months is around 1.22%, less than RAVI's 4.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TILT FlexShares Morningstar US Market Factor Tilt Index Fund | 1.22% | 1.15% | 1.23% | 1.44% | 1.60% | 1.16% | 1.49% | 1.54% | 1.97% | 1.55% | 1.60% | 1.98% |
RAVI FlexShares Ultra-Short Income ETF | 4.50% | 4.59% | 5.34% | 4.55% | 1.70% | 0.90% | 1.29% | 2.53% | 2.22% | 1.28% | 0.90% | 0.00% |
Drawdowns
TILT vs. RAVI - Drawdown Comparison
The maximum TILT drawdown since its inception was -38.46%, which is greater than RAVI's maximum drawdown of -3.72%. Use the drawdown chart below to compare losses from any high point for TILT and RAVI.
Loading graphics...
Drawdown Indicators
| TILT | RAVI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.46% | -3.72% | -34.74% |
Max Drawdown (1Y)Largest decline over 1 year | -13.06% | -0.36% | -12.70% |
Max Drawdown (5Y)Largest decline over 5 years | -24.12% | -3.28% | -20.84% |
Max Drawdown (10Y)Largest decline over 10 years | -38.46% | -3.72% | -34.74% |
Current DrawdownCurrent decline from peak | -6.09% | 0.00% | -6.09% |
Average DrawdownAverage peak-to-trough decline | -4.27% | -0.18% | -4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 0.06% | +2.67% |
Volatility
TILT vs. RAVI - Volatility Comparison
FlexShares Morningstar US Market Factor Tilt Index Fund (TILT) has a higher volatility of 5.13% compared to FlexShares Ultra-Short Income ETF (RAVI) at 0.16%. This indicates that TILT's price experiences larger fluctuations and is considered to be riskier than RAVI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| TILT | RAVI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 0.16% | +4.97% |
Volatility (6M)Calculated over the trailing 6-month period | 9.77% | 0.28% | +9.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.69% | 0.51% | +18.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.42% | 1.41% | +16.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.75% | 1.29% | +17.46% |