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ETFs

FlexShares Ultra-Short Income Fund

RAVI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 09 2012
Expense Ratio
0.25%
Type
Global Bonds
Fund Owner
Flexshares (Northern Trust)
Volume (1m avg. daily)
$3,202,049
AUM
$958,412,324
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

ZCTO
UNITED STATES OF AMERICA BILL ZERO CPN 22/JUN/2023
3.01%
ZCTO
UNITED STATES OF AMERICA BILL ZERO CPN 22/AUG/2023
2.06%
ZCTO
UNITED STATES OF AMERICA BILL ZERO CPN 07/SEP/2023
2.05%
ZCTO
UNITED STATES OF AMERICA BILL ZERO CPN 28/SEP/2023
2.05%
ZCTO
UNITED STATES OF AMERICA BILL ZERO CPN 19/OCT/2023
2.04%
ZCTO
UNITED STATES OF AMERICA BILL ZERO CPN 26/OCT/2023
2.04%
ZCTO
UNITED STATES OF AMERICA BILL ZERO CPN 02/NOV/2023
1.53%
ZCTO
UNITED STATES OF AMERICA BILL ZERO CPN 09/NOV/2023
1.52%
ZCTO
UNITED STATES OF AMERICA BILL ZERO CPN 30/NOV/2023
1.52%
FITB5494054
FIFTH THIRD BANK NA CALLABLE MEDIUM TERM NOTE
0.86%
Invest with RAVI

What is RAVI?

FlexShares Ultra-Short Income Fund is an actively managed ETF that attempts to help cash investors try to maintain liquidity and reach higher returns, without undue volatility. RAVI features a variable net asset value (NAV) and can invest beyond the limitations of a traditional money market. The portfolio consists of investment-grade debt securities from around the world, including U.S. and non-U.S. public and private sector securities.

ETFs related toRAVI

ETFs correlated to RAVI include NEAR, YEAR, BSCP

RAVI
FlexShares Trust - FlexShares Ultra-Short Income Fund
NEAR
BlackRock Institutional Trust Company N.A. - BlackRock Short Maturity Bond ETF
YEAR
AB Active ETFs Inc - AB Ultra Short Income ETF
BSCP
Invesco Capital Management LLC - Invesco BulletShares 2025 Corporate Bond ETF
IIGD
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco Investment Grade Defensive ETF
BSV
Vanguard Group, Inc. - Vanguard Short-Term Bond ETF
SPTS
SSgA Active Trust - SPDR Portfolio Short Term Treasury ETF
XTWO
BondBloxx ETF Trust - BondBloxx Bloomberg Two Year Target Duration US Treasury ETF
VGSH
Vanguard Group, Inc. - Vanguard Short-Term Treasury ETF
FSIG
First Trust Exchange-Traded Fund IV - First Trust Limited Duration Investment Grade Corporate ETF
SHY
BlackRock Institutional Trust Company N.A. - iShares 1-3 Year Treasury Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toRAVI

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#LSBH

Hedgefundies Refined: Leveraged Stocks and Bonds with a Hedge

Category

Balance Risk Not Assets, Lever Up, Composer's Picks, Leverage: High Risk, High Reward

Risk Rating

Aggressive

Create your own algorithmic trading strategy with RAVI using Composer

FAQ

RAVI is a Global Bonds ETF. FlexShares Ultra-Short Income Fund is an actively managed ETF that attempts to help cash investors try to maintain liquidity and reach higher returns, without undue volatility. RAVI features a variable net asset value (NAV) and can invest beyond the limitations of a traditional money market. The portfolio consists of investment-grade debt securities from around the world, including U.S. and non-U.S. public and private sector securities.

Yes, RAVI is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, RAVI is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on RAVI is 0.0039%. This is the percent change in the value of RAVI over the most recent 1-month period. The 3-month return on RAVI is 0.0108%. This is the percent change in the value of RAVI over the most recent 3-month period.

The standard deviation of RAVI for the past year is 0.0115%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to RAVI include FLOT, BND, and BIV.

ETFs correlated to RAVI include NEAR, YEAR, and BSCP.

ETFs that are inversely correlated to RAVI include PST, DBMF, and YCS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.