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FLOT vs RAVI: Differences, Returns & Fees

On Jul 31, 2026 FLOT's duration was 0.0 years and RAVI's 0.5; FLOT charges 0.15% to RAVI's 0.25%. Net assets: $11.5bn on Oct 20, 2026 for iShares Floating Rate Bond ETF, and $1.5bn on Jul 31, 2026 for Northern Trust Ultra-Short Fixed Income ETF.

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Answers cite the figures on this page.

FLOT costs 0.10 points a year less; their one-year returns differ by 0.5 points; FLOT is 6.9 times larger.

FLOT vs RAVI: Differences, Returns & Fees
FLOTRAVI
Expense ratio0.15%0.25%
Net assets, as of Jul 31, 2026$10.3bn$1.5bn
Total return, 1 year+4.3%+3.8%
What it tracksnot read by ETFIQNo index, actively managed
Holdings in common15%

Holdings in common uses holdings dated Jul 31, 2026.

+4.3%
FLOT total return, 1 year
+3.8%
RAVI total return, 1 year
0.15%
FLOT expense ratio
0.25%
RAVI expense ratio

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Client brief · page 1 of 2Report BR-12CCF0E9C9

FLOT and RAVI are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. FLOT follows not read by ETFIQ and RAVI follows No index, actively managed.
  2. Holdings in common. 15% of the weight is in the same securities (holdings dated Jul 31, 2026).
  3. Cost. FLOT charges 0.15% of assets a year and RAVI 0.25%, a gap of 0.10 points.

Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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What they hold in common

By the books each fund has filed, FLOT and RAVI hold 15% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

half

15% in common

Positions both hold, largest shared weight first
Holding FLOT RAVI
Walmart Inc, due Apr 28, 2027 0.29% 0.44%
Morgan Stanley Bank NA, due May 26, 2028 0.28% 0.59%
Abbott Laboratories, due Mar 9, 2029 0.28% 1.55%
Public Storage Operating Co, due Apr 16, 2027 0.30% 0.28%
JPMorgan Chase & Co, due Jan 24, 2029 0.28% 0.61%
Citigroup Inc, due Mar 4, 2029 0.28% 0.69%
Hyundai Capital America, due Jun 24, 2027 0.27% 0.34%
Morgan Stanley, due Apr 13, 2028 0.26% 0.30%
Australia & New Zealand Banking Group Ltd, due Dec 8, 2028 0.26% 0.96%
Lloyds Banking Group PLC, due Nov 26, 2028 0.25% 0.61%
BMW US Capital LLC, due Mar 19, 2027 0.24% 0.56%
Credit Agricole SA, due Mar 11, 2027 0.23% 0.45%
Only in FLOT
European Bank for Reconstruction & Development, due Feb 20, 2028 1.15%
International Bank for Reconstruction & Development, due Aug 19, 2027 1.05%
European Bank for Reconstruction & Development, due Feb 16, 2029 0.95%
International Bank for Reconstruction & Development, due Jan 12, 2027 0.89%
European Bank for Reconstruction & Development, due Jul 22, 2030 0.85%
International Finance Corp, due Aug 28, 2028 0.82%
International Bank for Reconstruction & Development, due Jan 24, 2029 0.77%
International Bank for Reconstruction & Development, due Nov 22, 2028 0.77%
Only in RAVI
FHLMC, due Aug 3, 2026 4.58%
AT&T, Inc., due Feb 15, 2027 1.53%
Ingersoll Rand, Inc., due Jun 15, 2027 1.35%
Reckitt Benckiser Treasury Services plc, due Jun 26, 2027 0.99%
Allstate Corp. (The), due Dec 15, 2026 0.82%
BlackRock, Inc., due Jul 26, 2027 0.82%
Truist Bank, due Jul 24, 2028 0.80%
Exelon Corp., due Mar 15, 2027 0.76%

Check overlap with more funds →

On the same fields

FLOT
iShares Floating Rate Bond ETF
RAVI
Northern Trust Ultra-Short Fixed Income ETF
Where it sits Bond ETF Bond ETF
Issuer iShares Northern Trust
What it is Tracks an index Actively managed
Total return, 1 year +4.3% +3.8%
Expense ratio 0.15% 0.25%
Holdings 557 244
Net assets, FLOT as of Oct 20, 2026 and RAVI as of Jul 31, 2026 $11.5bn $1.5bn

FLOT and RAVI on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About FLOT

FLOT tracks an index. Over the year to Oct 20, 2026 it returned +4.3% with distributions reinvested. The prospectus expense ratio is 0.15% a year.

About RAVI

RAVI is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.8% with distributions reinvested. The prospectus expense ratio is 0.25% a year.

Questions people ask

Which returned more over the last year, FLOT or RAVI?
In the year to Oct 20, 2026, with distributions reinvested, FLOT returned +4.3% and RAVI +3.8%.
Which is cheaper, FLOT or RAVI?
FLOT is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
FLOT vs YEARFLOT vs GSSTFLOT vs VGUSFLOT vs IBTHRAVI vs VBILRAVI vs VUSBICSH vs RAVIGBIL vs RAVI
FLOT on its own →RAVI on its own →Hold both: look the portfolio through →Rankings →FLOT dividend history →FLOT holdings →RAVI dividend history →RAVI holdings →Standards and sources →
Where these figures came from
FLOT filings on SEC EDGAR ↗FLOT prospectus with the expense ratio (SEC) ↗iShares page for FLOT ↗RAVI filings on SEC EDGAR ↗RAVI prospectus with the expense ratio (SEC) ↗Northern Trust website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, FLOT against RAVI, data as of Oct 20, 2026. https://etfiq.com/compare/any/flot-vs-ravi

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.