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IBDS vs RAVI: Differences, Returns & Fees

On Jul 31, 2026 IBDS's duration was 0.8 years and RAVI's 0.5; IBDS charges 0.10% to RAVI's 0.25%. Net assets: $4.0bn on Oct 20, 2026 for iShares iBonds Dec 2027 Term Corporate 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.

IBDS costs 0.15 points a year less; their one-year returns differ by 0.5 points; IBDS is 2.6 times larger.

IBDS vs RAVI: Differences, Returns & Fees
IBDSRAVI
Expense ratio0.10%0.25%
Net assets, as of Jul 31, 2026$3.9bn$1.5bn
Total return, 1 year+3.3%+3.8%
What it tracksnot read by ETFIQNo index, actively managed
Holdings in common4%

Holdings in common uses holdings dated Jul 31, 2026.

+3.3%
IBDS total return, 1 year
+3.8%
RAVI total return, 1 year
0.10%
IBDS expense ratio
0.25%
RAVI expense ratio

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Client brief · page 1 of 2Report BR-BD59BA8E9A

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

  1. What each follows. IBDS follows not read by ETFIQ and RAVI follows No index, actively managed.
  2. Holdings in common. 4% of the weight is in the same securities (holdings dated Jul 31, 2026).
  3. Cost. IBDS charges 0.10% of assets a year and RAVI 0.25%, a gap of 0.15 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, IBDS and RAVI hold 4% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

half

4% in common

Positions both hold, largest shared weight first
Holding IBDS RAVI
Becton Dickinson & Co, due Jun 6, 2027 0.32% 0.53%
Verizon Communications Inc, due Mar 16, 2027 0.31% 0.40%
Cardinal Health Inc, due Jun 15, 2027 0.23% 0.66%
L3Harris Technologies Inc, due Jan 15, 2027 0.22% 0.47%
US Bancorp, due Apr 27, 2027 0.22% 0.22%
State Street Corp, due Oct 22, 2027 0.21% 0.47%
Accenture Capital Inc, due Oct 4, 2027 0.20% 0.30%
Synopsys Inc, due Apr 1, 2027 0.19% 0.52%
CSX Corp, due Jun 1, 2027 0.18% 0.66%
Diamondback Energy Inc, due Apr 18, 2027 0.16% 0.56%
AT&T Inc, due Feb 15, 2027 0.14% 1.53%
Sysco Corp, due Jul 15, 2027 0.14% 0.36%
Only in IBDS
T-Mobile USA Inc, due Apr 15, 2027 0.73%
Microsoft Corp, due Feb 6, 2027 0.73%
Citigroup Inc, due Sep 29, 2027 0.72%
Amazon.com Inc, due Aug 22, 2027 0.63%
Morgan Stanley, due Jan 20, 2027 0.55%
Goldman Sachs Group Inc/The, due Jan 26, 2027 0.55%
Oracle Corp, due Nov 15, 2027 0.50%
Meta Platforms Inc, due Aug 15, 2027 0.48%
Only in RAVI
FHLMC, due Aug 3, 2026 4.58%
Walt Disney Co. (The), due Mar 14, 2029 2.60%
Merck & Co., Inc., due Mar 15, 2029 1.85%
Bank of America Corp., due May 9, 2029 1.62%
Abbott Laboratories, due Mar 9, 2029 1.55%
Royal Bank of Canada, Series 1, due Jul 10, 2029 1.34%
Truist Bank, due Jan 27, 2029 1.20%
Chevron USA, Inc., due Aug 13, 2028 1.16%

Check overlap with more funds →

On the same fields

IBDS
iShares iBonds Dec 2027 Term Corporate 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 +3.3% +3.8%
Expense ratio 0.10% 0.25%
Holdings 647 244
Net assets, IBDS as of Oct 20, 2026 and RAVI as of Jul 31, 2026 $4.0bn $1.5bn

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

About IBDS

IBDS tracks an index. Over the year to Oct 20, 2026 it returned +3.3% with distributions reinvested. The prospectus expense ratio is 0.10% 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, IBDS or RAVI?
In the year to Oct 20, 2026, with distributions reinvested, IBDS returned +3.3% and RAVI +3.8%.
Which is cheaper, IBDS or RAVI?
IBDS is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
IBDS vs VGUSBILZ vs IBDSIBDS vs IBTHIBDS vs VNLARAVI vs TBILRAVI vs VBILRAVI vs USFRPULS vs RAVI
IBDS on its own →RAVI on its own →Hold both: look the portfolio through →Rankings →IBDS dividend history →IBDS holdings →RAVI dividend history →RAVI holdings →Standards and sources →
Where these figures came from
IBDS filings on SEC EDGAR ↗IBDS prospectus with the expense ratio (SEC) ↗iShares page for IBDS ↗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, IBDS against RAVI, data as of Oct 20, 2026. https://etfiq.com/compare/any/ibds-vs-ravi

Open data

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