Which returned more over the last year, IBTH or RAVI?

In the year to Oct 20, 2026, with distributions reinvested, IBTH returned +2.8% and RAVI +3.8%.

Which is cheaper, IBTH or RAVI?

IBTH is cheaper, by 0.18 percentage points a year. That is about $18 on $10,000 held for a year. Fees come from each fund's prospectus.

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IBTH vs RAVI: Differences, Returns & Fees

On Jul 31, 2026 IBTH's duration was 0.9 years and RAVI's 0.5; IBTH charges 0.07% to RAVI's 0.25%. Net assets: $2.4bn on Oct 20, 2026 for iShares iBonds Dec 2027 Term Treasury 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.

IBTH costs 0.18 points a year less; their one-year returns differ by 1.0 point; IBTH is 1.5 times larger.

IBTH vs RAVI: Differences, Returns & Fees
	IBTH	RAVI
Expense ratio	0.07%	0.25%
Net assets, as of Jul 31, 2026	$2.3bn	$1.5bn
Total return, 1 year	+2.8%	+3.8%
What it tracks	ICE 2027 Maturity US Treasury Index	No index, actively managed
Holdings in common	1%

Holdings in common uses holdings dated Jul 31, 2026.

+2.8%

IBTH total return, 1 year

+3.8%

RAVI total return, 1 year

0.07%

IBTH expense ratio

0.25%

RAVI expense ratio

Client brief · page 1 of 2Report BR-966578ED60

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

What each follows. IBTH follows ICE 2027 Maturity US Treasury Index and RAVI follows No index, actively managed.
Holdings in common. 1% of the weight is in the same securities (holdings dated Jul 31, 2026).
Number of holdings. IBTH holds 51 positions and RAVI holds 244.

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, IBTH and RAVI hold 1% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

50%

half

1% in common

Positions both hold, largest shared weight first

Holding IBTH RAVI

U.S. Treasury Notes, due Oct 15, 2027 2.33% 0.53%

U.S. Treasury Notes, due Aug 15, 2027 2.22% 0.28%

Only in IBTH

U.S. Treasury Notes, due Jan 31, 2027 2.93%

U.S. Treasury Notes, due Jun 30, 2027 2.78%

U.S. Treasury Notes, due Sep 30, 2027 2.75%

U.S. Treasury Notes, due Oct 31, 2027 2.71%

U.S. Treasury Notes, due Nov 30, 2027 2.69%

U.S. Treasury Notes, due Mar 31, 2027 2.69%

U.S. Treasury Notes, due Apr 30, 2027 2.68%

U.S. Treasury Notes, due Feb 28, 2027 2.68%

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%

AT&T, Inc., due Feb 15, 2027 1.53%

Ingersoll Rand, Inc., due Jun 15, 2027 1.35%

Royal Bank of Canada, Series 1, due Jul 10, 2029 1.34%

Check overlap with more funds →

On the same fields

IBTH

iShares iBonds Dec 2027 Term Treasury 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 +2.8% +3.8%

Expense ratio 0.07% 0.25%

Holdings 51 244

Net assets, IBTH as of Oct 20, 2026 and RAVI as of Jul 31, 2026 $2.4bn $1.5bn

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

About IBTH

IBTH tracks an index. Over the year to Oct 20, 2026 it returned +2.8% with distributions reinvested. The prospectus expense ratio is 0.07% 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, IBTH or RAVI?: In the year to Oct 20, 2026, with distributions reinvested, IBTH returned +2.8% and RAVI +3.8%.
Which is cheaper, IBTH or RAVI?: IBTH is cheaper, by 0.18 percentage points a year. That is about $18 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

IBTH vs VGUS BILZ vs IBTH DUSB vs IBTH FLDR vs IBTH CLIP vs RAVI RAVI vs TBLL BSCQ vs RAVI BILS vs RAVI

IBTH on its own →RAVI on its own →Hold both: look the portfolio through →Rankings →IBTH dividend history →IBTH holdings →RAVI dividend history →RAVI holdings →Standards and sources →

Where these figures came from

IBTH filings on SEC EDGAR ↗IBTH prospectus with the expense ratio (SEC) ↗iShares page for IBTH ↗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, IBTH against RAVI, data as of Oct 20, 2026. https://etfiq.com/compare/any/ibth-vs-ravi

Open data

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