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ICSH vs RAVI: Differences, Returns & Fees

On Jul 31, 2026 ICSH's duration was 0.7 years and RAVI's 0.5; ICSH charges 0.08% to RAVI's 0.25%. Net assets: $9.0bn on Oct 20, 2026 for iShares Ultra Short Duration Bond Active ETF, and $1.5bn on Jul 31, 2026 for Northern Trust Ultra-Short Fixed Income ETF.

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Ask IQ about ICSH and RAVI

Answers cite the figures on this page.

ICSH costs 0.17 points a year less; their one-year returns differ by 0.3 points; ICSH is 5.4 times larger.

ICSH vs RAVI: Differences, Returns & Fees
ICSHRAVI
Expense ratio0.08%0.25%
Net assets, as of Jul 31, 2026$8.1bn$1.5bn
Total return, 1 year+3.5%+3.8%
What it tracksNo index, actively managedNo index, actively managed
Holdings in common3%

Holdings in common uses holdings dated Jul 31, 2026.

+3.5%
ICSH total return, 1 year
+3.8%
RAVI total return, 1 year
0.08%
ICSH expense ratio
0.25%
RAVI expense ratio

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Client brief · page 1 of 2Report BR-EE3EE2418B

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

  1. Holdings in common. 3% of the weight is in the same securities (holdings dated Jul 31, 2026).
  2. Cost. ICSH charges 0.08% of assets a year and RAVI 0.25%, a gap of 0.17 points.
  3. Size. ICSH has $8.1bn in net assets and RAVI $1.5bn (net assets, as of Jul 31, 2026); ICSH is 5.4 times larger.

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, ICSH and RAVI hold 3% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

half

3% in common

Positions both hold, largest shared weight first
Holding ICSH RAVI
Stryker Corp, due Feb 10, 2027 0.32% 0.42%
Salesforce Inc, due Mar 15, 2028 0.65% 0.28%
AbbVie Inc, due Mar 3, 2028 0.26% 0.74%
UBS AG/Stamford CT, due Mar 16, 2029 0.22% 0.30%
Sumitomo Mitsui Trust Bank Ltd, due Mar 5, 2029 0.22% 0.23%
Eaton Corp, due Mar 6, 2028 0.19% 0.36%
Advanced Micro Devices Inc, due Sep 24, 2026 0.17% 0.41%
National Australia Bank Ltd, due Mar 6, 2028 0.16% 0.20%
Wells Fargo & Co, due Jan 24, 2028 0.16% 0.54%
Nordea Bank Abp, due Mar 17, 2028 0.15% 0.52%
Intuit Inc, due Sep 15, 2026 0.14% 0.33%
Amphenol Corp, due Nov 15, 2027 0.13% 0.42%
Only in ICSH
Banco Bilbao Vizcaya Argentaria/New York NY, due Mar 10, 2027 0.91%
BPCE SA, due May 6, 2027 0.91%
Marubeni Finance America LLC, due Aug 7, 2026 0.77%
Cooperatieve Rabobank UA/NY, due Nov 16, 2026 0.74%
Svenska Handelsbanken AB, due Apr 13, 2027 0.72%
Northwestern Mutual Global Funding, due Mar 30, 2029 0.70%
MIZUHO BK LTD NEW YORK BRH INS, due May 26, 2027 0.70%
Toyota Motor Credit Corp, due May 12, 2028 0.68%
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

ICSH
iShares Ultra Short Duration Bond Active ETF
RAVI
Northern Trust Ultra-Short Fixed Income ETF
Where it sits Bond ETF Bond ETF
Issuer iShares Northern Trust
What it is Actively managed Actively managed
Total return, 1 year +3.5% +3.8%
Expense ratio 0.08% 0.25%
Holdings 407 244
Net assets, ICSH as of Oct 20, 2026 and RAVI as of Jul 31, 2026 $9.0bn $1.5bn

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

About ICSH

ICSH is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.5% with distributions reinvested. The prospectus expense ratio is 0.08% 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, ICSH or RAVI?
In the year to Oct 20, 2026, with distributions reinvested, ICSH returned +3.5% and RAVI +3.8%.
Which is cheaper, ICSH or RAVI?
ICSH is cheaper, by 0.17 percentage points a year. That is about $17 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
ICSH vs YEARICSH vs VGUSBILZ vs ICSHBILS vs ICSHRAVI vs TBILRAVI vs TFLORAVI vs VBILRAVI vs USFR
ICSH on its own →RAVI on its own →Hold both: look the portfolio through →Rankings →ICSH dividend history →ICSH holdings →RAVI dividend history →RAVI holdings →Standards and sources →
Where these figures came from
ICSH filings on SEC EDGAR ↗ICSH prospectus with the expense ratio (SEC) ↗iShares page for ICSH ↗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, ICSH against RAVI, data as of Oct 20, 2026. https://etfiq.com/compare/any/icsh-vs-ravi

Open data

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