RAVI vs SHV: Differences, Returns & Fees
RAVI's duration was 0.5 years on Jul 31, 2026 and SHV's 0.3 on May 31, 2026; SHV charges 0.15% to RAVI's 0.25%. Net assets: $1.5bn on Jul 31, 2026 for Northern Trust Ultra-Short Fixed Income ETF, and $23.5bn on Oct 20, 2026 for iShares 0-1 Year Treasury Bond ETF.
SHV costs 0.10 points a year less; their one-year returns differ by 0.2 points; SHV is 13.8 times larger.
| RAVI | SHV | |
|---|---|---|
| Expense ratio | 0.25% | 0.15% |
| Net assets, as of Jul 31, 2026 | $1.5bn | $20.7bn |
| Total return, 1 year | +3.8% | +3.6% |
| What it tracks | No index, actively managed | ICE Short US Treasury Securities Index |
| Holdings in common | report dates differ | |
Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.
RAVI and SHV are built for the same job. How do they differ in cost, holdings and results?
- What each follows. RAVI follows No index, actively managed and SHV follows ICE Short US Treasury Securities Index.
- Number of holdings. RAVI holds 244 positions and SHV holds 67.
- Cost. RAVI charges 0.25% of assets a year and SHV 0.15%, 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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On the same fields
RAVI and SHV on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
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.
About SHV
SHV tracks an index of 0-1 Year Treasury Bond. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested. The prospectus expense ratio is 0.15% a year.
Questions people ask
- Which returned more over the last year, RAVI or SHV?
- In the year to Oct 20, 2026, with distributions reinvested, RAVI returned +3.8% and SHV +3.6%.
- Which is cheaper, RAVI or SHV?
- SHV 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.
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ETFIQ, RAVI against SHV, data as of Oct 20, 2026. https://etfiq.com/compare/any/ravi-vs-shv
ETFIQ. (Oct 20, 2026). RAVI against SHV. Retrieved from https://etfiq.com/compare/any/ravi-vs-shv
[RAVI against SHV (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/ravi-vs-shv)
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