RAVI vs TBLL: Differences, Returns & Fees
RAVI's duration was 0.5 years on Jul 31, 2026 and TBLL's 0.3 on May 31, 2026; TBLL charges 0.08% to RAVI's 0.25%. Net assets: $1.5bn on Jul 31, 2026 for Northern Trust Ultra-Short Fixed Income ETF, and $2.6bn on Oct 20, 2026 for Invesco Short Term Treasury ETF.
TBLL costs 0.17 points a year less; their one-year returns differ by 0.2 points.
| RAVI | TBLL | |
|---|---|---|
| Expense ratio | 0.25% | 0.08% |
| Net assets, RAVI as of Jul 31, 2026 and TBLL as of Oct 20, 2026 | $1.5bn | $2.6bn |
| Total return, 1 year | +3.8% | +3.6% |
| What it tracks | No index, actively managed | ICE U.S. Treasury Short Bond Index |
| Holdings in common | report dates differ | |
Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.
RAVI and TBLL 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 TBLL follows ICE U.S. Treasury Short Bond Index.
- Cost. RAVI charges 0.25% of assets a year and TBLL 0.08%, a gap of 0.17 points.
- One-year total return (similar). Over 1 year to Oct 20, 2026 RAVI returned +3.8% and TBLL +3.6% with distributions reinvested, a gap of 0.2 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 TBLL 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 TBLL
TBLL tracks an index. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested, against +3.6% for its benchmark, the ICE U.S. Treasury Short Bond Index. The prospectus expense ratio is 0.08% a year.
Questions people ask
- Which returned more over the last year, RAVI or TBLL?
- In the year to Oct 20, 2026, with distributions reinvested, RAVI returned +3.8% and TBLL +3.6%.
- Which is cheaper, RAVI or TBLL?
- TBLL 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.
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ETFIQ, RAVI against TBLL, data as of Oct 20, 2026. https://etfiq.com/compare/any/ravi-vs-tbll
ETFIQ. (Oct 20, 2026). RAVI against TBLL. Retrieved from https://etfiq.com/compare/any/ravi-vs-tbll
[RAVI against TBLL (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/ravi-vs-tbll)
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