A
vs
B
Share
Compare their flowsAsk IQ about these two funds

RAVI vs USFR: Differences, Returns & Fees

RAVI's duration was 0.5 years on Jul 31, 2026 and USFR's 0.0 on May 31, 2026; USFR 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 $17.0bn on May 31, 2026 for WisdomTree Floating Rate Treasury Fund.

Ask IQ about this page

Ask IQ about RAVI and USFR

Answers cite the figures on this page.

USFR costs 0.10 points a year less; their one-year returns differ by 0.2 points.

RAVI vs USFR: Differences, Returns & Fees
RAVIUSFR
Expense ratio0.25%0.15%
Net assets, RAVI as of Jul 31, 2026 and USFR as of May 31, 2026$1.5bn$17.0bn
Total return, 1 year+3.8%+4.0%
What it tracksNo index, actively managedBloomberg U.S. Treasury Floating Rate Bond Index
Holdings in commonreport dates differ

Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.

+3.8%
RAVI total return, 1 year
+4.0%
USFR total return, 1 year
0.25%
RAVI expense ratio
0.15%
USFR expense ratio

Get the week's ETF fund flows by email, every Monday.

Plus the Friday ETF note. Confirm from the link that arrives, and unsubscribe in one click. See Privacy.

Client brief · page 1 of 2Report BR-8BFACF84D9

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

  1. What each follows. RAVI follows No index, actively managed and USFR follows Bloomberg U.S. Treasury Floating Rate Bond Index.
  2. Number of holdings. RAVI holds 244 positions and USFR holds 4.
  3. Cost. RAVI charges 0.25% of assets a year and USFR 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.

Take this comparison to a client

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Not advice. The brief uses the figures on this page, with the data date and a report id. Saved comparisons are listed on your saved page; privacy.

On the same fields

RAVI
Northern Trust Ultra-Short Fixed Income ETF
USFR
WisdomTree Floating Rate Treasury Fund
Where it sits Bond ETF Bond ETF
Issuer Northern Trust WisdomTree
What it is Actively managed Tracks an index of Floating Rate Treasury
Total return, 1 year +3.8% +4.0%
Its benchmark over the same days not measured +4.0% (TFLO)
Gap to its benchmark not measured +0.1 pts vs TFLO
Expense ratio 0.25% 0.15%
Holdings 244 4
Net assets, RAVI as of Jul 31, 2026 and USFR as of May 31, 2026 $1.5bn $17.0bn

RAVI and USFR 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 USFR

USFR tracks an index of Floating Rate Treasury. Over the year to Oct 20, 2026 it returned +4.0% with distributions reinvested, against +4.0% for its benchmark, the Bloomberg U.S. Treasury Floating Rate Bond Index. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, RAVI or USFR?
In the year to Oct 20, 2026, with distributions reinvested, RAVI returned +3.8% and USFR +4.0%.
Which is cheaper, RAVI or USFR?
USFR 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.
Other comparisons
RAVI vs VBILRAVI vs SHVFLOT vs RAVIRAVI vs TFLOBILZ vs USFRDUSB vs USFRFLDR vs USFRCLIP vs USFR
RAVI on its own →USFR on its own →Hold both: look the portfolio through →Rankings →RAVI dividend history →RAVI holdings →USFR dividend history →USFR holdings →Standards and sources →
Where these figures came from
RAVI filings on SEC EDGAR ↗RAVI prospectus with the expense ratio (SEC) ↗Northern Trust website ↗USFR filings on SEC EDGAR ↗USFR prospectus with the expense ratio (SEC) ↗WisdomTree page for USFR ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, RAVI against USFR, data as of Oct 20, 2026. https://etfiq.com/compare/any/ravi-vs-usfr

Open data

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