FlexShares Ready Access Variable Income Fund (RAVI) Performance
RAVI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +2.9% since Dec 31, 2025
- 1 year
- +3.8% total return
- 5 years
- +3.8% a year
- 10 years
- +2.7% a year
- Since first price
- +2.2% a year since 2012
RAVI trailing returns vs AGG, TLT, SPY
| Period | RAVI total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.3% | 0.0% | +0.9% | +1.5% | −1.0% |
| 3 months | +0.9% | −0.2% | −0.4% | −1.0% | +3.2% |
| 6 months | +1.8% | −0.3% | −1.5% | −3.8% | +7.8% |
| YTD | +2.9% | −0.3% | −1.0% | −3.4% | +12.3% |
| 1 year | +3.8% | −0.5% | −1.1% | −6.9% | +14.4% |
| 3 years | +15.6%+5.0%/yr | +0.2% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +20.4%+3.8%/yr | −1.1% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +31.0%+2.7%/yr | −0.7% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| Since inceptionOct 11, 2012 | +35.5%+2.2%/yr | +0.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: RAVI vs AGG
From Oct 11, 2012: RAVI grew to $13,546, AGG to $12,541.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
RAVI returns by calendar year
12 of 13 full years positive. Best 2024 (+5.7%), worst 2021 (−0.0%). 2026 is year to date.
RAVI annual returns table
| Year | RAVI | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +2.9% | −0.1% | −1.0% | −3.4% | +12.3% |
| 2025 | +5.0% | −0.4% | +7.2% | +4.3% | +17.7% |
| 2024 | +5.7% | −0.1% | +1.3% | −8.1% | +24.9% |
| 2023 | +5.6% | −0.4% | +5.7% | +2.8% | +26.2% |
| 2022 | +0.2% | −2.9% | −13.0% | −31.2% | −18.2% |
| 2021 | −0.0% | −0.4% | −1.8% | −4.6% | +28.7% |
| 2020 | +2.1% | −3.7% | +7.5% | +18.2% | +18.3% |
| 2019 | +3.5% | −0.1% | +8.5% | +14.1% | +31.2% |
| 2018 | +1.7% | −0.3% | +0.1% | −1.6% | −4.6% |
| 2017 | +1.2% | −0.3% | +3.6% | +9.2% | +21.7% |
| 2016 | +1.5% | −0.8% | +2.4% | +1.2% | +12.0% |
| 2015 | +0.3% | −0.6% | +0.5% | −1.8% | +1.2% |
| 2014 | +0.6% | −0.3% | +6.0% | +27.3% | +13.5% |
| 2013 | +0.9% | −0.3% | −2.0% | −13.4% | +32.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
RAVI risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2012 |
|---|---|---|---|---|
| Annualized return | +5.0% | +3.7% | +2.7% | +2.2% |
| Volatility (annualized) | 0.4% | 0.9% | 1.3% | 1.1% |
| Sharpe ratio | 1.53 | 0.11 | 0.37 | 0.55 |
| Sortino ratio | 2.37 | 0.14 | 0.50 | 0.75 |
| Best month | +0.6% | +0.6% | +2.0% | +2.0% |
| Worst month | +0.0% | −0.5% | −2.4% | −2.4% |
| Best 12 months | +6.2% | +6.2% | +6.2% | +6.2% |
| Worst 12 months | +3.8% | −1.2% | −1.4% | −1.4% |
| Positive months | 100% | 85% | 83% | 82% |
| Beta vs S&P 500 | 0.01 | 0.02 | 0.04 | — |
| Correlation with S&P 500 | 0.42 | 0.33 | 0.44 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
RAVI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 157 | −1.4% | +1.5% | +6.2% | 92% |
| 3-year (a year) | 133 | +0.5% | +1.7% | +5.5% | 100% |
| 5-year (a year) | 109 | +0.9% | +1.8% | +3.8% | 100% |
| 10-year (a year) | 49 | +1.1% | +2.0% | +2.8% | 100% |
Every holding period starting at a month-end since 2012. Returns for 3 years and longer are annualized.
RAVI performance overview
FlexShares Ready Access Variable Income Fund (RAVI) returned +3.8% over the past year and +2.7% a year over ten years, with distributions reinvested. Since its first recorded price in 2012 it has returned +2.2% a year, turning $10,000 into about $13,546. Over the same year U.S. bonds (AGG) returned −1.1%.
Related: RAVI chart, RAVI dividends, RAVI bond profile. See the RAVI overview for the latest quote and fund facts.
RAVI performance FAQ
What is the RAVI return over the past year?
RAVI returned +3.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 0.5%.
What is the average annual return of RAVI?
RAVI has returned +3.8% a year over 5 years, +2.7% a year over 10 years, +2.2% a year since October 11, 2012 (total return, distributions reinvested).
How much would $10,000 invested in RAVI be worth?
$10,000 invested in RAVI at its first recorded close on October 11, 2012 would be worth about $13,546 on October 23, 2026 with distributions reinvested.
What was the worst year for RAVI?
The worst calendar year was 2021, with a total return of −0.0%. The best was 2024 at +5.7%.
How volatile is RAVI?
Over the past 3 years RAVI had an annualized volatility of 0.4% and a Sharpe ratio of 1.53 (excess return over 1–3 month T-bills per unit of risk).