RAVIvsVNLAETF Comparison
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Northern Trust Ultra-Short Fixed Income ETF (RAVI) and Janus Short Duration Income ETF (VNLA) belong to the same industry segment: Intl IG Bonds. RAVI's top 3 sector exposures are Finance, Healthcare and Industrials. In contrast, VNLA's top sector exposures are Finance, Industrials and Utilities. RAVI is more expensive with a Total Expense Ratio (TER) of 0.26%, versus 0.23% for VNLA. RAVI is up 2.5% year-to-date (YTD) with +$220M in YTD flows. VNLA performs worse with 2.34% YTD performance, and +$596M in YTD flows. Run a side-by-side ETF comparison of RAVI and VNLA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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RAVI vs VNLA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | RAVI VNLA | +0.19%+0.03% | +0.83%+0.69% | +2.50%+2.34% | +3.85%+3.80% | +15.75%+17.49% | +19.71%+21.29% |
| Flows | RAVI VNLA | +$97M+$76M | +$155M+$166M | +$220M+$596M | +$231M+$692M | +$539M+$1.15B | +$1.22B+$772M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | RAVI VNLA | +0.31%+0.54% | +0.32%+0.50% | +0.36%+0.63% | +0.45%+0.68% |
| Max drawdown | RAVI VNLA | -0.05%-0.15% | -0.09%-0.39% | -0.39%-0.39% | -1.64%-1.80% |
| Max drawdown duration | RAVI VNLA | 6d8d | 18d37d | 21d37d | 464d470d |
Trading data
RAVI | VNLA | |
Last sale 9/16/2026 at 1:30 PM | $75.17 | $48.72 |
| Previous close 09/15/2026 | $75.17 | $48.72 |
| Consolidated volume 09/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/16/2026 at 1:30 PM
Live
Closed
RAVI | VNLA | |
|---|---|---|
| Last price | $75.17 | $48.72 |
| 1D performance | +0.00% | -0.00% |
| AuM | $1.60 B | $3.44 B |
| E/R | 0.26% | 0.23% |
Characteristics
RAVI | VNLA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Northern Trust | Janus Henderson Investors |
| Benchmark | - | - |
| N° of holdings | 191 | 271 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 9, 2012 | November 16, 2016 |
| ESG | No | No |
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Exposure
Countries
RAVI
USA
57.56%
Other
42.44%
VNLA
USA
51.83%
Australia
8.34%
Other
39.83%
Sectors
RAVI
Finance
43.91%
Healthcare
9.5%
Other
46.59%
VNLA
Finance
49.38%
Industrials
10.59%
Other
40.02%
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Diversification
RAVI
Total weight of top 15 holdings out of 15
20.24%
VNLA
Total weight of top 15 holdings out of 15
13.32%
Top 15 holdings
Data as of July 31, 2026
RAVI
Walt Disney, FRN 14mar2029, USD
2.61%
Merck & Co, FRN 15mar2029, USD
1.85%
Bank of America Corporation, FRN 9may2029, USD (N)
1.62%
Abbott Laboratories, FRN 9mar2029, USD
1.55%
AT&T Inc, 3.8% 15feb2027, USD
1.54%
Ingersoll Rand, 5.197% 15jun2027, USD
1.35%
Royal Bank of Canada, FRN 10jul2029, USD
1.34%
Truist Bank, FRN 27jan2029, USD (I)
1.21%
Chevron U.S.A., FRN 13aug2028, USD
1.16%
Sanofi, FRN 3nov2028, USD
1.12%
Amazon.com, FRN 9jul2029, USD
1.01%
Reckitt Benckiser Group, 3% 26jun2027, USD
0.99%
Mizuho Financial Group, FRN 13jul2030, USD
0.97%
Australia and New Zealand Banking Group, FRN 8dec2028, USD
0.97%
Toyota Motor Credit, FRN 8jan2027, USD (B)
0.94%
VNLA
Morgan Stanley Bank, N.A., 4.952% 14jan2028, USD (A)
1.32%
US40412DH446
1.24%
US40412DH362
1.04%
US04022DHQ34
0.94%
US31622GH428
0.91%
US04022DHB64
0.90%
CA292976VU87
0.89%
Bank Australia Ltd, FRN 21feb2028, AUD
0.82%
Atlas Warehouse Lending, 6.05% 15jan2028, USD
0.78%
Molex Electronic Technologies, 4.75% 30apr2028, USD
0.77%
Goldman Sachs, FRN 21jan2029, USD
0.75%
Wells Fargo, FRN 20may2029, USD (Y)
0.75%
Bank of America Corporation, 4.979% 24jan2029, USD (N)
0.75%
Australia and New Zealand Banking Group, 5.545% 15jan2035, AUD (194)
0.72%
Atlas Warehouse Lending, 4.625% 15nov2028, USD
0.72%
Frequently asked questions about RAVI and VNLA
How have the RAVI and VNLA ETFs performed in 2026?
As of September 15, 2026, RAVI is up 2.5% year-to-date (YTD), while VNLA has returned 2.34%. That puts RAVI better performer ahead so far this year.
Which ETF is attracting more investor money: RAVI or VNLA?
Year-to-date, the RAVI ETF saw +$220M in flows, compared to +$596M for VNLA.
Which ETF is more volatile: RAVI or VNLA?
Over the past year, RAVI had a volatility of 0.32%, while VNLA experienced 0.5%.
Which ETF is bigger: RAVI or VNLA?
As of September 15, 2026, RAVI holds $1.60 B in assets under management (AUM), while VNLA manages $3.44 B.
What sectors do the RAVI and VNLA ETFs invest in?
RAVI leans toward sectors like Finance and Healthcare. Meanwhile, VNLA focuses on Finance and Industrials.
What are the top holdings of the RAVI ETF and VNLA ETF?
RAVI top holdings include Walt Disney, FRN 14mar2029, USD, Merck & Co, FRN 15mar2029, USD and Bank of America Corporation, FRN 9may2029, USD (N). VNLA holds in its top three: Morgan Stanley Bank, N.A., 4.952% 14jan2028, USD (A), US40412DH446 and US40412DH362.
Which ETF is more diversified: RAVI or VNLA?
RAVI holds 244 securities with 20.24% of its assets in the top 15. VNLA has 335 securities and a top 15 weight of 13.32%.
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