A device for sensing electrical current or voltage in an electrical distribution system using an actively compensated current ratio transformer that includes a first magnetic core having a first permeability and a second magnetic core having a second permeability higher than the first permeability. A primary winding having P turns is coupled with the first and second magnetic cores, a measurement winding having M turns is coupled with the first and second magnetic cores so that current in the primary winding induces current in the measurement winding, and a sense winding having S turns is coupled with the second magnetic core. An amplifier coupled to the sense winding receives a voltage developed across the sense winding and produces a compensation current in response to the received voltage. The amplifier has an output coupled to the sense winding to feed the compensation current through the sense winding to reduce the voltage developed across the sense winding voltage to substantially zero. A burden resistor is coupled to the measurement winding and the sense winding for receiving the sum of the current induced in the measurement winding and the compensation current.