- Issuer
- State Street
- Inception Date
- Mar 10, 2026
- Category
- Multisector Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
PRAB Performance Chart
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Returns By Period
State Street IG Public & Private ABS ETF
- 1D
- 0.08%
- 1M
- 0.38%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.93%
- 6M
- 9.11%
- YTD
- 9.32%
- 1Y
- 19.17%
- 3Y*
- 18.87%
- 5Y*
- 11.45%
- 10Y*
- 13.53%
PRAB Monthly Returns History
Based on dividend-adjusted daily data since Mar 11, 2026, PRAB's average daily return is +0.01%, while the average monthly return is +0.18%. At this rate, an investment would double in approximately 32.1 years.
Historically, 80% of months were positive and 20% were negative. The best month was Jun 2026 with a return of +0.3%, while the worst month was Mar 2026 at 0.0%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 1 months.
On a daily basis, PRAB closed higher 48% of trading days. The best single day was Mar 13, 2026 with a return of +0.2%, while the worst single day was Jun 17, 2026 at -0.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.00% | 0.31% | 0.25% | 0.32% | 0.02% | 0.90% |
Benchmark Metrics
State Street IG Public & Private ABS ETF has an annualized alpha of 2.08%, beta of 0.03, and R2 of 0.11 versus S&P 500 Index. Calculated based on daily prices since March 11, 2026.
- This ETF captured 2.36% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -7.46%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.03 may look defensive, but with R2 of 0.11 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.11 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.08%
- Beta
- 0.03
- R²
- 0.11
- Upside Capture
- 2.36%
- Downside Capture
- -7.46%
Expense Ratio
PRAB has an expense ratio of 0.39%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for State Street IG Public & Private ABS ETF (PRAB) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PRAB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.23 | — |
| Martin ratioReturn relative to average drawdown | — | 9.69 | — |
Dividends
Dividend History
State Street IG Public & Private ABS ETF provided a 1.49% dividend yield over the last twelve months, with an annual payout of $0.37 per share.
| Period | TTM |
|---|---|
| Dividend | $0.37 |
Dividend yield | 1.49% |
Monthly Dividends
The table displays the monthly dividend distributions for State Street IG Public & Private ABS ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.07 | $0.10 | $0.10 | $0.10 | $0.37 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the State Street IG Public & Private ABS ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the State Street IG Public & Private ABS ETF was 0.48%, occurring on Mar 26, 2026. Recovery took 12 trading sessions.
The current State Street IG Public & Private ABS ETF drawdown is 0.02%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -0.48%Mar 2026 | 8d | 19d | 27dMar 2026 - Apr 2026 |
2026 pullback2026 | -0.18%Jun 2026 | 5d | 3d | 8dJun 2026 - Jun 2026 |
2026 pullback2026 | -0.16%May 2026 | 7d | 9d | 16dMay 2026 - May 2026 |
2026 pullback2026 | -0.14%Jun 2026 | 7d | 3d | 10dJun 2026 - Jun 2026 |
2026 pullback2026 | -0.12%Apr 2026 | 1d | 8d | 9dApr 2026 - May 2026 |
Drawdown Indicators
| PRAB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.48% | -56.78% | +56.30% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.02% | -1.66% | +1.64% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -10.71% | +10.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.09% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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