BINC vs. PRAB
BINC (iShares Flexible Income Active ETF) and PRAB (State Street IG Public & Private ABS ETF) are both Multisector Bonds funds. Both are actively managed. Their 0.62 correlation means they have sometimes moved together and sometimes differently. BINC charges 0.40%/yr vs 0.39%/yr for PRAB.
Performance
BINC vs. PRAB - Performance Comparison
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Returns By Period
BINC
- 1D
- -0.08%
- 1M
- -0.27%
- 6M
- 0.42%
- YTD
- 1.11%
- 1Y
- 4.14%
- 3Y*
- 6.67%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.76%
PRAB
- 1D
- -0.02%
- 1M
- 0.08%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $70.16M | $76.44M | $122.66M | |
| $4.91K | $7.76K | $91.52K |
BINC vs. PRAB - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BINC iShares Flexible Income Active ETF | 0.78% |
PRAB State Street IG Public & Private ABS ETF | 0.99% |
Correlation
The correlation between BINC and PRAB is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 11, 2026 | 0.62 |
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Return for Risk
BINC vs. PRAB — Risk / Return Rank
BINC
PRAB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BINC vs. PRAB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Flexible Income Active ETF (BINC) and State Street IG Public & Private ABS ETF (PRAB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BINC | PRAB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | — | — |
| Martin ratioReturn relative to average drawdown | 6.37 | — | — |
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Drawdowns
BINC vs. PRAB - Drawdown Comparison
The maximum BINC drawdown since its inception was -2.69%, which is greater than PRAB's maximum drawdown of -0.48%. Use the drawdown chart below to compare losses from any high point for BINC and PRAB.
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Drawdown Indicators
| BINC | PRAB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.69% | -0.48% | -2.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.69% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -2.69% | — | — |
Current DrawdownCurrent decline from peak | -0.50% | -0.06% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -0.36% | -0.08% | -0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | — | — |
Volatility
BINC vs. PRAB - Volatility Comparison
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Volatility by Period
| BINC | PRAB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.99% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.36% | 1.08% | +1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.97% | 1.08% | +1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.97% | 1.08% | +1.89% |
BINC vs. PRAB - Expense Ratio Comparison
BINC has a 0.40% expense ratio, which is higher than PRAB's 0.39% expense ratio.
Dividends
BINC vs. PRAB - Dividend Comparison
BINC's dividend yield for the trailing twelve months is around 5.86%, more than PRAB's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BINC iShares Flexible Income Active ETF | 5.42% | 5.86% | 6.14% | 3.13% |
PRAB State Street IG Public & Private ABS ETF | 1.48% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BINC and PRAB have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRAB is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAB is cheaper with a 0.39% expense ratio, compared with 0.40% for BINC.
BINC has the higher dividend yield at 5.42%, compared with 1.48% for PRAB.
They also come from different issuers: iShares and State Street. Their fees differ too: 0.40% for BINC and 0.39% for PRAB.
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