BLUI vs. PRAB

Last updated Aug 4, 2026

BLUI (Bluemonte Diversified Income ETF) and PRAB (State Street IG Public & Private ABS ETF) are both Multisector Bonds funds. Both are actively managed. Their 0.50 correlation means they have sometimes moved together and sometimes differently. BLUI charges 0.75%/yr vs 0.39%/yr for PRAB.

Performance

BLUI vs. PRAB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bluemonte Diversified Income ETF (BLUI) and State Street IG Public & Private ABS ETF (PRAB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BLUI

• 1D: 0.06%
• 1M: 0.31%
• 6M: 3.19%
• YTD: 4.33%
• 1Y: 7.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.24%

PRAB

• 1D: 0.02%
• 1M: 0.10%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BLUI Bluemonte Diversified Income ETF	$274.76K	$210.61K	$248.62K
PRAB State Street IG Public & Private ABS ETF	$5.12K	$7.87K	$93.05K

BLUI vs. PRAB - Yearly Performance Comparison

	2026 (YTD)
BLUI Bluemonte Diversified Income ETF	1.78%
PRAB State Street IG Public & Private ABS ETF	1.00%

Correlation

The correlation between BLUI and PRAB is 0.50, 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	0.50

Return for Risk

BLUI vs. PRAB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BLUI

BLUI Risk / Return Rank: 80
BLUI Sharpe Ratio Rank: 76
BLUI Sortino Ratio Rank: 80
BLUI Omega Ratio Rank: 82
BLUI Calmar Ratio Rank: 77
BLUI Martin Ratio Rank: 85

PRAB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BLUI vs. PRAB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bluemonte Diversified Income ETF (BLUI) 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.

	BLUI	PRAB	Difference
Sharpe ratio: Return per unit of total volatility	1.90	—	—
Sortino ratio: Return per unit of downside risk	2.83	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	2.97	—	—
Martin ratio: Return relative to average drawdown	13.02	—	—

Drawdowns

BLUI vs. PRAB - Drawdown Comparison

The maximum BLUI drawdown since its inception was -2.43%, which is greater than PRAB's maximum drawdown of -0.48%. Use the drawdown chart below to compare losses from any high point for BLUI and PRAB.

Drawdown Indicators

	BLUI	PRAB	Difference
Max Drawdown Largest peak-to-trough decline	-2.43%	-0.48%	-1.95%
Max Drawdown (1Y) Largest decline over 1 year	-2.43%	—	—
Current Drawdown Current decline from peak	-0.14%	-0.04%	-0.10%
Average Drawdown Average peak-to-trough decline	-0.34%	-0.08%	-0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.55%	—	—

Volatility

Volatility by Period

	BLUI	PRAB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.92%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.81%	1.08%	+2.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.84%	1.08%	+2.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.84%	1.08%	+2.76%

BLUI vs. PRAB - Expense Ratio Comparison

BLUI has a 0.75% expense ratio, which is higher than PRAB's 0.39% expense ratio.

Dividends

BLUI vs. PRAB - Dividend Comparison

BLUI's dividend yield for the trailing twelve months is around 5.11%, more than PRAB's 1.91% yield.

Position	TTM	2025
BLUI Bluemonte Diversified Income ETF	5.11%	2.91%
PRAB State Street IG Public & Private ABS ETF	1.91%	0.00%

Frequently Asked Questions

Can I hold both BLUI and PRAB in my portfolio?

BLUI and PRAB have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BLUI or PRAB?

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.

Which ETF is cheaper, BLUI or PRAB?

PRAB is cheaper with a 0.39% expense ratio, compared with 0.75% for BLUI.

Which ETF pays a higher dividend yield, BLUI or PRAB?

BLUI has the higher dividend yield at 5.11%, compared with 1.91% for PRAB.

What is the main difference between BLUI and PRAB?

They also come from different issuers: Bluemonte and State Street. Their fees differ too: 0.75% for BLUI and 0.39% for PRAB.