CGMS vs. PRAB

Last updated Jul 17, 2026

CGMS (Capital Group U.S. Multi-Sector Income ETF) and PRAB (State Street IG Public & Private ABS ETF) are both Multisector Bonds funds. Both are actively managed. A 0.62 correlation means they provide meaningful diversification when combined. Both charge a 0.39% expense ratio.

Performance

CGMS vs. PRAB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group U.S. Multi-Sector Income ETF (CGMS) and State Street IG Public & Private ABS ETF (PRAB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CGMS

• 1D: -0.04%
• 1M: -0.28%
• 6M: 1.08%
• YTD: 1.63%
• 1Y: 5.56%
• 3Y*: 7.55%
• 5Y*: —
• 10Y*: —

PRAB

• 1D: -0.02%
• 1M: 0.16%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CGMS vs. PRAB - Yearly Performance Comparison

	2026 (YTD)
CGMS Capital Group U.S. Multi-Sector Income ETF	1.21%
PRAB State Street IG Public & Private ABS ETF	0.99%

Correlation

The correlation between CGMS and PRAB is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 11, 2026	0.62

Return for Risk

CGMS vs. PRAB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CGMS

CGMS Risk / Return Rank: 62
CGMS Sharpe Ratio Rank: 61
CGMS Sortino Ratio Rank: 65
CGMS Omega Ratio Rank: 62
CGMS Calmar Ratio Rank: 56
CGMS Martin Ratio Rank: 69

PRAB

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CGMS vs. PRAB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group U.S. Multi-Sector Income ETF (CGMS) 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.

	CGMS	PRAB	Difference
Sharpe ratio: Return per unit of total volatility	1.61	—	—
Sortino ratio: Return per unit of downside risk	2.40	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	2.26	—	—
Martin ratio: Return relative to average drawdown	9.99	—	—

Drawdowns

CGMS vs. PRAB - Drawdown Comparison

The maximum CGMS drawdown since its inception was -4.08%, which is greater than PRAB's maximum drawdown of -0.48%. Use the drawdown chart below to compare losses from any high point for CGMS and PRAB.

Drawdown Indicators

	CGMS	PRAB	Difference
Max Drawdown Largest peak-to-trough decline	-4.08%	-0.48%	-3.60%
Max Drawdown (1Y) Largest decline over 1 year	-2.47%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.08%	—	—
Current Drawdown Current decline from peak	-0.36%	-0.02%	-0.34%
Average Drawdown Average peak-to-trough decline	-0.66%	-0.08%	-0.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.56%	—	—

Volatility

Volatility by Period

	CGMS	PRAB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.89%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.83%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.46%	1.12%	+2.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.09%	1.12%	+3.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.09%	1.12%	+3.97%

CGMS vs. PRAB - Expense Ratio Comparison

Both CGMS and PRAB have an expense ratio of 0.39%.

Dividends

CGMS vs. PRAB - Dividend Comparison

CGMS's dividend yield for the trailing twelve months is around 6.14%, more than PRAB's 1.48% yield.

Position	TTM	2025	2024	2023	2022
CGMS Capital Group U.S. Multi-Sector Income ETF	6.14%	6.00%	5.91%	5.84%	0.97%
PRAB State Street IG Public & Private ABS ETF	1.48%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CGMS and PRAB in my portfolio?

CGMS 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.

Which ETF is better, CGMS or PRAB?

Both ETFs have the same 0.39% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CGMS or PRAB?

CGMS and PRAB have the same expense ratio: 0.39% per year.

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

CGMS has the higher dividend yield at 6.14%, compared with 1.48% for PRAB.

What is the main difference between CGMS and PRAB?

They also come from different issuers: Capital Group and State Street.