FIXP vs. PRAB

Last updated Aug 2, 2026

FIXP (FolioBeyond Enhanced Fixed Income Premium ETF) and PRAB (State Street IG Public & Private ABS ETF) are both Multisector Bonds funds. Both are actively managed. Their 0.47 correlation means their historical movements had little consistent relationship. FIXP charges 1.01%/yr vs 0.39%/yr for PRAB.

Performance

FIXP vs. PRAB - Performance Comparison

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

Returns By Period

FIXP

• 1D: 0.23%
• 1M: 0.28%
• 6M: 2.11%
• YTD: 2.32%
• 1Y: 6.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.59%

PRAB

• 1D: -0.02%
• 1M: 0.08%
• 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)
FIXP FolioBeyond Enhanced Fixed Income Premium ETF	$17.88K	$15.65K	$29.67K
PRAB State Street IG Public & Private ABS ETF	$4.91K	$7.76K	$91.52K

FIXP vs. PRAB - Yearly Performance Comparison

	2026 (YTD)
FIXP FolioBeyond Enhanced Fixed Income Premium ETF	2.24%
PRAB State Street IG Public & Private ABS ETF	0.99%

Correlation

The correlation between FIXP and PRAB is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 11, 2026	0.47

Return for Risk

FIXP vs. PRAB — Risk / Return Rank

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

FIXP

FIXP Risk / Return Rank: 84
FIXP Sharpe Ratio Rank: 82
FIXP Sortino Ratio Rank: 85
FIXP Omega Ratio Rank: 85
FIXP Calmar Ratio Rank: 82
FIXP Martin Ratio Rank: 88

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.

FIXP vs. PRAB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FolioBeyond Enhanced Fixed Income Premium ETF (FIXP) 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.

	FIXP	PRAB	Difference
Sharpe ratio: Return per unit of total volatility	1.91	—	—
Sortino ratio: Return per unit of downside risk	2.84	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	3.03	—	—
Martin ratio: Return relative to average drawdown	13.46	—	—

Drawdowns

FIXP vs. PRAB - Drawdown Comparison

The maximum FIXP drawdown since its inception was -3.42%, which is greater than PRAB's maximum drawdown of -0.48%. Use the drawdown chart below to compare losses from any high point for FIXP and PRAB.

Drawdown Indicators

	FIXP	PRAB	Difference
Max Drawdown Largest peak-to-trough decline	-3.42%	-0.48%	-2.94%
Max Drawdown (1Y) Largest decline over 1 year	-2.14%	—	—
Current Drawdown Current decline from peak	-0.25%	-0.06%	-0.19%
Average Drawdown Average peak-to-trough decline	-0.51%	-0.08%	-0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.48%	—	—

Volatility

Volatility by Period

	FIXP	PRAB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.39%	1.08%	+2.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.91%	1.08%	+2.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.91%	1.08%	+2.83%

FIXP vs. PRAB - Expense Ratio Comparison

FIXP has a 1.01% expense ratio, which is higher than PRAB's 0.39% expense ratio.

Dividends

FIXP vs. PRAB - Dividend Comparison

FIXP's dividend yield for the trailing twelve months is around 5.17%, more than PRAB's 1.48% yield.

Position	TTM	2025
FIXP FolioBeyond Enhanced Fixed Income Premium ETF	5.17%	5.27%
PRAB State Street IG Public & Private ABS ETF	1.48%	0.00%

Frequently Asked Questions

Can I hold both FIXP and PRAB in my portfolio?

FIXP and PRAB have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FIXP 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, FIXP or PRAB?

PRAB is cheaper with a 0.39% expense ratio, compared with 1.01% for FIXP.

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

FIXP has the higher dividend yield at 5.17%, compared with 1.48% for PRAB.

What is the main difference between FIXP and PRAB?

They also come from different issuers: FolioBeyond and State Street. Their fees differ too: 1.01% for FIXP and 0.39% for PRAB.