FLXI vs. PRAB

Last updated Jul 17, 2026

FLXI (Invesco Flexible Income ETF) and PRAB (State Street IG Public & Private ABS ETF) are both Multisector Bonds funds. Both are actively managed. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.39% expense ratio.

Performance

FLXI vs. PRAB - Performance Comparison

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

Returns By Period

FLXI

• 1D: -0.14%
• 1M: -0.32%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 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)

FLXI vs. PRAB - Yearly Performance Comparison

	2026 (YTD)
FLXI Invesco Flexible Income ETF	0.37%
PRAB State Street IG Public & Private ABS ETF	0.99%

Correlation

The correlation between FLXI and PRAB is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 11, 2026	0.49

Return for Risk

FLXI vs. PRAB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Flexible Income ETF (FLXI) 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.

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

Drawdowns

FLXI vs. PRAB - Drawdown Comparison

The maximum FLXI drawdown since its inception was -3.52%, which is greater than PRAB's maximum drawdown of -0.48%. Use the drawdown chart below to compare losses from any high point for FLXI and PRAB.

Drawdown Indicators

	FLXI	PRAB	Difference
Max Drawdown Largest peak-to-trough decline	-3.52%	-0.48%	-3.04%
Current Drawdown Current decline from peak	-0.96%	-0.02%	-0.94%
Average Drawdown Average peak-to-trough decline	-1.22%	-0.08%	-1.14%

Volatility

Volatility by Period

	FLXI	PRAB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13,190.34%	1.12%	+13,189.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13,190.34%	1.12%	+13,189.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13,190.34%	1.12%	+13,189.22%

FLXI vs. PRAB - Expense Ratio Comparison

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

Dividends

FLXI vs. PRAB - Dividend Comparison

FLXI's dividend yield for the trailing twelve months is around 1.70%, more than PRAB's 1.48% yield.

Position	TTM
FLXI Invesco Flexible Income ETF	1.70%
PRAB State Street IG Public & Private ABS ETF	1.48%

Frequently Asked Questions

Can I hold both FLXI and PRAB in my portfolio?

FLXI and PRAB have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLXI 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, FLXI or PRAB?

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

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

FLXI has the higher dividend yield at 1.70%, compared with 1.48% for PRAB.

What is the main difference between FLXI and PRAB?

They also come from different issuers: Invesco and State Street.