HFSI vs. PRAB
HFSI (Hartford Strategic Income ETF) and PRAB (State Street IG Public & Private ABS ETF) are both Multisector Bonds funds. Both are actively managed. Their 0.64 correlation means they have sometimes moved together and sometimes differently. HFSI charges 0.49%/yr vs 0.39%/yr for PRAB.
Performance
HFSI vs. PRAB - Performance Comparison
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Returns By Period
HFSI
- 1D
- 0.26%
- 1M
- -0.50%
- 6M
- 0.57%
- YTD
- 1.08%
- 1Y
- 4.70%
- 3Y*
- 7.99%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.61%
PRAB
- 1D
- 0.02%
- 1M
- 0.10%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.57M | $12.84M | $8.48M | |
| $5.12K | $7.87K | $93.05K |
HFSI vs. PRAB - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
HFSI Hartford Strategic Income ETF | 0.73% |
PRAB State Street IG Public & Private ABS ETF | 1.00% |
Correlation
The correlation between HFSI and PRAB is 0.64, 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 | 0.64 |
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Return for Risk
HFSI vs. PRAB — Risk / Return Rank
HFSI
PRAB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HFSI vs. PRAB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Strategic Income ETF (HFSI) 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.
| HFSI | PRAB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.25 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | — | — |
| Martin ratioReturn relative to average drawdown | 5.96 | — | — |
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Drawdowns
HFSI vs. PRAB - Drawdown Comparison
The maximum HFSI drawdown since its inception was -19.34%, which is greater than PRAB's maximum drawdown of -0.48%. Use the drawdown chart below to compare losses from any high point for HFSI and PRAB.
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Drawdown Indicators
| HFSI | PRAB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.34% | -0.48% | -18.86% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.37% | — | — |
Current DrawdownCurrent decline from peak | -0.82% | -0.04% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -5.54% | -0.08% | -5.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | — | — |
Volatility
HFSI vs. PRAB - Volatility Comparison
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Volatility by Period
| HFSI | PRAB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | — | — |
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 | 4.92% | 1.08% | +3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.92% | 1.08% | +3.84% |
HFSI vs. PRAB - Expense Ratio Comparison
HFSI has a 0.49% expense ratio, which is higher than PRAB's 0.39% expense ratio.
Dividends
HFSI vs. PRAB - Dividend Comparison
HFSI's dividend yield for the trailing twelve months is around 5.61%, more than PRAB's 1.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HFSI Hartford Strategic Income ETF | 5.61% | 5.67% | 6.51% | 5.77% | 4.87% | 0.71% |
PRAB State Street IG Public & Private ABS ETF | 1.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HFSI and PRAB have a correlation of 0.64, 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 0.49% for HFSI.
HFSI has the higher dividend yield at 5.61%, compared with 1.91% for PRAB.
They also come from different issuers: Hartford and State Street. Their fees differ too: 0.49% for HFSI and 0.39% for PRAB.
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