MULT vs. PRAB

Last updated Jul 12, 2026

MULT (Franklin Multisector Income ETF) and PRAB (State Street IG Public & Private ABS ETF) are both Multisector Bonds funds. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 0.39% expense ratio.

Performance

MULT vs. PRAB - Performance Comparison

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

Returns By Period

MULT

• 1D: -0.04%
• 1M: 0.15%
• 6M: 0.87%
• YTD: 1.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PRAB

• 1D: 0.00%
• 1M: 0.30%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MULT vs. PRAB - Yearly Performance Comparison

	2026 (YTD)
MULT Franklin Multisector Income ETF	0.51%
PRAB State Street IG Public & Private ABS ETF	0.88%

Correlation

The correlation between MULT and PRAB is 0.59, 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	0.59

Return for Risk

MULT vs. PRAB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Multisector Income ETF (MULT) 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

MULT vs. PRAB - Drawdown Comparison

The maximum MULT drawdown since its inception was -1.70%, which is greater than PRAB's maximum drawdown of -0.48%. Use the drawdown chart below to compare losses from any high point for MULT and PRAB.

Drawdown Indicators

	MULT	PRAB	Difference
Max Drawdown Largest peak-to-trough decline	-1.70%	-0.48%	-1.22%
Current Drawdown Current decline from peak	-0.25%	-0.06%	-0.19%
Average Drawdown Average peak-to-trough decline	-0.31%	-0.08%	-0.23%

Volatility

Volatility by Period

	MULT	PRAB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.92%	1.12%	+1.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.92%	1.12%	+1.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.92%	1.12%	+1.80%

MULT vs. PRAB - Expense Ratio Comparison

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

Dividends

MULT vs. PRAB - Dividend Comparison

MULT's dividend yield for the trailing twelve months is around 3.80%, more than PRAB's 1.49% yield.

Position	TTM	2025
MULT Franklin Multisector Income ETF	3.80%	1.56%
PRAB State Street IG Public & Private ABS ETF	1.49%	0.00%

Frequently Asked Questions

Can I hold both MULT and PRAB in my portfolio?

MULT and PRAB have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MULT 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, MULT or PRAB?

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

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

MULT has the higher dividend yield at 3.80%, compared with 1.49% for PRAB.

What is the main difference between MULT and PRAB?

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