NFLT vs. PRAB
NFLT (Virtus Newfleet Multi-Sector Bond ETF) and PRAB (State Street IG Public & Private ABS ETF) are both Multisector Bonds funds. Both are actively managed. Their 0.46 correlation means their historical movements had little consistent relationship. NFLT charges 0.50%/yr vs 0.39%/yr for PRAB.
Performance
NFLT vs. PRAB - Performance Comparison
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Returns By Period
NFLT
- 1D
- 0.00%
- 1M
- -0.58%
- 6M
- 0.73%
- YTD
- 1.48%
- 1Y
- 4.92%
- 3Y*
- 6.96%
- 5Y*
- 2.99%
- 10Y*
- 3.83%
- ALL TIME*
- 4.02%
PRAB
- 1D
- -0.02%
- 1M
- 0.08%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.33M | $1.94M | $2.09M | |
| $4.91K | $7.76K | $91.52K |
NFLT vs. PRAB - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
NFLT Virtus Newfleet Multi-Sector Bond ETF | 0.64% |
PRAB State Street IG Public & Private ABS ETF | 0.99% |
Correlation
The correlation between NFLT and PRAB is 0.46, 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 | 0.46 |
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Return for Risk
NFLT vs. PRAB — Risk / Return Rank
NFLT
PRAB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NFLT vs. PRAB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Multi-Sector Bond ETF (NFLT) 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.
| NFLT | PRAB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.24 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | — | — |
| Martin ratioReturn relative to average drawdown | 9.06 | — | — |
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Drawdowns
NFLT vs. PRAB - Drawdown Comparison
The maximum NFLT drawdown since its inception was -15.17%, which is greater than PRAB's maximum drawdown of -0.48%. Use the drawdown chart below to compare losses from any high point for NFLT and PRAB.
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Drawdown Indicators
| NFLT | PRAB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.17% | -0.48% | -14.69% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.15% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -15.17% | — | — |
Current DrawdownCurrent decline from peak | -0.92% | -0.06% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -2.08% | -0.08% | -2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | — | — |
Volatility
NFLT vs. PRAB - Volatility Comparison
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Volatility by Period
| NFLT | PRAB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.19% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.06% | 1.08% | +2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.49% | 1.08% | +3.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.92% | 1.08% | +3.84% |
NFLT vs. PRAB - Expense Ratio Comparison
NFLT has a 0.50% expense ratio, which is higher than PRAB's 0.39% expense ratio.
Dividends
NFLT vs. PRAB - Dividend Comparison
NFLT's dividend yield for the trailing twelve months is around 5.48%, more than PRAB's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFLT Virtus Newfleet Multi-Sector Bond ETF | 5.48% | 5.74% | 5.76% | 6.02% | 4.16% | 3.41% | 3.63% | 4.33% | 4.81% | 6.23% | 5.30% | 0.67% |
PRAB State Street IG Public & Private ABS ETF | 1.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NFLT and PRAB have a correlation of 0.46, 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 0.50% for NFLT.
NFLT has the higher dividend yield at 5.48%, compared with 1.48% for PRAB.
They also come from different issuers: Virtus and State Street. Their fees differ too: 0.50% for NFLT and 0.39% for PRAB.
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