OGSP vs. PRAB
OGSP (Obra High Grade Structured Products ETF) and PRAB (State Street IG Public & Private ABS ETF) are both Multisector Bonds funds. Both are actively managed. At a 0.30 correlation, their price movements are largely independent. OGSP charges 0.90%/yr vs 0.39%/yr for PRAB.
Performance
OGSP vs. PRAB - Performance Comparison
Loading charts...
Returns By Period
OGSP
- 1D
- -0.05%
- 1M
- 0.38%
- 6M
- 2.23%
- YTD
- 2.23%
- 1Y
- 5.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PRAB
- 1D
- -0.06%
- 1M
- 0.10%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OGSP vs. PRAB - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
OGSP Obra High Grade Structured Products ETF | 1.62% |
PRAB State Street IG Public & Private ABS ETF | 0.82% |
Correlation
The correlation between OGSP and PRAB is 0.30, 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 | 0.30 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
OGSP vs. PRAB — Risk / Return Rank
OGSP
PRAB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
OGSP vs. PRAB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Obra High Grade Structured Products ETF (OGSP) 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.
| OGSP | PRAB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 2.13 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 11.07 | — | — |
| Martin ratioReturn relative to average drawdown | 34.42 | — | — |
Loading charts...
Drawdowns
OGSP vs. PRAB - Drawdown Comparison
The maximum OGSP drawdown since its inception was -0.82%, which is greater than PRAB's maximum drawdown of -0.48%. Use the drawdown chart below to compare losses from any high point for OGSP and PRAB.
Loading charts...
Drawdown Indicators
| OGSP | PRAB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.82% | -0.48% | -0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -0.50% | — | — |
Current DrawdownCurrent decline from peak | -0.05% | -0.12% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -0.08% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.16% | — | — |
Volatility
OGSP vs. PRAB - Volatility Comparison
Loading charts...
Volatility by Period
| OGSP | PRAB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.26% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.73% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.67% | 1.12% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.90% | 1.12% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.90% | 1.12% | +0.78% |
OGSP vs. PRAB - Expense Ratio Comparison
OGSP has a 0.90% expense ratio, which is higher than PRAB's 0.39% expense ratio.
Dividends
OGSP vs. PRAB - Dividend Comparison
OGSP's dividend yield for the trailing twelve months is around 5.85%, more than PRAB's 1.49% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
OGSP Obra High Grade Structured Products ETF | 5.85% | 5.88% | 4.55% |
PRAB State Street IG Public & Private ABS ETF | 1.49% | 0.00% | 0.00% |
Frequently Asked Questions
OGSP and PRAB have a correlation of 0.30, 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 0.90% for OGSP.
OGSP has the higher dividend yield at 5.85%, compared with 1.49% for PRAB.
They also come from different issuers: Obra and State Street. Their fees differ too: 0.90% for OGSP and 0.39% for PRAB.
Find the right allocation for OGSP and PRAB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer