PRAB vs. FLXI

Last updated Jul 30, 2026

PRAB (State Street IG Public & Private ABS ETF) and FLXI (Invesco Flexible Income ETF) are both Multisector Bonds funds. Both are actively managed. Their 0.49 correlation means their historical movements had little consistent relationship. Both charge a 0.39% expense ratio.

Performance

PRAB vs. FLXI - Performance Comparison

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

Returns By Period

PRAB

• 1D: 0.00%
• 1M: 0.12%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FLXI

• 1D: 0.13%
• 1M: -0.85%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FLXI Invesco Flexible Income ETF	$4.31K	$2.69K	$2.55K
PRAB State Street IG Public & Private ABS ETF	$4.89K	$7.79K	$93.01K

PRAB vs. FLXI - Yearly Performance Comparison

	2026 (YTD)
PRAB State Street IG Public & Private ABS ETF	1.05%
FLXI Invesco Flexible Income ETF	-0.22%

Correlation

The correlation between PRAB and FLXI is 0.49, 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	0.49

Return for Risk

PRAB vs. FLXI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street IG Public & Private ABS ETF (PRAB) and Invesco Flexible Income ETF (FLXI). 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

PRAB vs. FLXI - Drawdown Comparison

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

Drawdown Indicators

	PRAB	FLXI	Difference
Max Drawdown Largest peak-to-trough decline	-0.48%	-3.52%	+3.04%
Current Drawdown Current decline from peak	0.00%	-1.54%	+1.54%
Average Drawdown Average peak-to-trough decline	-0.08%	-1.25%	+1.17%

Volatility

Volatility by Period

	PRAB	FLXI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	1.09%	12,681.75%	-12,680.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.09%	12,681.75%	-12,680.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.09%	12,681.75%	-12,680.66%

PRAB vs. FLXI - Expense Ratio Comparison

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

Dividends

PRAB vs. FLXI - Dividend Comparison

PRAB's dividend yield for the trailing twelve months is around 1.48%, less than FLXI's 2.16% yield.

Position	TTM
FLXI Invesco Flexible Income ETF	2.16%
PRAB State Street IG Public & Private ABS ETF	1.48%

Frequently Asked Questions

Can I hold both PRAB and FLXI in my portfolio?

PRAB and FLXI 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, PRAB or FLXI?

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, PRAB or FLXI?

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

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

FLXI has the higher dividend yield at 2.16%, compared with 1.48% for PRAB.

What is the main difference between PRAB and FLXI?

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