PRAB vs. MANI

Last updated Jul 4, 2026

PRAB (State Street IG Public & Private ABS ETF) and MANI (Man Active Income ETF) are both Multisector Bonds funds. Both are actively managed. At a 0.30 correlation, their price movements are largely independent. PRAB charges 0.39%/yr vs 0.85%/yr for MANI.

Performance

PRAB vs. MANI - Performance Comparison

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

Returns By Period

PRAB

• 1D: 0.08%
• 1M: 0.38%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MANI

• 1D: -0.00%
• 1M: 0.69%
• 6M: 4.26%
• YTD: 4.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PRAB vs. MANI - Yearly Performance Comparison

	2026 (YTD)
PRAB State Street IG Public & Private ABS ETF	0.90%
MANI Man Active Income ETF	2.90%

Correlation

The correlation between PRAB and MANI 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

Return for Risk

PRAB vs. MANI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street IG Public & Private ABS ETF (PRAB) and Man Active Income ETF (MANI). 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. MANI - Drawdown Comparison

The maximum PRAB drawdown since its inception was -0.48%, smaller than the maximum MANI drawdown of -0.74%. Use the drawdown chart below to compare losses from any high point for PRAB and MANI.

Drawdown Indicators

	PRAB	MANI	Difference
Max Drawdown Largest peak-to-trough decline	-0.48%	-0.74%	+0.26%
Current Drawdown Current decline from peak	-0.02%	-0.00%	-0.02%
Average Drawdown Average peak-to-trough decline	-0.08%	-0.10%	+0.02%

Volatility

Volatility by Period

	PRAB	MANI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	1.14%	2.01%	-0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.14%	2.01%	-0.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.14%	2.01%	-0.87%

PRAB vs. MANI - Expense Ratio Comparison

PRAB has a 0.39% expense ratio, which is lower than MANI's 0.85% expense ratio.

Dividends

PRAB vs. MANI - Dividend Comparison

PRAB's dividend yield for the trailing twelve months is around 1.49%, less than MANI's 4.67% yield.

Position	TTM	2025
MANI Man Active Income ETF	4.67%	3.00%
PRAB State Street IG Public & Private ABS ETF	1.49%	0.00%

Frequently Asked Questions

Can I hold both PRAB and MANI in my portfolio?

PRAB and MANI 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.

Which ETF is better, PRAB or MANI?

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.

Which ETF is cheaper, PRAB or MANI?

PRAB is cheaper with a 0.39% expense ratio, compared with 0.85% for MANI.

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

MANI has the higher dividend yield at 4.67%, compared with 1.49% for PRAB.

What is the main difference between PRAB and MANI?

They also come from different issuers: State Street and Man Group. Their fees differ too: 0.39% for PRAB and 0.85% for MANI.