PRAB vs. MUSI
PRAB (State Street IG Public & Private ABS ETF) and MUSI (American Century Multisector Income ETF) are both Multisector Bonds funds. Both are actively managed. A 0.68 correlation means they provide meaningful diversification when combined. PRAB charges 0.39%/yr vs 0.36%/yr for MUSI.
Performance
PRAB vs. MUSI - Performance Comparison
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Returns By Period
PRAB
- 1D
- 0.02%
- 1M
- 0.22%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MUSI
- 1D
- -0.24%
- 1M
- -0.76%
- 6M
- -0.20%
- YTD
- 0.09%
- 1Y
- 3.73%
- 3Y*
- 6.06%
- 5Y*
- 1.98%
- 10Y*
- —
- ALL TIME*
- 2.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $842.39K | $820.87K | $838.45K | |
| $4.59K | $261.00K | $92.87K |
PRAB vs. MUSI - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PRAB State Street IG Public & Private ABS ETF | 0.92% |
MUSI American Century Multisector Income ETF | -0.66% |
Correlation
The correlation between PRAB and MUSI is 0.68, 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 | 0.68 |
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Return for Risk
PRAB vs. MUSI — Risk / Return Rank
PRAB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MUSI
PRAB vs. MUSI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street IG Public & Private ABS ETF (PRAB) and American Century Multisector Income ETF (MUSI). 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.
| PRAB | MUSI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.19 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.34 | — |
| Martin ratioReturn relative to average drawdown | — | 4.42 | — |
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Drawdowns
PRAB vs. MUSI - Drawdown Comparison
The maximum PRAB drawdown since its inception was -0.48%, smaller than the maximum MUSI drawdown of -13.91%. Use the drawdown chart below to compare losses from any high point for PRAB and MUSI.
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Drawdown Indicators
| PRAB | MUSI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.48% | -13.91% | +13.43% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.78% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.72% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.91% | — |
Current DrawdownCurrent decline from peak | -0.12% | -1.64% | +1.52% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -4.13% | +4.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.85% | — |
Volatility
PRAB vs. MUSI - Volatility Comparison
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Volatility by Period
| PRAB | MUSI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.96% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.79% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.11% | 3.41% | -2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.11% | 4.84% | -3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.11% | 4.82% | -3.71% |
PRAB vs. MUSI - Expense Ratio Comparison
PRAB has a 0.39% expense ratio, which is higher than MUSI's 0.36% expense ratio.
Dividends
PRAB vs. MUSI - Dividend Comparison
PRAB's dividend yield for the trailing twelve months is around 1.49%, less than MUSI's 5.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MUSI American Century Multisector Income ETF | 5.48% | 5.74% | 6.00% | 5.20% | 4.02% | 1.62% |
PRAB State Street IG Public & Private ABS ETF | 1.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PRAB and MUSI have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MUSI is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MUSI is cheaper with a 0.36% expense ratio, compared with 0.39% for PRAB.
MUSI has the higher dividend yield at 5.48%, compared with 1.49% for PRAB.
They also come from different issuers: State Street and American Century. Their fees differ too: 0.39% for PRAB and 0.36% for MUSI.
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