VGMS vs. PRAB
VGMS (Vanguard Multi-Sector Income Bond ETF) and PRAB (State Street IG Public & Private ABS ETF) are both Multisector Bonds funds. Both are actively managed. Their 0.63 correlation means they have sometimes moved together and sometimes differently. VGMS charges 0.30%/yr vs 0.39%/yr for PRAB.
Performance
VGMS vs. PRAB - Performance Comparison
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Returns By Period
VGMS
- 1D
- 0.01%
- 1M
- -0.55%
- 6M
- 0.55%
- YTD
- 1.17%
- 1Y
- 4.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.92%
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) |
|---|---|---|---|
| $4.91K | $7.76K | $91.52K | |
| $2.48M | $2.33M | $2.03M |
VGMS vs. PRAB - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
VGMS Vanguard Multi-Sector Income Bond ETF | 0.62% |
PRAB State Street IG Public & Private ABS ETF | 0.99% |
Correlation
The correlation between VGMS and PRAB is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 11, 2026 | 0.63 |
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Return for Risk
VGMS vs. PRAB — Risk / Return Rank
VGMS
PRAB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VGMS vs. PRAB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Multi-Sector Income Bond ETF (VGMS) 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.
| VGMS | PRAB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.30 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | — | — |
| Martin ratioReturn relative to average drawdown | 9.26 | — | — |
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Drawdowns
VGMS vs. PRAB - Drawdown Comparison
The maximum VGMS drawdown since its inception was -2.46%, which is greater than PRAB's maximum drawdown of -0.48%. Use the drawdown chart below to compare losses from any high point for VGMS and PRAB.
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Drawdown Indicators
| VGMS | PRAB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.46% | -0.48% | -1.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | — | — |
Current DrawdownCurrent decline from peak | -0.71% | -0.06% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -0.31% | -0.08% | -0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | — | — |
Volatility
VGMS vs. PRAB - Volatility Comparison
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Volatility by Period
| VGMS | PRAB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.24% | 1.08% | +2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.17% | 1.08% | +2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.17% | 1.08% | +2.09% |
VGMS vs. PRAB - Expense Ratio Comparison
VGMS has a 0.30% expense ratio, which is lower than PRAB's 0.39% expense ratio.
Dividends
VGMS vs. PRAB - Dividend Comparison
VGMS's dividend yield for the trailing twelve months is around 5.40%, more than PRAB's 1.48% yield.
| Position | TTM | 2025 |
|---|---|---|
PRAB State Street IG Public & Private ABS ETF | 1.48% | 0.00% |
VGMS Vanguard Multi-Sector Income Bond ETF | 4.96% | 2.94% |
Frequently Asked Questions
VGMS and PRAB have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGMS is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGMS is cheaper with a 0.30% expense ratio, compared with 0.39% for PRAB.
VGMS has the higher dividend yield at 4.96%, compared with 1.48% for PRAB.
They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.30% for VGMS and 0.39% for PRAB.
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