XAGG vs. PRAB

Last updated Jul 11, 2026

XAGG (Eaton Vance Income Opportunities ETF) and PRAB (State Street IG Public & Private ABS ETF) are both Multisector Bonds funds. Both are actively managed. At a 0.46 correlation, their price movements are largely independent. XAGG charges 0.50%/yr vs 0.39%/yr for PRAB.

Performance

XAGG vs. PRAB - Performance Comparison

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

Returns By Period

XAGG

• 1D: 0.05%
• 1M: 0.45%
• 6M: 1.69%
• YTD: 2.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PRAB

• 1D: 0.00%
• 1M: 0.16%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XAGG vs. PRAB - Yearly Performance Comparison

	2026 (YTD)
XAGG Eaton Vance Income Opportunities ETF	1.38%
PRAB State Street IG Public & Private ABS ETF	0.88%

Correlation

The correlation between XAGG and PRAB is 0.46, 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	0.46

Return for Risk

XAGG vs. PRAB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Income Opportunities ETF (XAGG) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

XAGG vs. PRAB - Drawdown Comparison

The maximum XAGG drawdown since its inception was -2.88%, which is greater than PRAB's maximum drawdown of -0.48%. Use the drawdown chart below to compare losses from any high point for XAGG and PRAB.

Drawdown Indicators

	XAGG	PRAB	Difference
Max Drawdown Largest peak-to-trough decline	-2.88%	-0.48%	-2.40%
Current Drawdown Current decline from peak	-0.15%	-0.06%	-0.09%
Average Drawdown Average peak-to-trough decline	-0.53%	-0.08%	-0.45%

Volatility

Volatility by Period

	XAGG	PRAB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.45%	1.12%	+2.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.45%	1.12%	+2.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.45%	1.12%	+2.33%

XAGG vs. PRAB - Expense Ratio Comparison

XAGG has a 0.50% expense ratio, which is higher than PRAB's 0.39% expense ratio.

Dividends

XAGG vs. PRAB - Dividend Comparison

XAGG's dividend yield for the trailing twelve months is around 4.45%, more than PRAB's 1.49% yield.

Position	TTM	2025
PRAB State Street IG Public & Private ABS ETF	1.49%	0.00%
XAGG Eaton Vance Income Opportunities ETF	4.45%	1.02%

Frequently Asked Questions

Can I hold both XAGG and PRAB in my portfolio?

XAGG and PRAB have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XAGG or PRAB?

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, XAGG or PRAB?

PRAB is cheaper with a 0.39% expense ratio, compared with 0.50% for XAGG.

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

XAGG has the higher dividend yield at 4.45%, compared with 1.49% for PRAB.

What is the main difference between XAGG and PRAB?

They also come from different issuers: Eaton Vance and State Street. Their fees differ too: 0.50% for XAGG and 0.39% for PRAB.