AAAvsCAGEETF Comparison
VS
AXS First Priority CLO Bond ETF (AAA) and Calamos Autocallable Growth ETF (CAGE) have similar underlying exposures to countries and sectors. AAA's top 2 sector exposures are Industrials and Finance. In contrast, CAGE's top sector exposures are Sovereign. AAA is less expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.82% for CAGE. Run a side-by-side ETF comparison of AAA and CAGE below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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AAA vs CAGE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | AAA CAGE | +0.48%+5.46% | +1.13%+1.45% | +3.18%n/a | +4.82%n/a | +19.19%n/a | +26.20%n/a |
| Flows | AAA CAGE | +$20M+$28M | +$25M+$93M | +$22M- | +$22M- | +$58M- | +$55M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | AAA CAGE | +0.32%+22.68% | +0.46%n/a | +1.19%n/a | +1.42%n/a |
| Max drawdown | AAA CAGE | n/a-6.69% | -0.11%n/a | -0.86%n/a | -2.37%n/a |
| Max drawdown duration | AAA CAGE | n/a62d | 4dn/a | 26dn/a | 375dn/a |
Trading data
AAA | CAGE | |
Last sale 9/1/2026 at 1:30 PM | $24.90 | $28.39 |
| Previous close 08/31/2026 | $24.90 | $28.76 |
| Consolidated volume 08/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/1/2026 at 1:30 PM
Live
Closed
AAA | CAGE | |
|---|---|---|
| Last price | $24.90 | $28.39 |
| 1D performance | -0.02% | -1.29% |
| AuM | $64.92 M | $138.77 M |
| E/R | 0.25% | 0.82% |
Characteristics
AAA | CAGE | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | AXS Investments | Calamos Investments |
| Benchmark | - | - |
| N° of holdings | 6 | 2 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 9, 2020 | April 16, 2026 |
| ESG | No | No |
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Exposure
Countries
AAA
USA
17.37%
Other
82.63%
CAGE
USA
17.36%
Other
82.64%
Sectors
AAA
Industrials
12.9%
Other
87.1%
CAGE
Sovereign
17.36%
Other
82.64%
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Diversification
AAA
Total weight of top 15 holdings out of 15
59.48%
CAGE
Total weight of top 2 holdings out of 2
98.34%
Top 15 holdings
Data as of July 31, 2026
AAA
US03166GAA67
4.47%
Fortress Credit BSL 2025-2A, FRN 15oct2038, USD (ABS, A)
4.46%
Fortress Credit BSL 2024-4A, FRN 15jan2038, USD (ABS, A)
4.46%
US03766HAQ39
4.46%
US149791BG90
4.46%
US15032EAY59
4.46%
US55952MAJ27
4.45%
US92919AAN46
4.45%
US55817DAA63
4.45%
US82808UAA34
3.35%
US50190KAN00
3.35%
Trinitas CLO 2024-30A, FRN 23oct2037, USD (ABS, A1)
3.35%
US05686CAA18
3.34%
US09627FBA75
3.12%
Magnetite CLO, 2026-55A, FRN 15apr2039, USD (ABS, A1)
2.86%
CAGE
US12811T5149
80.98%
USA, Bills 0% 7jan2027, USD (182D)
17.36%
Frequently asked questions about AAA and CAGE
Which ETF is bigger: AAA or CAGE?
As of August 31, 2026, AAA holds $64.92 M in assets under management (AUM), while CAGE manages $138.77 M.
What sectors do the AAA and CAGE ETFs invest in?
AAA leans toward sectors like Industrials. Meanwhile, CAGE focuses on Sovereign.
What are the top holdings of the AAA ETF and CAGE ETF?
AAA top holdings include US03166GAA67, Fortress Credit BSL 2025-2A, FRN 15oct2038, USD (ABS, A) and Fortress Credit BSL 2024-4A, FRN 15jan2038, USD (ABS, A). CAGE holds in its top three: US12811T5149 and USA, Bills 0% 7jan2027, USD (182D).
Which ETF is more diversified: AAA or CAGE?
AAA holds 30 securities with 59.48% of its assets in the top 15. CAGE has 2 securities.
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Latest news about AAA & CAGE
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