AAAvsMBBAETF Comparison
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AXS First Priority CLO Bond ETF (AAA) and iShares Mortgage-Backed Securities Active ETF (MBBA) have similar underlying exposures to countries and sectors. AAA's top 2 sector exposures are Industrials and Finance. In contrast, MBBA's top sector exposures are Industrials and Non-Corporate. AAA is less expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.26% for MBBA. Run a side-by-side ETF comparison of AAA and MBBA 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 MBBA 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 MBBA | +0.48%+0.41% | +1.13%-0.81% | +3.18%n/a | +4.82%n/a | +19.19%n/a | +26.20%n/a |
| Flows | AAA MBBA | +$20M+$5M | +$25M+$35M | +$22M- | +$22M- | +$58M- | +$55M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | AAA MBBA | +0.32%+4.76% | +0.46%n/a | +1.19%n/a | +1.42%n/a |
| Max drawdown | AAA MBBA | n/a-2.02% | -0.11%n/a | -0.86%n/a | -2.37%n/a |
| Max drawdown duration | AAA MBBA | n/a63d | 4dn/a | 26dn/a | 375dn/a |
Trading data
AAA | MBBA | |
Last sale 9/1/2026 at 1:30 PM | $24.90 | $48.49 |
| Previous close 08/31/2026 | $24.90 | $48.76 |
| 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 | MBBA | |
|---|---|---|
| Last price | $24.90 | $48.49 |
| 1D performance | -0.02% | -0.56% |
| AuM | $64.92 M | $157.24 M |
| E/R | 0.25% | 0.26% |
Characteristics
AAA | MBBA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | AXS Investments | iShares |
| Benchmark | - | - |
| N° of holdings | 6 | 25 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 9, 2020 | January 23, 2026 |
| ESG | No | No |
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Exposure
Countries
AAA
USA
17.37%
Other
82.63%
MBBA
Data will be available soon
Sectors
AAA
Industrials
12.9%
Other
87.1%
MBBA
Data will be available soon
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Diversification
AAA
Total weight of top 15 holdings out of 15
59.48%
MBBA
Data will be available soon
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%
MBBA
Data will be available soon
Frequently asked questions about AAA and MBBA
Which ETF is bigger: AAA or MBBA?
As of August 31, 2026, AAA holds $64.92 M in assets under management (AUM), while MBBA manages $157.24 M.
What sectors do the AAA and MBBA ETFs invest in?
AAA leans toward sectors like Industrials. Meanwhile, MBBA focuses on Industrials and Non-Corporate.
What are the top holdings of the AAA ETF and MBBA 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). MBBA holds in its top three: US01F0526800, US01F0206874 and BlackRock Liquidity T-Fund.
Which ETF is more diversified: AAA or MBBA?
AAA holds 30 securities with 59.48% of its assets in the top 15. MBBA has 491 securities and a top 15 weight of 89.36%.
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Latest news about AAA & MBBA
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