FAAAvsAAAETF Comparison
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Fidelity AAA CLO ETF (FAAA) and AXS First Priority CLO Bond ETF (AAA) have similar underlying exposures to countries and sectors. They also belong to the same industry segment: US Corporate IG Bonds. FAAA's top 2 sector exposures are Industrials and Non-Corporate. In contrast, AAA's top sector exposures are Industrials and Finance. FAAA is less expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.25% for AAA. Run a side-by-side ETF comparison of FAAA and AAA 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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FAAA vs AAA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FAAA AAA | +0.44%+0.48% | +1.29%+1.13% | n/a+3.18% | n/a+4.82% | n/a+19.19% | n/a+26.20% |
| Flows | FAAA AAA | +$21M+$20M | +$55M+$25M | -+$22M | -+$22M | -+$58M | -+$55M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FAAA AAA | +0.20%+0.32% | n/a+0.46% | n/a+1.19% | n/a+1.42% |
| Max drawdown | FAAA AAA | n/an/a | n/a-0.11% | n/a-0.86% | n/a-2.37% |
| Max drawdown duration | FAAA AAA | n/an/a | n/a4d | n/a26d | n/a375d |
Trading data
FAAA | AAA | |
Last sale 9/2/2026 at 4:04 PM | $50.26 | $25.00 |
| Previous close 09/01/2026 | $50.25 | $24.90 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/2/2026 at 4:04 PM
Live
Closed
FAAA | AAA | |
|---|---|---|
| Last price | $50.26 | $25.00 |
| 1D performance | +0.03% | +0.42% |
| AuM | $100.31 M | $64.92 M |
| E/R | 0.2% | 0.25% |
Characteristics
FAAA | AAA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Fidelity | AXS Investments |
| Benchmark | - | - |
| N° of holdings | 30 | 6 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 11, 2026 | September 9, 2020 |
| ESG | No | No |
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Exposure
Countries
FAAA
USA
19.24%
Other
80.76%
AAA
USA
17.37%
Other
82.63%
Sectors
FAAA
Industrials
15.86%
Other
84.14%
AAA
Industrials
12.9%
Other
87.1%
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Diversification
FAAA
Total weight of top 15 holdings out of 15
20.73%
AAA
Total weight of top 15 holdings out of 15
59.48%
Top 15 holdings
Data as of July 31, 2026
FAAA
Fidelity Cash Central Fund
3.38%
AGL CLO 2022-17A, FRN 22jan2035, USD (ABS, AR)
1.42%
US92919DAL29
1.35%
US55823TAA34
1.35%
Ares Loan Funding 2024-ALF8, FRN 25jan2038, USD (ABS, A1)
1.35%
US00176HAA86
1.35%
US26254KAS24
1.35%
US55952EAL56
1.35%
US55955LAS16
1.28%
US12575MAA99
1.15%
US83011LAJ52
1.08%
US13877EAL65
1.08%
US55954NAS80
1.08%
US29002UAS96
1.08%
US12567MAN11
1.08%
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%
Frequently asked questions about FAAA and AAA
Which ETF is bigger: FAAA or AAA?
As of September 1, 2026, FAAA holds $100.31 M in assets under management (AUM), while AAA manages $64.92 M.
What sectors do the FAAA and AAA ETFs invest in?
FAAA leans toward sectors like Industrials. Meanwhile, AAA focuses on Industrials.
What are the top holdings of the FAAA ETF and AAA ETF?
FAAA top holdings include Fidelity Cash Central Fund, AGL CLO 2022-17A, FRN 22jan2035, USD (ABS, AR) and US92919DAL29. AAA holds in its top three: US03166GAA67, Fortress Credit BSL 2025-2A, FRN 15oct2038, USD (ABS, A) and Fortress Credit BSL 2024-4A, FRN 15jan2038, USD (ABS, A).
Which ETF is more diversified: FAAA or AAA?
FAAA holds 178 securities with 20.73% of its assets in the top 15. AAA has 30 securities and a top 15 weight of 59.48%.
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Latest news about FAAA & AAA
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