FAAAvsPRABETF Comparison
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Fidelity AAA CLO ETF (FAAA) and State Street IG Public & Private ABS ETF (PRAB) have similar underlying exposures to countries and sectors. FAAA's top 2 sector exposures are Industrials and Non-Corporate. In contrast, PRAB's top sector exposures are Industrials. FAAA is less expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.39% for PRAB. Run a side-by-side ETF comparison of FAAA and PRAB 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 PRAB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FAAA PRAB | +0.47%+0.28% | +1.28%+0.68% | n/an/a | n/an/a | n/an/a | n/an/a |
| Flows | FAAA PRAB | +$23M- | +$55M- | -- | -- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FAAA PRAB | +0.20%+1.04% | n/an/a | n/an/a | n/an/a |
| Max drawdown | FAAA PRAB | n/a-0.16% | n/an/a | n/an/a | n/an/a |
| Max drawdown duration | FAAA PRAB | n/a15d | n/an/a | n/an/a | n/an/a |
Trading data
FAAA | PRAB | |
Last sale 9/1/2026 at 1:30 PM | $50.25 | |
| Previous close 08/31/2026 | $50.24 | |
| 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
FAAA | PRAB | |
|---|---|---|
| Last price | $50.25 | – |
| 1D performance | +0.01% | – |
| AuM | $100.30 M | $24.84 M |
| E/R | 0.2% | 0.39% |
Characteristics
FAAA | PRAB | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Fidelity | State Street Investment Management |
| Benchmark | - | - |
| N° of holdings | 30 | 13 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 11, 2026 | March 11, 2026 |
| ESG | No | No |
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Exposure
Countries
FAAA
USA
19.24%
Other
80.76%
PRAB
USA
17.91%
Other
82.09%
Sectors
FAAA
Industrials
15.86%
Other
84.14%
PRAB
Industrials
17.91%
Other
82.09%
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Diversification
FAAA
Total weight of top 15 holdings out of 15
20.73%
PRAB
Total weight of top 15 holdings out of 15
36.44%
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%
US26254KAS24
1.35%
US55952EAL56
1.35%
US00176HAA86
1.35%
US92919DAL29
1.35%
US55823TAA34
1.35%
Ares Loan Funding 2024-ALF8, FRN 25jan2038, USD (ABS, A1)
1.35%
US55955LAS16
1.28%
US12575MAA99
1.15%
US13877EAL65
1.08%
US29002UAS96
1.08%
US55954NAS80
1.08%
US12567MAN11
1.08%
US83011LAJ52
1.08%
PRAB
US02582JKD18
4.10%
US92540FAD24
3.10%
US72585CAD74
2.87%
Navient Student Loan Trust 2021-EA, 0.97% 16dec2069, USD (ABS, A)
2.73%
US8574924663
2.72%
US36268GAE52
2.46%
US038410AD82
2.08%
US344928AF38
2.05%
RCKT Mortgage Trust 2025-CES7, 6.174% 26jul2055, USD (ABS, M1)
2.05%
US69382JAA97
2.05%
US00039RAH84
2.05%
US69490AAD19
2.05%
MF1 2025-FL19, FRN 18may2042, USD (ABS, A)
2.05%
US00501DAD75
2.04%
RCKT Mortgage Trust 2025-CES8, 5.64945% 25aug2055, USD (ABS, A3)
2.04%
Frequently asked questions about FAAA and PRAB
Which ETF is bigger: FAAA or PRAB?
As of August 31, 2026, FAAA holds $100.30 M in assets under management (AUM), while PRAB manages $24.84 M.
What sectors do the FAAA and PRAB ETFs invest in?
FAAA leans toward sectors like Industrials. Meanwhile, PRAB focuses on Industrials.
What are the top holdings of the FAAA ETF and PRAB ETF?
FAAA top holdings include Fidelity Cash Central Fund, AGL CLO 2022-17A, FRN 22jan2035, USD (ABS, AR) and US26254KAS24. PRAB holds in its top three: US02582JKD18, US92540FAD24 and US72585CAD74.
Which ETF is more diversified: FAAA or PRAB?
FAAA holds 178 securities with 20.73% of its assets in the top 15. PRAB has 65 securities and a top 15 weight of 36.44%.
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