IBDRvsPAAAETF Comparison
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iShares iBonds Dec 2026 Term Corporate ETF (IBDR) and PGIM AAA CLO ETF (PAAA) belong to the same industry segment: US Corporate IG Bonds. IBDR's top 3 sector exposures are Non-Corporate, Finance and Technology. In contrast, PAAA's top sector exposures are Industrials and Non-Corporate. IBDR is less expensive with a Total Expense Ratio (TER) of 0.1%, versus 0.19% for PAAA. IBDR is up 3.17% year-to-date (YTD) with -$895M in YTD flows. PAAA performs better with 3.8% YTD performance, and +$8.80B in YTD flows. Run a side-by-side ETF comparison of IBDR and PAAA 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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IBDR vs PAAA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IBDR PAAA | +0.34%+0.27% | +1.02%+1.18% | +3.17%+3.80% | +3.98%+4.89% | +17.87%+19.86% | +10.22%n/a |
| Flows | IBDR PAAA | -$345M+$1.71B | -$603M+$4.24B | -$895M+$8.80B | -$590M+$10.19B | +$989M+$14.83B | +$2.02B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IBDR PAAA | +0.12%+0.31% | +0.17%+0.41% | +1.27%+0.63% | +2.91%n/a |
| Max drawdown | IBDR PAAA | n/an/a | -0.05%n/a | -0.67%-0.88% | -12.06%n/a |
| Max drawdown duration | IBDR PAAA | n/an/a | 6dn/a | 35d22d | 1027dn/a |
Trading data
IBDR | PAAA | |
Last sale 10/26/2026 at 1:30 PM | $24.22 | $51.46 |
| Previous close 10/23/2026 | $24.22 | $51.46 |
| Consolidated volume 10/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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PAAA
is actively managed and doesn’t replicate an indexIBDR | PAAA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/26/2026 at 1:30 PM
Live
Closed
IBDR | PAAA | |
|---|---|---|
| Last price | $24.22 | $51.46 |
| 1D performance | +0.00% | +0.00% |
| AuM | $2.85 B | $15.02 B |
| E/R | 0.1% | 0.19% |
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Exposure
Countries
IBDR
USA
86.85%
Other
13.15%
PAAA
USA
15.47%
Other
84.53%
Sectors
IBDR
Non-Corporate
34.52%
Finance
31.92%
Other
33.56%
PAAA
Industrials
9.64%
Other
90.36%
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Diversification
IBDR
Total weight of top 15 holdings out of 15
49.07%
PAAA
Total weight of top 15 holdings out of 15
21.51%
Top 15 holdings
Data as of August 31, 2026
IBDR
BlackRock Cash Funds - Treasury
34.52%
AbbVie, 2.95% 21nov2026, USD
1.62%
Aercap Holdings, 2.45% 29oct2026, USD
1.60%
Wells Fargo, 3% 23oct2026, USD
1.22%
Citigroup, 3.2% 21oct2026, USD
1.21%
JP Morgan, 2.95% 1oct2026, USD
1.11%
Goldman Sachs, 3.5% 16nov2026, USD
1.09%
JPMorgan Chase Bank, 5.11% 8dec2026, USD (25)
1.01%
Morgan Stanley, 4.35% 8sep2026, USD (F)
0.89%
Bank of America Corporation, 4.25% 22oct2026, USD (L)
0.84%
Apple, 2.05% 11sep2026, USD
0.84%
Citibank N.A., 5.488% 4dec2026, USD
0.83%
Wells Fargo Bank, N.A., 5.254% 11dec2026, USD
0.79%
Sumitomo Mitsui FG, 1.402% 17sep2026, USD
0.78%
Dell International LLC, 4.9% 1oct2026, USD
0.74%
PAAA
PGIM Core Government Money Market Fund
5.83%
US149931AC13
1.58%
US758970AL12
1.29%
US081917AL07
1.21%
US38140MAC64
1.21%
US55955RAQ20
1.13%
US67118YBA01
1.12%
US07135JAU51
1.09%
US001200AQ71
1.06%
US75900QAN51
1.01%
US05766NAS18
1.01%
US07090BAA98
1.01%
US04020WAL19
1.00%
US081928AL79
0.99%
US67578VAL62
0.97%
Frequently asked questions about IBDR and PAAA
How have the IBDR and PAAA ETFs performed in 2026?
As of October 23, 2026, IBDR is up 3.17% year-to-date (YTD), while PAAA has returned 3.8%. That puts PAAA better performer ahead so far this year.
Which ETF is attracting more investor money: IBDR or PAAA?
Year-to-date, the IBDR ETF saw -$895M in flows, compared to +$8.80B for PAAA.
Which ETF is more volatile: IBDR or PAAA?
Over the past year, IBDR had a volatility of 0.17%, while PAAA experienced 0.41%.
Which ETF is bigger: IBDR or PAAA?
As of October 23, 2026, IBDR holds $2.85 B in assets under management (AUM), while PAAA manages $15.02 B.
What sectors do the IBDR and PAAA ETFs invest in?
IBDR leans toward sectors like Non-Corporate and Finance. Meanwhile, PAAA focuses on Industrials.
What are the top holdings of the IBDR ETF and PAAA ETF?
IBDR top holdings include BlackRock Cash Funds - Treasury, AbbVie, 2.95% 21nov2026, USD and Aercap Holdings, 2.45% 29oct2026, USD. PAAA holds in its top three: PGIM Core Government Money Market Fund, US149931AC13 and US758970AL12.
Which ETF is more diversified: IBDR or PAAA?
IBDR holds 187 securities with 49.07% of its assets in the top 15. PAAA has 312 securities and a top 15 weight of 21.51%.
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Latest news about IBDR & PAAA
PGIM Launches AAAD, a AAA CLO with Core-Like Duration Exposure
June 16, 2026
PAAA
The ETF Show - Strategies in a High-Rate Environment
March 6, 2025
PAAA
Tony's ETF Buyers Guide: Collateralized Loan Obligation (CLO) ETFs
June 27, 2024
PAAA
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