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PAAAvsCLOAETF Comparison

ETF 1

PAAA

PGIM AAA CLO ETF

This fund is part of

US Corporate IG Bonds

-0.04%

Full PAAA fund page

VS

ETF 2

CLOA

iShares AAA CLO Active ETF

This fund is part of

US Corporate IG Bonds

-0.04%

Full CLOA fund page

PGIM AAA CLO ETF (PAAA) and iShares AAA CLO Active ETF (CLOA) have similar underlying exposures to countries and sectors. They also belong to the same industry segment: US Corporate IG Bonds. Both ETFs have the same top 2 sector exposures: Industrials and Non-Corporate. PAAA is less expensive with a Total Expense Ratio (TER) of 0.19%, versus 0.2% for CLOA. PAAA is up 3.42% year-to-date (YTD) with +$6.61B in YTD flows. CLOA performs worse with 3.42% YTD performance, and +$902M in YTD flows. Run a side-by-side ETF comparison of PAAA and CLOA 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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PAAA vs CLOA performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/14/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PAAA CLOA	+0.44%+0.42%	+1.27%+1.24%	+3.42%+3.42%	+4.90%+4.97%	+20.32%+20.13%	n/an/a
Flows	PAAA CLOA	+$1.20B-$10M	+$2.35B+$99M	+$6.61B+$902M	+$8.35B+$1.10B	+$12.68B+$2.23B	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PAAA CLOA	+0.28%+0.21%	+0.42%+0.45%	+0.63%+0.59%	n/an/a
Max drawdown	PAAA CLOA	n/an/a	-0.12%-0.11%	-0.88%-0.75%	n/an/a
Max drawdown duration	PAAA CLOA	n/an/a	10d4d	22d21d	n/an/a

Trading data

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	PAAA	CLOA
Last sale 9/15/2026 at 1:30 PM	$51.44	$51.90
Previous close 09/15/2026	$51.44	$51.87
Consolidated volume 09/15/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 9/15/2026 at 1:30 PM

Live

Closed

	PAAA	CLOA
Last price	$51.44	$51.90
1D performance	+0.00%	+0.05%
AuM	$12.83 B	$2.28 B
E/R	0.19%	0.2%

Characteristics

	PAAA	CLOA
Management strategy	Active	Active
Provider	PGIM	iShares
Benchmark	-	-
N° of holdings	35	65
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	July 19, 2023	January 10, 2023
ESG	No	No

More PAAA data on Trackinsight

More CLOA data on Trackinsight

Exposure

Countries

PAAA

USA

16.12%

Other

83.88%

CLOA

USA

19.24%

Other

80.76%

Sectors

PAAA

Industrials

10.64%

Other

89.36%

CLOA

Industrials

17.39%

Other

82.61%

Diversification

PAAA

Total weight of top 15 holdings out of 15

20.68%

CLOA

Total weight of top 15 holdings out of 15

13.75%

Top 15 holdings

Data as of July 31, 2026

PAAA

PGIM Core Government Money Market Fund

5.48%

US149931AC13

1.74%

US758970AL12

1.43%

US001200AQ71

1.14%

US07090BAA98

1.11%

US75900QAN51

1.11%

US05766NAS18

1.11%

US67578VAL62

1.07%

US28623MBL28

1.02%

US67591EBW21

0.94%

US69703LAQ14

0.94%

US973142BC51

0.93%

US12517DAA00

0.89%

US29001BAL71

0.89%

US05875MBD39

0.88%

CLOA

BlackRock Cash Funds - Treasury

1.85%

US48257WAA62

0.91%

AB BSL CLO 2025-7A, FRN 17jan2039, USD (ABS, A1)

0.91%

US87268VAA35

0.91%

1988 CLO 2023-2A, FRN 15apr2038, USD (ABS, A1R)

0.91%

US04018XAN93

0.91%

US29003NAJ46

0.91%

Bain Capital Credit CLO 2024-1A, FRN 18apr2039, USD (ABS, A1R)

0.91%

US48255UAV61

0.89%

US64754YAA73

0.86%

US143111AY87

0.84%

US003943AA51

0.78%

US03330WAU80

0.73%

US29002AAW45

0.73%

US48254LAN55

0.69%

Frequently asked questions about PAAA and CLOA

How have the PAAA and CLOA ETFs performed in 2026?

As of September 14, 2026, PAAA is up 3.42% year-to-date (YTD), while CLOA has returned 3.42%. That puts PAAA better performer ahead so far this year.

Which ETF is attracting more investor money: PAAA or CLOA?

Year-to-date, the PAAA ETF saw +$6.61B in flows, compared to +$902M for CLOA.

Which ETF is more volatile: PAAA or CLOA?

Over the past year, PAAA had a volatility of 0.42%, while CLOA experienced 0.45%.

Which ETF is bigger: PAAA or CLOA?

As of September 14, 2026, PAAA holds $12.83 B in assets under management (AUM), while CLOA manages $2.28 B.

What sectors do the PAAA and CLOA ETFs invest in?

PAAA leans toward sectors like Industrials. Meanwhile, CLOA focuses on Industrials.

What are the top holdings of the PAAA ETF and CLOA ETF?

PAAA top holdings include PGIM Core Government Money Market Fund, US149931AC13 and US758970AL12. CLOA holds in its top three: BlackRock Cash Funds - Treasury, US48257WAA62 and AB BSL CLO 2025-7A, FRN 17jan2039, USD (ABS, A1).

Which ETF is more diversified: PAAA or CLOA?

PAAA holds 309 securities with 20.68% of its assets in the top 15. CLOA has 414 securities and a top 15 weight of 13.75%.

CLOA

PAAAvsCLOAETF Comparison

PGIM AAA CLO ETF

iShares AAA CLO Active ETF

PAAA vs CLOA performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the PAAA and CLOA ETFs performed in 2026?

As of September 14, 2026, PAAA is up 3.42% year-to-date (YTD), while CLOA has returned 3.42%. That puts PAAA better performer ahead so far this year.

Which ETF is attracting more investor money: PAAA or CLOA?

Year-to-date, the PAAA ETF saw +$6.61B in flows, compared to +$902M for CLOA.

Which ETF is more volatile: PAAA or CLOA?

Over the past year, PAAA had a volatility of 0.42%, while CLOA experienced 0.45%.

Which ETF is bigger: PAAA or CLOA?

As of September 14, 2026, PAAA holds $12.83 B in assets under management (AUM), while CLOA manages $2.28 B.

What sectors do the PAAA and CLOA ETFs invest in?

PAAA leans toward sectors like Industrials. Meanwhile, CLOA focuses on Industrials.

What are the top holdings of the PAAA ETF and CLOA ETF?

PAAA top holdings include PGIM Core Government Money Market Fund, US149931AC13 and US758970AL12. CLOA holds in its top three: BlackRock Cash Funds - Treasury, US48257WAA62 and AB BSL CLO 2025-7A, FRN 17jan2039, USD (ABS, A1).

Which ETF is more diversified: PAAA or CLOA?

PAAA holds 309 securities with 20.68% of its assets in the top 15. CLOA has 414 securities and a top 15 weight of 13.75%.

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