PAAAvsEVMOETF Comparison
VS
PGIM AAA CLO ETF (PAAA) and Eaton Vance Mortgage Opportunities ETF (EVMO) have similar underlying exposures to countries and sectors. PAAA's top 2 sector exposures are Industrials and Non-Corporate. In contrast, EVMO's top sector exposures are Industrials, Finance and Non-Corporate. PAAA is less expensive with a Total Expense Ratio (TER) of 0.19%, versus 0.45% for EVMO. PAAA is up 3.4% year-to-date (YTD) with +$6.58B in YTD flows. EVMO performs worse with -0.03% YTD performance, and +$101M in YTD flows. Run a side-by-side ETF comparison of PAAA and EVMO below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
PAAA vs EVMO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PAAA EVMO | +0.50%-1.49% | +1.29%-1.36% | +3.40%-0.03% | +4.94%+1.46% | +20.37%n/a | n/an/a |
| Flows | PAAA EVMO | +$1.30B+$15M | +$2.36B-$6M | +$6.58B+$101M | +$8.35B+$232M | +$12.65B- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PAAA EVMO | +0.29%+3.27% | +0.42%+2.82% | +0.63%n/a | n/an/a |
| Max drawdown | PAAA EVMO | n/a-1.75% | -0.12%-1.94% | -0.88%n/a | n/an/a |
| Max drawdown duration | PAAA EVMO | n/a77d | 10d197d | 22dn/a | n/an/a |
Trading data
PAAA | EVMO | |
Last sale 9/15/2026 at 1:30 PM | $51.44 | $48.85 |
| Previous close 09/14/2026 | $51.44 | $48.79 |
| Consolidated volume 09/14/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Advertisement
Main metrics
Last update 9/15/2026 at 1:30 PM
Live
Closed
PAAA | EVMO | |
|---|---|---|
| Last price | $51.44 | $48.85 |
| 1D performance | +0.00% | +0.12% |
| AuM | $12.80 B | $862.81 M |
| E/R | 0.19% | 0.45% |
Characteristics
PAAA | EVMO | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | PGIM | Eaton Vance |
| Benchmark | - | - |
| N° of holdings | 35 | 53 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 19, 2023 | August 5, 2025 |
| ESG | No | No |
Advertisement
Exposure
Countries
PAAA
USA
16.12%
Other
83.88%
EVMO
USA
12.85%
Other
87.15%
Sectors
PAAA
Industrials
10.64%
Other
89.36%
EVMO
Industrials
7.54%
Other
92.46%
Advertisement
Diversification
PAAA
Total weight of top 15 holdings out of 15
20.68%
EVMO
Total weight of top 15 holdings out of 15
22.99%
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%
EVMO
Morgan Stanley Instl. Liquidity Funds - Government Portfolio
4.09%
US01F0526800
3.47%
US01F0506844
1.69%
US01F0406854
1.60%
FR SD8493, 5.5% 1dec2054, USD (ABS)
1.35%
FN MA5531, 5.5% 1nov2054, USD (ABS)
1.33%
FR RQ0027, 5.5% 1jul2055, USD (ABS)
1.27%
US76112BXV79
1.18%
US01F0426993
1.10%
US76112BJV36
1.00%
US01F0306864
1.00%
US22536XGM02
0.99%
US30344AAA79
0.99%
US31426Q6Z18
0.99%
US31418FMJ39
0.96%
Frequently asked questions about PAAA and EVMO
How have the PAAA and EVMO ETFs performed in 2026?
As of September 11, 2026, PAAA is up 3.4% year-to-date (YTD), while EVMO has lost -0.03%. That puts PAAA better performer ahead so far this year.
Which ETF is attracting more investor money: PAAA or EVMO?
Year-to-date, the PAAA ETF saw +$6.58B in flows, compared to +$101M for EVMO.
Which ETF is more volatile: PAAA or EVMO?
Over the past year, PAAA had a volatility of 0.42%, while EVMO experienced 2.82%.
Which ETF is bigger: PAAA or EVMO?
As of September 11, 2026, PAAA holds $12.80 B in assets under management (AUM), while EVMO manages $862.81 M.
What sectors do the PAAA and EVMO ETFs invest in?
PAAA leans toward sectors like Industrials. Meanwhile, EVMO focuses on Industrials.
What are the top holdings of the PAAA ETF and EVMO ETF?
PAAA top holdings include PGIM Core Government Money Market Fund, US149931AC13 and US758970AL12. EVMO holds in its top three: Morgan Stanley Instl. Liquidity Funds - Government Portfolio, US01F0526800 and US01F0506844.
Which ETF is more diversified: PAAA or EVMO?
PAAA holds 309 securities with 20.68% of its assets in the top 15. EVMO has 690 securities and a top 15 weight of 22.99%.
Advertisement
Latest news about PAAA & EVMO
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
Advertisement
Advertisement
