PAAAvsFAAAETF Comparison
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PGIM AAA CLO ETF (PAAA) and Fidelity AAA CLO ETF (FAAA) have similar underlying exposures to countries and sectors. They also belong to the same industry segment: US Corporate IG Bonds. PAAA's top 2 sector exposures are Industrials and Non-Corporate. In contrast, FAAA's top sector exposures are Industrials. PAAA is less expensive with a Total Expense Ratio (TER) of 0.19%, versus 0.2% for FAAA. Run a side-by-side ETF comparison of PAAA and FAAA 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 FAAA 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 FAAA | +0.50%+0.44% | +1.29%+1.30% | +3.40%n/a | +4.94%n/a | +20.37%n/a | n/an/a |
| Flows | PAAA FAAA | +$1.30B+$25M | +$2.36B+$60M | +$6.58B- | +$8.35B- | +$12.65B- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PAAA FAAA | +0.29%+0.20% | +0.42%n/a | +0.63%n/a | n/an/a |
| Max drawdown | PAAA FAAA | n/an/a | -0.12%n/a | -0.88%n/a | n/an/a |
| Max drawdown duration | PAAA FAAA | n/an/a | 10dn/a | 22dn/a | n/an/a |
Trading data
PAAA | FAAA | |
Last sale 9/15/2026 at 1:30 PM | $51.44 | $50.35 |
| Previous close 09/14/2026 | $51.44 | $50.34 |
| Consolidated volume 09/14/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/15/2026 at 1:30 PM
Live
Closed
PAAA | FAAA | |
|---|---|---|
| Last price | $51.44 | $50.35 |
| 1D performance | +0.00% | +0.01% |
| AuM | $12.80 B | $113.05 M |
| E/R | 0.19% | 0.2% |
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Exposure
Countries
PAAA
USA
16.12%
Other
83.88%
FAAA
USA
15.86%
Other
84.14%
Sectors
PAAA
Industrials
10.64%
Other
89.36%
FAAA
Industrials
15.86%
Other
84.14%
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Diversification
PAAA
Total weight of top 15 holdings out of 15
20.68%
FAAA
Total weight of top 15 holdings out of 15
20.73%
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%
FAAA
US31635A1051
3.38%
AGL CLO 2022-17A, FRN 22jan2035, USD (ABS, AR)
1.42%
US55823TAA34
1.35%
US00176HAA86
1.35%
US55952EAL56
1.35%
US26254KAS24
1.35%
Ares Loan Funding 2024-ALF8, FRN 25jan2038, USD (ABS, A1)
1.35%
US92919DAL29
1.35%
US55955LAS16
1.28%
US12575MAA99
1.15%
US13877EAL65
1.08%
US83011LAJ52
1.08%
US55954NAS80
1.08%
US12567MAN11
1.08%
US29002UAS96
1.08%
Frequently asked questions about PAAA and FAAA
Which ETF is bigger: PAAA or FAAA?
As of September 11, 2026, PAAA holds $12.80 B in assets under management (AUM), while FAAA manages $113.05 M.
What sectors do the PAAA and FAAA ETFs invest in?
PAAA leans toward sectors like Industrials. Meanwhile, FAAA focuses on Industrials.
What are the top holdings of the PAAA ETF and FAAA ETF?
PAAA top holdings include PGIM Core Government Money Market Fund, US149931AC13 and US758970AL12. FAAA holds in its top three: US31635A1051, AGL CLO 2022-17A, FRN 22jan2035, USD (ABS, AR) and US55823TAA34.
Which ETF is more diversified: PAAA or FAAA?
PAAA holds 309 securities with 20.68% of its assets in the top 15. FAAA has 178 securities and a top 15 weight of 20.73%.
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Latest news about PAAA & FAAA
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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