PAAAvsMBBAETF Comparison
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PGIM AAA CLO ETF (PAAA) and iShares Mortgage-Backed Securities Active ETF (MBBA) have similar underlying exposures to countries and sectors. 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 0.26% for MBBA. Run a side-by-side ETF comparison of PAAA and MBBA 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 MBBA 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 MBBA | +0.50%-1.78% | +1.29%-2.53% | +3.40%n/a | +4.94%n/a | +20.37%n/a | n/an/a |
| Flows | PAAA MBBA | +$1.30B+$2M | +$2.36B+$8M | +$6.58B- | +$8.35B- | +$12.65B- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PAAA MBBA | +0.29%+4.83% | +0.42%n/a | +0.63%n/a | n/an/a |
| Max drawdown | PAAA MBBA | n/a-3.00% | -0.12%n/a | -0.88%n/a | n/an/a |
| Max drawdown duration | PAAA MBBA | n/a77d | 10dn/a | 22dn/a | n/an/a |
Trading data
PAAA | MBBA | |
Last sale 9/15/2026 at 1:30 PM | $51.44 | $47.87 |
| Previous close 09/14/2026 | $51.44 | $47.79 |
| 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 | MBBA | |
|---|---|---|
| Last price | $51.44 | $47.87 |
| 1D performance | +0.00% | +0.17% |
| AuM | $12.80 B | $155.22 M |
| E/R | 0.19% | 0.26% |
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Exposure
Countries
PAAA
USA
16.12%
Other
83.88%
MBBA
Data will be available soon
Sectors
PAAA
Industrials
10.64%
Other
89.36%
MBBA
Data will be available soon
Diversification
PAAA
Total weight of top 15 holdings out of 15
20.68%
MBBA
Data will be available soon
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%
MBBA
Data will be available soon
Frequently asked questions about PAAA and MBBA
Which ETF is bigger: PAAA or MBBA?
As of September 11, 2026, PAAA holds $12.80 B in assets under management (AUM), while MBBA manages $155.22 M.
What sectors do the PAAA and MBBA ETFs invest in?
PAAA leans toward sectors like Industrials. Meanwhile, MBBA focuses on Industrials and Non-Corporate.
What are the top holdings of the PAAA ETF and MBBA ETF?
PAAA top holdings include PGIM Core Government Money Market Fund, US149931AC13 and US758970AL12. MBBA holds in its top three: US01F0526800, US01F0206874 and BlackRock Liquidity T-Fund.
Which ETF is more diversified: PAAA or MBBA?
PAAA holds 309 securities with 20.68% of its assets in the top 15. MBBA has 491 securities and a top 15 weight of 89.36%.
Latest news about PAAA & MBBA
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
