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USLNvsAAADETF Comparison

ETF 1

USLN

iShares Broad USD Floating Rate Loan ETF

This fund is part of

US Corporate HY Bonds

-0.04%

Full USLN fund page

VS

ETF 2

AAAD

PGIM AAA CLO Aggregate Duration ETF

This fund is part of

US Corporate IG Bonds

-0.03%

Full AAAD fund page

iShares Broad USD Floating Rate Loan ETF (USLN) and PGIM AAA CLO Aggregate Duration ETF (AAAD) have similar underlying exposures to countries and sectors. USLN's top 3 sector exposures are Non-Corporate, Finance and Industrials. In contrast, AAAD's top sector exposures are Industrials, Non-Corporate and Sovereign. USLN is more expensive with a Total Expense Ratio (TER) of 0.43%, versus 0.37% for AAAD. Run a side-by-side ETF comparison of USLN and AAAD 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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USLN vs AAAD 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 08/28/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	USLN AAAD	+0.97%+0.42%	+1.64%-0.35%	n/an/a	n/an/a	n/an/a	n/an/a
Flows	USLN AAAD	--	-+$26M	--	--	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	USLN AAAD	+1.00%+3.49%	n/an/a	n/an/a	n/an/a
Max drawdown	USLN AAAD	-0.39%-1.50%	n/an/a	n/an/a	n/an/a
Max drawdown duration	USLN AAAD	30d64d	n/an/a	n/an/a	n/an/a

Trading data

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	USLN	AAAD
Last sale 9/1/2026 at 1:30 PM		$49.27
Previous close 08/31/2026		$49.29
Consolidated volume 08/31/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 28, 2026

1-year trailing difference

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AAAD

is actively managed and doesn’t replicate an index

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	USLN	AAAD
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

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

Live

Closed

	USLN	AAAD
Last price	–	$49.27
1D performance	–	-0.04%
AuM	$22.78 M	$25.86 M
E/R	0.43%	0.37%

Characteristics

	USLN	AAAD
Management strategy	Passive	Active
Provider	iShares	PGIM
Benchmark	Morningstar LSTA US Leveraged Loan Broad Select Index	-
N° of holdings	1917	37
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	March 3, 2026	June 1, 2026
ESG	No	No

More USLN data on Trackinsight

More AAAD data on Trackinsight

Exposure

Countries

USLN

USA

15.76%

Other

84.24%

AAAD

USA

19.63%

Other

80.37%

Sectors

USLN

Other

100%

AAAD

Industrials

10.08%

Other

89.92%

Diversification

USLN

Total weight of top 15 holdings out of 15

18.75%

AAAD

Total weight of top 15 holdings out of 15

24.14%

Top 15 holdings

Data as of July 31, 2026

USLN

BlackRock Cash Funds - Treasury

6.04%

US89841EAB11

1.05%

US78466DBJ28

0.99%

US07014QAP63

0.99%

US74345HAJ05

0.98%

US59909TAC80

0.98%

US11132VAY56

0.97%

US57906HAF47

0.89%

US22526WAU27

0.88%

XAN8137FAE06

0.88%

US04686RAF01

0.87%

US43644ABL26

0.87%

XAG4712JBB70

0.84%

XAC8000CAR43

0.77%

US74339NAG16

0.75%

AAAD

PGIM Core Government Money Market Fund

6.53%

USA, Bonds 2.875% 15may2043, USD

2.84%

US143133AN68

2.06%

US149931AC13

1.65%

US758970AL12

1.35%

US001200AQ71

1.08%

US07090BAA98

1.06%

US75900QAN51

1.05%

US05766NAS18

1.05%

US67578VAL62

1.01%

US28623MBL28

0.97%

US67591EBW21

0.89%

US69703LAQ14

0.89%

US973142BC51

0.88%

US12517DAA00

0.84%

Frequently asked questions about USLN and AAAD

Which ETF is bigger: USLN or AAAD?

As of August 28, 2026, USLN holds $22.78 M in assets under management (AUM), while AAAD manages $25.86 M.

What are the top holdings of the USLN ETF and AAAD ETF?

USLN top holdings include BlackRock Cash Funds - Treasury, US89841EAB11 and US78466DBJ28. AAAD holds in its top three: PGIM Core Government Money Market Fund, USA, Bonds 2.875% 15may2043, USD and US143133AN68.

Which ETF is more diversified: USLN or AAAD?

USLN holds 2167 securities with 18.75% of its assets in the top 15. AAAD has 311 securities and a top 15 weight of 24.14%.

PGIM Launches AAAD, a AAA CLO with Core-Like Duration Exposure

June 16, 2026

AAAD

USLNvsAAADETF Comparison

iShares Broad USD Floating Rate Loan ETF

PGIM AAA CLO Aggregate Duration ETF

USLN vs AAAD 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

Which ETF is bigger: USLN or AAAD?

As of August 28, 2026, USLN holds $22.78 M in assets under management (AUM), while AAAD manages $25.86 M.

What are the top holdings of the USLN ETF and AAAD ETF?

USLN top holdings include BlackRock Cash Funds - Treasury, US89841EAB11 and US78466DBJ28. AAAD holds in its top three: PGIM Core Government Money Market Fund, USA, Bonds 2.875% 15may2043, USD and US143133AN68.

Which ETF is more diversified: USLN or AAAD?

USLN holds 2167 securities with 18.75% of its assets in the top 15. AAAD has 311 securities and a top 15 weight of 24.14%.

PGIM Launches AAAD, a AAA CLO with Core-Like Duration Exposure

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