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USLNvsPAAAETF Comparison

ETF 1
USLN

iShares Broad USD Floating Rate Loan ETF

This fund is part of
US Corporate HY Bonds
-0.17%
VS
ETF 2
PAAA

PGIM AAA CLO ETF

This fund is part of
US Corporate IG Bonds
-0.2%

iShares Broad USD Floating Rate Loan ETF (USLN) and PGIM AAA CLO ETF (PAAA) have similar underlying exposures to countries and sectors. USLN's top 3 sector exposures are Non-Corporate, Finance and Industrials. In contrast, PAAA's top sector exposures are Industrials and Non-Corporate. USLN is more expensive with a Total Expense Ratio (TER) of 0.43%, versus 0.19% for PAAA. Run a side-by-side ETF comparison of USLN and PAAA 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 PAAA performance and flow charts

Performance

0.00.20.40.60.81.0%Jul 31Aug 7Aug 14Aug 21Aug 28

Cumulative Flows

0 B0.2 B0.4 B0.6 B0.8 B1 B1.2 BJul 31Aug 7Aug 14Aug 21Aug 28

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

Historic performance and flows
Data as of 08/31/2026
1M3MYTD1Y3Y5Y
Perf.
USLN
PAAA
+1.01%+0.44%
+1.63%+1.17%
n/a+3.20%
n/a+4.88%
n/a+20.42%
n/an/a
Flows
USLN
PAAA
-+$1.19B
-+$2.26B
-+$6.21B
-+$8.19B
-+$12.28B
--
Volatility and drawdown
3M1Y3Y5Y
Volatility
USLN
PAAA
+1.01%+0.28%
n/a+0.42%
n/a+0.63%
n/an/a
Max drawdown
USLN
PAAA
-0.39%n/a
n/a-0.12%
n/a-0.88%
n/an/a
Max drawdown duration
USLN
PAAA
30dn/a
n/a10d
n/a22d
n/an/a
Trading data

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USLN
PAAA
Last sale
9/2/2026 at 1:30 PM
$51.34
Previous close
09/01/2026
$51.33
Consolidated volume
09/01/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of August 31, 2026
1-year trailing difference

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PAAA
is actively managed and doesn’t replicate an index

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Join for free
USLN
PAAA
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
USLN
PAAA
Last price
$51.34
1D performance
+0.02%
AuM$22.80 M$12.41 B
E/R0.43%0.19%
Characteristics
USLN
PAAA
Management strategyPassiveActive
ProvideriSharesPGIM
BenchmarkMorningstar LSTA US Leveraged Loan Broad Select Index-
N° of holdings191735
Asset class--
Trailing 12m distribution yield
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Inception dateMarch 3, 2026July 19, 2023
ESGNoNo
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Exposure

Countries

USLN
USA
15.76%
Other
84.24%
PAAA
USA
16.12%
Other
83.88%

Sectors

USLN
Other
100%
PAAA
Industrials
10.64%
Other
89.36%
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Diversification

USLN

Total weight of top 15 holdings out of 15

18.75%
PAAA

Total weight of top 15 holdings out of 15

20.68%

Top 15 holdings

Data as of July 31, 2026
USLN
BlackRock Cash Funds - Treasury
6.04%
US89841EAB11
1.05%
US07014QAP63
0.99%
US78466DBJ28
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%
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%
Frequently asked questions about USLN and PAAA

Which ETF is bigger: USLN or PAAA?

As of August 31, 2026, USLN holds $22.80 M in assets under management (AUM), while PAAA manages $12.41 B.

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

USLN top holdings include BlackRock Cash Funds - Treasury, US89841EAB11 and US07014QAP63. PAAA holds in its top three: PGIM Core Government Money Market Fund, US149931AC13 and US758970AL12.

Which ETF is more diversified: USLN or PAAA?

USLN holds 2167 securities with 18.75% of its assets in the top 15. PAAA has 309 securities and a top 15 weight of 20.68%.

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