AAF First Priority CLO Bond ETF (AAA) Alternatives

AAF First Priority CLO Bond ETF (AAA) belongs to the CLO category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with AAA. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.

Cheapest Alternatives to AAA

AAA charges 0.25% annually. Among ETFs in the CLO category, these options have the lowest expense ratios among AAA alternatives.

Symbol	Name	Expense Ratio	Inception
PAAA	PGIM AAA CLO ETF	0.19%	Jul 19, 2023	AAA vs PAAA
ACLO	TCW AAA CLO ETF	0.20%	Nov 15, 2024	AAA vs ACLO
CLOA	BlackRock AAA CLO ETF	0.20%	Jan 10, 2023	AAA vs CLOA
FAAA	Fidelity AAA CLO ETF	0.20%	Feb 10, 2026	AAA vs FAAA
CLOX	Panagram AAA CLO ETF	0.20%	Jul 18, 2023	AAA vs CLOX

Best Risk-Adjusted Alternatives to AAA

Among ETFs in the CLO category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
PCLO	Virtus SEIX AAA Private Credit CLO ETF	99	Dec 2, 2024	AAA vs PCLO
ACLO	TCW AAA CLO ETF	98	Nov 15, 2024	AAA vs ACLO
PAAA	PGIM AAA CLO ETF	98	Jul 19, 2023	AAA vs PAAA
CLOA	BlackRock AAA CLO ETF	98	Jan 10, 2023	AAA vs CLOA
JAAA	Janus Henderson AAA CLO ETF	97	Oct 16, 2020	AAA vs JAAA

Top Performing AAA Alternatives (YTD)

AAA alternatives from the CLO category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
ICLO	Invesco Aaa CLO Floating Rate Note ETF	1.06%	Dec 9, 2022	AAA vs ICLO
ACLO	TCW AAA CLO ETF	1.06%	Nov 15, 2024	AAA vs ACLO
CLOX	Panagram AAA CLO ETF	1.01%	Jul 18, 2023	AAA vs CLOX
PAAA	PGIM AAA CLO ETF	0.99%	Jul 19, 2023	AAA vs PAAA
CLOA	BlackRock AAA CLO ETF	0.94%	Jan 10, 2023	AAA vs CLOA

Lowest Volatility Alternatives to AAA

AAA alternatives from the CLO category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
ACLO	TCW AAA CLO ETF	1.14%	Nov 15, 2024	AAA vs ACLO
PCLO	Virtus SEIX AAA Private Credit CLO ETF	1.28%	Dec 2, 2024	AAA vs PCLO
FAAA	Fidelity AAA CLO ETF	1.29%	Feb 10, 2026	AAA vs FAAA
PAAA	PGIM AAA CLO ETF	1.34%	Jul 19, 2023	AAA vs PAAA
RAAA	Reckoner Leveraged AAA CLO ETF	1.49%	Jul 9, 2025	AAA vs RAAA

Lowest Drawdown Alternatives to AAA

AAA alternatives from the CLO category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
PCLO	Virtus SEIX AAA Private Credit CLO ETF	-0.76%	Dec 2, 2024	AAA vs PCLO
ACLO	TCW AAA CLO ETF	-0.91%	Nov 15, 2024	AAA vs ACLO
PAAA	PGIM AAA CLO ETF	-1.04%	Jul 19, 2023	AAA vs PAAA
CLOA	BlackRock AAA CLO ETF	-1.10%	Jan 10, 2023	AAA vs CLOA
JAAA	Janus Henderson AAA CLO ETF	-1.46%	Oct 16, 2020	AAA vs JAAA

Often Compared With AAA

What investors most often compare with AAA, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
AAAU	Goldman Sachs Physical Gold ETF	Precious Metals, Gold	87	8.55%	Jul 26, 2018	AAA vs AAAU
PULS	PGIM Ultra Short Bond ETF	Ultrashort Bond	99	0.89%	Apr 5, 2018	AAA vs PULS
FLRT	Pacific Global Senior Loan ETF	High Yield Bonds, Actively Managed	86	-0.24%	Feb 19, 2015	AAA vs FLRT
FLMX	Franklin FTSE Mexico ETF	Latin America Equities	93	8.47%	Nov 3, 2017	AAA vs FLMX
FTSL	First Trust Senior Loan Fund	High Yield Bonds, Actively Managed	80	-0.80%	May 1, 2013	AAA vs FTSL
AOUIX	Angel Oak UltraShort Income Fund	Ultrashort Bond	99	0.37%	Apr 2, 2018	AAA vs AOUIX
VOO	Vanguard S&P 500 ETF	S&P 500	65	-4.42%	Sep 7, 2010	AAA vs VOO
ADFI	Anfield Dynamic Fixed Income ETF	Intermediate Core-Plus Bond	33	-0.48%	Aug 17, 2020	AAA vs ADFI
VCSH	Vanguard Short-Term Corporate Bond ETF	Corporate Bonds	95	0.13%	Nov 19, 2009	AAA vs VCSH
AFIF	Anfield Universal Fixed Income ETF	Multisector Bonds, Actively Managed	82	-0.17%	Sep 18, 2018	AAA vs AFIF
BHYB	Xtrackers USD High Yield BB-B ex Financials ETF	High Yield Bonds	83	-0.07%	Oct 26, 2023	AAA vs BHYB
SPY	State Street SPDR S&P 500 ETF	S&P 500	64	-4.37%	Jan 22, 1993	AAA vs SPY
BBHY	JPMorgan BetaBuilders USD High Yield Corporate Bon...	High Yield Bonds	75	-0.28%	Sep 15, 2016	AAA vs BBHY
BEMB	Ishares J.P. Morgan Broad USD Emerging Markets Bon...	Emerging Markets Bonds	79	-1.34%	Feb 22, 2023	AAA vs BEMB
BSJU	Invesco Bulletshares 2030 High Yield Corporate Bon...	High Yield Bonds	75	-0.41%	Sep 6, 2022	AAA vs BSJU
AGRH	iShares Interest Rate Hedged U.S. Aggregate Bond E...	Ultrashort Bond	96	0.36%	Jun 22, 2022	AAA vs AGRH
BRLN	BlackRock Floating Rate Loan ETF	Bank Loan	63	-0.73%	Oct 4, 2022	AAA vs BRLN
FLUD	Franklin Ultra Short Bond ETF	Ultrashort Bond	98	0.68%	Jul 14, 2020	AAA vs FLUD
BIL	SPDR Barclays 1-3 Month T-Bill ETF	Government Bonds	100	0.85%	May 25, 2007	AAA vs BIL
GLD	SPDR Gold Shares	Gold, Precious Metals	87	8.57%	Nov 18, 2004	AAA vs GLD

Compare AAA with Any Fund or Stock

Compare AAA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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AAF First Priority CLO Bond ETF

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