Alternative Access 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 a closer substitute for your current allocation.
Cheapest Alternatives to AAA
AAA charges 0.25% annually. There are 11 ETFs in the CLO category with lower expense ratios, going as low as 0.19%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM AAA CLO Aggregate Duration ETF | 0.19% | 26.12M | Jun 2026 | AAA vs AAAD | |
| PGIM AAA CLO ETF | 0.19% | 11.25B | Jul 2023 | AAA vs PAAA | |
| Invesco AAA CLO Floating Rate Note ETF | 0.19% | 530.45M | Dec 2022 | AAA vs ICLO | |
| TCW AAA CLO ETF | 0.20% | 515.18M | Nov 2024 | AAA vs ACLO | |
| Fidelity AAA CLO ETF | 0.20% | 60.08M | Feb 2026 | AAA vs FAAA |
Best Risk-Adjusted Alternatives to AAA
AAA has a PortfoliosLab risk / return rank of 91. There are 11 ETFs in the CLO category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM AAA CLO ETF | 99 | 11.25B | Jul 2023 | AAA vs PAAA | |
| iShares AAA CLO Active ETF | 99 | 2.21B | Jan 2023 | AAA vs CLOA | |
| TCW AAA CLO ETF | 99 | 515.18M | Nov 2024 | AAA vs ACLO | |
| Virtus SEIX AAA Private Credit CLO ETF | 99 | — | Dec 2024 | AAA vs PCLO | |
| Janus Henderson AAA CLO ETF | 99 | 29.22B | Oct 2020 | AAA vs JAAA |
Top Performing AAA Alternatives (YTD)
AAA is at 2.38% YTD. There are 20 ETFs in the CLO category with higher YTD returns, going as high as 3.25%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eldridge BBB-B CLO ETF | 3.25% | 825.65M | Jan 2023 | AAA vs CLOZ | |
| AAM Crescent CLO ETF | 3.12% | 51.28M | Oct 2025 | AAA vs CLOC | |
| Reckoner Leveraged AAA CLO ETF | 3.11% | 27.61M | Jul 2025 | AAA vs RAAA | |
| iShares BBB-B CLO Active ETF | 3.10% | 84.14M | Jan 2025 | AAA vs BCLO | |
| TCW AAA CLO ETF | 3.02% | 515.18M | Nov 2024 | AAA vs ACLO |
Lowest Volatility Alternatives to AAA
AAA has 2.34% 1-year volatility. There are 20 ETFs in the CLO category with lower 1-year volatility, going as low as 0.43%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin BSP CLO ETF | 0.43% | 50.39M | Jun 2026 | AAA vs YCLO | |
| NYLI Investment Grade CLO ETF | 0.46% | 41.41M | May 2026 | AAA vs CLOO | |
| PGIM AAA CLO ETF | 0.47% | 11.25B | Jul 2023 | AAA vs PAAA | |
| iShares AAA CLO Active ETF | 0.68% | 2.21B | Jan 2023 | AAA vs CLOA | |
| TCW AAA CLO ETF | 0.72% | 515.18M | Nov 2024 | AAA vs ACLO |
Lowest Drawdown Alternatives to AAA
AAA has a 1-year max drawdown of -0.60%. There are 6 ETFs in the CLO category with shallower 1-year drawdowns, going as shallow as -0.17%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM AAA CLO ETF | -0.17% | 11.25B | Jul 2023 | AAA vs PAAA | |
| iShares AAA CLO Active ETF | -0.18% | 2.21B | Jan 2023 | AAA vs CLOA | |
| Virtus SEIX AAA Private Credit CLO ETF | -0.26% | — | Dec 2024 | AAA vs PCLO | |
| TCW AAA CLO ETF | -0.27% | 515.18M | Nov 2024 | AAA vs ACLO | |
| Invesco AAA CLO Floating Rate Note ETF | -0.31% | 530.45M | Dec 2022 | AAA vs ICLO |
Often Compared With AAA
Investors most often compare AAA with AAAU, PULS, FLRT. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare AAA with Any Fund or Stock
Compare AAA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair AAA with funds that move differently
Alternative Access First Priority CLO Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AAA.
Explore AAA Diversifiers