Fidelity AAA CLO ETF (FAAA) 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 FAAA. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FAAA
FAAA charges 0.20% annually. There are 2 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% | 26.23M | Jun 2026 | FAAA vs AAAD | |
| PGIM AAA CLO ETF | 0.19% | 10.35B | Jul 2023 | FAAA vs PAAA | |
| Janus Henderson AAA CLO ETF | 0.20% | 29.17B | Oct 2020 | FAAA vs JAAA | |
| iShares AAA CLO Active ETF | 0.20% | 2.15B | Jan 2023 | FAAA vs CLOA | |
| Panagram AAA CLO ETF | 0.20% | 308.54M | Jul 2023 | FAAA vs CLOX |
Best Risk-Adjusted Alternatives to FAAA
Among 18 ETFs in the CLO category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM AAA CLO ETF | 99 | 10.35B | Jul 2023 | FAAA vs PAAA | |
| iShares AAA CLO Active ETF | 99 | 2.15B | Jan 2023 | FAAA vs CLOA | |
| TCW AAA CLO ETF | 99 | 480.83M | Nov 2024 | FAAA vs ACLO | |
| Virtus SEIX AAA Private Credit CLO ETF | 99 | — | Dec 2024 | FAAA vs PCLO | |
| Janus Henderson AAA CLO ETF | 99 | 29.17B | Oct 2020 | FAAA vs JAAA |
Top Performing FAAA Alternatives (YTD)
Among 21 ETFs in the CLO category with YTD return data, the top-performing alternatives shown here go as high as 3.07%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| iShares BBB-B CLO Active ETF | 3.07% | 83.86M | Jan 2025 | FAAA vs BCLO | |
| Reckoner Leveraged AAA CLO ETF | 2.90% | 27.61M | Jul 2025 | FAAA vs RAAA | |
| Palmer Square CLO Senior Debt ETF | 2.79% | — | Sep 2024 | FAAA vs PSQA | |
| TCW AAA CLO ETF | 2.75% | 480.83M | Nov 2024 | FAAA vs ACLO | |
| AAM Crescent CLO ETF | 2.73% | 51.28M | Oct 2025 | FAAA vs CLOC |
Lowest Volatility Alternatives to FAAA
FAAA has 0.84% 1-year volatility. There are 7 ETFs in the CLO category with lower 1-year volatility, going as low as 0.47%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin BSP CLO ETF | 0.47% | 50.32M | — | FAAA vs YCLO | |
| PGIM AAA CLO ETF | 0.47% | 10.35B | Jul 2023 | FAAA vs PAAA | |
| NYLI Investment Grade CLO ETF | 0.48% | 46.50M | May 2026 | FAAA vs CLOO | |
| iShares AAA CLO Active ETF | 0.68% | 2.15B | Jan 2023 | FAAA vs CLOA | |
| TCW AAA CLO ETF | 0.72% | 480.83M | Nov 2024 | FAAA vs ACLO |
Lowest Drawdown Alternatives to FAAA
Among 18 ETFs in the CLO category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.17%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM AAA CLO ETF | -0.17% | 10.35B | Jul 2023 | FAAA vs PAAA | |
| iShares AAA CLO Active ETF | -0.18% | 2.15B | Jan 2023 | FAAA vs CLOA | |
| Virtus SEIX AAA Private Credit CLO ETF | -0.26% | — | Dec 2024 | FAAA vs PCLO | |
| TCW AAA CLO ETF | -0.27% | 480.83M | Nov 2024 | FAAA vs ACLO | |
| Invesco Aaa CLO Floating Rate Note ETF | -0.35% | 508.14M | Dec 2022 | FAAA vs ICLO |
Other ETFs from Fidelity
The 10 most viewed Fidelity ETFs shown here include FTEC, FDVV, FBTC and span 7 categories. AUM among these funds goes as high as $27B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | Technology Equities | 51 | 21.67% | 20.96B | Oct 2013 | FAAA vs FTEC | |
| Fidelity High Dividend ETF | Large Cap Blend Equities, Dividend | 76 | 12.35% | 9.74B | Sep 2016 | FAAA vs FDVV | |
| Fidelity Wise Origin Bitcoin Fund | Cryptocurrency | 2 | -26.63% | 10.22B | Jan 2024 | FAAA vs FBTC | |
| Fidelity Total Bond ETF | Intermediate Core-Plus Bond | 39 | 0.47% | 26.62B | Oct 2014 | FAAA vs FBND | |
| Fidelity Nasdaq Composite Index ETF | Large Cap Growth Equities | 51 | 12.09% | 10.69B | Sep 2003 | FAAA vs ONEQ | |
| Fidelity Blue Chip Growth ETF | Large Cap Growth Equities | 39 | 10.76% | 6.97B | Jun 2020 | FAAA vs FBCG | |
| Fidelity Enhanced Large Cap Core ETF | Large Cap Blend Equities | 71 | 11.54% | 7.88B | Apr 2007 | FAAA vs FELC | |
| Fidelity MSCI Utilities Index ETF | Utilities Equities | 31 | 7.67% | 2.35B | Oct 2013 | FAAA vs FUTY | |
| Fidelity Ethereum Fund | Cryptocurrency | 4 | -36.91% | 750.93M | Jul 2024 | FAAA vs FETH | |
| Fidelity Enhanced Large Cap Growth ETF | Large Cap Growth Equities | 29 | 3.92% | 5.65B | Nov 2023 | FAAA vs FELG |
Often Compared With FAAA
Investors most often compare FAAA with FCLO, NCLO, CLOB. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare FAAA with Any Fund or Stock
Compare FAAA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FAAA with funds that move differently
Fidelity AAA CLO ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FAAA.
Explore FAAA Diversifiers