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PGIM AAA CLO ETF (PAAA) 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 PAAA. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to PAAA

PAAA charges 0.19% annually. No ETFs in the CLO category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.20%.


SymbolNameExpense RatioAUMInception
Janus Henderson AAA CLO ETF0.20%28.22BOct 2020PAAA vs JAAA
iShares AAA CLO Active ETF0.20%2.22BJan 2023PAAA vs CLOA
Panagram AAA CLO ETF0.20%301.37MJul 2023PAAA vs CLOX
Fidelity AAA CLO ETF0.20%45.04MFeb 2026PAAA vs FAAA
TCW AAA CLO ETF0.20%480.83MNov 2024PAAA vs ACLO

Best Risk-Adjusted Alternatives to PAAA

PAAA has a PortfoliosLab risk / return rank of 99. No ETFs in the CLO category have higher risk-adjusted ranks; the top alternatives shown here go as high as 99.


Top Performing PAAA Alternatives (YTD)

PAAA is at 2.22% YTD. There are 10 ETFs in the CLO category with higher YTD returns, going as high as 3.08%.


Lowest Volatility Alternatives to PAAA

PAAA has 0.47% 1-year volatility. No ETFs in the CLO category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 0.69%.


SymbolNameVolatility 1YAUMInception
iShares AAA CLO Active ETF0.69%2.22BJan 2023PAAA vs CLOA
TCW AAA CLO ETF0.73%480.83MNov 2024PAAA vs ACLO
Janus Henderson AAA CLO ETF0.83%28.22BOct 2020PAAA vs JAAA
Columbia AAA CLO ETF0.86%9.94MDec 2025PAAA vs AAAC
AAM Crescent CLO ETF0.88%51.28MOct 2025PAAA vs CLOC

Lowest Drawdown Alternatives to PAAA

PAAA has a 1-year max drawdown of -0.17%. No ETFs in the CLO category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -0.18%.


Other ETFs from PGIM

The 10 most viewed PGIM ETFs shown here include PULS, PFRL, PSDM and span 10 categories. AUM among these funds goes as high as $17B.


Often Compared With PAAA

Investors most often compare PAAA with CLOI, ENIAX, VRIG. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.


SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
VanEck CLO ETFCLO
97
2.31%
1.36BJun 2022PAAA vs CLOI
SEI Institutional Investments Trust Opportunistic ...Ultrashort Bond
99
1.77%
Dec 2006PAAA vs ENIAX
Invesco Variable Rate Investment Grade ETFUltrashort Bond
99
2.06%
1.52BSep 2016PAAA vs VRIG
iShares 0-3 Month Treasury Bond ETFUltrashort Bond
100
1.71%
95.28BMay 2020PAAA vs SGOV
Eaton Vance Floating-Rate ETFBank Loan
75
1.50%
1.36BFeb 2024PAAA vs EVLN
Janus Henderson B-BBB CLO ETFCLO
42
1.67%
1.21BJan 2022PAAA vs JBBB
VanEck AA-BB CLO ETFCLO
72
1.95%
176.53MSep 2024PAAA vs CLOB
T. Rowe Price Ultra Short-Term Bond ETFUltrashort Bond
99
1.83%
1.17BSep 2021PAAA vs TBUX
SGI Enhanced Core ETFIntermediate Core Bond
95
2.55%
364.51MFeb 2024PAAA vs USDX
First Trust Commercial Mortgage Opportunities ETFIntermediate Core-Plus Bond
45
0.74%
34.52MFeb 2024PAAA vs CAAA
F/M 2-Year Investment Grade Corporate Bond ETFShort-Term Bond
88
0.93%
18.15MJan 2024PAAA vs ZTWO
Goldman Sachs Access Investment Grade Corporate 1-...Corporate Bonds
80
0.68%
9.44MJul 2020PAAA vs GSIG
PIMCO Dynamic Income Strategy FundTactical Allocation
5
15.50%
Feb 2019PAAA vs PDX
PIA BBB Bond FundCorporate Bonds
22
0.25%
Sep 2003PAAA vs PBBBX
VanEck Moody's Analytics BBB Corporate Bond ETFCorporate Bonds
33
0.67%
4.81MDec 2020PAAA vs MBBB
iShares Ultra Short Duration Bond Active ETFUltrashort Bond
99
1.55%
7.74BDec 2013PAAA vs ICSH
Principal Core Plus Bond FundIntermediate Core-Plus Bond
18
0.19%
Dec 2000PAAA vs PBMPX
Alliance Resource Partners, L.P.
47
10.94%
PAAA vs ARLP
Panagram BBB-B CLO ETFCLO
41
2.09%
825.65MJan 2023PAAA vs CLOZ
CrossingBridge Ultra-Short Duration FundUltrashort Bond
99
1.64%
Jun 2021PAAA vs CBUDX

Compare PAAA with Any Fund or Stock

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


 

Diversifiers

Pair PAAA with funds that move differently

PGIM AAA CLO ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PAAA.

Explore PAAA Diversifiers