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%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Janus Henderson AAA CLO ETF | 0.20% | 28.22B | Oct 2020 | PAAA vs JAAA | |
| iShares AAA CLO Active ETF | 0.20% | 2.22B | Jan 2023 | PAAA vs CLOA | |
| Panagram AAA CLO ETF | 0.20% | 301.37M | Jul 2023 | PAAA vs CLOX | |
| Fidelity AAA CLO ETF | 0.20% | 45.04M | Feb 2026 | PAAA vs FAAA | |
| TCW AAA CLO ETF | 0.20% | 480.83M | Nov 2024 | PAAA 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.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares AAA CLO Active ETF | 99 | 2.22B | Jan 2023 | PAAA vs CLOA | |
| TCW AAA CLO ETF | 99 | 480.83M | Nov 2024 | PAAA vs ACLO | |
| Virtus SEIX AAA Private Credit CLO ETF | 99 | — | Dec 2024 | PAAA vs PCLO | |
| Janus Henderson AAA CLO ETF | 98 | 28.22B | Oct 2020 | PAAA vs JAAA | |
| Invesco Aaa CLO Floating Rate Note ETF | 97 | 499.59M | Dec 2022 | PAAA vs ICLO |
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%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| iShares BBB-B CLO Active ETF | 3.08% | 74.23M | Jan 2025 | PAAA vs BCLO | |
| AAM Crescent CLO ETF | 2.65% | 51.28M | Oct 2025 | PAAA vs CLOC | |
| Reckoner Leveraged AAA CLO ETF | 2.63% | 27.61M | Jul 2025 | PAAA vs RAAA | |
| TCW AAA CLO ETF | 2.44% | 480.83M | Nov 2024 | PAAA vs ACLO | |
| Invesco Aaa CLO Floating Rate Note ETF | 2.36% | 499.59M | Dec 2022 | PAAA vs ICLO |
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%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares AAA CLO Active ETF | 0.69% | 2.22B | Jan 2023 | PAAA vs CLOA | |
| TCW AAA CLO ETF | 0.73% | 480.83M | Nov 2024 | PAAA vs ACLO | |
| Janus Henderson AAA CLO ETF | 0.83% | 28.22B | Oct 2020 | PAAA vs JAAA | |
| Columbia AAA CLO ETF | 0.86% | 9.94M | Dec 2025 | PAAA vs AAAC | |
| AAM Crescent CLO ETF | 0.88% | 51.28M | Oct 2025 | PAAA 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%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares AAA CLO Active ETF | -0.18% | 2.22B | Jan 2023 | PAAA vs CLOA | |
| Virtus SEIX AAA Private Credit CLO ETF | -0.26% | — | Dec 2024 | PAAA vs PCLO | |
| TCW AAA CLO ETF | -0.27% | 480.83M | Nov 2024 | PAAA vs ACLO | |
| Invesco Aaa CLO Floating Rate Note ETF | -0.35% | 499.59M | Dec 2022 | PAAA vs ICLO | |
| Janus Henderson AAA CLO ETF | -0.39% | 28.22B | Oct 2020 | PAAA vs JAAA |
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.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PGIM Ultra Short Bond ETF | Ultrashort Bond | 99 | 1.96% | 17.34B | Apr 2018 | PAAA vs PULS | |
| PGIM Floating Rate Income ETF | Bank Loan | 92 | 2.37% | 116.68M | May 2022 | PAAA vs PFRL | |
| PGIM Short Duration Multi-Sector Bond ETF | Multisector Bonds | 88 | 1.23% | — | Jul 2023 | PAAA vs PSDM | |
| PGIM Laddered S&P 500 Buffer 12 ETF | Defined Outcome, S&P 500 | 84 | 5.60% | 183.97M | Jun 2024 | PAAA vs BUFP | |
| PGIM Ultra Short Municipal Bond ETF | Municipal Bonds | 88 | 1.46% | 98.37M | Jun 2024 | PAAA vs PUSH | |
| PGIM Short Duration High Yield ETF | High Yield Bonds | 75 | 2.30% | 160.90M | Dec 2023 | PAAA vs PSH | |
| PGIM Laddered S&P 500 Buffer 20 ETF | Defined Outcome, S&P 500 | 89 | 4.21% | 154.43M | Jun 2024 | PAAA vs PBFR | |
| PGIM Total Return Bond ETF | Intermediate Core-Plus Bond | 35 | 0.58% | 1.05B | Dec 2021 | PAAA vs PTRB | |
| PGIM Jennison Focused Growth ETF | Large Cap Growth Equities | 20 | 1.35% | 150.02M | Dec 2022 | PAAA vs PJFG | |
| PGIM Jennison Focused Value ETF | Large Cap Value Equities | 88 | 16.89% | 91.44M | Dec 2022 | PAAA vs PJFV |
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.
Compare PAAA with Any Fund or Stock
Compare PAAA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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