PCMM vs. AAAD
PCMM (BondBloxx Private Credit CLO ETF) and AAAD (PGIM AAA CLO Aggregate Duration ETF) are both CLO funds. Both are actively managed. At a correlation of -0.40, they often move in opposite directions. PCMM charges 0.68%/yr vs 0.19%/yr for AAAD.
Performance
PCMM vs. AAAD - Performance Comparison
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Returns By Period
PCMM
- 1D
- -0.01%
- 1M
- 0.50%
- 6M
- 2.27%
- YTD
- 2.33%
- 1Y
- 4.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAAD
- 1D
- -0.27%
- 1M
- -0.36%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PCMM vs. AAAD - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PCMM BondBloxx Private Credit CLO ETF | 1.23% |
AAAD PGIM AAA CLO Aggregate Duration ETF | -0.17% |
Correlation
The correlation between PCMM and AAAD is -0.40, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 3, 2026 | -0.40 |
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Return for Risk
PCMM vs. AAAD — Risk / Return Rank
PCMM
AAAD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PCMM vs. AAAD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx Private Credit CLO ETF (PCMM) and PGIM AAA CLO Aggregate Duration ETF (AAAD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PCMM | AAAD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | — | — |
| Martin ratioReturn relative to average drawdown | 7.72 | — | — |
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Drawdowns
PCMM vs. AAAD - Drawdown Comparison
The maximum PCMM drawdown since its inception was -4.32%, which is greater than AAAD's maximum drawdown of -1.13%. Use the drawdown chart below to compare losses from any high point for PCMM and AAAD.
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Drawdown Indicators
| PCMM | AAAD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.32% | -1.13% | -3.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.16% | — | — |
Current DrawdownCurrent decline from peak | -0.32% | -1.13% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -0.41% | -0.32% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | — | — |
Volatility
PCMM vs. AAAD - Volatility Comparison
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Volatility by Period
| PCMM | AAAD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 3.74% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.86% | 3.74% | +1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.86% | 3.74% | +1.12% |
PCMM vs. AAAD - Expense Ratio Comparison
PCMM has a 0.68% expense ratio, which is higher than AAAD's 0.19% expense ratio.
Dividends
PCMM vs. AAAD - Dividend Comparison
PCMM's dividend yield for the trailing twelve months is around 6.48%, more than AAAD's 0.03% yield.
| Position | TTM | 2025 |
|---|---|---|
AAAD PGIM AAA CLO Aggregate Duration ETF | 0.03% | 0.00% |
PCMM BondBloxx Private Credit CLO ETF | 6.48% | 7.02% |
Frequently Asked Questions
PCMM and AAAD have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AAAD is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AAAD is cheaper with a 0.19% expense ratio, compared with 0.68% for PCMM.
PCMM has the higher dividend yield at 6.48%, compared with 0.03% for AAAD.
They also come from different issuers: BondBloxx and PGIM. Their fees differ too: 0.68% for PCMM and 0.19% for AAAD.
Find the right allocation for PCMM and AAAD
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