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FCLO vs PAAA

Fidelity CLO ETF vs Pgim Aaa Clo Etf

FCLO

Fidelity CLO ETF

Annual cost

0.00%

Fund size

$26M

PAAA

PGIM AAA CLO ETF

Annual cost

0.19%

Fund size

$10.2B

Key differences

  • FCLO costs 0.19% less per year.
  • PAAA is significantly larger than FCLO — larger funds tend to be more liquid and less likely to close.
  • FCLO follows a multi strategy strategy; PAAA uses active selection.

Side-by-side comparison

FCLOPAAA
Annual cost (TER)0.00%0.19%
Fund size (AUM)$26M$10.2B
Since20262023
Dividend yield5.33%
Asset classfixed incomefixed income
Regionnorth america
Strategymulti strategyactive selection
CAGR 1YN/A+5.3%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y0.49%
Max drawdown-0.58%-1.04%

Similar to FCLO and PAAA