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PAAA vs FCLO

Pgim Aaa Clo Etf vs Fidelity CLO ETF

PAAA

PGIM AAA CLO ETF

PGIM

Annual cost

0.19%

Fund size

$9.0B

FCLO

Fidelity CLO ETF

Fidelity Investments

Annual cost

0.00%

Fund size

$25M

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.
  • PAAA follows a active selection strategy; FCLO uses multi strategy.

Side-by-side comparison

PAAAFCLO
Annual cost (TER)0.19%0.00%
Fund size (AUM)$9.0B$25M
Since20232026
Dividend yield5.39%
Asset classfixed incomefixed income
Regionnorth america
Strategyactive selectionmulti strategy
CAGR 1Y+5.5%N/A
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y0.50%
Max drawdown-1.04%-0.58%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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