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ETF comparison

BINC vs JAAA

Both US Aggregate Bond.

iShares Flexible Income Active ETF · Janus Henderson AAA CLO ETF

Holdings overlap

Weighted by ISIN/CUSIP
1.9 %

92 positions appear in both funds. Buying equal dollars of BINC and JAAA would leave roughly 1.9% of each dollar exposed to the same underlying securities.

BINC only 112.3% Shared 1.9% JAAA only 94.8%
In BINC only
3,956 positions
Shared
92 positions
In JAAA only
508 positions

Side by side

BINC

iShares Flexible Income Active ETF

BlackRock · US Aggregate Bond

71 composite / 100
Expense ratio
0.40%
Net assets
$16.21B
TTM yield
5.84%
Top-10 conc.
23.6%
JAAA

Janus Henderson AAA CLO ETF

Janus Henderson · US Aggregate Bond

82 composite / 100
Expense ratio
0.20%
Net assets
$28.41B
TTM yield
4.95%
Top-10 conc.
11.9%

Sub-score comparison

60
Cost
80
49
Tax efficiency
51
100
Liquidity
100
81
Concentration
97
—
Tracking quality
—
BINC sub-score JAAA

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

JAAA is 20 bps cheaper than BINC. On a $100,000 position that's about $200/yr more in fees for BINC.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with BINC vs JAAA.

Top shared holdings

92 shared in total
# Holding In BINC In JAAA Overlap
1 Kennedy Lewis CLO Ltd 0.11% 0.18% 0.11%
2 Madison Park Funding Ltd 0.07% 0.47% 0.07%
3 Pikes Peak CLO 0.06% 0.06% 0.06%
4 Elmwood CLO III Ltd 0.06% 0.14% 0.06%
5 Neuberger Berman CLO Ltd 0.05% 0.06% 0.05%
6 ARES CLO Ltd 0.05% 0.57% 0.05%
7 Signal Peak CLO, LLC 0.05% 0.05% 0.05%
8 RR Ltd 0.04% 0.06% 0.04%
9 Birch Grove CLO Ltd. 0.04% 0.17% 0.04%
10 Carlyle Global Market Strategies 0.04% 0.20% 0.04%
11 Madison Park Funding Ltd 0.06% 0.04% 0.04%
12 Oak Hill Credit Partners 0.04% 0.04% 0.04%

Only in BINC

3,956 total
  • UMBS, TBA 5.65%
  • UMBS, TBA 3.10%
  • BlackRock Funds III 3.01%
  • BLACKROCK CASH FUNDS 2.75%
  • UMBS, TBA 2.35%
  • UMBS, TBA 2.31%
  • UMBS, TBA 1.67%
  • iShares iBoxx USD High Yield Corporate Bond ETF 1.12%
  • Spain Government Bonds 0.85%
  • BONOS Y OBLIG DEL ESTADO 0.74%

Only in JAAA

508 total
  • AB BSL CLO 1 Ltd. 0.85%
  • Anchorage Capital CLO 16 Ltd. 0.79%
  • Anchorage Capital CLO 17 Ltd. 0.77%
  • Carlyle US CLO Ltd. 0.68%
  • Regatta XIX Funding Ltd. 0.65%
  • Carlyle US CLO Ltd. 0.65%
  • Magnetite XXXII Ltd. 0.65%
  • Galaxy 35 CLO Ltd. 0.64%
  • Symphony CLO XVIII Ltd. 0.64%
  • OFSI BSL XV CLO Ltd. 0.63%

Open BINC or JAAA at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.