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ETF comparison

BINC vs PAAA

Both US Aggregate Bond.

iShares Flexible Income Active ETF · PGIM AAA CLO ETF

Holdings overlap

Weighted by ISIN/CUSIP
1.1 %

56 positions appear in both funds. Buying equal dollars of BINC and PAAA would leave roughly 1.1% of each dollar exposed to the same underlying securities.

BINC only 113.0% Shared 1.1% PAAA only 93.9%
In BINC only
3,992 positions
Shared
56 positions
In PAAA only
290 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%
PAAA

PGIM AAA CLO ETF

PGIM · US Aggregate Bond

82 composite / 100
Expense ratio
0.19%
Net assets
$10.16B
TTM yield
4.84%
Top-10 conc.
13.8%

Sub-score comparison

60
Cost
81
49
Tax efficiency
51
100
Liquidity
100
81
Concentration
95
—
Tracking quality
—
BINC sub-score PAAA

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

Cost difference

PAAA is 21 bps cheaper than BINC. On a $100,000 position that's about $210/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 PAAA.

Top shared holdings

56 shared in total
# Holding In BINC In PAAA Overlap
1 Elmwood CLO III Ltd 0.06% 0.37% 0.06%
2 Park Blue CLO Ltd 0.05% 0.43% 0.05%
3 Regatta XXVIII Funding Ltd. 0.05% 0.53% 0.05%
4 Neuberger Berman CLO Ltd 0.05% 0.37% 0.05%
5 Signal Peak CLO, LLC 0.05% 0.33% 0.05%
6 Kennedy Lewis CLO Ltd 0.05% 0.11% 0.05%
7 Benefit Street Partners CLO Ltd 0.04% 0.06% 0.04%
8 Oak Hill Credit Partners 0.04% 0.08% 0.04%
9 RR Ltd 0.04% 0.80% 0.04%
10 CIFC Funding Ltd 0.03% 0.16% 0.03%
11 Empower CLO Ltd. 0.03% 0.70% 0.03%
12 Madison Park Funding Ltd 0.03% 0.12% 0.03%

Only in BINC

3,992 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 PAAA

290 total
  • CARLYLE US CLO 2023-3 LTD 1.00%
  • SYMP SERIES 2021-28A CLASS A 1.00%
  • GOLUB CAPITAL PARTNERS CLO 19(B)-R3 LTD 1.00%
  • BALBOA BAY LOAN FUNDING 2022-1 LTD 1.00%
  • Madison Park Funding Xxxiv Ltd. 0.99%
  • 720 EAST CLO 2023-II LTD 0.94%
  • BARINGS CLO 2025-III LTD 0.93%
  • RR 1 LTD 0.92%
  • GARNET CLO 3 LTD 0.87%
  • CIFC FDG 2025-III LTD/LLC 0.83%

Open BINC or PAAA 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.