Skip to main content

ETF comparison

FBND vs PAAA

Both US Aggregate Bond.

Fidelity Total Bond ETF · PGIM AAA CLO ETF

Holdings overlap

Weighted by ISIN/CUSIP
0.5 %

8 positions appear in both funds. Buying equal dollars of FBND and PAAA would leave roughly 0.5% of each dollar exposed to the same underlying securities.

FBND unmatched 109.3% Shared 0.5% PAAA unmatched 95.4%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In FBND only
4,622 positions
Shared
8 positions
In PAAA only
303 positions

Side by side

FBND

Fidelity Total Bond ETF

Fidelity · US Aggregate Bond

74 composite / 100
Expense ratio
0.36%
Net assets
$28.43B
TTM yield
4.82%
Top-10 conc.
18.5%
PAAA

PGIM AAA CLO ETF

PGIM · US Aggregate Bond

82 composite / 100
Expense ratio
0.19%
Net assets
$15.01B
TTM yield
4.63%
Top-10 conc.
11.7%

Sub-score comparison

64
Cost
81
51
Tax efficiency
51
100
Liquidity
100
88
Concentration
98
—
Tracking quality
—
FBND sub-score PAAA

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

Cost difference

PAAA is 17 bps cheaper than FBND. On a $100,000 position that's about $170/yr more in fees for FBND.

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 FBND vs PAAA.

Top shared holdings

8 shared in total
# Holding In FBND In PAAA Overlap
1 RR 27 LTD 0.14% 0.76% 0.14%
2 PEACE PARK CLO LTD 0.09% 0.31% 0.09%
3 AIMCO CLO 21 LTD / AIMCO CLO 21 LLC 0.06% 0.15% 0.06%
4 CIFC FUNDING 2021-VI LTD 0.06% 0.55% 0.06%
5 GOLDENTREE LN MGMT US CLO 31 LTD / GOLDENTREE LN MGMT US CLO 31 LLC 0.05% 1.21% 0.05%
6 ARES LXX CLO LTD / ARES LXX CLO LLC 0.05% 0.61% 0.05%
7 MAGNETITE XXIX LTD / MAGNETITE XXIX LLC 0.01% 0.78% 0.01%
8 OHACP 2024-17A 0.01% 0.23% 0.01%

Only in FBND

4,622 total
  • Fidelity Revere Street Trust 3.16%
  • UST NOTES 2.73%
  • UST NOTES 2.04%
  • FNMA/FHLG TBA ISSUER 1.99%
  • UST NOTES 1.97%
  • UNITED STATES TREASURY BOND 1.37%
  • UNITED STATES TREASURY BOND 1.36%
  • UST NOTES 1.36%
  • GNMA II GTD PASS THRU CTF MULTIPLE ISSUER 1.28%
  • FNMA/FHLG TBA ISSUER 1.25%

Only in PAAA

303 total
  • CBAM 2017-2 LTD 1.58%
  • Regatta XXVII Funding Ltd / Regatta XXVII Funding LLC 1.29%
  • BENEFIT STREET PARTNERS CLO XII-B LTD 1.21%
  • MAGNETITE XL LTD 1.13%
  • OCP CLO LTD 1.12%
  • BATTALION CLO XXIV LTD 1.09%
  • AGL CORE CLO 1.06%
  • REGATTA XXVI FUNDING LTD 1.01%
  • BALBOA BAY LOAN FUNDING 2024-1 LTD 1.01%
  • BATTALION CLO XXXII LTD 1.01%

Percentages are holdings overlap with the named fund.

Open FBND or PAAA at a brokerage

Both funds trade commission-free at major US brokerages.

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.