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ETF comparison

NEAR vs PAAA

Both US Aggregate Bond.

iShares Short Duration Bond Active ETF · PGIM AAA CLO ETF

Holdings overlap

Weighted by ISIN/CUSIP
0.6 %

15 positions appear in both funds. Buying equal dollars of NEAR and PAAA would leave roughly 0.6% of each dollar exposed to the same underlying securities.

NEAR only 101.3% Shared 0.6% PAAA only 94.4%
In NEAR only
1,566 positions
Shared
15 positions
In PAAA only
331 positions

Side by side

NEAR

iShares Short Duration Bond Active ETF

iShares · US Aggregate Bond

72 composite / 100
Expense ratio
0.25%
Net assets
$4.77B
TTM yield
4.43%
Top-10 conc.
33.4%
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

75
Cost
81
52
Tax efficiency
51
86
Liquidity
100
67
Concentration
95
—
Tracking quality
—
NEAR sub-score PAAA

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

Cost difference

PAAA is 6 bps cheaper than NEAR. On a $100,000 position that's about $60/yr more in fees for NEAR.

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 NEAR vs PAAA.

Top shared holdings

15 shared in total
# Holding In NEAR In PAAA Overlap
1 Birch Grove CLO Ltd. 0.11% 0.40% 0.11%
2 CIFC Funding Ltd 0.08% 0.09% 0.08%
3 Battalion CLO LTD 0.06% 0.40% 0.06%
4 New Mountain CLO Ltd 0.05% 0.60% 0.05%
5 Regatta XXVII Funding Ltd. 0.04% 0.35% 0.04%
6 Empower CLO Ltd. 0.04% 0.47% 0.04%
7 Bryant Park Funding Ltd 0.04% 0.37% 0.04%
8 Madison Park Funding Ltd 0.04% 0.61% 0.04%
9 Pikes Peak CLO 0.03% 0.04% 0.03%
10 CIFC Funding Ltd 0.03% 0.23% 0.03%
11 Regatta VIII Funding Ltd 0.10% 0.03% 0.03%
12 Oaktree CLO Ltd 0.05% 0.02% 0.02%

Only in NEAR

1,566 total
  • United States Treasury 14.14%
  • United States Treasury 4.25%
  • United States Treasury 3.73%
  • United States Treasury 3.20%
  • BlackRock Funds III 2.74%
  • United States Treasury 1.60%
  • United States Treasury 1.47%
  • United States Treasury 1.04%
  • United States Treasury 0.78%
  • CITIGROUP INC 0.48%

Only in PAAA

331 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%
  • ELMWOOD CLO 41 LTD 0.87%

Open NEAR 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.