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ETF comparison

PAAA vs PYLD

Both US Aggregate Bond.

PGIM AAA CLO ETF · PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund

Holdings overlap

Weighted by ISIN/CUSIP
1.2 %

17 positions appear in both funds. Buying equal dollars of PAAA and PYLD would leave roughly 1.2% of each dollar exposed to the same underlying securities.

PAAA only 93.8% Shared 1.2% PYLD only 118.4%
In PAAA only
329 positions
Shared
17 positions
In PYLD only
1,548 positions

Side by side

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%
PYLD

PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund

PIMCO · US Aggregate Bond

55 composite / 100
Expense ratio
0.64%
Net assets
$14.71B
TTM yield
6.33%
Top-10 conc.
51.5%

Sub-score comparison

81
Cost
36
51
Tax efficiency
48
100
Liquidity
100
95
Concentration
41
—
Tracking quality
—
PAAA sub-score PYLD

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

Cost difference

PAAA is 45 bps cheaper than PYLD. On a $100,000 position that's about $450/yr more in fees for PYLD.

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 PAAA vs PYLD.

Top shared holdings

17 shared in total
# Holding In PAAA In PYLD Overlap
1 Octagon 64 Ltd. / Octagon 64 LLC 0.60% 0.32% 0.32%
2 MAGNETITE LTD 2022-32 0.47% 0.16% 0.16%
3 Trinitas Clo XVI Ltd. 0.43% 0.16% 0.16%
4 Madison Park Funding Xxxiv Ltd. 0.99% 0.12% 0.12%
5 Sixth Street CLO VIII Ltd./ Street CLO VIII LLC 0.22% 0.10% 0.10%
6 NEUBERGER BERMAN CLO XXI LTD 0.37% 0.08% 0.08%
7 BLUEMOUNTAIN CLO 2014-4 LTD 0.21% 0.04% 0.04%
8 WELLFLEET CLO 2021-1 LTD 0.49% 0.03% 0.03%
9 PIKES PEAK CLO 2 LLC 0.03% 0.14% 0.03%
10 BROAD RIVER BSL FUNDING CLO LTD 0.22% 0.03% 0.03%
11 TRINITAS CLO XIV LTD 0.40% 0.02% 0.02%
12 Ares XLIV CLO Ltd. 0.64% 0.02% 0.02%

Only in PAAA

329 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%
  • 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%
  • Park Blue CLO 2023-IV Ltd. 0.87%

Only in PYLD

1,548 total
  • UMBS PASS THRU POOLS 8.36%
  • UMBS PASS THRU POOLS 6.59%
  • UMBS PASS THRU POOLS 6.43%
  • UMBS PASS THRU POOLS 6.41%
  • UMBS PASS THRU POOLS 5.97%
  • UMBS PASS THRU POOLS 5.23%
  • UNITED STATES GOVT 2.07%
  • PERU GOVT 0.99%
  • SOUTH AFRICA GOVT 0.85%
  • UNITED STATES GOVT 0.82%

Open PAAA or PYLD 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.