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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
0.9 %

42 positions appear in both funds. Buying equal dollars of BINC and PAAA would leave roughly 0.9% of each dollar exposed to the same underlying securities.

BINC unmatched 106.1% Shared 0.9% 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 BINC only
3,999 positions
Shared
42 positions
In PAAA only
287 positions

Side by side

BINC

iShares Flexible Income Active ETF

BlackRock · US Aggregate Bond

71 composite / 100
Expense ratio
0.40%
Net assets
$16.45B
TTM yield
6.03%
Top-10 conc.
21.0%
PAAA

PGIM AAA CLO ETF

PGIM · US Aggregate Bond

82 composite / 100
Expense ratio
0.19%
Net assets
$13.92B
TTM yield
4.65%
Top-10 conc.
11.2%

Sub-score comparison

60
Cost
81
48
Tax efficiency
51
100
Liquidity
100
84
Concentration
98
—
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

42 shared in total
# Holding In BINC In PAAA Overlap
1 Elmwood CLO III Ltd 0.06% 0.27% 0.06%
2 Park Blue CLO Ltd 0.06% 0.32% 0.06%
3 Neuberger Berman CLO Ltd 0.06% 0.52% 0.06%
4 Signal Peak CLO, LLC 0.05% 0.28% 0.05%
5 Kennedy Lewis CLO Ltd 0.05% 0.08% 0.05%
6 Benefit Street Partners CLO Ltd 0.05% 0.05% 0.05%
7 Oak Hill Credit 0.05% 0.06% 0.05%
8 ARES CLO Ltd 0.03% 0.74% 0.03%
9 CIFC Funding Ltd 0.03% 0.12% 0.03%
10 Empower CLO Ltd. 0.03% 0.55% 0.03%
11 CIFC Funding Ltd 0.03% 0.48% 0.03%
12 CIFC Funding Ltd 0.03% 0.07% 0.03%

Only in BINC

3,999 total
  • UMBS, TBA 6.83%
  • UMBS, TBA 3.48%
  • UMBS, TBA 2.35%
  • UMBS, TBA 1.57%
  • iShares iBoxx USD High Yield Corporate Bond ETF 1.46%
  • Italy Buoni Poliennali Del Tesoro 1.32%
  • UMBS, TBA 1.10%
  • iShares iBoxx USD Investment Grade Corporate Bond ETF 1.06%
  • Spain Government Bonds 0.97%
  • UMBS, TBA 0.81%

Only in PAAA

287 total
  • CBAMR LTD 1.92%
  • Regatta XXVII Funding Ltd / Regatta XXVII Funding LLC 1.58%
  • ELEVATION CLO 2021-12 LTD 1.13%
  • OCTAGON INVESTMENT PARTNERS 31 LTD 1.04%
  • Cbam 2020-13 Ltd. 0.99%
  • ELMWOOD CLO 25 LTD 0.99%
  • NEUBERGER BERMAN LOAN ADVISERS CLO 33 LTD 0.96%
  • RR 27 LTD 0.93%
  • AGL CLO I LTD 0.87%
  • RAD CLO 25 LTD 0.80%

Percentages are holdings overlap with the named fund.

Open BINC 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.