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ETF comparison

FBND vs JAAA

Both US Aggregate Bond.

Fidelity Total Bond ETF · Janus Henderson AAA CLO ETF

Holdings overlap

Weighted by ISIN/CUSIP
0.8 %

18 positions appear in both funds. Buying equal dollars of FBND and JAAA would leave roughly 0.8% of each dollar exposed to the same underlying securities.

FBND only 110.0% Shared 0.8% JAAA only 95.9%
In FBND only
4,374 positions
Shared
18 positions
In JAAA only
582 positions

Side by side

FBND

Fidelity Total Bond ETF

Fidelity · US Aggregate Bond

74 composite / 100
Expense ratio
0.36%
Net assets
$26.62B
TTM yield
4.70%
Top-10 conc.
19.4%
JAAA

Janus Henderson AAA CLO ETF

Janus Henderson · US Aggregate Bond

82 composite / 100
Expense ratio
0.20%
Net assets
$28.41B
TTM yield
4.95%
Top-10 conc.
11.9%

Sub-score comparison

64
Cost
80
51
Tax efficiency
51
100
Liquidity
100
87
Concentration
97
—
Tracking quality
—
FBND sub-score JAAA

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

Cost difference

JAAA is 16 bps cheaper than FBND. On a $100,000 position that's about $160/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 JAAA.

Top shared holdings

18 shared in total
# Holding In FBND In JAAA Overlap
1 MAGNETITE XXVI LTD / MAGNETITE XXVI LLC 0.12% 0.19% 0.12%
2 PEACE PARK CLO LTD 0.10% 0.19% 0.10%
3 OHA CREDIT FUNDING 16-R LTD 0.08% 0.08% 0.08%
4 RR 27 LTD 0.13% 0.06% 0.06%
5 BAIN CAPITAL CREDIT CLO 2023-4 LTD 0.06% 0.11% 0.06%
6 RRAM 2022-24A 0.05% 0.07% 0.05%
7 CEDAR FDG XII CLO LTD / CEDAR FDG XII CLO LLC 0.05% 0.09% 0.05%
8 SIXTH STREET CLO XVIII LTD 0.05% 0.07% 0.05%
9 BENEFIT STREET PARTNERS CLO 43 LTD 0.05% 0.04% 0.04%
10 ALLEGRO CLO XII LTD 0.04% 0.10% 0.04%
11 CARLYLE US CLO 2021-10 LTD 0.03% 0.65% 0.03%
12 MAGNETITE XLI LTD 0.03% 0.14% 0.03%

Only in FBND

4,374 total
  • Fidelity Revere Street Trust 2.92%
  • UST NOTES 2.86%
  • UST NOTES 2.23%
  • UST NOTES 2.12%
  • UNITED STATES TREASURY BOND 1.69%
  • UST NOTES 1.64%
  • UST NOTES 1.54%
  • UST NOTES 1.53%
  • UST NOTES 1.47%
  • UNITED STATES TREASURY BOND 1.39%

Only in JAAA

582 total
  • KKR CLO 35 Ltd. 0.93%
  • AB BSL CLO 1 Ltd. 0.85%
  • Anchorage Capital CLO 16 Ltd. 0.79%
  • Anchorage Capital CLO 17 Ltd. 0.77%
  • Carlyle US CLO Ltd. 0.68%
  • Regatta XIX Funding Ltd. 0.65%
  • Magnetite XXXII Ltd. 0.65%
  • Galaxy 35 CLO Ltd. 0.64%
  • Symphony CLO XVIII Ltd. 0.64%
  • OFSI BSL XV CLO Ltd. 0.63%

Open FBND or JAAA 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.