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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 109.6% Shared 0.5% PAAA unmatched 95.8%

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
4,461 positions
Shared
8 positions
In PAAA only
321 positions

Side by side

FBND

Fidelity Total Bond ETF

Fidelity · US Aggregate Bond

74 composite / 100
Expense ratio
0.36%
Net assets
$27.90B
TTM yield
4.80%
Top-10 conc.
19.8%
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

64
Cost
81
51
Tax efficiency
51
100
Liquidity
100
86
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 0.12% 0.93% 0.12%
2 PEACE PARK CLO LTD 0.10% 0.20% 0.10%
3 AIMCO CLO 21 LTD / AIMCO CLO 21 LLC 0.07% 0.19% 0.07%
4 CIFC FUNDING 2021-VI LTD 0.06% 0.48% 0.06%
5 ARES LXX CLO LTD / ARES LXX CLO LLC 0.05% 0.74% 0.05%
6 MADISON PK FDG LXVII LTD / MADISON PK FDG LXVII LLC 0.02% 0.09% 0.02%
7 OHACP 2024-17A 0.01% 0.29% 0.01%
8 AIMCO 2019 0.01% 0.21% 0.01%

Only in FBND

4,461 total
  • Fidelity Revere Street Trust 4.62%
  • UST NOTES 2.34%
  • UST NOTES 2.21%
  • UST NOTES 2.17%
  • UST NOTES 1.81%
  • UNITED STATES TREASURY BOND 1.53%
  • UST NOTES 1.49%
  • UNITED STATES TREASURY BOND 1.26%
  • UST NOTES 1.20%
  • FNMA/FHLG TBA ISSUER 1.19%

Only in PAAA

321 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%
  • AGL CLO I LTD 0.87%
  • RAD CLO 25 LTD 0.80%
  • MIDOCEAN CREDIT CLO VII LTD 0.77%

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.