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ETF comparison

GOVT vs PAAA

US Treasury (Intermediate) vs US Aggregate Bond.

iShares U.S. Treasury Bond ETF · PGIM AAA CLO ETF

Holdings overlap

Weighted by ISIN/CUSIP
0.0 %

0 positions appear in both funds. Buying equal dollars of GOVT and PAAA would leave roughly 0.0% of each dollar exposed to the same underlying securities.

GOVT unmatched 98.8% Shared 0.0% PAAA unmatched 96.3%

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 GOVT only
214 positions
Shared
0 positions
In PAAA only
329 positions

Side by side

GOVT

iShares U.S. Treasury Bond ETF

iShares · US Treasury (Intermediate)

88 composite / 100
Expense ratio
0.050%
Net assets
$41.37B
TTM yield
3.75%
Top-10 conc.
21.7%
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

95
Cost
81
58
Tax efficiency
51
100
Liquidity
100
N/A
Concentration
98
—
Tracking quality
—
GOVT sub-score PAAA

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

Cost difference

GOVT is 14 bps cheaper than PAAA. On a $100,000 position that's about $140/yr more in fees for PAAA.

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 GOVT vs PAAA.

Top shared holdings

0 shared in total

No shared holdings between these funds.

Only in GOVT

214 total
  • United States of America 5.28%
  • United States of America 2.95%
  • United States of America 2.63%
  • United States of America 2.08%
  • United States of America 1.62%
  • United States of America 1.48%
  • United States of America 1.46%
  • United States of America 1.46%
  • United States of America 1.38%
  • United States of America 1.37%

Only in PAAA

329 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 GOVT 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.