Which returned more over the last year, CLOI or PAAA?

In the year to Oct 20, 2026, with distributions reinvested, CLOI returned +5.1% and PAAA +4.8%.

Which is cheaper, CLOI or PAAA?

PAAA is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.

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CLOI vs PAAA: Differences, Returns & Fees

CLOI's duration was 0.5 years on Jun 30, 2026 and PAAA's 0.1 on May 29, 2026; PAAA charges 0.19% to CLOI's 0.29%. Net assets on Oct 19, 2026: $1.8bn for VanEck CLO ETF and $14.9bn for PGIM AAA CLO ETF.

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Answers cite the figures on this page.

PAAA costs 0.10 points a year less; their one-year returns differ by 0.3 points; PAAA is 8.5 times larger.

CLOI vs PAAA: Differences, Returns & Fees
	CLOI	PAAA
Expense ratio	0.29%	0.19%
Net assets, as of Oct 19, 2026	$1.8bn	$14.9bn
Total return, 1 year	+5.1%	+4.8%
What it tracks	No index, actively managed	No index, actively managed
Holdings in common	1%

Holdings in common uses holdings dated May 29, 2026 and Jun 30, 2026.

+5.1%

CLOI total return, 1 year

+4.8%

PAAA total return, 1 year

0.29%

CLOI expense ratio

0.19%

PAAA expense ratio

Client brief · page 1 of 2Report BR-35BB475CBA

CLOI and PAAA are built for the same job. How do they differ in cost, holdings and results?

Holdings in common. 1% of the weight is in the same securities (holdings dated Jun 30, 2026 and May 29, 2026).
Cost. CLOI charges 0.29% of assets a year and PAAA 0.19%, a gap of 0.10 points.
Size. CLOI has $1.8bn in net assets and PAAA $14.9bn (net assets, as of Oct 19, 2026); PAAA is 8.3 times larger.

Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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What they hold in common

By the books each fund has filed, CLOI and PAAA hold 1% of their money in the same securities at the same weight. Holdings dated May 29, 2026 and Jun 30, 2026.

50%

half

1% in common

Positions both hold, largest shared weight first

Holding CLOI PAAA

Bain Capital Credit CLO 2017-2 Ltd, due Jul 25, 2037 0.75% 0.40%

Park Blue Clo 2024-V Ltd, due Jul 25, 2037 0.36% 0.32%

Signal Peak CLO 5 Ltd, due Apr 25, 2037 0.35% 0.31%

Rockford Tower CLO 2022-3 Ltd, due Jul 20, 2037 0.84% 0.21%

Signal Peak CLO 9 Ltd, due Jan 21, 2038 0.37% 0.10%

Canyon Capital CLO 2019-1 Ltd, due Jul 15, 2037 0.15% 0.05%

Only in CLOI

U.S. Treasury Bills, due Jul 28, 2026 5.32%

Garrison Funding 2016 1 Ltd, due Jan 20, 2039 4.47%

Signal Peak CLO 4 Ltd, due Oct 26, 2034 2.60%

Regatta VI Funding Ltd, due Oct 20, 2038 2.56%

Ocean Trails CLO XV Ltd, due Jan 15, 2039 2.46%

CQS US Clo 6 Ltd, due Mar 31, 2039 2.44%

Neuberger Berman Loan Advisers CLO 38 Ltd, due Oct 20, 2036 1.88%

Octagon 64 Ltd, due Jul 21, 2037 1.76%

Only in PAAA

CBAMR 2017-2 LTD, due Apr 17, 2039 1.92%

REG27 2024-1AR A1R, due Jul 26, 2039 1.58%

AWPT 2021-12A A1R2, due Apr 20, 2037 1.13%

OCT28 2016-1A A1R3, due Apr 24, 2037 1.04%

CBAMR 2020-13A A1R, due Apr 20, 2039 0.99%

ELMWOOD CLO 25 LTD, due Apr 17, 2037 0.99%

NEUB 2019-33A AR2, due Apr 16, 2039 0.96%

RRAM 2023-27A A1AR, due Oct 15, 2040 0.93%

Check overlap with more funds →

On the same fields

CLOI

VanEck CLO ETF

PAAA

PGIM AAA CLO ETF

Where it sits Bond ETF Bond ETF

Issuer VanEck PGIM

What it is Actively managed Actively managed

Total return, 1 year +5.1% +4.8%

Expense ratio 0.29% 0.19%

Holdings 188 329

Net assets, as of Oct 19, 2026 $1.8bn $14.9bn

CLOI and PAAA on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About CLOI

CLOI is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +5.1% with distributions reinvested. The prospectus expense ratio is 0.29% a year.

About PAAA

PAAA is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +4.8% with distributions reinvested. The prospectus expense ratio is 0.19% a year.

Questions people ask

Which returned more over the last year, CLOI or PAAA?: In the year to Oct 20, 2026, with distributions reinvested, CLOI returned +5.1% and PAAA +4.8%.
Which is cheaper, CLOI or PAAA?: PAAA is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

CLOI vs JAAA CLOA vs CLOI CLOA vs PAAA JAAA vs PAAA

CLOI on its own →PAAA on its own →Hold both: look the portfolio through →Rankings →CLOI dividend history →CLOI holdings →PAAA dividend history →PAAA holdings →Standards and sources →

Where these figures came from

CLOI filings on SEC EDGAR ↗CLOI prospectus with the expense ratio (SEC) ↗VanEck website ↗PAAA filings on SEC EDGAR ↗PAAA prospectus with the expense ratio (SEC) ↗PGIM website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, CLOI against PAAA, data as of Oct 20, 2026. https://etfiq.com/compare/any/cloi-vs-paaa

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.