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GCLO vs PAAA

Guggenheim Investment Grade CLO ETF

GCLO—NYSE Arca

PGIM AAA CLO ETF

PAAAANYSE Arca

Overlap

No data

Expense ratio

PAAA −0.16pt a year

GCLO0.35%PAAA0.19%

Avg volume · 30D

PAAA 57.4×the volume

GCLO42.6KPAAA2.44M

GCLO vs PAAA Performance

Sep 30, 2026 – Oct 30, 2026

+0.3%GCLO+0.4%PAAA

Sep 30, 2026 to Oct 30, 2026. GCLO +0.3%. PAAA +0.4%. Use the arrow keys to read each point.0%0.1%0.2%Sep 30Oct 15Oct 30
Expense ratio
GCLO 0.35%
PAAA 0.19%, better
Fund size
GCLO $60M
PAAA $15.1B
1Y total return
GCLO No data
PAAA +4.8%
Yield (12M)
GCLO No data
PAAA 5.06%
Holdings
GCLO 21
PAAA 325
Avg volume (30D)
GCLO 42.6K sh
PAAA 2.44M sh, better
NAV per share
GCLO $50.22
PAAA $51.48
52W range

ETF.net Grade

  • —GCLONot yet graded
PAAA: Cost 80, Risk 79, Mission not scored, Tradability 96, Holdings 75, Durability 87.
Pillar letters and Scores for GCLO, PAAA, with each pillar’s weight
PillarGCLOPAAA
Cost30% weightNot scoredA80
Mission25% weightNot scoredNot scored
Risk15% weightNot scoredA79
Tradability15% weightNot scoredA96
Holdings10% weightNot scoredA75
Durability5% weightNot scoredA87

Rank among Collateralized Loan Obligations (CLO) funds

How we build Categories ›

Our read on each fund

ETF.net Research

GCLO—Guggenheim Investment Grade CLO ETF

PAAAAPGIM AAA CLO ETF

In short

GCLO No data

PAAA PGIM's entry in the AAA CLO race: an actively run book of the senior-most slice of collateralized loan obligations, floating-rate, priced at 0.19%, paid out monthly. Same playbook as the category's biggest names, a hair cheaper.

Stated mandate

GCLO No data

PAAA The Fund seeks to maximize total return through current income and capital appreciation. It invests primarily in U.S. dollar-denominated AAA-rated CLOs and is actively managed rather than designed to replicate a specific index.

Why people hold it

GCLO No data

  • PAAA At 0.19%, one of the cheapest tickets into AAA CLOs, undercutting the 0.20% charged by CLOA, JAAA, FAAA and ACLO and sitting well below the category median.
  • Keeps at least 80% of investable assets in US dollar CLOs rated AAA at purchase, the tranche that stands first in line for cash from the underlying loan pool.mutualfunds.compgim.com
  • CLO coupons float, so the income stream resets with short-term rates rather than locking to a fixed coupon. Cash goes out monthly.pgim.com
  • A multi-billion-dollar fund that trades actively, with spread and execution behavior among the strongest in its peer group.

Worth knowing

GCLO No data

  • PAAA Actively managed against the JP Morgan CLOIE AAA Index, not built to match it. Holdings and results can diverge from the benchmark by design.
  • The AAA stamp sits atop a pool of leveraged loans to below-investment-grade borrowers, and up to 20% of investable assets can go outside AAA-rated CLOs.mutualfunds.com
  • Launched in 2023, so the track record is short and does not yet span a full credit cycle.

Full GCLO profile⁠

Full PAAA profile⁠

GCLO vs PAAA Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GCLO vs PAAA Cost

Overpaying GCLO vs PAAA

$3,174

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GCLO 0.35%

    $7,126

  • PAAA 0.19%

    $3,952

$10,000
30 years

Cost over time

  • GCLO 0.35%
  • PAAA 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530GCLO $7,126PAAA $3,952

Year by year

YearGCLOPAAAOverpaying
10$634$347$287
20$2,454$1,351$1,103
30$7,126$3,952$3,174

Expense ratio

  • 0.35%GCLO
  • 0.19%PAAA, cheaper
  • Middle half of Collateralized Loan Obligations (CLO) funds
  • Median 0.28%

PAAA 2nd cheapest of 34 funds

GCLO 21st cheapest of 34 funds

GCLO vs PAAA Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
GCLO No data
PAAA 5.06%
Payout (12M)
GCLO No data
PAAA $2.60
Last payment
GCLO $0.14
PAAA $0.21
Ex-dividend
GCLO Oct 5, 2026
PAAA Oct 30, 2026
Paid on
GCLO Oct 9, 2026
PAAA Pays Nov 3, 2026
Frequency
GCLO Monthly
PAAA Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

GCLOMonthly · 2 paymentsAll GCLO payments⁠
One bar per payment. 2 payments from 2023 to 2026 YTD. Sep 3, 2026 $0.06; Oct 5, 2026 $0.14. Use the arrow keys to read each point.$0$0.2520232026YTD
PAAAMonthly · 39 paymentsAll PAAA payments⁠
One bar per payment. 39 payments from 2023 to 2026 YTD. Sep 1, 2023 $0.29; Oct 2, 2023 $0.23; Nov 1, 2023 $0.29; Dec 1, 2023 $0.28; Dec 27, 2023 $0.31; Feb 1, 2024 $0.28; Mar 1, 2024 $0.27; Apr 1, 2024 $0.30; May 1, 2024 $0.27; Jun 3, 2024 $0.28; Jul 1, 2024 $0.22; Aug 1, 2024 $0.24; Sep 3, 2024 $0.24; Oct 1, 2024 $0.25; Nov 1, 2024 $0.20; Dec 2, 2024 $0.20; Dec 27, 2024 $0.25; Feb 3, 2025 $0.21; Mar 3, 2025 $0.19; Apr 1, 2025 $0.23; May 1, 2025 $0.22; Jun 2, 2025 $0.23; Jul 1, 2025 $0.22; Aug 1, 2025 $0.22; Sep 2, 2025 $0.23; Oct 1, 2025 $0.22; Nov 3, 2025 $0.22; Dec 1, 2025 $0.21; Dec 19, 2025 $0.21; Feb 2, 2026 $0.19; Mar 2, 2026 $0.19; Mar 31, 2026 $0.20; Apr 30, 2026 $0.19; May 29, 2026 $0.19; Jun 30, 2026 $0.20; Jul 31, 2026 $0.20; Aug 31, 2026 $0.20; Sep 30, 2026 $0.19; Oct 30, 2026 $0.21. Use the arrow keys to read each point.$0$0.2520232026YTD

GCLO vs PAAA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
GCLO No dataPAAA 0.7%
Return per unit of riskSharpe ratio, 3 years
GCLO No dataPAAA 2.82
Worst fallMax drawdown, 5 years
GCLO No dataPAAA −1.0%since Jul 2023
Market sensitivityBeta, 5 years
GCLO 0.00PAAA 0.03

GCLO and PAAA in the news

All news⁠

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