AAAD vs SPY
PGIM AAA CLO Aggregate Duration ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, AAAD or SPY?
Investment Grade Bond against Large Cap Blend.
SPY has a lower expense ratio.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AAAD | SPY |
|---|---|---|
| Expense Ratio | 0.19% | 0.09%Best |
| AUM | $26M | $804.7B |
| Dividend Yield | 1.20% | 0.98% |
| Holdings | 36 | 505 |
| YTD Return | -1.58% | +12.99%Best |
| 1Y Return | - | +16.73% |
| 3Y Return (annualized) | - | +22.52% |
| 5Y Return (annualized) | - | +13.07% |
| Fund Family | PGIM Investments | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | Investment Grade Bond | Large Cap Blend |
| Inception | Jun 1, 2026 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
AAAD vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
AAAD vs SPY Performance
PGIM AAA CLO Aggregate Duration ETF (AAAD) is an ETF from PGIM Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, AAAD is down 1.58% versus a gain of 12.99% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
AAAD charges 0.19% per year while SPY charges 0.09%. On a $10,000 position that is $19 vs $9 annually, a gap of $10 per year that compounds over a long holding period. On income, AAAD currently yields 1.20% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 2 holdings in AAAD and 504 in SPY, totalling 97.7% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in AAAD and 504 in SPY, against full books of 36 and 505.
You are not choosing between two funds in isolation.
Whichever of AAAD and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AAAD or SPY?
AAAD has an expense ratio of 0.19% while SPY charges 0.09%. SPY is the cheaper option, by $10 a year on a $10,000 investment.
Which pays a higher dividend, AAAD or SPY?
AAAD yields 1.20% while SPY yields 0.98%, so AAAD currently pays the higher dividend yield.
Is SPY better than AAAD?
SPY has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.