PBJA vs QQQ
PGIM S&P 500 Buffer 20 ETF - January vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | PBJA | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.18% | |
| AUM | $63M | $455.8B | |
| Dividend Yield | 0.00% | 0.41% | |
| Holdings | 7 | 108 | |
| YTD Return | +6.33% | +19.68% | |
| 1Y Return | +10.81% | +26.75% | |
| 3Y Return (annualized) | - | +26.25% | |
| 5Y Return (annualized) | - | +15.39% | |
| Volatility (annualized) | 4.4% | 30.6% | |
| Max Drawdown | -8.5% | -83.0% | |
| Fund Family | PGIM Investments | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 29, 2023 | Mar 10, 1999 |
PBJA vs QQQ Performance
PGIM S&P 500 Buffer 20 ETF - January (PBJA) is a ETF from PGIM Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PBJA returned +10.81% while QQQ returned +26.75%. Year to date, PBJA is up 6.33% versus a gain of 19.68% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 4.4% for PBJA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -8.5% for PBJA and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PBJA charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, PBJA currently yields 0.00% against 0.41% for QQQ.
Frequently Asked Questions
Which is cheaper, PBJA or QQQ?
PBJA has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, PBJA or QQQ?
Over the past year PBJA returned +10.81% vs +26.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), PBJA annualized +11.10% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, PBJA or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 4.4% for PBJA. Worst drawdown: PBJA -8.5% vs QQQ -83.0%.
Should I hold both PBJA and QQQ?
PBJA and QQQ have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, PBJA or QQQ?
PBJA yields 0.00% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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