PINC vs SPY
PGIM Securitized Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, PINC or SPY?
Each has led over a different period.
SPY has a lower expense ratio. PINC led over 1Y and 3Y, SPY over 5Y and the full window.
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 | PINC | SPY |
|---|---|---|
| Expense Ratio | 0.39% | 0.09%Best |
| AUM | $25M | $804.7B |
| Dividend Yield | 0.77% | 0.98% |
| Holdings | 106 | 505 |
| YTD Return | -1.80% | +13.51%Best |
| 1Y Return | +77.36%Best | +18.19% |
| 3Y Return (annualized) | +34.89%Best | +23.29% |
| 5Y Return (annualized) | +7.72% | +13.21%Best |
| Volatility (annualized) | 32.8% | 14.5%Best |
| Max Drawdown | -56.7% | -34.1%Best |
| $10,000 over 5 years | $14,504 | $18,596Best |
| Fund Family | PGIM Investments | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | - | Large Cap Blend |
| Inception | Jun 1, 2026 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 26, 2013 to Sep 25, 2026 (13 years).
PINC 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 covers the 13 years both funds cover.
PINC vs SPY Performance
PGIM Securitized Income ETF (PINC) is an ETF from PGIM Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year PINC returned +77.36% while SPY returned +18.19%. Year to date, PINC is down 1.80% versus a gain of 13.51% for SPY.
Over three years, PINC compounded at +34.89% per year against +23.29% for SPY; over five years the annualized figures are +7.72% and +13.21% respectively. Across the full 13-year window we track, SPY has the edge at +13.00% annualized vs +5.01%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PINC has been the more volatile fund, with annualized monthly volatility of 32.8% compared with 14.5% for SPY. 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 -56.7% for PINC and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.16. They move largely independently of each other.
Fees and Cost Over Time
PINC charges 0.39% per year while SPY charges 0.09%. On a $10,000 position that is $39 vs $9 annually, a gap of $30 per year that compounds over a long holding period. On income, PINC currently yields 0.77% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 7 holdings in PINC and 504 in SPY, totalling 6.9% 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 7 positions we hold weights for in PINC and 504 in SPY, against full books of 106 and 505.
You are not choosing between two funds in isolation.
Whichever of PINC 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, PINC or SPY?
PINC has an expense ratio of 0.39% while SPY charges 0.09%. SPY is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, PINC or SPY?
Over the past year PINC returned +77.36% vs +18.19% for SPY, so PINC leads on 1-year performance. Over the longest common window we track (13 years), PINC annualized +5.01% vs +13.00% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PINC or SPY?
PINC has been the more volatile fund at 32.8% annualized versus 14.5% for SPY. Worst drawdown: PINC -56.7% vs SPY -34.1%.
Should I hold both PINC and SPY?
PINC and SPY have a monthly-return correlation of 0.16, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PINC or SPY?
PINC yields 0.77% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than PINC?
SPY has a lower expense ratio. PINC led over 1Y and 3Y, SPY over 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.