PJBF vs SPY
PGIM Jennison Better Future ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | PJBF | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.09% | |
| AUM | $11M | $789.1B | |
| Dividend Yield | 0.21% | 1.01% | |
| Holdings | 44 | 505 | |
| YTD Return | +7.20% | +13.39% | |
| 1Y Return | +11.43% | +22.52% | |
| 3Y Return (annualized) | - | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 18.2% | 15.3% | |
| Max Drawdown | -25.7% | -56.5% | |
| Fund Family | PGIM Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 14, 2023 | Jan 22, 1993 |
PJBF vs SPY Performance
PGIM Jennison Better Future ETF (PJBF) is a ETF from PGIM Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year PJBF returned +11.43% while SPY returned +22.52%. Year to date, PJBF is up 7.20% versus a gain of 13.39% for SPY.
Risk: Volatility and Drawdowns
PJBF has been the more volatile fund, with annualized monthly volatility of 18.2% compared with 15.3% 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 -25.7% for PJBF and -56.5% for SPY. 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PJBF charges 0.59% per year while SPY charges 0.09%. On a $10,000 position that is $59 vs $9 annually, a gap of $50 per year that compounds over a long holding period. On income, PJBF currently yields 0.21% against 1.01% for SPY.
Holdings Overlap
PJBF and SPY share 18 holdings out of 522 unique holdings combined, representing a 26.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PJBF or SPY?
PJBF has an expense ratio of 0.59% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $50 per year of difference.
Which performed better, PJBF or SPY?
Over the past year PJBF returned +11.43% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), PJBF annualized +11.98% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, PJBF or SPY?
PJBF has been the more volatile fund at 18.2% annualized versus 15.3% for SPY. Worst drawdown: PJBF -25.7% vs SPY -56.5%.
Should I hold both PJBF and SPY?
PJBF and SPY have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PJBF and SPY?
PJBF and SPY share 18 common holdings with a 26.6% weight overlap. Combined, they hold 522 unique securities.
Which pays a higher dividend, PJBF or SPY?
PJBF yields 0.21% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.