PJBF vs VYM
PGIM Jennison Better Future ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | PJBF | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.04% | |
| AUM | $11M | $79.0B | |
| Dividend Yield | 0.21% | 2.86% | |
| Holdings | 44 | 568 | |
| YTD Return | +7.20% | +16.10% | |
| 1Y Return | +11.43% | +25.99% | |
| 3Y Return (annualized) | - | +18.29% | |
| 5Y Return (annualized) | - | +12.35% | |
| Volatility (annualized) | 18.2% | 14.6% | |
| Max Drawdown | -25.7% | -58.8% | |
| Fund Family | PGIM Investments | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 14, 2023 | Nov 10, 2006 |
PJBF vs VYM Performance
PGIM Jennison Better Future ETF (PJBF) is a ETF from PGIM Investments and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year PJBF returned +11.43% while VYM returned +25.99%. Year to date, PJBF is up 7.20% versus a gain of 16.10% for VYM.
Risk: Volatility and Drawdowns
PJBF has been the more volatile fund, with annualized monthly volatility of 18.2% compared with 14.6% for VYM. 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 -58.8% for VYM. 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 0.37. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PJBF charges 0.59% per year while VYM charges 0.04%. On a $10,000 position that is $59 vs $4 annually, a gap of $55 per year that compounds over a long holding period. On income, PJBF currently yields 0.21% against 2.86% for VYM.
Holdings Overlap
PJBF and VYM share 1 holdings out of 594 unique holdings combined, representing a 1.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PJBF | Weight in VYM | Difference |
|---|---|---|---|
| AVGO | 1.75% | 6.47% | 4.72% |
Frequently Asked Questions
Which is cheaper, PJBF or VYM?
PJBF has an expense ratio of 0.59% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $55 per year of difference.
Which performed better, PJBF or VYM?
Over the past year PJBF returned +11.43% vs +25.99% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), PJBF annualized +11.98% vs +7.08% for VYM. Past performance does not guarantee future results.
Which is riskier, PJBF or VYM?
PJBF has been the more volatile fund at 18.2% annualized versus 14.6% for VYM. Worst drawdown: PJBF -25.7% vs VYM -58.8%.
Should I hold both PJBF and VYM?
PJBF and VYM have a monthly-return correlation of 0.37, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PJBF and VYM?
PJBF and VYM share 1 common holdings with a 1.8% weight overlap. Combined, they hold 594 unique securities.
Which pays a higher dividend, PJBF or VYM?
PJBF yields 0.21% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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