PJFV vs SPY
PGIM Jennison Focused Value ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, PJFV or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. PJFV led over 1Y, 3Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 41.1%.
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 | PJFV | SPY |
|---|---|---|
| Expense Ratio | 0.33% | 0.09%Best |
| AUM | $162M | $811.2B |
| Dividend Yield | 0.57% | 0.98% |
| Holdings | 37 | 1,515 |
| YTD Return | +19.06%Best | +12.70% |
| 1Y Return | +25.67%Best | +15.53% |
| 3Y Return (annualized) | +25.48%Best | +22.86% |
| 5Y Return (annualized) | - | +13.47% |
| Volatility (annualized) | 11.8%Best | 12.4% |
| Max Drawdown | -18.1%Best | -18.8% |
| $10,000 over 3.8 years | $20,550Best | $20,159 |
| Top 10 Weight | 41.1% | 38.2%Best |
| Fund Family | PGIM Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Dec 12, 2022 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Dec 14, 2022 to Oct 1, 2026 (3.8 years).
PJFV 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 3.8 years both funds cover.
PJFV vs SPY Performance
PGIM Jennison Focused Value ETF (PJFV) 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 PJFV returned +25.67% while SPY returned +15.53%. Year to date, PJFV is up 19.06% versus a gain of 12.70% for SPY.
Over three years, PJFV compounded at +25.48% per year against +22.86% for SPY. Across the full 4-year window we track, PJFV has the edge at +20.87% annualized vs +20.26%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.4% compared with 11.8% for PJFV. 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 -18.1% for PJFV and -18.8% 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PJFV charges 0.33% per year while SPY charges 0.09%. On a $10,000 position that is $33 vs $9 annually, a gap of $24 per year that compounds over a long holding period. On income, PJFV currently yields 0.57% against 0.98% for SPY.
Holdings Overlap
80.3% of PJFV's money is in holdings SPY also owns. 34.6% of SPY's money is in holdings PJFV also owns.
Most of PJFV is already inside SPY. Owning both mostly buys the same companies twice.
28 positions in common, counted across the 35 positions we hold weights for in PJFV and 504 in SPY, against full books of 37 and 1,515.
What only one of them owns
Our book lists 469 positions for SPY that do not appear in our book for PJFV (64.7% of the fund), and 3 for PJFV that do not appear in SPY (8.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in PJFV | Weight in SPY | Difference |
|---|---|---|---|
| AAPLApple, Inc | 5.61% | 7.45% | 1.84% |
| MSFTMicrosoft Corp | 6.00% | 5.71% | 0.29% |
| AMZNAmazon.Com Inc | 4.74% | 3.78% | 0.96% |
| GOOGLAlphabet Inc,class A | 2.97% | 3.12% | 0.15% |
| JPMJpmorgan Chase | 4.56% | 1.43% | 3.13% |
| XOMExxon Mobil Corp. | 4.04% | 1.04% | 3.00% |
| METAMeta Platforms Inc | 2.10% | 2.22% | 0.12% |
| WMTWalmart, Inc. | 3.49% | 0.73% | 2.76% |
| LLYEli Lilly & Co. | 2.72% | 1.37% | 1.35% |
| AMDAdvanced Micro Devices Inc | 2.39% | 1.22% | 1.17% |
80.3% of PJFV is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PJFV or SPY?
PJFV has an expense ratio of 0.33% while SPY charges 0.09%. SPY is the cheaper option, by $24 a year on a $10,000 investment.
Which performed better, PJFV or SPY?
Over the past year PJFV returned +25.67% vs +15.53% for SPY, so PJFV leads on 1-year performance. Over the longest common window we track (4 years), PJFV annualized +20.87% vs +20.26% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PJFV or SPY?
SPY has been the more volatile fund at 12.4% annualized versus 11.8% for PJFV. Worst drawdown: PJFV -18.1% vs SPY -18.8%.
Should I hold both PJFV and SPY?
PJFV and SPY have a monthly-return correlation of 0.87, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between PJFV and SPY?
80.3% of PJFV's money is in holdings SPY also owns. 34.6% of SPY's is in holdings PJFV also owns. They hold 28 positions in common, counted across the 35 positions we hold weights for in PJFV and 504 in SPY.
Which pays a higher dividend, PJFV or SPY?
PJFV yields 0.57% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than PJFV?
SPY has a lower expense ratio. PJFV led over 1Y, 3Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 41.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.