PJIO vs SPY
PGIM Jennison Focused International Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, PJIO or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 52.7%.
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 | PJIO | SPY |
|---|---|---|
| Expense Ratio | 0.54% | 0.09%Best |
| AUM | $59M | $804.7B |
| Dividend Yield | 0.19% | 0.98% |
| Holdings | 49 | 505 |
| YTD Return | -0.24% | +12.47%Best |
| 1Y Return | -2.74% | +17.51%Best |
| 3Y Return (annualized) | - | +21.18% |
| 5Y Return (annualized) | - | +12.88% |
| Volatility (annualized) | 18.4% | 11.8%Best |
| Max Drawdown | -19.4% | -18.8%Best |
| $10,000 over 2.7 years | $12,371 | $16,489Best |
| Top 10 Weight | 52.7% | 38.0%Best |
| Fund Family | PGIM Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Dec 14, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Dec 19, 2023 to Sep 11, 2026 (2.7 years).
PJIO 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 2.7 years both funds cover.
PJIO vs SPY Performance
PGIM Jennison Focused International Equity ETF (PJIO) 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 PJIO returned -2.74% while SPY returned +17.51%. Year to date, PJIO is down 0.24% versus a gain of 12.47% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PJIO has been the more volatile fund, with annualized monthly volatility of 18.4% compared with 11.8% 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 -19.4% for PJIO 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 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PJIO charges 0.54% per year while SPY charges 0.09%. On a $10,000 position that is $54 vs $9 annually, a gap of $45 per year that compounds over a long holding period. On income, PJIO currently yields 0.19% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 26 holdings in PJIO and 504 in SPY, totalling 98.5% and 100.0% 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 26 positions we hold weights for in PJIO and 504 in SPY, against full books of 49 and 505.
What only one of them owns
Our book lists 494 positions for SPY that do not appear in our book for PJIO (99.5% of the fund), and 2 for PJIO that do not appear in SPY (5.2%).
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.
You are not choosing between two funds in isolation.
Whichever of PJIO 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, PJIO or SPY?
PJIO has an expense ratio of 0.54% while SPY charges 0.09%. SPY is the cheaper option, by $45 a year on a $10,000 investment.
Which performed better, PJIO or SPY?
Over the past year PJIO returned -2.74% vs +17.51% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PJIO or SPY?
PJIO has been the more volatile fund at 18.4% annualized versus 11.8% for SPY. Worst drawdown: PJIO -19.4% vs SPY -18.8%.
Should I hold both PJIO and SPY?
PJIO and SPY have a monthly-return correlation of 0.68, 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, PJIO or SPY?
PJIO yields 0.19% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than PJIO?
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 52.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.