Correlation
The correlation between PBJA and SPY is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
PBJA vs. SPY
Compare and contrast key facts about PGIM US Large-Cap Buffer 20 ETF - January (PBJA) and SPDR S&P 500 ETF (SPY).
PBJA and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PBJA is an actively managed fund by PGIM. It was launched on Dec 29, 2023. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PBJA or SPY.
Performance
PBJA vs. SPY - Performance Comparison
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Key characteristics
PBJA:
0.98
SPY:
0.70
PBJA:
1.39
SPY:
1.02
PBJA:
1.25
SPY:
1.15
PBJA:
0.92
SPY:
0.68
PBJA:
4.26
SPY:
2.57
PBJA:
1.83%
SPY:
4.93%
PBJA:
8.37%
SPY:
20.42%
PBJA:
-8.50%
SPY:
-55.19%
PBJA:
-0.28%
SPY:
-3.55%
Returns By Period
In the year-to-date period, PBJA achieves a 1.62% return, which is significantly higher than SPY's 0.87% return.
PBJA
1.62%
2.90%
2.22%
7.83%
N/A
N/A
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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PBJA vs. SPY - Expense Ratio Comparison
PBJA has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PBJA vs. SPY — Risk-Adjusted Performance Rank
PBJA
SPY
PBJA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM US Large-Cap Buffer 20 ETF - January (PBJA) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
PBJA vs. SPY - Dividend Comparison
PBJA has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.22%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBJA PGIM US Large-Cap Buffer 20 ETF - January | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PBJA vs. SPY - Drawdown Comparison
The maximum PBJA drawdown since its inception was -8.50%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PBJA and SPY.
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Volatility
PBJA vs. SPY - Volatility Comparison
The current volatility for PGIM US Large-Cap Buffer 20 ETF - January (PBJA) is 2.19%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that PBJA experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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