PBL vs. SPY
Compare and contrast key facts about PGIM Portfolio Ballast ETF (PBL) and SPDR S&P 500 ETF (SPY).
PBL and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PBL is an actively managed fund by PGIM. It was launched on Dec 12, 2022. 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: PBL or SPY.
Correlation
The correlation between PBL and SPY is 0.96, 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.
Performance
PBL vs. SPY - Performance Comparison
Key characteristics
PBL:
1.85
SPY:
1.91
PBL:
2.54
SPY:
2.57
PBL:
1.34
SPY:
1.35
PBL:
3.08
SPY:
2.88
PBL:
10.59
SPY:
11.96
PBL:
1.65%
SPY:
2.03%
PBL:
9.46%
SPY:
12.68%
PBL:
-7.88%
SPY:
-55.19%
PBL:
-0.33%
SPY:
0.00%
Returns By Period
In the year-to-date period, PBL achieves a 3.19% return, which is significantly lower than SPY's 4.34% return.
PBL
3.19%
1.71%
7.04%
17.11%
N/A
N/A
SPY
4.34%
2.33%
10.15%
23.99%
14.44%
13.21%
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PBL vs. SPY - Expense Ratio Comparison
PBL has a 0.45% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PBL vs. SPY — Risk-Adjusted Performance Rank
PBL
SPY
PBL vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Portfolio Ballast ETF (PBL) 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.
Dividends
PBL vs. SPY - Dividend Comparison
PBL's dividend yield for the trailing twelve months is around 6.68%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBL PGIM Portfolio Ballast ETF | 6.68% | 6.89% | 7.92% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PBL vs. SPY - Drawdown Comparison
The maximum PBL drawdown since its inception was -7.88%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PBL and SPY. For additional features, visit the drawdowns tool.
Volatility
PBL vs. SPY - Volatility Comparison
The current volatility for PGIM Portfolio Ballast ETF (PBL) is 2.35%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.13%. This indicates that PBL 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.