PJSM vs SPY
PGIM Jennison Small-Mid Cap Core Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, PJSM or SPY?
Small Cap Blend against Large Cap Blend.
SPY has a lower expense ratio. PJSM is less concentrated, with 18.4% of the fund in its ten largest positions against 38.2%.
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 | PJSM | SPY |
|---|---|---|
| Expense Ratio | 0.29% | 0.09%Best |
| AUM | $6M | $823.2B |
| Dividend Yield | 0.00% | 0.99% |
| Holdings | 249 | 1,515 |
| YTD Return | -5.15% | +13.53%Best |
| 1Y Return | - | +17.47% |
| 3Y Return (annualized) | - | +22.36% |
| 5Y Return (annualized) | - | +13.21% |
| Top 10 Weight | 18.4%Best | 38.2% |
| Fund Family | PGIM Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Blend |
| Inception | Sep 1, 2026 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
PJSM 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
PJSM vs SPY Performance
PGIM Jennison Small-Mid Cap Core Equity ETF (PJSM) is an ETF from PGIM Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, PJSM is down 5.15% versus a gain of 13.53% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
PJSM charges 0.29% per year while SPY charges 0.09%. On a $10,000 position that is $29 vs $9 annually, a gap of $20 per year that compounds over a long holding period. On income, PJSM currently yields 0.00% against 0.99% for SPY.
Holdings Overlap
6.4% of PJSM's money is in holdings SPY also owns. 0.3% of SPY's money is in holdings PJSM also owns.
PJSM and SPY share little of their money.
17 positions in common, counted across the 249 positions we hold weights for in PJSM and 504 in SPY, against full books of 249 and 1,515.
What only one of them owns
Our book lists 479 positions for SPY that do not appear in our book for PJSM (98.7% of the fund), and 224 for PJSM that do not appear in SPY (88.9%).
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 PJSM | Weight in SPY | Difference |
|---|---|---|---|
| HASHasbro Inc. | 0.68% | 0.02% | 0.66% |
| PNWPinnacle West Corp | 0.66% | 0.02% | 0.64% |
| HSTHost Hotels & Resorts Inc | 0.46% | 0.02% | 0.44% |
| TXTTextron Inc. | 0.43% | 0.02% | 0.41% |
| FFIVF5 Networks Inc. | 0.41% | 0.04% | 0.37% |
| AVYAvery Dennison Corp. | 0.42% | 0.02% | 0.40% |
| ITGartner Inc. | 0.40% | 0.02% | 0.38% |
| HIIHuntington Ingalls Industries Inc. | 0.40% | 0.02% | 0.38% |
| JKHYJack Henry & Associates Inc | 0.38% | 0.02% | 0.36% |
| FRTFederal Realty Investment Trust | 0.36% | 0.01% | 0.35% |
You are not choosing between two funds in isolation.
Whichever of PJSM 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, PJSM or SPY?
PJSM has an expense ratio of 0.29% while SPY charges 0.09%. SPY is the cheaper option, by $20 a year on a $10,000 investment.
What is the holdings overlap between PJSM and SPY?
6.4% of PJSM's money is in holdings SPY also owns. 0.3% of SPY's is in holdings PJSM also owns. They hold 17 positions in common, counted across the 249 positions we hold weights for in PJSM and 504 in SPY.
Which pays a higher dividend, PJSM or SPY?
PJSM yields 0.00% while SPY yields 0.99%, so SPY currently pays the higher dividend yield.
Is SPY better than PJSM?
SPY has a lower expense ratio. PJSM is less concentrated, with 18.4% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.