PMAP vs SPYM
PGIM S&P 500 Max Buffer ETF - April vs State Street SPDR Portfolio S&P 500 ETF
Which is better, PMAP or SPYM?
SPYM has been ahead.
SPYM has a lower expense ratio. SPYM led over 1Y and the full window.
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 | PMAP | SPYM |
|---|---|---|
| Expense Ratio | 0.50% | 0.02%Best |
| AUM | $5M | $185.2B |
| Dividend Yield | 0.00% | 1.01% |
| Holdings | 14 | 509 |
| YTD Return | +4.90% | +13.57%Best |
| 1Y Return | +6.34% | +17.53%Best |
| 3Y Return (annualized) | - | +22.46% |
| 5Y Return (annualized) | - | +13.29% |
| Volatility (annualized) | 1.1%Best | 11.8% |
| Max Drawdown | -1.8%Best | -12.0% |
| $10,000 over 1.5 years | $11,032 | $13,852Best |
| Fund Family | PGIM Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 31, 2025 | Nov 8, 2005 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Apr 1, 2025 to Oct 14, 2026 (1.5 years).
PMAP vs SPYM 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 1.5 years both funds cover.
PMAP vs SPYM Performance
PGIM S&P 500 Max Buffer ETF - April (PMAP) is an ETF from PGIM Investments and State Street SPDR Portfolio S&P 500 ETF (SPYM) is an ETF from State Street Investment Management. Over the past year PMAP returned +6.34% while SPYM returned +17.53%. Year to date, PMAP is up 4.90% versus a gain of 13.57% for SPYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYM has been the more volatile fund, with annualized monthly volatility of 11.8% compared with 1.1% for PMAP. 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 -1.8% for PMAP and -12.0% for SPYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PMAP charges 0.50% per year while SPYM charges 0.02%. On a $10,000 position that is $50 vs $2 annually, a gap of $48 per year that compounds over a long holding period. On income, PMAP currently yields 0.00% against 1.01% for SPYM.
You are not choosing between two funds in isolation.
Whichever of PMAP and SPYM 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, PMAP or SPYM?
PMAP has an expense ratio of 0.50% while SPYM charges 0.02%. SPYM is the cheaper option, by $48 a year on a $10,000 investment.
Which performed better, PMAP or SPYM?
Over the past year PMAP returned +6.34% vs +17.53% for SPYM, so SPYM leads on 1-year performance. Over the longest common window we track (2 years), PMAP annualized +6.77% vs +24.26% for SPYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PMAP or SPYM?
SPYM has been the more volatile fund at 11.8% annualized versus 1.1% for PMAP. Worst drawdown: PMAP -1.8% vs SPYM -12.0%.
Should I hold both PMAP and SPYM?
PMAP and SPYM have a monthly-return correlation of 0.82, 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, PMAP or SPYM?
PMAP yields 0.00% while SPYM yields 1.01%, so SPYM currently pays the higher dividend yield.
Is SPYM better than PMAP?
SPYM has a lower expense ratio. SPYM led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.