PTRB vs SPY
PTRB vs SPY
PGIM Total Return Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. PTRB offers more diversification with 724 holdings.
Side-by-Side Comparison
| Metric | PTRB | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.09% | |
| AUM | $1.1B | $789.1B | |
| Dividend Yield | 5.51% | 1.01% | |
| Holdings | 1,478 | 505 | |
| YTD Return | -0.15% | +11.49% | |
| 1Y Return | +2.36% | +21.37% | |
| 3Y Return (annualized) | +4.82% | +20.76% | |
| 5Y Return (annualized) | - | +12.94% | |
| Volatility (annualized) | 7.1% | 15.3% | |
| Max Drawdown | -19.2% | -56.5% | |
| Fund Family | PGIM Investments | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Dec 2, 2021 | Jan 22, 1993 |
PTRB vs SPY Performance
PGIM Total Return Bond ETF (PTRB) is a ETF from PGIM Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year PTRB returned +2.36% while SPY returned +21.37%. Year to date, PTRB is down 0.15% versus a gain of 11.49% for SPY.
Over three years, PTRB compounded at +4.82% per year against +20.76% for SPY. Across the full 5-year window we track, SPY has the edge at +8.78% annualized vs +0.13%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 7.1% for PTRB. 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 -19.2% for PTRB and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PTRB charges 0.49% per year while SPY charges 0.09%. On a $10,000 position that is $49 vs $9 annually, a gap of $40 per year that compounds over a long holding period. On income, PTRB currently yields 5.51% against 1.01% for SPY.
Holdings Overlap
PTRB and SPY share 1 holdings out of 1226 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PTRB | Weight in SPY | Difference |
|---|---|---|---|
| GS | 0.01% | 0.48% | 0.47% |
Frequently Asked Questions
Which is cheaper, PTRB or SPY?
PTRB has an expense ratio of 0.49% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, PTRB or SPY?
Over the past year PTRB returned +2.36% vs +21.37% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), PTRB annualized +0.13% vs +8.78% for SPY. Past performance does not guarantee future results.
Which is riskier, PTRB or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 7.1% for PTRB. Worst drawdown: PTRB -19.2% vs SPY -56.5%.
Should I hold both PTRB and SPY?
PTRB and SPY have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PTRB and SPY?
PTRB and SPY share 1 common holdings with a 0.0% weight overlap. Combined, they hold 1226 unique securities.
Which pays a higher dividend, PTRB or SPY?
PTRB yields 5.51% while SPY yields 1.01%, so PTRB currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.