Data as of Oct 28, 2026.

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PBMR vs SPYM: Differences, Returns & Fees

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Over the year to Oct 28, 2026, PBMR returned +9.8% to SPYM's +13.7%, and SPYM charges 0.02% to PBMR's 0.50%.

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Net assets: $38m on Oct 28, 2026 for PGIM S&P 500 Buffer 20 ETF - March , and $185.0bn on Oct 27, 2026 for State Street SPDR Portfolio S&P 500 ETF.

At a glance
+9.8%
PBMR total return, 1 year
+13.7%
SPYM total return, 1 year
0.50%
PBMR expense ratio
0.02%
SPYM expense ratio

Pair scorecard

SPYM costs 0.48 points a year less; their one-year returns differ by 3.9 points; SPYM is far larger, $185.0bn against $38m.

PBMR vs SPYM: Differences, Returns & Fees
MeasurePBMRSPYM
Return
Total return, 1 year+9.8%+13.7%
Drawdown
Index fall to the buffer11.2%
Fund price fall to the buffer6.9%
Benchmark
What it tracksSPYS&P 500 Index
The outcome period
Buffer left, in index points20.0% of 20.0%
Days left in the period123
Period endsFeb 28, 2027
Cost and size
Expense ratio0.50%0.02%
Net assets, as of Oct 27, 2026$38m$185.0bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight100%
Top ten holdings, share of the fund38.1%

Method

Side by side

PBMR PGIM S&P 500 Buffer 20 ETF - March SPYM State Street SPDR Portfolio S&P 500 ETF
Where it sits Buffer ETF Stock ETF
What it is Defined outcome, 20% on SPY Tracks the S&P 500
Total return, 1 year +9.8% +13.7%
Its benchmark over the same days +12.4% (SPY) +13.7% (IVV)
Gap to its benchmark −2.6 pts vs SPY 0.0 pts vs IVV
Expense ratio 0.50% 0.02%
Holdings not read by ETFIQ 506
Net assets, PBMR as of Oct 28, 2026 and SPYM as of Oct 27, 2026 $38m $185.0bn
Former ticker none SPLG

PBMR and SPYM on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
PBMR

SPY had already risen past this fund's cap of +10.9% for the period on Oct 28, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 3.3% as the period runs out.

The fund's price can fall 6.9% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 11.2% from today's level to the point where the buffer begins. Protection left, in index points: 20.0% of the 20.0% buffer still sits below today's SPY level. 123 days remained on Oct 28, 2026. On Feb 28, 2027 the period ends and a new cap is set.

SPYM

SPYM tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.02% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 506 positions, with the top ten at 38.1%.

Questions people ask

Are PBMR and SPYM in the same category?
PBMR is a buffer ETF and SPYM is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, PBMR or SPYM?
In the year to Oct 28, 2026, with distributions reinvested, PBMR returned +9.8% and SPYM +13.7%.
Which is cheaper, PBMR or SPYM?
SPYM is cheaper, by 0.48 percentage points a year. That is about $48 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, PBMR against SPYM, data as of Oct 28, 2026. https://etfiq.com/compare/any/pbmr-vs-spym

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