Data as of Oct 28, 2026.

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PMDE vs SPYM: Differences, Returns & Fees

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PMDE and SPYM are measured over different days, and SPYM charges 0.02% to PMDE's 0.50%.

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Net assets: $9.2m on Oct 28, 2026 for PGIM S&P 500 Max Buffer ETF - December, and $185.0bn on Oct 27, 2026 for State Street SPDR Portfolio S&P 500 ETF.

At a glance
+5.6%
PMDE total return, since launch, Dec 1, 2025
+13.7%
SPYM total return, 1 year
0.50%
PMDE expense ratio
0.02%
SPYM expense ratio

Pair scorecard

SPYM costs 0.48 points a year less; SPYM is far larger, $185.0bn against $9.2m.

PMDE vs SPYM: Differences, Returns & Fees
MeasurePMDESPYM
Return
Total return, 1 yearnot published+13.7%
Drawdown
Index fall to the buffer11.5%
Fund price fall to the buffer5.8%
Benchmark
What it tracksSPYS&P 500 Index
The outcome period
Buffer left, in index points100.0% of 100.0%
Days left in the period33
Period endsNov 30, 2026
Cost and size
Expense ratio0.50%0.02%
Net assets, as of Oct 27, 2026$9.2m$185.0bn
Holdings
Holdings in commonnot published
Top ten holdings, share of the fund38.1%

Method

Side by side

PMDE PGIM S&P 500 Max Buffer ETF - December SPYM State Street SPDR Portfolio S&P 500 ETF
Where it sits Buffer ETF Stock ETF
What it is Defined outcome, 100% on SPY Tracks the S&P 500
Total return, 1 year +5.6% (since launch, Dec 1, 2025) +13.7%
Its benchmark over the same days +13.5% (SPY) (since launch, Dec 1, 2025) +13.7% (IVV)
Gap to its benchmark −7.9 pts vs SPY (since launch, Dec 1, 2025) 0.0 pts vs IVV
Expense ratio 0.50% 0.02%
Holdings not read by ETFIQ 506
Net assets, PMDE as of Oct 28, 2026 and SPYM as of Oct 27, 2026 $9.2m $185.0bn
Former ticker none SPLG

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

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About each fund
PMDE

SPY had already risen past this fund's cap of +7.0% 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 0.8% as the period runs out.

The fund's price can fall 5.8% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 11.5% from today's level to the point where the buffer begins. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level. 33 days remained on Oct 28, 2026. On Nov 30, 2026 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 PMDE and SPYM in the same category?
PMDE 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 is cheaper, PMDE 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, PMDE against SPYM, data as of Oct 28, 2026. https://etfiq.com/compare/any/pmde-vs-spym

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