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Data as of Oct 28, 2026.

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PQXX vs SPY: Differences, Returns & Fees

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PQXX and SPY are measured over different days, and SPY charges 0.09% to PQXX's 0.50%.

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Net assets: $3.6m on Oct 28, 2026 for PGIM S&P 500 Quarterly Buffer 20 ETF, and $814.8bn on Oct 27, 2026 for SPDR S&P 500 ETF Trust.

PQXX on its own →SPY on its own →
At a glance
+2.5%
PQXX total return, since launch, Jul 1, 2026
+13.6%
SPY total return, 1 year
0.50%
PQXX expense ratio
0.09%
SPY expense ratio

Pair scorecard

SPY costs 0.41 points a year less; SPY is far larger, $814.8bn against $3.6m.

PQXX vs SPY: Differences, Returns & Fees
MeasurePQXXSPY
Return
Total return, 1 yearnot published+13.6%
Drawdown
Index fall to the buffer1.3%
Fund price fall to the buffer0.7%
Benchmark
What it tracksSPYS&P 500 Index
The outcome period
Room to the cap1.8%
Buffer left, in index points20.0% of 20.0%
Days left in the period64
Period endsDec 31, 2026
Cost and size
Expense ratio0.50%0.09%
Net assets, as of Oct 27, 2026$3.6m$814.8bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight100%
Top ten holdings, share of the fund38.1%

Method

Side by side

PQXX PGIM S&P 500 Quarterly Buffer 20 ETF SPY SPDR S&P 500 ETF Trust
Where it sits Buffer ETF Stock ETF
Issuer PGIM State Street
What it is Defined outcome, 20% on SPY Tracks the S&P 500
Total return, 1 year +2.5% (since launch, Jul 1, 2026) +13.6%
Its benchmark over the same days +3.6% (SPY) (since launch, Jul 1, 2026) +13.7% (VOO)
Gap to its benchmark −1.1 pts vs SPY (since launch, Jul 1, 2026) −0.1 pts vs VOO
Expense ratio 0.50% 0.09%
Holdings not read by ETFIQ 504
Net assets, PQXX as of Oct 28, 2026 and SPY as of Oct 27, 2026 $3.6m $814.8bn

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

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About each fund
PQXX

From its price on Oct 28, 2026, the fund can gain about 1.8% more before it reaches its cap. The fund's price can fall 0.7% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.3% 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. 64 days remained on Oct 28, 2026. On Dec 31, 2026 the period ends and a new cap is set.

SPY

SPY tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.6% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.09% 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 504 positions, with the top ten at 38.1%.

Questions people ask

Are PQXX and SPY in the same category?
PQXX is a buffer ETF and SPY is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which is cheaper, PQXX or SPY?
SPY is cheaper, by 0.41 percentage points a year. That is about $41 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
IVV vs PQXXPQXX vs VOOPQXX vs SPYMAUGC vs SPYCAUG vs SPYCTJN vs SPYCJUL vs SPYCTAU vs SPY
Where to next
PQXX on its own →SPY on its own →Hold both: look the portfolio through →Rankings →SPY dividend history →SPY holdings →Standards and sources →
Sources and dates
PQXX filings on SEC EDGAR ↗
PGIM website ↗
SPY filings on SEC EDGAR ↗
State Street website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

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ETFIQ, PQXX against SPY, data as of Oct 28, 2026. https://etfiq.com/compare/any/pqxx-vs-spy

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