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BILS vs PULS: Differences, Returns & Fees

BILS's duration was 0.4 years on Jun 30, 2026 and PULS's 0.7 on May 29, 2026; BILS charges 0.14% to PULS's 0.15%. Net assets: $3.9bn on Oct 20, 2026 for State Street SPDR Bloomberg 3-12 Month T-Bill ETF, and $19.8bn on Oct 19, 2026 for PGIM Ultra Short Bond ETF.

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Answers cite the figures on this page.

BILS costs 0.01 points a year less; their one-year returns differ by 0.5 points; PULS is 5.0 times larger.

BILS vs PULS: Differences, Returns & Fees
BILSPULS
Expense ratio0.14%0.15%
Net assets, as of Oct 19, 2026$3.9bn$19.8bn
Total return, 1 year+3.6%+4.1%
What it tracksnot read by ETFIQNo index, actively managed
Holdings in commonreport dates differ

Holdings in common uses holdings dated May 29, 2026 and Jun 30, 2026.

+3.6%
BILS total return, 1 year
+4.1%
PULS total return, 1 year
0.14%
BILS expense ratio
0.15%
PULS expense ratio

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Client brief · page 1 of 2Report BR-9B6B761482

BILS and PULS are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. BILS follows not read by ETFIQ and PULS follows No index, actively managed.
  2. Number of holdings. BILS holds 23 positions and PULS holds 553.
  3. Size. BILS has $3.9bn in net assets and PULS $19.8bn (net assets, as of Oct 19, 2026); PULS is 5.1 times larger.

Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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On the same fields

BILS
State Street SPDR Bloomberg 3-12 Month T-Bill ETF
PULS
PGIM Ultra Short Bond ETF
Where it sits Bond ETF Bond ETF
Issuer State Street PGIM
What it is Tracks an index Actively managed
Total return, 1 year +3.6% +4.1%
Expense ratio 0.14% 0.15%
Holdings 23 553
Net assets, BILS as of Oct 20, 2026 and PULS as of Oct 19, 2026 $3.9bn $19.8bn

BILS and PULS on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About BILS

BILS tracks an index. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested. The prospectus expense ratio is 0.14% a year.

About PULS

PULS is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +4.1% with distributions reinvested. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, BILS or PULS?
In the year to Oct 20, 2026, with distributions reinvested, BILS returned +3.6% and PULS +4.1%.
Which is cheaper, BILS or PULS?
BILS is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
BILS vs VBILBILS vs FLOTBILS vs JPSTBILS vs ICSHGSY vs PULSIBDS vs PULSFLTR vs PULSBSCR vs PULS
BILS on its own →PULS on its own →Hold both: look the portfolio through →Rankings →BILS dividend history →BILS holdings →PULS dividend history →PULS holdings →Standards and sources →
Where these figures came from
BILS filings on SEC EDGAR ↗BILS prospectus with the expense ratio (SEC) ↗State Street website ↗PULS filings on SEC EDGAR ↗PULS prospectus with the expense ratio (SEC) ↗PGIM website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, BILS against PULS, data as of Oct 20, 2026. https://etfiq.com/compare/any/bils-vs-puls

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Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.