Data as of Oct 28, 2026.

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BINC vs PULS: Differences, Returns & Fees

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BINC's duration was 2.9 years on Jul 31, 2026 and PULS's 0.7 on May 29, 2026; PULS charges 0.15% to BINC's 0.40%.

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Net assets on Oct 27, 2026: $16.8bn for iShares Flexible Income Active ETF and $19.8bn for PGIM Ultra Short Bond ETF.

At a glance
+0.5%
BINC total return, 1 year
+4.0%
PULS total return, 1 year
0.40%
BINC expense ratio
0.15%
PULS expense ratio

Pair scorecard

PULS costs 0.25 points a year less; their one-year returns differ by 3.5 points; PULS is 1.2 times larger.

BINC vs PULS: Differences, Returns & Fees
MeasureBINCPULS
Return
Total return, 1 year+0.5%+4.0%
Benchmark
What it tracksNo index, actively managedNo index, actively managed
Cost and size
Expense ratio0.40%0.15%
Net assets, as of Oct 27, 2026$16.8bn$19.8bn
Holdings
Holdings in common0%
In the S&P 500, by weight0%
Top ten holdings, share of the fund24.6%

Holdings in common uses holdings dated May 29, 2026 and Jul 31, 2026. Method

Risk and return

Jun 2, 2023 to Oct 23, 2026 · 177 weekly returns
BINC PULS
Return
Total return edge BINC (slight) +21.3% +19.4%
Annualized edge BINC (slight) +5.8% +5.4%
Price return edge PULS +0.2% +0.9%
Risk
Volatility edge PULS 3.1% 0.4%
Max drawdown edge PULS −2.7% −0.2%
Risk-adjusted
Sharpe edge PULS 0.37 1.62
Sortino edge PULS 0.57 2.52
Calmar edge PULS 2.20 22.11
Reading

BINC returned slightly more: +21.3% to +19.4%. PULS swung less: 0.4% to 3.1%. PULS fell less at its worst: −0.2% to −2.7%.

Full scorecard

9 measures, with how each is measured
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Risk and return: BINC vs PULS: Differences, Returns & Fees
MeasureBINCPULSEdgeHow it is measured
Return
Total return+21.3%+19.4%BINC (slight)Price change plus distributions, reinvested.
Annualized+5.8%+5.4%BINC (slight)Total return as a yearly rate.
Price return+0.2%+0.9%PULSPrice change alone, distributions left out.
Risk
Volatility3.1%0.4%PULSSpread of weekly returns, annualized. Lower is steadier.
Downside deviation2.0%0.3%PULSLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−2.7%−0.2%PULSDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.371.62PULSReturn above Treasury bills per unit of volatility.
Sortino0.572.52PULSReturn above Treasury bills per unit of downside deviation.
Calmar2.2022.11PULSAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 177 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

By the books each fund has filed, BINC and PULS hold 0% of their money in the same securities at the same weight. Holdings dated May 29, 2026 and Jul 31, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BINC PULS
HOMES 2025-NQM5 Trust, due Sep 25, 2070 0.08% 0.05%
New Residential Mortgage Loan Trust 2026-NQM3, due Feb 25, 2066 0.03% 0.05%
LCM 31 Ltd, due Jul 20, 2034 0.02% 0.06%
BRAVO Residential Funding Trust 2025-NQM2, due Nov 25, 2064 0.01% 0.13%
Verus Securitization Trust 2026-R1, due Oct 25, 2067 0.01% 0.05%
Wellfleet CLO 2021-3 Ltd, due Jan 15, 2035 0.01% 0.25%
Venture 34 CLO Ltd, due Oct 15, 2031 0.01% 0.03%
Verus Securitization Trust 2025-6, due Jul 25, 2070 0.07% 0.01%
Battalion Clo XXI Ltd, due Jul 15, 2034 0.01% 0.23%
AGL CLO 13 Ltd, due Oct 20, 2034 0.01% 0.31%
RCKT Mortgage Trust 2024-CES3, due May 25, 2044 0.01% 0.05%
CarVal CLO II Ltd, due Apr 20, 2032 0.00% 0.21%
Only in one fund ↓
Only in BINC
Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 6.83%
Uniform Mortgage-Backed Security, TBA, due Sep 1, 2056 3.48%
Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 2.35%
Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 1.57%
iShares iBoxx USD High Yield Corporate Bond ETF 1.46%
Italy Buoni Poliennali Del Tesoro, due Feb 1, 2031 1.32%
Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 1.10%
iShares iBoxx USD Investment Grade Corporate Bond ETF 1.06%
Only in PULS
PGIM AAA CLO ETF 1.81%
Phillips 66 0% CP 22/06/2026, due Jun 22, 2026 0.83%
GLENCORE FUNDING LLC 0% CP 17/06/2026, due Jun 17, 2026 0.74%
Alexandria Real Estate Equities, Inc. 0% CP 01/06/2026, due Jun 1, 2026 0.66%
INTESA SANPAOLO SPA NEW YORK BRANCH 4.27% CP 30/06/2026, due Jun 30, 2026 0.63%
ABNANV 4.718 01/22/27 144A, due Jan 22, 2027 0.57%
Healthpeak Properties Inc 0% CP 24/06/2026, due Jun 24, 2026 0.52%
BX 2022-LBA6 A, due Jan 18, 2039 0.51%
Check overlap with more funds →

Side by side

BINC iShares Flexible Income Active ETF PULS PGIM Ultra Short Bond ETF
Where it sits Bond ETF Bond ETF
Issuer iShares PGIM
What it is Actively managed Actively managed
Total return, 1 year +0.5% +4.0%
Expense ratio 0.40% 0.15%
Holdings 4690 553
Net assets, as of Oct 27, 2026 $16.8bn $19.8bn

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

Client brief · page 1 of 2 Report BR-510609CD7D

BINC and PULS do different jobs. What does each one do in a portfolio?

  1. Holdings in common. 0% of the weight is in the same securities (holdings dated Jul 31, 2026 and May 29, 2026).
  2. One-year total return. Over 1 year to Oct 28, 2026 BINC returned +0.5% and PULS +4.0% with distributions reinvested, a gap of 3.5 points.
  3. Number of holdings. BINC holds 4,690 positions and PULS holds 553.

Data as of Oct 28, 2026.

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About each fund
BINC

BINC is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +0.5% with distributions reinvested. The prospectus expense ratio is 0.40% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 4,690 positions, with the top ten at 24.6%.

PULS

PULS is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +4.0% with distributions reinvested. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, BINC or PULS?
In the year to Oct 28, 2026, with distributions reinvested, BINC returned +0.5% and PULS +4.0%.
Which is cheaper, BINC or PULS?
PULS is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, BINC against PULS, data as of Oct 28, 2026. https://etfiq.com/compare/any/binc-vs-puls

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