Data as of Oct 28, 2026.

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BOND vs PULS: Differences, Returns & Fees

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Over the year to Oct 28, 2026, BOND returned −1.4% to PULS's +4.0%, and PULS charges 0.15% to BOND's 0.54%.

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Net assets: $8.3bn on Jun 30, 2026 for PIMCO Active Bond Exchange-Traded Fund, and $19.8bn on Oct 27, 2026 for PGIM Ultra Short Bond ETF.

At a glance
−1.4%
BOND total return, 1 year
+4.0%
PULS total return, 1 year
0.54%
BOND expense ratio
0.15%
PULS expense ratio

Pair scorecard

PULS costs 0.39 points a year less; their one-year returns differ by 5.4 points.

BOND vs PULS: Differences, Returns & Fees
MeasureBONDPULS
Return
Total return, 1 year−1.4%+4.0%
Drawdown
Below its high3.1%, high on Feb 27, 2026
Benchmark
What it tracksNo index, actively managedNo index, actively managed
Cost and size
Expense ratio0.54%0.15%
Net assets, BOND as of Jun 30, 2026 and PULS as of Oct 27, 2026$8.3bn$19.8bn
Holdings
Holdings in common1%

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

Risk and return

Apr 20, 2018 to Oct 23, 2026 · 444 weekly returns
BOND PULS
Return
Total return edge PULS +18.8% +32.2%
Annualized edge PULS +2.0% +3.3%
Price return edge PULS −14.1% −0.9%
Risk
Volatility edge PULS 5.7% 1.9%
Max drawdown edge PULS −19.5% −5.9%
Risk-adjusted
Sharpe edge PULS −0.11 0.27
Sortino edge PULS −0.14 0.32
Calmar edge PULS 0.10 0.57
Reading

PULS returned more: +32.2% to +18.8%. PULS swung less: 1.9% to 5.7%. PULS fell less at its worst: −5.9% to −19.5%.

Full scorecard

9 measures, with how each is measured
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Risk and return: BOND vs PULS: Differences, Returns & Fees
MeasureBONDPULSEdgeHow it is measured
Return
Total return+18.8%+32.2%PULSPrice change plus distributions, reinvested.
Annualized+2.0%+3.3%PULSTotal return as a yearly rate.
Price return−14.1%−0.9%PULSPrice change alone, distributions left out.
Risk
Volatility5.7%1.9%PULSSpread of weekly returns, annualized. Lower is steadier.
Downside deviation4.3%1.6%PULSLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−19.5%−5.9%PULSDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe−0.110.27PULSReturn above Treasury bills per unit of volatility.
Sortino−0.140.32PULSReturn above Treasury bills per unit of downside deviation.
Calmar0.100.57PULSAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 444 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

1%

By the books each fund has filed, BOND and PULS hold 1% of their money in the same securities at the same weight. Holdings dated May 29, 2026 and Jun 30, 2026.

0 half 100%

half

1% in common

Positions both hold · largest shared weight first BOND PULS
BMO Mortgage Trust, due Feb 15, 2057 0.16% 0.20%
OneMain Financial Issuance Trust, due Sep 15, 2036 0.12% 0.22%
Salesforce, Inc., due Mar 15, 2028 0.08% 0.32%
Avis Budget Rental Car Funding AESOP LLC, due Feb 22, 2028 0.06% 0.12%
Fidelity National Information Services, Inc., due Mar 10, 2029 0.06% 0.15%
RCKT Mortgage Trust, due Jan 25, 2056 0.05% 0.05%
Silver Rock CLO II Ltd., due Jan 20, 2035 0.04% 0.26%
RCKT Mortgage Trust, due Nov 25, 2055 0.04% 0.06%
Trinitas CLO VI Ltd., due Jan 25, 2034 0.03% 0.30%
Cross Mortgage Trust, due Nov 25, 2070 0.03% 0.14%
RCKT Mortgage Trust, due Jun 25, 2044 0.03% 0.03%
Bank5, due Jun 15, 2057 0.03% 0.25%
Only in one fund ↓
Only in BOND
Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 5.56%
PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund 4.07%
Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 3.46%
U.S. Treasury Bonds, due Feb 15, 2043 3.39%
Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 2.73%
U.S. Treasury Bonds, due Nov 15, 2045 2.57%
Uniform Mortgage-Backed Security, TBA, due Sep 1, 2056 2.54%
Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 2.27%
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%
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Side by side

BOND PIMCO Active Bond Exchange-Traded Fund PULS PGIM Ultra Short Bond ETF
Where it sits Bond ETF Bond ETF
Issuer PIMCO PGIM
What it is Actively managed Actively managed
Total return, 1 year −1.4% +4.0%
Its benchmark over the same days −1.4% (AGG) not measured
Gap to its benchmark 0.0 pts vs AGG not measured
Expense ratio 0.54% 0.15%
Holdings 1565 553
Net assets, BOND as of Jun 30, 2026 and PULS as of Oct 27, 2026 $8.3bn $19.8bn

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

Client brief · page 1 of 2 Report BR-31FD2F4819

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

  1. Holdings in common. 1% of the weight is in the same securities (holdings dated Jun 30, 2026 and May 29, 2026).
  2. One-year total return. Over 1 year to Oct 28, 2026 BOND returned −1.4% and PULS +4.0% with distributions reinvested, a gap of 5.4 points.
  3. Cost. BOND charges 0.54% of assets a year and PULS 0.15%, a gap of 0.39 points.

Data as of Oct 28, 2026.

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About each fund
BOND

BOND is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −1.4% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Index. The prospectus expense ratio is 0.54% a year. It sat 3.1% below its high of Feb 27, 2026 on Oct 28, 2026.

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, BOND or PULS?
In the year to Oct 28, 2026, with distributions reinvested, BOND returned −1.4% and PULS +4.0%.
Which is cheaper, BOND or PULS?
PULS is cheaper, by 0.39 percentage points a year. That is about $39 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, BOND against PULS, data as of Oct 28, 2026. https://etfiq.com/compare/any/bond-vs-puls

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