Data as of Oct 28, 2026.
FENI vs PULS: Differences, Returns & Fees
Over the year to Oct 28, 2026, FENI returned +14.2% to PULS's +4.0%; 0% of their weight is in the same names.
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Net assets: $11.5bn on Sep 30, 2026 for Fidelity Enhanced International ETF, and $19.8bn on Oct 27, 2026 for PGIM Ultra Short Bond ETF.
Pair scorecard
PULS costs 0.13 points a year less; their one-year returns differ by 10.2 points.
| Measure | FENI | PULS |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.2% | +4.0% |
| Drawdown | ||
| Below its high | 4.7%, high on Aug 13, 2026 | |
| Benchmark | ||
| What it tracks | No index, actively managed | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.28% | 0.15% |
| Net assets, FENI as of Sep 30, 2026 and PULS as of Oct 27, 2026 | $11.5bn | $19.8bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 0% | |
| Top ten holdings, share of the fund | 16.5% | |
Holdings in common uses holdings dated May 29, 2026 and Jun 30, 2026. Method
Risk and return
Dec 1, 2023 to Oct 23, 2026 · 151 weekly returnsFENI returned more: +68.2% to +15.6%. PULS swung less: 0.4% to 14.5%. PULS fell less at its worst: −0.2% to −11.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FENI | PULS | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +68.2% | +15.6% | FENI | Price change plus distributions, reinvested. |
| Annualized | +19.6% | +5.1% | FENI | Total return as a yearly rate. |
| Price return | +54.7% | +0.5% | FENI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 14.5% | 0.4% | PULS | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 10.2% | 0.3% | PULS | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −11.2% | −0.2% | PULS | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 1.01 | 1.46 | PULS | Return above Treasury bills per unit of volatility. |
| Sortino | 1.43 | 2.18 | PULS | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.75 | 21.15 | PULS | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 151 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FENI and PULS hold 0% of their money in the same securities at the same weight. Holdings dated May 29, 2026 and Jun 30, 2026.
half
0% in common
Only in one fund ↓
Side by side
FENI and PULS on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FENI and PULS do different jobs. What does each one do in a portfolio?
- Holdings in common. 0% of the weight is in the same securities (holdings dated Jun 30, 2026 and May 29, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 FENI returned +14.2% and PULS +4.0% with distributions reinvested, a gap of 10.2 points.
- Cost. FENI charges 0.28% of assets a year and PULS 0.15%, a gap of 0.13 points.
Data as of Oct 28, 2026.
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FENI
FENI is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +14.2% with distributions reinvested, against +12.1% for its benchmark, the MSCI EAFE Index. The prospectus expense ratio is 0.28% a year. By its holdings filed for Jun 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 386 positions, with the top ten at 16.5%. It sat 4.7% below its high of Aug 13, 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, FENI or PULS?
- In the year to Oct 28, 2026, with distributions reinvested, FENI returned +14.2% and PULS +4.0%.
- Which is cheaper, FENI or PULS?
- PULS is cheaper, by 0.13 percentage points a year. That is about $13 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, FENI against PULS, data as of Oct 28, 2026. https://etfiq.com/compare/any/feni-vs-puls
ETFIQ. (Oct 28, 2026). FENI against PULS. Retrieved from https://etfiq.com/compare/any/feni-vs-puls
[FENI against PULS (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/feni-vs-puls)
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