Data as of Oct 28, 2026.

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GLD vs PULS: Differences, Returns & Fees

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GLD is a commodity fund and PULS an actively managed short-term fund, and over the year to Oct 28, 2026, PULS returned +4.0% against +2.5%.

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Net assets on Oct 27, 2026: $135.8bn for SPDR Gold Shares and $19.8bn for PGIM Ultra Short Bond ETF.

At a glance
+2.5%
GLD total return, 1 year
+4.0%
PULS total return, 1 year
0.40%
GLD expense ratio
0.15%
PULS expense ratio

Pair scorecard

PULS costs 0.25 points a year less; their one-year returns differ by 1.5 points; GLD is 6.9 times larger.

GLD vs PULS: Differences, Returns & Fees
MeasureGLDPULS
Return
Total return, 1 year+2.5%+4.0%
Drawdown
Below its high24.7%, high on Jan 29, 2026
Benchmark
What it tracksGoldNo index, actively managed
Cost and size
Expense ratio0.40%0.15%
Net assets, as of Oct 27, 2026$135.8bn$19.8bn
Holdings
Holdings in commonnot published

Method

Side by side

GLD SPDR Gold Shares PULS PGIM Ultra Short Bond ETF
Where it sits Commodity ETF Bond ETF
What it is Holds gold Actively managed
Total return, 1 year +2.5% +4.0%
Its benchmark over the same days +2.7% (IAU) not measured
Gap to its benchmark −0.2 pts vs IAU not measured
Expense ratio 0.40% 0.15%
Holdings not counted 553
Net assets, as of Oct 27, 2026 $135.8bn $19.8bn

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

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About each fund
GLD

Its expense ratio is 0.40% a year, for the three months to Jun 30, 2026, as its 10-Q states.

GLD holds gold. Over the year to Oct 28, 2026 it returned +2.5% with distributions reinvested, against +2.7% for its benchmark, the price of gold. It sat 24.7% below its high of Jan 29, 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, GLD or PULS?
In the year to Oct 28, 2026, with distributions reinvested, GLD returned +2.5% and PULS +4.0%.
Which is cheaper, GLD 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 own filings.
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ETFIQ, GLD against PULS, data as of Oct 28, 2026. https://etfiq.com/compare/any/gld-vs-puls

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