GSY vs PULS: Differences, Returns & Fees
GSY's duration was 0.8 years on Jul 31, 2026 and PULS's 0.7 on May 29, 2026; PULS charges 0.15% to GSY's 0.22%. Net assets: $4.0bn on Oct 20, 2026 for Invesco Ultra Short Duration ETF, and $19.8bn on Oct 19, 2026 for PGIM Ultra Short Bond ETF.
PULS costs 0.07 points a year less; their one-year returns differ by 0.4 points; PULS is 5.0 times larger.
| GSY | PULS | |
|---|---|---|
| Expense ratio | 0.22% | 0.15% |
| Net assets, as of Oct 19, 2026 | $4.0bn | $19.8bn |
| Total return, 1 year | +3.7% | +4.1% |
| What it tracks | No index, actively managed | No index, actively managed |
| Holdings in common | report dates differ | |
Holdings in common uses holdings dated May 29, 2026 and Jul 31, 2026.
GSY and PULS are built for the same job. How do they differ in cost, holdings and results?
- Size. GSY has $4.0bn in net assets and PULS $19.8bn (net assets, as of Oct 19, 2026); PULS is 5.0 times larger.
- What each follows (similar). Both follow No index, actively managed.
- One-year total return (similar). Over 1 year to Oct 20, 2026 GSY returned +3.7% and PULS +4.1% with distributions reinvested, a gap of 0.4 points.
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
GSY and PULS on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About GSY
GSY is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.7% with distributions reinvested, against +3.7% for its benchmark, the ICE BofA US Treasury Bill Index. The prospectus expense ratio is 0.22% 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, GSY or PULS?
- In the year to Oct 20, 2026, with distributions reinvested, GSY returned +3.7% and PULS +4.1%.
- Which is cheaper, GSY or PULS?
- PULS is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, GSY against PULS, data as of Oct 20, 2026. https://etfiq.com/compare/any/gsy-vs-puls
ETFIQ. (Oct 20, 2026). GSY against PULS. Retrieved from https://etfiq.com/compare/any/gsy-vs-puls
[GSY against PULS (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/gsy-vs-puls)
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