Which returned more over the last year, IBIT or PULS?

In the year to Sep 21, 2026, with distributions reinvested, IBIT returned −31.1% and PULS returned +4.2%, so PULS returned more.

Which is cheaper, IBIT or PULS?

IBIT charges 0.25% a year and PULS charges 0.15%, so PULS is cheaper. Fees come from each fund's prospectus.

Data as of Sep 21, 2026.

ETFIQetfiq.com · independent ETF data

IBIT vs PULS: how they differ

IBIT and PULS hold 0% of their weight in the same names, and PULS returned more over the year.

iShares Bitcoin Trust ETF and PGIM Ultra Short Bond ETF.

What they hold in common

By the books each fund has filed, IBIT and PULS hold 0% of their money in the same securities at the same weight.

Only in each
Only in IBIT	Only in PULS
BITCOIN 100.00%	PGIM ETF Trust 2.38%
USD CASH 0.00%	GLENCORE FUNDING LLC 0.98%
	Alexandria Real Estate Equities, Inc. 0.87%
	ABN AMRO BANK NV 0.75%
	BX TRUST 2022-LBA6 0.68%
	FEDERATION DES CAISSES DESJARDINS DU QUE 0.67%
	BX TRUST 2018-BILT 0.56%
	BROADCOM INC 0.56%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated May 29, 2026 and Sep 18, 2026.

IBIT and PULS on the fields both publish, as of Sep 21, 2026. Source: ETFIQ.
	IBIT iShares Bitcoin Trust ETF	PULS PGIM Ultra Short Bond ETF
Where it sits	Core fund	Core fund
Issuer	iShares	PGIM
What it is	Holds bitcoin	Actively managed
Total return, 1 year	−31.1%	+4.2%
S&P 500 over the same days	+16.6%	+16.6%
Gap to the S&P 500	−47.6 pts	−12.4 pts
Expense ratio	0.25%	0.15%
Holdings	2	553
Net assets	$63.7bn	$16.3bn

IBIT in plain words

IBIT holds bitcoin. Over the year to Sep 18, 2026 it returned −31.1% with distributions reinvested, against +16.6% for the S&P 500 and +21.8% for the Nasdaq-100. The prospectus expense ratio is 0.25% a year. It sat 35.5% below its high of Oct 6, 2025 on Sep 18, 2026.

PULS in plain words

PULS is actively managed and tracks no index. Over the year to Sep 18, 2026 it returned +4.2% with distributions reinvested, against +16.6% for the S&P 500 and +21.8% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, IBIT or PULS?: In the year to Sep 21, 2026, with distributions reinvested, IBIT returned −31.1% and PULS returned +4.2%, so PULS returned more.
Which is cheaper, IBIT or PULS?: IBIT charges 0.25% a year and PULS charges 0.15%, so PULS is cheaper. Fees come from each fund's prospectus.

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Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

IBIT against PULS, ETFIQ, data as of Sep 21, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, IBIT against PULS, data as of Sep 21, 2026. https://etfiq.com/compare/any/ibit-vs-puls Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources