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

In the year to Oct 28, 2026, with distributions reinvested, IUSB returned −1.2% and PULS +4.0%.

Which is cheaper, IUSB or PULS?

IUSB is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

IUSB vs PULS: Differences, Returns & Fees

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IUSB's duration was 5.5 years on Jul 31, 2026 and PULS's 0.7 on May 29, 2026; IUSB charges 0.06% to PULS's 0.15%.

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Net assets on Oct 27, 2026: $49.8bn for iShares Core Universal USD Bond ETF and $19.8bn for PGIM Ultra Short Bond ETF.

IUSB on its own →PULS on its own →

At a glance

−1.2%

IUSB total return, 1 year

+4.0%

PULS total return, 1 year

0.06%

IUSB expense ratio

0.15%

PULS expense ratio

Pair scorecard

IUSB costs 0.09 points a year less; their one-year returns differ by 5.2 points; IUSB is 2.5 times larger.

IUSB vs PULS: Differences, Returns & Fees
Measure	IUSB	PULS
Return
Measure	IUSB	PULS
Total return, 1 year	−1.2%	+4.0%
Benchmark
Measure	IUSB	PULS
What it tracks	Bloomberg U.S. Universal Index	No index, actively managed
Cost and size
Measure	IUSB	PULS
Expense ratio	0.06%	0.15%
Net assets, as of Oct 27, 2026	$49.8bn	$19.8bn
Holdings
Measure	IUSB	PULS
Holdings in common	1%

Holdings in common uses holdings dated May 29, 2026 and Jul 31, 2026. Method

What they share

By the books each fund has filed, IUSB and PULS hold 1% of their money in the same securities at the same weight. Holdings dated May 29, 2026 and Jul 31, 2026.

50%

0 half 100%

half

1% in common

Positions both hold · largest shared weight first IUSB PULS

U.S. Treasury Notes, due Nov 15, 2027 0.18% 0.19%

U.S. Treasury Notes, due Jan 15, 2028 0.15% 0.01%

Pfizer Investment Enterprises Pte. Ltd., due May 19, 2028 0.01% 0.02%

Salesforce, Inc., due Mar 15, 2029 0.01% 0.32%

Amazon.com, Inc., due Mar 13, 2029 0.01% 0.24%

Amazon.com, Inc., due Nov 20, 2028 0.01% 0.18%

Salesforce, Inc., due Mar 15, 2028 0.01% 0.32%

Alphabet, Inc., due Feb 15, 2029 0.01% 0.19%

Nordea Bank Abp, due May 21, 2029 0.01% 0.09%

Amazon.com, Inc., due Mar 13, 2028 0.01% 0.24%

Fidelity National Information Services, Inc., due Mar 10, 2029 0.01% 0.15%

Target Corp., due Jun 15, 2028 0.01% 0.09%

Only in one fund ↓

Only in IUSB

Uniform Mortgage-Backed Securities, due Aug 25, 2056 0.41%

U.S. Treasury Notes, due Dec 31, 2029 0.37%

U.S. Treasury Notes, due May 15, 2036 0.37%

U.S. Treasury Notes, due Feb 15, 2034 0.36%

U.S. Treasury Notes, due Feb 15, 2035 0.35%

U.S. Treasury Notes, due Aug 15, 2035 0.34%

U.S. Treasury Notes, due May 15, 2034 0.34%

U.S. Treasury Notes, due Nov 15, 2034 0.34%

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%

Check overlap with more funds →

Side by side

IUSB iShares Core Universal USD Bond ETF PULS PGIM Ultra Short Bond ETF

Where it sits Bond ETF Bond ETF

Issuer iShares PGIM

What it is Tracks an index of Universal USD Bond Actively managed

Total return, 1 year −1.2% +4.0%

Expense ratio 0.06% 0.15%

Holdings 18338 553

Net assets, as of Oct 27, 2026 $49.8bn $19.8bn

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

Alert

About each fund

IUSB

IUSB tracks an index of Universal USD Bond. Over the year to Oct 28, 2026 it returned −1.2% with distributions reinvested. The prospectus expense ratio is 0.06% a year.

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, IUSB or PULS?: In the year to Oct 28, 2026, with distributions reinvested, IUSB returned −1.2% and PULS +4.0%.
Which is cheaper, IUSB or PULS?: IUSB is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

IUSB vs MINT BIL vs IUSB IUSB vs SGOV IUSB vs SHV BOND vs PULS MBB vs PULS PFF vs PULS PULS vs VGLT

Where to next

IUSB on its own →PULS on its own →Hold both: look the portfolio through →Rankings →IUSB dividend history →IUSB holdings →PULS dividend history →PULS holdings →Standards and sources →

Sources and dates

IUSB filings on SEC EDGAR ↗

IUSB prospectus with the expense ratio (SEC) ↗

iShares page for IUSB ↗

PULS filings on SEC EDGAR ↗

PULS prospectus with the expense ratio (SEC) ↗

PGIM website ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, IUSB against PULS, data as of Oct 28, 2026. https://etfiq.com/compare/any/iusb-vs-puls

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.