Data as of Oct 28, 2026.
JAAA vs PULS: Differences, Returns & Fees
JAAA's duration was 0.0 years on Jul 31, 2026 and PULS's 0.7 on May 29, 2026; PULS charges 0.15% to JAAA's 0.20%.
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Net assets: $32.5bn on Oct 28, 2026 for Janus Henderson AAA CLO ETF, and $19.8bn on Oct 27, 2026 for PGIM Ultra Short Bond ETF.
Pair scorecard
PULS costs 0.05 points a year less; their one-year returns differ by 0.7 points; JAAA is 1.6 times larger.
| Measure | JAAA | PULS |
|---|---|---|
| Return | ||
| Total return, 1 year | +4.7% | +4.0% |
| Benchmark | ||
| What it tracks | No index, actively managed | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.20% | 0.15% |
| Net assets, as of Oct 27, 2026 | $32.5bn | $19.8bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated May 29, 2026 and Jul 31, 2026. Method
Risk and return
Oct 30, 2020 to Oct 23, 2026 · 312 weekly returnsJAAA returned more: +31.1% to +25.0%. PULS swung less: 0.5% to 1.3%. PULS fell less at its worst: −0.5% to −2.5%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | JAAA | PULS | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +31.1% | +25.0% | JAAA | Price change plus distributions, reinvested. |
| Annualized | +4.6% | +3.8% | JAAA | Total return as a yearly rate. |
| Price return | +1.6% | −0.7% | JAAA | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 1.3% | 0.5% | PULS | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 1.0% | 0.4% | PULS | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −2.5% | −0.5% | PULS | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.93 | 0.81 | JAAA | Return above Treasury bills per unit of volatility. |
| Sortino | 1.24 | 1.17 | JAAA (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.82 | 7.27 | PULS | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 312 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, JAAA and PULS hold 0% of their money in the same securities at the same weight. Holdings dated May 29, 2026 and Jul 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
JAAA and PULS on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
JAAA 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 Jul 31, 2026 and May 29, 2026).
- What each follows (similar). Both follow No index, actively managed.
- One-year total return (similar). Over 1 year to Oct 28, 2026 JAAA returned +4.7% and PULS +4.0% with distributions reinvested, a gap of 0.7 points.
Data as of Oct 28, 2026.
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JAAA
JAAA is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +4.7% with distributions reinvested. The prospectus expense ratio is 0.20% 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, JAAA or PULS?
- In the year to Oct 28, 2026, with distributions reinvested, JAAA returned +4.7% and PULS +4.0%.
- Which is cheaper, JAAA or PULS?
- PULS is cheaper, by 0.05 percentage points a year. That is about $5 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.
Cite this pageCitation, APA and Markdown
ETFIQ, JAAA against PULS, data as of Oct 28, 2026. https://etfiq.com/compare/any/jaaa-vs-puls
ETFIQ. (Oct 28, 2026). JAAA against PULS. Retrieved from https://etfiq.com/compare/any/jaaa-vs-puls
[JAAA against PULS (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/jaaa-vs-puls)
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