Data as of Oct 28, 2026.

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MBB vs PULS: Differences, Returns & Fees

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MBB's duration was 5.7 years on Aug 31, 2026 and PULS's 0.7 on May 29, 2026; MBB charges 0.04% to PULS's 0.15%.

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Net assets: $35.5bn on Oct 28, 2026 for iShares MBS ETF, and $19.8bn on Oct 27, 2026 for PGIM Ultra Short Bond ETF.

At a glance
−0.8%
MBB total return, 1 year
+4.0%
PULS total return, 1 year
0.04%
MBB expense ratio
0.15%
PULS expense ratio

Pair scorecard

MBB costs 0.11 points a year less; their one-year returns differ by 4.8 points; MBB is 1.8 times larger.

MBB vs PULS: Differences, Returns & Fees
MeasureMBBPULS
Return
Total return, 1 year−0.8%+4.0%
Benchmark
What it tracksBloomberg U.S. MBS IndexNo index, actively managed
Cost and size
Expense ratio0.04%0.15%
Net assets, as of Oct 26, 2026$35.6bn$19.8bn
Holdings
Holdings in common0%

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

What they share

0%

By the books each fund has filed, MBB and PULS hold 0% of their money in the same securities at the same weight. Holdings dated May 29, 2026 and Aug 31, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first MBB PULS
Only in one fund ↓
Only in MBB
Ginnie Mae, due Sep 1, 2056 1.05%
Freddie Mac Pool, due May 1, 2051 0.98%
Uniform Mortgage-Backed Security, TBA, due Sep 1, 2056 0.85%
Uniform Mortgage-Backed Security, TBA, due Sep 1, 2056 0.70%
Ginnie Mae, due Sep 1, 2056 0.53%
Ginnie Mae II Pool, due Nov 20, 2054 0.51%
Ginnie Mae II Pool, due Oct 20, 2051 0.51%
Ginnie Mae II Pool, due Dec 20, 2051 0.50%
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%
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Side by side

MBB iShares MBS ETF PULS PGIM Ultra Short Bond ETF
Where it sits Bond ETF Bond ETF
Issuer iShares PGIM
What it is Tracks an index of mortgage-backed securities Actively managed
Total return, 1 year −0.8% +4.0%
Its benchmark over the same days −1.1% (SPMB) not measured
Gap to its benchmark +0.3 pts vs SPMB not measured
Expense ratio 0.04% 0.15%
Holdings 10813 553
Net assets, MBB as of Oct 28, 2026 and PULS as of Oct 27, 2026 $35.5bn $19.8bn

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

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About each fund
MBB

MBB tracks an index of mortgage-backed securities. Over the year to Oct 28, 2026 it returned −0.8% with distributions reinvested, against −1.1% for its benchmark, the Bloomberg U.S. MBS Index. The prospectus expense ratio is 0.04% 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, MBB or PULS?
In the year to Oct 28, 2026, with distributions reinvested, MBB returned −0.8% and PULS +4.0%.
Which is cheaper, MBB or PULS?
MBB is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, MBB against PULS, data as of Oct 28, 2026. https://etfiq.com/compare/any/mbb-vs-puls

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