Data as of Oct 28, 2026.
MOAT vs PULS: Differences, Returns & Fees
Over the year to Oct 28, 2026, MOAT returned +10.3% to PULS's +4.0%; 0% of their weight is in the same names.
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Net assets on Oct 27, 2026: $11.6bn for VanEck Morningstar Wide Moat ETF and $19.8bn for PGIM Ultra Short Bond ETF.
Pair scorecard
PULS costs 0.31 points a year less; their one-year returns differ by 6.3 points; PULS is 1.7 times larger.
| Measure | MOAT | PULS |
|---|---|---|
| Return | ||
| Total return, 1 year | +10.3% | +4.0% |
| Drawdown | ||
| Below its high | 3.7%, high on Aug 27, 2026 | |
| Benchmark | ||
| What it tracks | Morningstar Wide Moat Focus Index | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.46% | 0.15% |
| Net assets, as of Oct 27, 2026 | $11.6bn | $19.8bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 92% | |
| Top ten holdings, share of the fund | 26.5% | |
Holdings in common uses holdings dated May 29, 2026 and Oct 27, 2026. Method
Risk and return
Apr 20, 2018 to Oct 23, 2026 · 444 weekly returnsMOAT returned more: +197.4% to +32.2%. PULS swung less: 1.9% to 19.4%. PULS fell less at its worst: −5.9% to −30.8%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | MOAT | PULS | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +197.4% | +32.2% | MOAT | Price change plus distributions, reinvested. |
| Annualized | +13.6% | +3.3% | MOAT | Total return as a yearly rate. |
| Price return | +167.9% | −0.9% | MOAT | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.4% | 1.9% | PULS | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.3% | 1.6% | PULS | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −30.8% | −5.9% | PULS | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.61 | 0.27 | MOAT | Return above Treasury bills per unit of volatility. |
| Sortino | 0.89 | 0.32 | MOAT | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.44 | 0.57 | PULS | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 444 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, MOAT and PULS hold 0% of their money in the same securities at the same weight. Holdings dated May 29, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
MOAT and PULS on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
MOAT
MOAT tracks the Morningstar Wide Moat. Over the year to Oct 28, 2026 it returned +10.3% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.46% a year. By its holdings published by its issuer for Oct 27, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 54 positions, with the top ten at 26.5%. It sat 3.7% below its high of Aug 27, 2026 on Oct 28, 2026.
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, MOAT or PULS?
- In the year to Oct 28, 2026, with distributions reinvested, MOAT returned +10.3% and PULS +4.0%.
- Which is cheaper, MOAT or PULS?
- PULS is cheaper, by 0.31 percentage points a year. That is about $31 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.
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ETFIQ, MOAT against PULS, data as of Oct 28, 2026. https://etfiq.com/compare/any/moat-vs-puls
ETFIQ. (Oct 28, 2026). MOAT against PULS. Retrieved from https://etfiq.com/compare/any/moat-vs-puls
[MOAT against PULS (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/moat-vs-puls)
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