Data as of Oct 28, 2026.
MUB vs PULS: Differences, Returns & Fees
MUB's duration was 7.0 years on Aug 31, 2026 and PULS's 0.7 on May 29, 2026; MUB charges 0.05% to PULS's 0.15%.
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Net assets on Oct 27, 2026: $54.1bn for iShares National Muni Bond ETF and $19.8bn for PGIM Ultra Short Bond ETF.
Pair scorecard
MUB costs 0.10 points a year less; their one-year returns differ by 4.4 points; MUB is 2.7 times larger.
| Measure | MUB | PULS |
|---|---|---|
| Return | ||
| Total return, 1 year | −0.4% | +4.0% |
| Benchmark | ||
| What it tracks | ICE AMT-Free US National Municipal Index | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.05% | 0.15% |
| Net assets, as of Oct 27, 2026 | $54.1bn | $19.8bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated May 29, 2026 and Aug 31, 2026. Method
What they share
By the books each fund has filed, MUB and PULS hold 0% of their money in the same securities at the same weight. Holdings dated May 29, 2026 and Aug 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
MUB and PULS on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
MUB
MUB tracks an index of National Muni Bond. Over the year to Oct 28, 2026 it returned −0.4% with distributions reinvested. The prospectus expense ratio is 0.05% 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, MUB or PULS?
- In the year to Oct 28, 2026, with distributions reinvested, MUB returned −0.4% and PULS +4.0%.
- Which is cheaper, MUB or PULS?
- MUB is cheaper, by 0.10 percentage points a year. That is about $10 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, MUB against PULS, data as of Oct 28, 2026. https://etfiq.com/compare/any/mub-vs-puls
ETFIQ. (Oct 28, 2026). MUB against PULS. Retrieved from https://etfiq.com/compare/any/mub-vs-puls
[MUB against PULS (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/mub-vs-puls)
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