Data as of Oct 28, 2026.
ONEQ vs PULS: Differences, Returns & Fees
Over the year to Oct 28, 2026, ONEQ returned +12.7% to PULS's +4.0%; 0% of their weight is in the same names.
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Net assets: $10.9bn on Sep 30, 2026 for Fidelity Nasdaq Composite Index ETF, and $19.8bn on Oct 27, 2026 for PGIM Ultra Short Bond ETF.
Pair scorecard
PULS costs 0.06 points a year less; their one-year returns differ by 8.7 points.
| Measure | ONEQ | PULS |
|---|---|---|
| Return | ||
| Total return, 1 year | +12.7% | +4.0% |
| Drawdown | ||
| Below its high | 3.8%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | Nasdaq Composite Index | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.21% | 0.15% |
| Net assets, ONEQ as of Sep 30, 2026 and PULS as of Oct 27, 2026 | $10.9bn | $19.8bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 85% | |
| Top ten holdings, share of the fund | 56.0% | |
Holdings in common uses holdings dated May 29, 2026 and Aug 31, 2026. Method
Risk and return
Apr 20, 2018 to Oct 23, 2026 · 444 weekly returnsONEQ returned more: +297.6% to +32.2%. PULS swung less: 1.9% to 21.3%. PULS fell less at its worst: −5.9% to −34.6%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | ONEQ | PULS | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +297.6% | +32.2% | ONEQ | Price change plus distributions, reinvested. |
| Annualized | +17.5% | +3.3% | ONEQ | Total return as a yearly rate. |
| Price return | +264.5% | −0.9% | ONEQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 21.3% | 1.9% | PULS | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.3% | 1.6% | PULS | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −34.6% | −5.9% | PULS | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.74 | 0.27 | ONEQ | Return above Treasury bills per unit of volatility. |
| Sortino | 1.10 | 0.32 | ONEQ | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.51 | 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, ONEQ 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
ONEQ and PULS on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
ONEQ and PULS do different jobs. What does each one do in a portfolio?
- What each follows. ONEQ follows Nasdaq Composite Index and PULS follows No index, actively managed.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Aug 31, 2026 and May 29, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 ONEQ returned +12.7% and PULS +4.0% with distributions reinvested, a gap of 8.7 points.
Data as of Oct 28, 2026.
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ONEQ
ONEQ tracks the Nasdaq Composite. Over the year to Oct 28, 2026 it returned +12.7% with distributions reinvested. The prospectus expense ratio is 0.21% a year. By its holdings filed for Aug 31, 2026, 85% of the fund by weight is stocks the S&P 500 also holds, across 1,026 positions, with the top ten at 56.0%. It sat 3.8% below its high of Oct 6, 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, ONEQ or PULS?
- In the year to Oct 28, 2026, with distributions reinvested, ONEQ returned +12.7% and PULS +4.0%.
- Which is cheaper, ONEQ or PULS?
- PULS is cheaper, by 0.06 percentage points a year. That is about $6 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, ONEQ against PULS, data as of Oct 28, 2026. https://etfiq.com/compare/any/oneq-vs-puls
ETFIQ. (Oct 28, 2026). ONEQ against PULS. Retrieved from https://etfiq.com/compare/any/oneq-vs-puls
[ONEQ against PULS (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/oneq-vs-puls)
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