Data as of Oct 28, 2026.

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PULS vs QUAL: Differences, Returns & Fees

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Over the year to Oct 28, 2026, PULS returned +4.0% to QUAL's +13.1%; 0% of their weight is in the same names.

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Net assets: $19.8bn on Oct 27, 2026 for PGIM Ultra Short Bond ETF, and $48.2bn on Oct 28, 2026 for iShares MSCI USA Quality Factor ETF.

At a glance
+4.0%
PULS total return, 1 year
+13.1%
QUAL total return, 1 year
0.15%
PULS expense ratio
0.15%
QUAL expense ratio

Pair scorecard

Both cost 0.15% a year; their one-year returns differ by 9.1 points; QUAL is 2.4 times larger.

Points (pts) are percentage points.

PULS vs QUAL: Differences, Returns & Fees
MeasurePULSQUAL
Return
Total return, 1 year+4.0%+13.1%
Benchmark
What it tracksNo index, actively managedMSCI USA Sector Neutral Quality Index
Cost and size
Expense ratio0.15%0.15%
Net assets, as of Oct 26, 2026$19.8bn$48.3bn
Holdings
Holdings in common0%
In the S&P 500, by weight97%
Top ten holdings, share of the fund44.5%

Holdings in common uses holdings dated May 29, 2026 and Oct 27, 2026. Method

What they share

0%

By the books each fund has filed, PULS and QUAL hold 0% of their money in the same securities at the same weight. Holdings dated May 29, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first PULS QUAL
Only in one fund ↓
Only in PULS
PGIM ETF Trust 1.81%
GLENCORE FUNDING LLC 0.74%
Alexandria Real Estate Equities, Inc. 0.66%
ABN AMRO BANK NV 0.57%
BX TRUST 2022-LBA6 0.51%
FEDERATION DES CAISSES DESJARDINS DU QUEBEC 0.51%
BX TRUST 2018-BILT 0.43%
BROADCOM INC 0.43%
Only in QUAL
MICROSOFT 8.09%
APPLE 7.38%
NVIDIA 6.28%
META PLATFORMS CLASS A 4.06%
ELI LILLY 4.04%
TJX 3.50%
VISA CLASS A 3.44%
LAM RESEARCH 2.84%
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Side by side

PULS PGIM Ultra Short Bond ETF QUAL iShares MSCI USA Quality Factor ETF
Where it sits Bond ETF Stock ETF
Issuer PGIM iShares
What it is Actively managed Tracks the MSCI USA Quality Factor
Total return, 1 year +4.0% +13.1%
Its benchmark over the same days not measured +13.6% (MLRG)
Gap to its benchmark not measured −0.5 pts vs MLRG
Expense ratio 0.15% 0.15%
Holdings 553 119
Net assets, PULS as of Oct 27, 2026 and QUAL as of Oct 28, 2026 $19.8bn $48.2bn

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

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About each fund
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.

QUAL

QUAL tracks the MSCI USA Quality Factor. Over the year to Oct 28, 2026 it returned +13.1% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. By its holdings published by its issuer for Oct 27, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 119 positions, with the top ten at 44.5%.

Questions people ask

Which returned more over the last year, PULS or QUAL?
In the year to Oct 28, 2026, with distributions reinvested, PULS returned +4.0% and QUAL +13.1%.
Which is cheaper, PULS or QUAL?
Neither: PULS and QUAL both charge 0.15% a year. Fees come from each fund's prospectus.
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ETFIQ, PULS against QUAL, data as of Oct 28, 2026. https://etfiq.com/compare/any/puls-vs-qual

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