PULS vs RAVI: Differences, Returns & Fees
PULS's duration was 0.7 years on May 29, 2026 and RAVI's 0.5 on Jul 31, 2026; PULS charges 0.15% to RAVI's 0.25%. Net assets: $19.8bn on Oct 19, 2026 for PGIM Ultra Short Bond ETF, and $1.5bn on Jul 31, 2026 for Northern Trust Ultra-Short Fixed Income ETF.
PULS costs 0.10 points a year less; their one-year returns differ by 0.3 points.
| PULS | RAVI | |
|---|---|---|
| Expense ratio | 0.15% | 0.25% |
| Net assets, PULS as of Oct 19, 2026 and RAVI as of Jul 31, 2026 | $19.8bn | $1.5bn |
| Total return, 1 year | +4.1% | +3.8% |
| What it tracks | No index, actively managed | No index, actively managed |
| Holdings in common | report dates differ | |
Holdings in common uses holdings dated May 29, 2026 and Jul 31, 2026.
PULS and RAVI are built for the same job. How do they differ in cost, holdings and results?
- Cost. PULS charges 0.15% of assets a year and RAVI 0.25%, a gap of 0.10 points.
- Size. PULS has $19.8bn in net assets and RAVI $1.5bn (net assets, PULS as of Oct 19, 2026 and RAVI as of Jul 31, 2026); PULS is 13.2 times larger.
- What each follows (similar). Both follow No index, actively managed.
Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.
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On the same fields
PULS and RAVI on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About PULS
PULS is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +4.1% with distributions reinvested. The prospectus expense ratio is 0.15% a year.
About RAVI
RAVI is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.8% with distributions reinvested. The prospectus expense ratio is 0.25% a year.
Questions people ask
- Which returned more over the last year, PULS or RAVI?
- In the year to Oct 20, 2026, with distributions reinvested, PULS returned +4.1% and RAVI +3.8%.
- Which is cheaper, PULS or RAVI?
- PULS 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.
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ETFIQ, PULS against RAVI, data as of Oct 20, 2026. https://etfiq.com/compare/any/puls-vs-ravi
ETFIQ. (Oct 20, 2026). PULS against RAVI. Retrieved from https://etfiq.com/compare/any/puls-vs-ravi
[PULS against RAVI (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/puls-vs-ravi)
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