Data as of Oct 28, 2026.

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PULS vs SGOV: Differences, Returns & Fees

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PULS's duration was 0.7 years on May 29, 2026 and SGOV's 0.1 on Aug 31, 2026; SGOV charges 0.09% to PULS's 0.15%.

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Net assets on Oct 27, 2026: $19.8bn for PGIM Ultra Short Bond ETF and $117.0bn for iShares 0-3 Month Treasury Bond ETF.

At a glance
+4.0%
PULS total return, 1 year
+3.7%
SGOV total return, 1 year
0.15%
PULS expense ratio
0.09%
SGOV expense ratio

Pair scorecard

SGOV costs 0.06 points a year less; their one-year returns differ by 0.3 points; SGOV is 5.9 times larger.

PULS vs SGOV: Differences, Returns & Fees
MeasurePULSSGOV
Return
Total return, 1 year+4.0%+3.7%
Benchmark
What it tracksNo index, actively managedICE 0-3 Month US Treasury Securities Index
Cost and size
Expense ratio0.15%0.09%
Net assets, as of Oct 27, 2026$19.8bn$117.0bn
Holdings
Holdings in commonreport dates differ

Holdings in common uses holdings dated May 29, 2026 and Aug 31, 2026. Method

Risk and return

Jun 5, 2020 to Oct 23, 2026 · 333 weekly returns
PULS SGOV
Return
Total return edge PULS +26.3% +20.8%
Annualized edge PULS +3.7% +3.0%
Price return edge SGOV −0.1% +0.6%
Risk
Volatility edge SGOV 0.5% 0.3%
Max drawdown edge SGOV −0.5% 0.0%
Risk-adjusted
Sharpe edge PULS 1.06 −0.46
Sortino edge PULS 1.59 −0.57
Calmar 7.11 Not measured
Reading

PULS returned more: +26.3% to +20.8%. SGOV swung less: 0.3% to 0.5%. SGOV fell less at its worst: 0.0% to −0.5%.

Full scorecard

9 measures, with how each is measured
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Risk and return: PULS vs SGOV: Differences, Returns & Fees
MeasurePULSSGOVEdgeHow it is measured
Return
Total return+26.3%+20.8%PULSPrice change plus distributions, reinvested.
Annualized+3.7%+3.0%PULSTotal return as a yearly rate.
Price return−0.1%+0.6%SGOVPrice change alone, distributions left out.
Risk
Volatility0.5%0.3%SGOVSpread of weekly returns, annualized. Lower is steadier.
Downside deviation0.3%0.2%SGOVLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−0.5%0.0%SGOVDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe1.06−0.46PULSReturn above Treasury bills per unit of volatility.
Sortino1.59−0.57PULSReturn above Treasury bills per unit of downside deviation.
Calmar7.11Not measuredAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 333 weekly returns. Cash rate: the 13-week Treasury bill.

Side by side

PULS PGIM Ultra Short Bond ETF SGOV iShares 0-3 Month Treasury Bond ETF
Where it sits Bond ETF Bond ETF
Issuer PGIM iShares
What it is Actively managed Tracks an index of 0-3 month T-bills
Total return, 1 year +4.0% +3.7%
Expense ratio 0.15% 0.09%
Holdings 553 22
Net assets, as of Oct 27, 2026 $19.8bn $117.0bn

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

Client brief · page 1 of 2 Report BR-0A56842FE8

PULS and SGOV are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. PULS follows No index, actively managed and SGOV follows ICE 0-3 Month US Treasury Securities Index.
  2. Number of holdings. PULS holds 553 positions and SGOV holds 22.
  3. Size. PULS has $19.8bn in net assets and SGOV $117.0bn (net assets, as of Oct 27, 2026); SGOV is 5.9 times larger.

Data as of Oct 28, 2026.

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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.

SGOV

SGOV tracks an index of 0-3 month T-bills. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.09% a year.

Questions people ask

Which returned more over the last year, PULS or SGOV?
In the year to Oct 28, 2026, with distributions reinvested, PULS returned +4.0% and SGOV +3.7%.
Which is cheaper, PULS or SGOV?
SGOV 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.
Other comparisons
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ETFIQ, PULS against SGOV, data as of Oct 28, 2026. https://etfiq.com/compare/any/puls-vs-sgov

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.