Data as of Oct 28, 2026.
PULS vs SHV: Differences, Returns & Fees
PULS's duration was 0.7 years on May 29, 2026 and SHV's 0.3 on Aug 31, 2026; both charge 0.15%.
askIQ about this page
askIQ about PULS and SHV
Net assets on Oct 27, 2026: $19.8bn for PGIM Ultra Short Bond ETF and $21.7bn for iShares 0-1 Year Treasury Bond ETF.
Pair scorecard
Both cost 0.15% a year; their one-year returns differ by 0.4 points; SHV is 1.1 times larger.
| Measure | PULS | SHV |
|---|---|---|
| Return | ||
| Total return, 1 year | +4.0% | +3.6% |
| Benchmark | ||
| What it tracks | No index, actively managed | ICE Short US Treasury Securities Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.15% |
| Net assets, as of Oct 27, 2026 | $19.8bn | $21.7bn |
| Holdings | ||
| Holdings in common | report dates differ | |
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 returnsPULS returned more: +32.2% to +24.8%. SHV swung less: 0.3% to 1.9%. SHV fell less at its worst: −0.4% to −5.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | PULS | SHV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +32.2% | +24.8% | PULS | Price change plus distributions, reinvested. |
| Annualized | +3.3% | +2.6% | PULS | Total return as a yearly rate. |
| Price return | −0.9% | 0.0% | SHV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 1.9% | 0.3% | SHV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 1.6% | 0.2% | SHV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −5.9% | −0.4% | SHV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.27 | −0.55 | PULS | Return above Treasury bills per unit of volatility. |
| Sortino | 0.32 | −0.74 | PULS | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.57 | 6.79 | SHV | 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.
Side by side
PULS and SHV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
PULS and SHV are built for the same job. How do they differ in cost, holdings and results?
- What each follows. PULS follows No index, actively managed and SHV follows ICE Short US Treasury Securities Index.
- Number of holdings. PULS holds 553 positions and SHV holds 66.
- One-year total return (similar). Over 1 year to Oct 28, 2026 PULS returned +4.0% and SHV +3.6% with distributions reinvested, a gap of 0.4 points.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
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.
SHV
SHV tracks an index of 0-1 Year Treasury Bond. Over the year to Oct 28, 2026 it returned +3.6% with distributions reinvested.
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
Cite this pageCitation, APA and Markdown
ETFIQ, PULS against SHV, data as of Oct 28, 2026. https://etfiq.com/compare/any/puls-vs-shv
ETFIQ. (Oct 28, 2026). PULS against SHV. Retrieved from https://etfiq.com/compare/any/puls-vs-shv
[PULS against SHV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/puls-vs-shv)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.