Data as of Oct 28, 2026.

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PULS vs SLV: Differences, Returns & Fees

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PULS is an actively managed short-term fund and SLV a commodity fund, and over the year to Oct 28, 2026, SLV returned +14.9% against +4.0%.

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Net assets: $19.8bn on Oct 27, 2026 for PGIM Ultra Short Bond ETF, and $26.9bn on Oct 28, 2026 for iShares Silver Trust.

At a glance
+4.0%
PULS total return, 1 year
+14.9%
SLV total return, 1 year
0.15%
PULS expense ratio
0.50%
SLV expense ratio

Pair scorecard

PULS costs 0.35 points a year less; their one-year returns differ by 10.9 points; SLV is 1.3 times larger.

PULS vs SLV: Differences, Returns & Fees
MeasurePULSSLV
Return
Total return, 1 year+4.0%+14.9%
Drawdown
Below its high53.5%, high on Jan 28, 2026
Benchmark
What it tracksNo index, actively managedSilver
Cost and size
Expense ratio0.15%0.50%
Net assets, as of Oct 27, 2026$19.8bn$26.5bn
Holdings
Holdings in commonnot published

Method

Side by side

PULS PGIM Ultra Short Bond ETF SLV iShares Silver Trust
Where it sits Bond ETF Commodity ETF
Issuer PGIM iShares
What it is Actively managed Holds silver
Total return, 1 year +4.0% +14.9%
Its benchmark over the same days not measured +15.0% (SIVR)
Gap to its benchmark not measured −0.1 pts vs SIVR
Expense ratio 0.15% 0.50%
Holdings 553 not counted
Net assets, PULS as of Oct 27, 2026 and SLV as of Oct 28, 2026 $19.8bn $26.9bn

PULS and SLV 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.

SLV

Its expense ratio is 0.50% a year, for the three months to Jun 30, 2026, as its 10-Q states.

SLV holds silver. Over the year to Oct 28, 2026 it returned +14.9% with distributions reinvested, against +15.0% for its benchmark, the price of silver. It sat 53.5% below its high of Jan 28, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, PULS or SLV?
In the year to Oct 28, 2026, with distributions reinvested, PULS returned +4.0% and SLV +14.9%.
Which is cheaper, PULS or SLV?
PULS is cheaper, by 0.35 percentage points a year. That is about $35 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, PULS against SLV, data as of Oct 28, 2026. https://etfiq.com/compare/any/puls-vs-slv

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