Data as of Oct 28, 2026.
PULS vs SPMO: Differences, Returns & Fees
Over the year to Oct 28, 2026, PULS returned +4.0% to SPMO's +18.4%; 0% of their weight is in the same names.
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Net assets on Oct 27, 2026: $19.8bn for PGIM Ultra Short Bond ETF and $22.3bn for Invesco S&P 500 Momentum ETF.
Pair scorecard
SPMO costs 0.02 points a year less; their one-year returns differ by 14.4 points; SPMO is 1.1 times larger.
| Measure | PULS | SPMO |
|---|---|---|
| Return | ||
| Total return, 1 year | +4.0% | +18.4% |
| Drawdown | ||
| Below its high | 10.2%, high on Jun 22, 2026 | |
| Benchmark | ||
| What it tracks | No index, actively managed | S&P 500 Momentum Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.13% |
| Net assets, as of Oct 27, 2026 | $19.8bn | $22.3bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 50.7% | |
Holdings in common uses holdings dated May 29, 2026 and Oct 27, 2026. Method
Risk and return
Apr 20, 2018 to Oct 23, 2026 · 444 weekly returnsSPMO returned more: +323.1% to +32.2%. PULS swung less: 1.9% to 20.5%. PULS fell less at its worst: −5.9% to −28.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | PULS | SPMO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +32.2% | +323.1% | SPMO | Price change plus distributions, reinvested. |
| Annualized | +3.3% | +18.4% | SPMO | Total return as a yearly rate. |
| Price return | −0.9% | +283.1% | SPMO | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 1.9% | 20.5% | PULS | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 1.6% | 13.7% | PULS | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −5.9% | −28.3% | PULS | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.27 | 0.79 | SPMO | Return above Treasury bills per unit of volatility. |
| Sortino | 0.32 | 1.19 | SPMO | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.57 | 0.65 | SPMO | 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.
What they share
By the books each fund has filed, PULS and SPMO hold 0% of their money in the same securities at the same weight. Holdings dated May 29, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
PULS and SPMO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
No client brief for this pair: the two funds' holdings are dated 151 days apart.
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.
SPMO
SPMO tracks the S&P 500 Momentum. Over the year to Oct 28, 2026 it returned +18.4% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.13% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 50.7%. It sat 10.2% below its high of Jun 22, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, PULS or SPMO?
- In the year to Oct 28, 2026, with distributions reinvested, PULS returned +4.0% and SPMO +18.4%.
- Which is cheaper, PULS or SPMO?
- SPMO is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, PULS against SPMO, data as of Oct 28, 2026. https://etfiq.com/compare/any/puls-vs-spmo
ETFIQ. (Oct 28, 2026). PULS against SPMO. Retrieved from https://etfiq.com/compare/any/puls-vs-spmo
[PULS against SPMO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/puls-vs-spmo)
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