Which returned more over the last year, PULS or SPSB?

In the year to Oct 28, 2026, with distributions reinvested, PULS returned +4.0% and SPSB +2.2%.

Which is cheaper, PULS or SPSB?

SPSB is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

PULS vs SPSB: Differences, Returns & Fees

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PULS's duration was 0.7 years on May 29, 2026 and SPSB's 1.8 on Jun 30, 2026; SPSB charges 0.04% to PULS's 0.15%.

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Net assets on Oct 27, 2026: $19.8bn for PGIM Ultra Short Bond ETF and $11.3bn for State Street SPDR Portfolio Short Term Corporate Bond ETF.

PULS on its own →SPSB on its own →

At a glance

+4.0%

PULS total return, 1 year

+2.2%

SPSB total return, 1 year

0.15%

PULS expense ratio

0.04%

SPSB expense ratio

Pair scorecard

SPSB costs 0.11 points a year less; their one-year returns differ by 1.8 points; PULS is 1.8 times larger.

PULS vs SPSB: Differences, Returns & Fees
Measure	PULS	SPSB
Return
Measure	PULS	SPSB
Total return, 1 year	+4.0%	+2.2%
Benchmark
Measure	PULS	SPSB
What it tracks	No index, actively managed	Bloomberg U.S. 1-3 Year Corporate Bond Index
Cost and size
Measure	PULS	SPSB
Expense ratio	0.15%	0.04%
Net assets, as of Oct 27, 2026	$19.8bn	$11.3bn
Holdings
Measure	PULS	SPSB
Holdings in common	5%

Holdings in common uses holdings dated May 29, 2026 and Jun 30, 2026. Method

Risk and return

Apr 20, 2018 to Oct 23, 2026 · 444 weekly returns

PULS SPSB

Return

Total return edge PULS +32.2% +28.3%

Annualized edge PULS +3.3% +3.0%

Price return edge PULS −0.9% −1.6%

Risk

Volatility edge PULS 1.9% 4.0%

Max drawdown edge PULS −5.9% −9.9%

Risk-adjusted

Sharpe edge PULS 0.27 0.06

Sortino edge PULS 0.32 0.08

Calmar edge PULS 0.57 0.30

Reading

PULS returned more: +32.2% to +28.3%. PULS swung less: 1.9% to 4.0%. PULS fell less at its worst: −5.9% to −9.9%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: PULS vs SPSB: Differences, Returns & Fees
Measure	PULS	SPSB	Edge	How it is measured
Return
Total return	+32.2%	+28.3%	PULS	Price change plus distributions, reinvested.
Annualized	+3.3%	+3.0%	PULS	Total return as a yearly rate.
Price return	−0.9%	−1.6%	PULS	Price change alone, distributions left out.
Risk
Volatility	1.9%	4.0%	PULS	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	1.6%	2.8%	PULS	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−5.9%	−9.9%	PULS	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.27	0.06	PULS	Return above Treasury bills per unit of volatility.
Sortino	0.32	0.08	PULS	Return above Treasury bills per unit of downside deviation.
Calmar	0.57	0.30	PULS	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 SPSB hold 5% of their money in the same securities at the same weight. Holdings dated May 29, 2026 and Jun 30, 2026.

50%

0 half 100%

half

5% in common

Positions both hold · largest shared weight first PULS SPSB

CRM 4.65 03/15/29, due Mar 15, 2029 0.32% 0.56%

AMZN 4 03/13/29, due Mar 13, 2029 0.24% 0.35%

GOOGL 3.7 02/15/29, due Feb 15, 2029 0.19% 0.18%

AMZN 3.9 11/20/28, due Nov 20, 2028 0.18% 0.21%

ABBV 3.775 03/03/28, due Mar 3, 2028 0.20% 0.17%

FIS 4.55 03/10/29, due Mar 10, 2029 0.15% 0.29%

TD 4.574 06/02/28 MTN, due Jun 2, 2028 0.14% 0.26%

ETN 3.85 03/06/28, due Mar 6, 2028 0.21% 0.14%

ETN 3.95 03/06/29, due Mar 6, 2029 0.13% 0.16%

KDP 4.35 05/15/28, due May 15, 2028 0.12% 0.12%

GM 5.05 04/04/28, due Apr 4, 2028 0.11% 0.17%

TD 4.109 10/13/28, due Oct 13, 2028 0.11% 0.15%

Only in one fund ↓

Only in PULS

PGIM AAA CLO ETF 1.81%

Phillips 66 0% CP 22/06/2026, due Jun 22, 2026 0.83%

GLENCORE FUNDING LLC 0% CP 17/06/2026, due Jun 17, 2026 0.74%

Alexandria Real Estate Equities, Inc. 0% CP 01/06/2026, due Jun 1, 2026 0.66%

INTESA SANPAOLO SPA NEW YORK BRANCH 4.27% CP 30/06/2026, due Jun 30, 2026 0.63%

ABNANV 4.718 01/22/27 144A, due Jan 22, 2027 0.57%

Healthpeak Properties Inc 0% CP 24/06/2026, due Jun 24, 2026 0.52%

BX 2022-LBA6 A, due Jan 18, 2039 0.51%

Only in SPSB

AerCap Ireland Capital DAC / AerCap Global Aviation Trust, due Oct 29, 2028 0.44%

Bank of America Corp, due Dec 20, 2028 0.42%

Citigroup Inc, due Mar 4, 2029 0.42%

Morgan Stanley, due Apr 10, 2030 0.38%

JPMorgan Chase & Co, due Jul 25, 2028 0.38%

Sprint Capital Corp, due Nov 15, 2028 0.37%

Wells Fargo & Co, due Jul 25, 2028 0.37%

Bank of America Corp, due Jul 22, 2028 0.36%

Check overlap with more funds →

Side by side

PULS PGIM Ultra Short Bond ETF SPSB State Street SPDR Portfolio Short Term Corporate Bond ETF

Where it sits Bond ETF Bond ETF

Issuer PGIM State Street

What it is Actively managed Tracks an index of Short Term Corporate Bond

Total return, 1 year +4.0% +2.2%

Its benchmark over the same days not measured −1.4% (AGG)

Gap to its benchmark not measured +3.6 pts vs AGG

Expense ratio 0.15% 0.04%

Holdings 553 1684

Net assets, as of Oct 27, 2026 $19.8bn $11.3bn

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

Client brief · page 1 of 2 Report BR-A9A5F21BDB

PULS and SPSB do different jobs. What does each one do in a portfolio?

What each follows. PULS follows No index, actively managed and SPSB follows Bloomberg U.S. 1-3 Year Corporate Bond Index.
Holdings in common. 5% of the weight is in the same securities (holdings dated May 29, 2026 and Jun 30, 2026).
Number of holdings. PULS holds 553 positions and SPSB holds 1684.

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.

SPSB

SPSB tracks an index of Short Term Corporate Bond. Over the year to Oct 28, 2026 it returned +2.2% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.04% a year.

Questions people ask

Which returned more over the last year, PULS or SPSB?: In the year to Oct 28, 2026, with distributions reinvested, PULS returned +4.0% and SPSB +2.2%.
Which is cheaper, PULS or SPSB?: SPSB is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

PULS vs VCSH IGSB vs PULS BSV vs PULS PULS vs VGLT BIL vs SPSB SHV vs SPSB BOXX vs SPSB SPSB vs VBIL

Where to next

PULS on its own →SPSB on its own →Hold both: look the portfolio through →Rankings →PULS dividend history →PULS holdings →SPSB dividend history →SPSB holdings →Standards and sources →

Sources and dates

PULS filings on SEC EDGAR ↗

PULS prospectus with the expense ratio (SEC) ↗

PGIM website ↗

SPSB filings on SEC EDGAR ↗

SPSB prospectus with the expense ratio (SEC) ↗

State Street website ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, PULS against SPSB, data as of Oct 28, 2026. https://etfiq.com/compare/any/puls-vs-spsb

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