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

In the year to Sep 13, 2026, with distributions reinvested, PULS returned +4.2% and SPY returned +17.5%, so SPY returned more. One year is one year; the longer windows are in the table.

Which is cheaper, PULS or SPY?

PULS charges 0.15% a year and SPY charges 0.09%, so SPY is cheaper. Fees come from each fund's prospectus.

Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

PULS vs SPY: how they differ

PULS and SPY hold 0% of their weight in the same names, and SPY returned more over the year.

PGIM Ultra Short Bond ETF and SPDR S&P 500 ETF Trust.

What they hold in common

By the books each fund has filed, PULS and SPY hold 0% of their money in the same securities at the same weight.

Largest positions each one holds and the other does not
Only in PULS	Only in SPY
PGIM ETF Trust 2.38%	NVIDIA CORP 8.08%
GLENCORE FUNDING LLC 0.98%	APPLE INC 7.33%
Alexandria Real Estate Equities, Inc. 0.87%	MICROSOFT CORP 5.59%
ABN AMRO BANK NV 0.75%	AMAZON.COM INC 3.77%
BX TRUST 2022-LBA6 0.68%	ALPHABET INC CL A 2.98%
FEDERATION DES CAISSES DESJARDINS DU QUE 0.67%	BROADCOM INC 2.61%
BX TRUST 2018-BILT 0.56%	ALPHABET INC CL C 2.39%
BROADCOM INC 0.56%	META PLATFORMS INC CLASS A 2.16%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated May 29, 2026 and Sep 10, 2026.

PULS and SPY on the fields both publish, as of Sep 13, 2026. Source: ETFIQ.
	PULS PGIM Ultra Short Bond ETF	SPY SPDR S&P 500 ETF Trust
Where it sits	Core index fund	Core index fund
Issuer	PGIM	State Street
What it is	PGIM Ultra Short Bond	S&P 500
Total return, 1 year	+4.2%	+17.5%
S&P 500 over the same days	+17.5%	+17.5%
Gap to the S&P 500	−13.3 pts	0.0 pts
Expense ratio	0.15%	0.09%
Holdings	553	505

PULS in plain words

PULS is a cash and treasury bills tracking the PGIM Ultra Short Bond. Over the year to Sep 11, 2026 it returned +4.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year.

SPY in plain words

SPY is an index equity fund tracking the S&P 500. Over the year to Sep 11, 2026 it returned +17.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for Sep 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 38.2%.

Questions people ask

Which returned more over the last year, PULS or SPY?: In the year to Sep 13, 2026, with distributions reinvested, PULS returned +4.2% and SPY returned +17.5%, so SPY returned more. One year is one year; the longer windows are in the table.
Which is cheaper, PULS or SPY?: PULS charges 0.15% a year and SPY charges 0.09%, so SPY is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where to next

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

PULS against SPY, ETFIQ, data as of Sep 13, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, PULS against SPY, data as of Sep 13, 2026. https://etfiq.com/compare/any/puls-vs-spy Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources