PULS vs TBLL: Differences, Returns & Fees
PULS's duration was 0.7 years on May 29, 2026 and TBLL's 0.3 on May 31, 2026; TBLL charges 0.08% to PULS's 0.15%. Net assets: $19.8bn on Oct 19, 2026 for PGIM Ultra Short Bond ETF, and $2.6bn on Oct 20, 2026 for Invesco Short Term Treasury ETF.
TBLL costs 0.07 points a year less; their one-year returns differ by 0.5 points; PULS is 7.5 times larger.
| PULS | TBLL | |
|---|---|---|
| Expense ratio | 0.15% | 0.08% |
| Net assets, as of Oct 19, 2026 | $19.8bn | $2.7bn |
| Total return, 1 year | +4.1% | +3.6% |
| What it tracks | No index, actively managed | ICE U.S. Treasury Short Bond Index |
| Holdings in common | report dates differ | |
Holdings in common uses holdings dated May 29, 2026 and May 31, 2026.
PULS and TBLL 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 TBLL follows ICE U.S. Treasury Short Bond Index.
- Number of holdings. PULS holds 553 positions and TBLL holds 93.
- Size. PULS has $19.8bn in net assets and TBLL $2.7bn (net assets, as of Oct 19, 2026); PULS is 7.3 times larger.
Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.
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On the same fields
PULS and TBLL on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About PULS
PULS is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +4.1% with distributions reinvested. The prospectus expense ratio is 0.15% a year.
About TBLL
TBLL tracks an index. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested, against +3.6% for its benchmark, the ICE U.S. Treasury Short Bond Index. The prospectus expense ratio is 0.08% a year.
Questions people ask
- Which returned more over the last year, PULS or TBLL?
- In the year to Oct 20, 2026, with distributions reinvested, PULS returned +4.1% and TBLL +3.6%.
- Which is cheaper, PULS or TBLL?
- TBLL is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, PULS against TBLL, data as of Oct 20, 2026. https://etfiq.com/compare/any/puls-vs-tbll
ETFIQ. (Oct 20, 2026). PULS against TBLL. Retrieved from https://etfiq.com/compare/any/puls-vs-tbll
[PULS against TBLL (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/puls-vs-tbll)
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