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

In the year to Oct 28, 2026, with distributions reinvested, PULS returned +4.0% and TLT −7.9%.

Which is cheaper, PULS or TLT?

Neither: PULS and TLT both charge 0.15% a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

PULS vs TLT: Differences, Returns & Fees

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PULS's duration was 0.7 years on May 29, 2026 and TLT's 15.1 on Aug 31, 2026; both charge 0.15%.

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Net assets on Oct 27, 2026: $19.8bn for PGIM Ultra Short Bond ETF and $47.4bn for iShares 20+ Year Treasury Bond ETF.

PULS on its own →TLT on its own →

At a glance

+4.0%

PULS total return, 1 year

−7.9%

TLT total return, 1 year

0.15%

PULS expense ratio

0.15%

TLT expense ratio

Pair scorecard

Both cost 0.15% a year; their one-year returns differ by 11.9 points; TLT is 2.4 times larger.

Points (pts) are percentage points.

PULS vs TLT: Differences, Returns & Fees
Measure	PULS	TLT
Return
Measure	PULS	TLT
Total return, 1 year	+4.0%	−7.9%
Drawdown
Measure	PULS	TLT
Below its high		42.6%, high on Aug 4, 2020
Benchmark
Measure	PULS	TLT
What it tracks	No index, actively managed	ICE U.S. Treasury 20+ Year Bond Index
Cost and size
Measure	PULS	TLT
Expense ratio	0.15%	0.15%
Net assets, as of Oct 27, 2026	$19.8bn	$47.4bn
Holdings
Measure	PULS	TLT
Holdings in common	0%

Holdings in common uses holdings dated May 29, 2026 and Aug 31, 2026. Method

What they share

By the books each fund has filed, PULS and TLT hold 0% of their money in the same securities at the same weight. Holdings dated May 29, 2026 and Aug 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first PULS TLT

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 TLT

U.S. Treasury Bonds, due May 15, 2055 4.46%

U.S. Treasury Bonds, due May 15, 2054 4.40%

U.S. Treasury Bonds, due Aug 15, 2053 4.18%

U.S. Treasury Bonds, due Feb 15, 2054 4.03%

U.S. Treasury Bonds, due Feb 15, 2056 3.94%

U.S. Treasury Bonds, due Aug 15, 2054 3.94%

U.S. Treasury Bonds, due Nov 15, 2053 3.92%

U.S. Treasury Bonds, due Feb 15, 2055 3.80%

Check overlap with more funds →

Side by side

PULS PGIM Ultra Short Bond ETF TLT iShares 20+ Year Treasury Bond ETF

Where it sits Bond ETF Bond ETF

Issuer PGIM iShares

What it is Actively managed Tracks an index of 20+ year Treasuries

Total return, 1 year +4.0% −7.9%

Its benchmark over the same days not measured −7.8% (BBLB)

Gap to its benchmark not measured −0.1 pts vs BBLB

Expense ratio 0.15% 0.15%

Holdings 553 47

Net assets, as of Oct 27, 2026 $19.8bn $47.4bn

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

Alert

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.

TLT

TLT tracks an index of 20+ year Treasuries. Over the year to Oct 28, 2026 it returned −7.9% with distributions reinvested, against −7.8% for its benchmark, the ICE U.S. Treasury 20+ Year Bond Index. It sat 42.6% below its high of Aug 4, 2020 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, PULS or TLT?: In the year to Oct 28, 2026, with distributions reinvested, PULS returned +4.0% and TLT −7.9%.
Which is cheaper, PULS or TLT?: Neither: PULS and TLT both charge 0.15% a year. Fees come from each fund's prospectus.

Other comparisons

EDV vs PULS PULS vs VGLT PULS vs VGIT PULS vs VCIT BIL vs TLT SHV vs TLT TLT vs USFR BOXX vs TLT

Where to next

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

Sources and dates

PULS filings on SEC EDGAR ↗

PULS prospectus with the expense ratio (SEC) ↗

PGIM website ↗

TLT filings on SEC EDGAR ↗

TLT prospectus with the expense ratio (SEC) ↗

iShares page for TLT ↗

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 TLT, data as of Oct 28, 2026. https://etfiq.com/compare/any/puls-vs-tlt

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