Data as of Oct 28, 2026.
PULS vs USFR: Differences, Returns & Fees
PULS's duration was 0.7 years on May 29, 2026 and USFR's 0.0 on May 31, 2026; both charge 0.15%.
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Net assets: $19.8bn on Oct 27, 2026 for PGIM Ultra Short Bond ETF, and $17.0bn on May 31, 2026 for WisdomTree Floating Rate Treasury Fund.
Pair scorecard
Both cost 0.15% a year; their one-year returns differ by 0.1 points.
Points (pts) are percentage points.
| Measure | PULS | USFR |
|---|---|---|
| Return | ||
| Total return, 1 year | +4.0% | +4.1% |
| Benchmark | ||
| What it tracks | No index, actively managed | Bloomberg U.S. Treasury Floating Rate Bond Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.15% |
| Net assets, PULS as of Oct 27, 2026 and USFR as of May 31, 2026 | $19.8bn | $17.0bn |
| Holdings | ||
| Holdings in common | report dates differ | |
Holdings in common uses holdings dated May 29, 2026 and May 31, 2026. Method
Risk and return
Apr 20, 2018 to Oct 23, 2026 · 444 weekly returnsPULS returned more: +32.2% to +26.3%. USFR swung less: 0.4% to 1.9%. USFR fell less at its worst: −0.2% to −5.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | PULS | USFR | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +32.2% | +26.3% | PULS | Price change plus distributions, reinvested. |
| Annualized | +3.3% | +2.8% | PULS | Total return as a yearly rate. |
| Price return | −0.9% | +0.6% | USFR | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 1.9% | 0.4% | USFR | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 1.6% | 0.3% | USFR | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −5.9% | −0.2% | USFR | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.27 | −0.10 | PULS | Return above Treasury bills per unit of volatility. |
| Sortino | 0.32 | −0.13 | PULS | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.57 | 17.25 | USFR | 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.
Side by side
PULS and USFR on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
PULS and USFR 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 USFR follows Bloomberg U.S. Treasury Floating Rate Bond Index.
- Number of holdings. PULS holds 553 positions and USFR holds 4.
- One-year total return (similar). Over 1 year to Oct 28, 2026 PULS returned +4.0% and USFR +4.1% with distributions reinvested, a gap of 0.1 points.
Data as of Oct 28, 2026.
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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.
USFR
USFR tracks an index of Floating Rate Treasury. Over the year to Oct 28, 2026 it returned +4.1% with distributions reinvested, against +4.0% for its benchmark, the Bloomberg U.S. Treasury Floating Rate Bond Index.
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ETFIQ, PULS against USFR, data as of Oct 28, 2026. https://etfiq.com/compare/any/puls-vs-usfr
ETFIQ. (Oct 28, 2026). PULS against USFR. Retrieved from https://etfiq.com/compare/any/puls-vs-usfr
[PULS against USFR (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/puls-vs-usfr)
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