Data as of Oct 28, 2026.

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PULS vs USO: Differences, Returns & Fees

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PULS is an actively managed short-term fund and USO a commodity futures fund, and over the year to Oct 28, 2026, USO returned +133.3% against +4.0%.

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Net assets: $19.8bn on Oct 27, 2026 for PGIM Ultra Short Bond ETF, and $1.9bn on Oct 28, 2026 for United States Oil Fund, LP.

At a glance
+4.0%
PULS total return, 1 year
+133.3%
USO total return, 1 year
0.15%
PULS expense ratio
0.86%
USO expense ratio

Pair scorecard

PULS costs 0.71 points a year less; their one-year returns differ by 129.3 points; PULS is 10.4 times larger.

PULS vs USO: Differences, Returns & Fees
MeasurePULSUSO
Return
Total return, 1 year+4.0%+133.3%
Drawdown
Below its high82.3%, high on Jul 14, 2008
Benchmark
What it tracksNo index, actively managedOil futures
Cost and size
Expense ratio0.15%0.86%
Net assets, as of Oct 27, 2026$19.8bn$1.9bn
Holdings
Holdings in commonnot published

Method

Side by side

PULS PGIM Ultra Short Bond ETF USO United States Oil Fund, LP
Where it sits Bond ETF Commodity ETF
Issuer PGIM USCF
What it is Actively managed Holds oil futures
Total return, 1 year +4.0% +133.3%
Expense ratio 0.15% 0.86%
Holdings 553 not counted
Net assets, PULS as of Oct 27, 2026 and USO as of Oct 28, 2026 $19.8bn $1.9bn

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

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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.

USO

USO holds oil futures. Over the year to Oct 28, 2026 it returned +133.3% with distributions reinvested. The prospectus expense ratio is 0.86% a year. It sat 82.3% below its high of Jul 14, 2008 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, PULS or USO?
In the year to Oct 28, 2026, with distributions reinvested, PULS returned +4.0% and USO +133.3%.
Which is cheaper, PULS or USO?
PULS is cheaper, by 0.71 percentage points a year. That is about $71 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, PULS against USO, data as of Oct 28, 2026. https://etfiq.com/compare/any/puls-vs-uso

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