PULS vs VNLA: Differences, Returns & Fees
PULS's duration was 0.7 years on May 29, 2026 and VNLA's 0.8 on Jul 31, 2026; PULS charges 0.15% to VNLA's 0.23%. Net assets: $19.8bn on Oct 19, 2026 for PGIM Ultra Short Bond ETF, and $3.3bn on Jul 31, 2026 for Janus Henderson Short Duration Income ETF.
PULS costs 0.08 points a year less; their one-year returns differ by 0.5 points.
| PULS | VNLA | |
|---|---|---|
| Expense ratio | 0.15% | 0.23% |
| Net assets, PULS as of Oct 19, 2026 and VNLA as of Jul 31, 2026 | $19.8bn | $3.3bn |
| Total return, 1 year | +4.1% | +3.6% |
| What it tracks | No index, actively managed | No index, actively managed |
| Holdings in common | report dates differ | |
Holdings in common uses holdings dated May 29, 2026 and Jul 31, 2026.
PULS and VNLA are built for the same job. How do they differ in cost, holdings and results?
- Size. PULS has $19.8bn in net assets and VNLA $3.3bn (net assets, PULS as of Oct 19, 2026 and VNLA as of Jul 31, 2026); PULS is 6.0 times larger.
- What each follows (similar). Both follow No index, actively managed.
- One-year total return (similar). Over 1 year to Oct 20, 2026 PULS returned +4.1% and VNLA +3.6% with distributions reinvested, a gap of 0.5 points.
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 VNLA 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 VNLA
VNLA is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.23% a year.
Questions people ask
- Which returned more over the last year, PULS or VNLA?
- In the year to Oct 20, 2026, with distributions reinvested, PULS returned +4.1% and VNLA +3.6%.
- Which is cheaper, PULS or VNLA?
- PULS is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
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ETFIQ, PULS against VNLA, data as of Oct 20, 2026. https://etfiq.com/compare/any/puls-vs-vnla
ETFIQ. (Oct 20, 2026). PULS against VNLA. Retrieved from https://etfiq.com/compare/any/puls-vs-vnla
[PULS against VNLA (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/puls-vs-vnla)
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