Data as of Oct 28, 2026.

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PULS vs VPU: Differences, Returns & Fees

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Over the year to Oct 28, 2026, PULS returned +4.0% to VPU's −3.3%; 0% of their weight is in the same names.

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Net assets: $19.8bn on Oct 27, 2026 for PGIM Ultra Short Bond ETF, and $7.7bn on Sep 30, 2026 for Vanguard Utilities ETF.

At a glance
+4.0%
PULS total return, 1 year
−3.3%
VPU total return, 1 year
0.15%
PULS expense ratio
0.09%
VPU expense ratio

Pair scorecard

VPU costs 0.06 points a year less; their one-year returns differ by 7.3 points.

PULS vs VPU: Differences, Returns & Fees
MeasurePULSVPU
Return
Total return, 1 year+4.0%−3.3%
Drawdown
Below its high8.9%, high on Feb 27, 2026
Benchmark
What it tracksNo index, actively managedMSCI US Investable Market Index (IMI)/Utilities 25/50
Cost and size
Expense ratio0.15%0.09%
Net assets, PULS as of Oct 27, 2026 and VPU as of Sep 30, 2026$19.8bn$7.7bn
Holdings
Holdings in common0%
In the S&P 500, by weight90%
Top ten holdings, share of the fund52.3%

Holdings in common uses holdings dated May 29, 2026 and Sep 30, 2026. Method

What they share

0%

By the books each fund has filed, PULS and VPU hold 0% of their money in the same securities at the same weight. Holdings dated May 29, 2026 and Sep 30, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first PULS VPU
Only in one fund ↓
Only in PULS
PGIM ETF Trust 1.81%
GLENCORE FUNDING LLC 0.74%
Alexandria Real Estate Equities, Inc. 0.66%
ABN AMRO BANK NV 0.57%
BX TRUST 2022-LBA6 0.51%
FEDERATION DES CAISSES DESJARDINS DU QUEBEC 0.51%
BX TRUST 2018-BILT 0.43%
BROADCOM INC 0.43%
Only in VPU
NextEra Energy Inc 11.39%
Southern Co 6.74%
Duke Energy Corp 6.41%
Constellation Energy Corp 5.72%
American Electric Power Co Inc 4.66%
Dominion Energy Inc 3.84%
Sempra 3.68%
Vistra Corp 3.37%
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Side by side

PULS PGIM Ultra Short Bond ETF VPU Vanguard Utilities ETF
Where it sits Bond ETF Stock ETF
Issuer PGIM Vanguard
What it is Actively managed Tracks an index of Utilities
Total return, 1 year +4.0% −3.3%
Its benchmark over the same days not measured −3.3% (FUTY)
Gap to its benchmark not measured 0.0 pts vs FUTY
Expense ratio 0.15% 0.09%
Holdings 553 70
Net assets, PULS as of Oct 27, 2026 and VPU as of Sep 30, 2026 $19.8bn $7.7bn

PULS and VPU 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.

VPU

VPU tracks an index of Utilities. Over the year to Oct 28, 2026 it returned −3.3% with distributions reinvested, against −3.3% for its benchmark, the MSCI US Investable Market Index (IMI)/Utilities 25/50. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer as of Sep 30, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 70 positions, with the top ten at 52.3%. It sat 8.9% below its high of Feb 27, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, PULS or VPU?
In the year to Oct 28, 2026, with distributions reinvested, PULS returned +4.0% and VPU −3.3%.
Which is cheaper, PULS or VPU?
VPU is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, PULS against VPU, data as of Oct 28, 2026. https://etfiq.com/compare/any/puls-vs-vpu

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