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PGIM Ultra Short Bond ETF (PULS)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US69344A1079

CUSIP

69344A107

Inception Date

Apr 5, 2018

Region

Developed Markets (Broad)

Leveraged

1x

Index Tracked

No Index (Active)

Home Page

www.pgim.com

Asset Class

Bond

Expense Ratio

PULS has an expense ratio of 0.15%, which is considered low.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


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Returns By Period

PGIM Ultra Short Bond ETF (PULS) returned 1.72% year-to-date (YTD) and 5.39% over the past 12 months.


PULS

YTD

1.72%

1M

0.70%

6M

2.41%

1Y

5.39%

5Y*

3.61%

10Y*

N/A

^GSPC (Benchmark)

YTD

0.60%

1M

9.64%

6M

-0.54%

1Y

11.47%

5Y*

15.67%

10Y*

10.79%

*Annualized

Monthly Returns

The table below presents the monthly returns of PULS, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.42%0.44%0.27%0.24%0.33%1.72%
20240.63%0.43%0.53%0.50%0.55%0.38%0.55%0.56%0.49%0.40%0.51%0.44%6.12%
20230.63%0.55%0.02%0.62%0.45%0.50%0.62%0.53%0.42%0.41%0.67%0.67%6.26%
2022-0.06%-0.20%-0.15%0.04%-0.02%0.00%0.15%0.44%0.07%0.14%0.63%0.47%1.52%
20210.14%0.01%0.07%0.08%0.07%-0.02%0.08%0.04%0.02%-0.04%-0.02%0.05%0.48%
20200.16%0.19%-2.77%1.50%0.94%0.47%0.29%0.24%0.07%0.08%0.22%0.13%1.47%
20190.37%0.24%0.29%0.27%0.26%0.22%0.27%0.23%0.25%0.25%0.17%0.34%3.21%
20180.21%0.16%0.21%0.24%0.28%0.18%0.14%0.15%0.12%1.71%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 99, PULS is among the top 1% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of PULS is 9999
Overall Rank
The Sharpe Ratio Rank of PULS is 100100
Sharpe Ratio Rank
The Sortino Ratio Rank of PULS is 9999
Sortino Ratio Rank
The Omega Ratio Rank of PULS is 9999
Omega Ratio Rank
The Calmar Ratio Rank of PULS is 9999
Calmar Ratio Rank
The Martin Ratio Rank of PULS is 9999
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for PGIM Ultra Short Bond ETF (PULS) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

PGIM Ultra Short Bond ETF Sharpe ratios as of May 16, 2025 (values are recalculated daily):

  • 1-Year: 9.73
  • 5-Year: 5.08
  • All Time: 2.24

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of PGIM Ultra Short Bond ETF compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


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Dividends

Dividend History

PGIM Ultra Short Bond ETF provided a 5.29% dividend yield over the last twelve months, with an annual payout of $2.62 per share. The fund has been increasing its distributions for 3 consecutive years.


1.00%2.00%3.00%4.00%5.00%6.00%$0.00$0.50$1.00$1.50$2.00$2.502018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM2024202320222021202020192018
Dividend$2.62$2.79$2.71$1.13$0.59$0.92$1.46$0.94

Dividend yield

5.29%5.62%5.48%2.30%1.19%1.85%2.92%1.87%

Monthly Dividends

The table displays the monthly dividend distributions for PGIM Ultra Short Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.20$0.18$0.20$0.20$0.78
2024$0.00$0.25$0.22$0.24$0.22$0.24$0.24$0.24$0.23$0.23$0.21$0.46$2.79
2023$0.00$0.21$0.18$0.21$0.22$0.23$0.23$0.23$0.23$0.22$0.24$0.50$2.71
2022$0.00$0.04$0.04$0.04$0.05$0.06$0.08$0.10$0.13$0.12$0.16$0.31$1.13
2021$0.00$0.06$0.05$0.05$0.06$0.05$0.05$0.05$0.04$0.04$0.04$0.10$0.59
2020$0.00$0.10$0.08$0.11$0.09$0.07$0.06$0.06$0.05$0.05$0.06$0.18$0.92
2019$0.00$0.13$0.11$0.12$0.12$0.11$0.12$0.12$0.11$0.17$0.10$0.25$1.46
2018$0.08$0.11$0.12$0.11$0.10$0.11$0.10$0.22$0.94

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the PGIM Ultra Short Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the PGIM Ultra Short Bond ETF was 5.85%, occurring on Mar 20, 2020. Recovery took 62 trading sessions.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-5.85%Mar 2, 202015Mar 20, 202062Jun 18, 202077
-0.79%Mar 13, 20232Mar 14, 202315Apr 4, 202317
-0.54%Oct 19, 2021106Mar 21, 2022101Aug 15, 2022207
-0.34%Apr 4, 20255Apr 10, 20259Apr 24, 202514
-0.2%May 5, 20231May 5, 202312May 23, 202313

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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