IDMO vs. PULS

Last updated Jun 13, 2026

IDMO (Invesco S&P International Developed Momentum ETF) and PULS (PGIM Ultra Short Bond ETF) are both exchange-traded funds - IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while PULS is a Ultrashort Bond fund actively managed by PGIM. IDMO is passively managed, while PULS is actively managed. Over the past 5 years, IDMO returned 15.50%/yr vs 4.14%/yr for PULS. At a 0.13 correlation, their price movements are largely independent. IDMO charges 0.25%/yr vs 0.15%/yr for PULS.

Performance

IDMO vs. PULS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P International Developed Momentum ETF (IDMO) and PGIM Ultra Short Bond ETF (PULS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDMO achieves a 8.17% return, which is significantly higher than PULS's 1.88% return.

IDMO

• 1D: 1.36%
• 1M: -1.92%
• YTD: 8.17%
• 6M: 10.09%
• 1Y: 23.12%
• 3Y*: 25.21%
• 5Y*: 15.50%
• 10Y*: 12.64%

PULS

• 1D: 0.04%
• 1M: 0.40%
• YTD: 1.88%
• 6M: 2.10%
• 1Y: 4.70%
• 3Y*: 5.59%
• 5Y*: 4.14%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IDMO vs. PULS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IDMO Invesco S&P International Developed Momentum ETF	8.17%	42.17%	12.79%	20.16%	-12.03%	14.31%	22.01%	26.09%	-15.53%
PULS PGIM Ultra Short Bond ETF	1.88%	4.97%	6.12%	6.26%	1.52%	0.48%	1.47%	2.97%	1.71%

Correlation

The correlation between IDMO and PULS is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018	0.13

The correlation between IDMO and PULS shifts across timeframes, from 0.13 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.

IDMO vs. PULS - Sectors Allocation Comparison

Sectors	IDMO	PULS
Financial Services	42.4%	1.5%
Industrials	22.6%	-
Basic Materials	10.2%	-
Utilities	8.4%	-
Technology	5.3%	-
Consumer Defensive	2.5%	-
Communication Services	2.2%	-
Real Estate	2.0%	-
Energy	1.9%	-
Consumer Cyclical	1.4%	-
Healthcare	1.2%	-

Return for Risk

IDMO vs. PULS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IDMO

IDMO Risk / Return Rank: 44
IDMO Sharpe Ratio Rank: 42
IDMO Sortino Ratio Rank: 43
IDMO Omega Ratio Rank: 42
IDMO Calmar Ratio Rank: 43
IDMO Martin Ratio Rank: 51

PULS

PULS Risk / Return Rank: 99
PULS Sharpe Ratio Rank: 100
PULS Sortino Ratio Rank: 99
PULS Omega Ratio Rank: 99
PULS Calmar Ratio Rank: 99
PULS Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IDMO vs. PULS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P International Developed Momentum ETF (IDMO) and PGIM Ultra Short Bond ETF (PULS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IDMO	PULS	Difference
Sharpe ratio: Return per unit of total volatility	1.30	11.41	-10.11
Sortino ratio: Return per unit of downside risk	1.93	32.91	-30.98
Omega ratio: Gain probability vs. loss probability	1.24	7.59	-6.35
Calmar ratio: Return relative to maximum drawdown	1.89	52.47	-50.58
Martin ratio: Return relative to average drawdown	7.64	317.38	-309.74

IDMO vs. PULS - Sharpe Ratio Comparison

The current IDMO Sharpe Ratio is 1.30, which is lower than the PULS Sharpe Ratio of 11.41. The chart below compares the historical Sharpe Ratios of IDMO and PULS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IDMO vs. PULS - Drawdown Comparison

The maximum IDMO drawdown since its inception was -39.38%, which is greater than PULS's maximum drawdown of -5.85%. Use the drawdown chart below to compare losses from any high point for IDMO and PULS.

Drawdown Indicators

	IDMO	PULS	Difference
Max Drawdown Largest peak-to-trough decline	-39.38%	-5.85%	-33.53%
Max Drawdown (1Y) Largest decline over 1 year	-12.31%	-0.09%	-12.22%
Max Drawdown (3Y) Largest decline over 3 years	-12.65%	-0.34%	-12.31%
Max Drawdown (5Y) Largest decline over 5 years	-27.07%	-0.79%	-26.28%
Max Drawdown (10Y) Largest decline over 10 years	-31.34%	—	—
Current Drawdown Current decline from peak	-1.92%	0.00%	-1.92%
Average Drawdown Average peak-to-trough decline	-9.74%	-0.09%	-9.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	0.01%	+3.03%

Volatility

IDMO vs. PULS - Volatility Comparison

Invesco S&P International Developed Momentum ETF (IDMO) has a higher volatility of 7.92% compared to PGIM Ultra Short Bond ETF (PULS) at 0.11%. This indicates that IDMO's price experiences larger fluctuations and is considered to be riskier than PULS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDMO	PULS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.92%	0.11%	+7.81%
Volatility (6M) Calculated over the trailing 6-month period	16.02%	0.30%	+15.72%
Volatility (1Y) Calculated over the trailing 1-year period	17.92%	0.41%	+17.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.03%	0.70%	+17.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.18%	1.33%	+16.85%

IDMO vs. PULS - Expense Ratio Comparison

IDMO has a 0.25% expense ratio, which is higher than PULS's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IDMO vs. PULS - Dividend Comparison

IDMO's dividend yield for the trailing twelve months is around 3.52%, less than PULS's 4.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDMO Invesco S&P International Developed Momentum ETF	3.52%	3.71%	2.24%	2.89%	3.66%	1.81%	1.63%	2.78%	3.27%	3.08%	2.18%	2.52%
PULS PGIM Ultra Short Bond ETF	4.57%	4.78%	5.62%	5.48%	2.30%	1.19%	1.85%	2.69%	1.87%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IDMO and PULS in my portfolio?

IDMO and PULS have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDMO or PULS?

IDMO has higher volatility (7.92%) compared to PULS (0.11%). In terms of maximum drawdown, IDMO dropped -39.38% vs PULS's -5.85%.

Which ETF is better, IDMO or PULS?

On 5-year performance, IDMO leads with 15.50% vs 4.14% for PULS. On fees, PULS is cheaper at 0.15% per year. On volatility, PULS has been the lower-risk option at 0.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDMO or PULS?

Over the 5-year period, IDMO has performed better with a 15.50% return vs 4.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDMO or PULS?

PULS is cheaper with a 0.15% expense ratio, compared with 0.25% for IDMO.

Which ETF pays a higher dividend yield, IDMO or PULS?

PULS has the higher dividend yield at 4.57%, compared with 3.52% for IDMO.

What is the main difference between IDMO and PULS?

IDMO is categorized as Momentum, while PULS is Ultrashort Bond. They also come from different issuers: Invesco and PGIM. Their fees differ too: 0.25% for IDMO and 0.15% for PULS.

Which has better risk-adjusted returns?

PULS currently has the higher Sharpe Ratio (11.41 vs 1.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.