JPIB vs. PULS
JPIB (JPMorgan International Bond Opportunities ETF) and PULS (PGIM Ultra Short Bond ETF) are both exchange-traded funds - JPIB is a Global Bonds fund actively managed by JPMorgan, while PULS is a Ultrashort Bond fund actively managed by PGIM. Both are actively managed. Over the past 5 years, JPIB returned 2.76%/yr vs 4.14%/yr for PULS. At a 0.21 correlation, their price movements are largely independent. JPIB charges 0.50%/yr vs 0.15%/yr for PULS.
Performance
JPIB vs. PULS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JPIB achieves a 1.10% return, which is significantly lower than PULS's 1.88% return.
JPIB
- 1D
- 0.17%
- 1M
- 1.08%
- YTD
- 1.10%
- 6M
- 1.62%
- 1Y
- 5.24%
- 3Y*
- 5.93%
- 5Y*
- 2.76%
- 10Y*
- —
PULS
- 1D
- 0.04%
- 1M
- 0.38%
- YTD
- 1.88%
- 6M
- 2.10%
- 1Y
- 4.67%
- 3Y*
- 5.59%
- 5Y*
- 4.14%
- 10Y*
- —
JPIB vs. PULS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JPIB JPMorgan International Bond Opportunities ETF | 1.10% | 8.19% | 3.48% | 8.68% | -6.38% | 0.14% | 7.14% | 10.76% | -1.96% |
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 JPIB and PULS is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | 0.21 |
The correlation between JPIB and PULS shifts across timeframes, from 0.21 (all time) to 0.40 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JPIB vs. PULS — Risk / Return Rank
JPIB
PULS
JPIB vs. PULS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Bond Opportunities ETF (JPIB) 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.
| JPIB | PULS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -10.05 | ||
| Sortino ratioReturn per unit of downside risk | -30.98 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 7.59 | -6.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 52.47 | -51.18 |
| Martin ratioReturn relative to average drawdown | 4.42 | 317.38 | -312.96 |
Loading charts...
Drawdowns
JPIB vs. PULS - Drawdown Comparison
The maximum JPIB drawdown since its inception was -13.13%, which is greater than PULS's maximum drawdown of -5.85%. Use the drawdown chart below to compare losses from any high point for JPIB and PULS.
Loading charts...
Drawdown Indicators
| JPIB | PULS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.13% | -5.85% | -7.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.75% | -0.09% | -3.66% |
Max Drawdown (3Y)Largest decline over 3 years | -3.75% | -0.34% | -3.41% |
Max Drawdown (5Y)Largest decline over 5 years | -11.83% | -0.79% | -11.04% |
Current DrawdownCurrent decline from peak | -0.77% | 0.00% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -0.09% | -1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.01% | +1.08% |
Volatility
JPIB vs. PULS - Volatility Comparison
JPMorgan International Bond Opportunities ETF (JPIB) has a higher volatility of 1.19% compared to PGIM Ultra Short Bond ETF (PULS) at 0.11%. This indicates that JPIB'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.
Loading charts...
Volatility by Period
| JPIB | PULS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 0.11% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 0.30% | +2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 0.41% | +3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.12% | 0.70% | +3.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.44% | 1.33% | +3.11% |
JPIB vs. PULS - Expense Ratio Comparison
JPIB has a 0.50% expense ratio, which is higher than PULS's 0.15% expense ratio.
Dividends
JPIB vs. PULS - Dividend Comparison
JPIB's dividend yield for the trailing twelve months is around 5.00%, more than PULS's 4.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
JPIB JPMorgan International Bond Opportunities ETF | 5.00% | 4.85% | 4.57% | 4.35% | 3.10% | 2.59% | 3.14% | 4.66% | 5.83% | 1.81% |
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% |
Frequently Asked Questions
JPIB and PULS have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPIB has higher volatility (1.19%) compared to PULS (0.11%). In terms of maximum drawdown, JPIB dropped -13.13% vs PULS's -5.85%.
On 5-year performance, PULS leads with 4.14% vs 2.76% for JPIB. 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.
Over the 5-year period, PULS has performed better with a 4.14% return vs 2.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PULS is cheaper with a 0.15% expense ratio, compared with 0.50% for JPIB.
JPIB has the higher dividend yield at 5.00%, compared with 4.57% for PULS.
JPIB is categorized as Global Bonds, while PULS is Ultrashort Bond. They also come from different issuers: JPMorgan and PGIM. Their fees differ too: 0.50% for JPIB and 0.15% for PULS.
PULS currently has the higher Sharpe Ratio (11.41 vs 1.36), 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.
Find the right allocation for JPIB and PULS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer