PULS vs. AXON
PULS (PGIM Ultra Short Bond ETF) is Ultrashort Bond fund actively managed by PGIM, while AXON (Axon Enterprise, Inc.) is a stock. Over the past 5 years, PULS returned 4.14%/yr vs 22.92%/yr for AXON. At a 0.04 correlation, their price movements are largely independent.
Performance
PULS vs. AXON - Performance Comparison
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Returns By Period
In the year-to-date period, PULS achieves a 1.88% return, which is significantly higher than AXON's -22.22% return.
PULS
- 1D
- 0.04%
- 1M
- 0.38%
- YTD
- 1.88%
- 6M
- 2.10%
- 1Y
- 4.67%
- 3Y*
- 5.59%
- 5Y*
- 4.14%
- 10Y*
- —
AXON
- 1D
- -1.00%
- 1M
- 12.72%
- YTD
- -22.22%
- 6M
- -21.72%
- 1Y
- -43.41%
- 3Y*
- 30.96%
- 5Y*
- 22.92%
- 10Y*
- 34.58%
PULS vs. AXON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PULS PGIM Ultra Short Bond ETF | 1.88% | 4.97% | 6.12% | 6.26% | 1.52% | 0.48% | 1.47% | 2.97% | 1.71% |
AXON Axon Enterprise, Inc. | -22.22% | -4.44% | 130.06% | 55.69% | 5.69% | 28.13% | 67.21% | 67.50% | 5.91% |
Correlation
The correlation between PULS and AXON is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | 0.04 |
The correlation between PULS and AXON shifts across timeframes, from 0.02 (3 years) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PULS vs. AXON — Risk / Return Rank
PULS
AXON
PULS vs. AXON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Ultra Short Bond ETF (PULS) and Axon Enterprise, Inc. (AXON). 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.
| PULS | AXON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +12.18 | ||
| Sortino ratioReturn per unit of downside risk | +33.95 | ||
| Omega ratioGain probability vs. loss probability | 7.59 | 0.87 | +6.72 |
| Calmar ratioReturn relative to maximum drawdown | 52.47 | -0.72 | +53.18 |
| Martin ratioReturn relative to average drawdown | 317.38 | -1.22 | +318.60 |
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Drawdowns
PULS vs. AXON - Drawdown Comparison
The maximum PULS drawdown since its inception was -5.85%, smaller than the maximum AXON drawdown of -91.78%. Use the drawdown chart below to compare losses from any high point for PULS and AXON.
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Drawdown Indicators
| PULS | AXON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.85% | -91.78% | +85.93% |
Max Drawdown (1Y)Largest decline over 1 year | -0.09% | -60.28% | +60.19% |
Max Drawdown (3Y)Largest decline over 3 years | -0.34% | -60.28% | +59.94% |
Max Drawdown (5Y)Largest decline over 5 years | -0.79% | -60.28% | +59.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.28% | — |
Current DrawdownCurrent decline from peak | 0.00% | -49.28% | +49.28% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -43.60% | +43.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 35.34% | -35.33% |
Volatility
PULS vs. AXON - Volatility Comparison
The current volatility for PGIM Ultra Short Bond ETF (PULS) is 0.11%, while Axon Enterprise, Inc. (AXON) has a volatility of 17.73%. This indicates that PULS experiences smaller price fluctuations and is considered to be less risky than AXON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PULS | AXON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.11% | 17.73% | -17.62% |
Volatility (6M)Calculated over the trailing 6-month period | 0.30% | 44.20% | -43.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.41% | 55.66% | -55.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.70% | 47.94% | -47.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.33% | 49.18% | -47.85% |
Dividends
PULS vs. AXON - Dividend Comparison
PULS's dividend yield for the trailing twelve months is around 4.57%, while AXON has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AXON Axon Enterprise, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PULS PGIM Ultra Short Bond ETF | 4.57% | 4.78% | 5.62% | 5.48% | 2.30% | 1.19% | 1.85% | 2.69% | 1.87% |
Frequently Asked Questions
PULS and AXON have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AXON has higher volatility (17.73%) compared to PULS (0.11%). In terms of maximum drawdown, PULS dropped -5.85% vs AXON's -91.78%.
PULS currently has the higher Sharpe Ratio (11.41 vs -0.78), 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.
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