PULS vs. BSCP
PULS (PGIM Ultra Short Bond ETF) and BSCP (Invesco BulletShares 2025 Corporate Bond ETF) are both exchange-traded funds - PULS is a Ultrashort Bond fund actively managed by PGIM, while BSCP is a Corporate Bonds fund tracking the NASDAQ BulletShares USD Corporate Bond 2025 Index. PULS is actively managed, while BSCP is passively managed. At a 0.25 correlation, their price movements are largely independent. PULS charges 0.15%/yr vs 0.10%/yr for BSCP.
Performance
PULS vs. BSCP - Performance Comparison
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Returns By Period
PULS
- 1D
- 0.00%
- 1M
- 0.27%
- 6M
- 1.97%
- YTD
- 2.18%
- 1Y
- 4.49%
- 3Y*
- 5.47%
- 5Y*
- 4.21%
- 10Y*
- —
BSCP
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PULS vs. BSCP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PULS PGIM Ultra Short Bond ETF | 2.18% | 4.97% | 6.12% | 6.26% | 1.52% | 0.48% | 1.47% | 2.97% | 1.71% |
BSCP Invesco BulletShares 2025 Corporate Bond ETF | 0.00% | 4.19% | 5.06% | 5.11% | -5.99% | -1.37% | 8.10% | 12.76% | 1.07% |
Correlation
The correlation between PULS and BSCP 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 | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | 0.25 |
The correlation between PULS and BSCP shifts across timeframes, from 0.14 (1 year) to 0.33 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PULS vs. BSCP — Risk / Return Rank
PULS
BSCP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PULS vs. BSCP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Ultra Short Bond ETF (PULS) and Invesco BulletShares 2025 Corporate Bond ETF (BSCP). 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 | BSCP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 6.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 50.18 | — | — |
| Martin ratioReturn relative to average drawdown | 284.38 | — | — |
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Drawdowns
PULS vs. BSCP - Drawdown Comparison
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Drawdown Indicators
| PULS | BSCP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.85% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -0.09% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -0.34% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -0.79% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | — | — |
Average DrawdownAverage peak-to-trough decline | -0.09% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | — | — |
Volatility
PULS vs. BSCP - Volatility Comparison
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Volatility by Period
| PULS | BSCP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.32% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.43% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.70% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.32% | — | — |
PULS vs. BSCP - Expense Ratio Comparison
PULS has a 0.15% expense ratio, which is higher than BSCP's 0.10% 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
PULS vs. BSCP - Dividend Comparison
PULS's dividend yield for the trailing twelve months is around 4.52%, more than BSCP's 1.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSCP Invesco BulletShares 2025 Corporate Bond ETF | 1.92% | 3.99% | 3.96% | 3.39% | 2.24% | 1.93% | 2.42% | 3.12% | 3.26% | 2.93% | 2.94% | 0.75% |
PULS PGIM Ultra Short Bond ETF | 4.52% | 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
PULS and BSCP 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.
On fees, BSCP is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BSCP is cheaper with a 0.10% expense ratio, compared with 0.15% for PULS.
PULS has the higher dividend yield at 4.52%, compared with 1.92% for BSCP.
PULS is categorized as Ultrashort Bond, while BSCP is Corporate Bonds. They also come from different issuers: PGIM and Invesco. Their fees differ too: 0.15% for PULS and 0.10% for BSCP.
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