PULS vs. EMNT
Compare and contrast key facts about PGIM Ultra Short Bond ETF (PULS) and PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (EMNT).
PULS and EMNT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PULS is an actively managed fund by Prudential. It was launched on Apr 5, 2018. EMNT is an actively managed fund by PIMCO. It was launched on Dec 10, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PULS or EMNT.
Key characteristics
| PULS | EMNT | |
|---|---|---|
| YTD Return | 2.33% | 2.22% |
| 1Y Return | 6.64% | 5.98% |
| 3Y Return (Ann) | 3.42% | 2.51% |
| Sharpe Ratio | 11.88 | 5.07 |
| Daily Std Dev | 0.56% | 1.17% |
| Max Drawdown | -5.85% | -2.28% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PULS and EMNT is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PULS vs. EMNT - Performance Comparison
The year-to-date returns for both stocks are quite close, with PULS having a 2.33% return and EMNT slightly lower at 2.22%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PULS vs. EMNT - Expense Ratio Comparison
PULS has a 0.15% expense ratio, which is lower than EMNT's 0.27% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
PULS vs. EMNT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Ultra Short Bond ETF (PULS) and PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (EMNT). 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.
Dividends
PULS vs. EMNT - Dividend Comparison
PULS's dividend yield for the trailing twelve months is around 5.68%, more than EMNT's 5.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
PULS PGIM Ultra Short Bond ETF | 5.68% | 5.48% | 2.30% | 1.19% | 1.85% | 2.92% | 1.87% |
EMNT PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund | 5.04% | 4.62% | 2.79% | 0.83% | 1.44% | 0.13% | 0.00% |
Drawdowns
PULS vs. EMNT - Drawdown Comparison
The maximum PULS drawdown since its inception was -5.85%, which is greater than EMNT's maximum drawdown of -2.28%. Use the drawdown chart below to compare losses from any high point for PULS and EMNT. For additional features, visit the drawdowns tool.
Volatility
PULS vs. EMNT - Volatility Comparison
PGIM Ultra Short Bond ETF (PULS) and PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (EMNT) have volatilities of 0.12% and 0.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.