PULS vs. FIVFX

Last updated Jun 14, 2026

PULS (PGIM Ultra Short Bond ETF) and FIVFX (Fidelity International Capital Appreciation Fund) are both funds - PULS is a Ultrashort Bond fund actively managed by PGIM, while FIVFX is a Foreign Large Cap Equities fund managed by Fidelity. At a 0.08 correlation, their price movements are largely independent. PULS charges 0.15%/yr vs 1.00%/yr for FIVFX.

Performance

PULS vs. FIVFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Ultra Short Bond ETF (PULS) and Fidelity International Capital Appreciation Fund (FIVFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PULS

• 1D: 0.04%
• 1M: 0.38%
• YTD: 1.88%
• 6M: 2.10%
• 1Y: 4.67%
• 3Y*: 5.59%
• 5Y*: 4.14%
• 10Y*: —

FIVFX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PULS vs. FIVFX - 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%
FIVFX Fidelity International Capital Appreciation Fund	0.00%	19.54%	8.05%	27.58%	-26.48%	12.14%	22.32%	33.05%	-12.54%

Correlation

The correlation between PULS and FIVFX is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018	0.08

Return for Risk

PULS vs. FIVFX — Risk / Return Rank

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

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

FIVFX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

PULS vs. FIVFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Ultra Short Bond ETF (PULS) and Fidelity International Capital Appreciation Fund (FIVFX). 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	FIVFX	Difference
Sharpe ratio: Return per unit of total volatility	11.41	—	—
Sortino ratio: Return per unit of downside risk	32.91	—	—
Omega ratio: Gain probability vs. loss probability	7.59	—	—
Calmar ratio: Return relative to maximum drawdown	52.47	—	—
Martin ratio: Return relative to average drawdown	317.38	—	—

Drawdowns

Drawdown Indicators

	PULS	FIVFX	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-0.09%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	—	—

Volatility

Volatility by Period

	PULS	FIVFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.30%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.41%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.70%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.33%	—	—

PULS vs. FIVFX - Expense Ratio Comparison

PULS has a 0.15% expense ratio, which is lower than FIVFX's 1.00% expense ratio.

Dividends

PULS vs. FIVFX - Dividend Comparison

PULS's dividend yield for the trailing twelve months is around 4.57%, while FIVFX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIVFX Fidelity International Capital Appreciation Fund	10.67%	10.67%	4.19%	0.38%	0.05%	9.08%	1.28%	3.29%	3.00%	2.99%	0.68%	1.57%
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 PULS and FIVFX in my portfolio?

PULS and FIVFX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.