PULS vs. JPSE
Compare and contrast key facts about PGIM Ultra Short Bond ETF (PULS) and JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE).
PULS and JPSE 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. JPSE is a passively managed fund by JPMorgan Chase that tracks the performance of the JPMorgan Diversified Factor US Small Cap Equity Index. It was launched on Nov 15, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PULS or JPSE.
Key characteristics
| PULS | JPSE | |
|---|---|---|
| YTD Return | 2.33% | 1.83% |
| 1Y Return | 6.64% | 19.72% |
| 3Y Return (Ann) | 3.42% | 2.66% |
| 5Y Return (Ann) | 2.78% | 9.68% |
| Sharpe Ratio | 11.88 | 1.10 |
| Daily Std Dev | 0.56% | 17.66% |
| Max Drawdown | -5.85% | -43.02% |
| Current Drawdown | 0.00% | -2.55% |
Correlation
The correlation between PULS and JPSE is 0.06, 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. JPSE - Performance Comparison
In the year-to-date period, PULS achieves a 2.33% return, which is significantly higher than JPSE's 1.83% return. 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. JPSE - Expense Ratio Comparison
PULS has a 0.15% expense ratio, which is lower than JPSE's 0.29% expense ratio.
Risk-Adjusted Performance
PULS vs. JPSE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Ultra Short Bond ETF (PULS) and JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE). 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. JPSE - Dividend Comparison
PULS's dividend yield for the trailing twelve months is around 5.68%, more than JPSE's 1.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
PULS PGIM Ultra Short Bond ETF | 5.68% | 5.48% | 2.30% | 1.19% | 1.85% | 2.92% | 1.87% | 0.00% | 0.00% |
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF | 1.78% | 1.76% | 1.55% | 1.24% | 1.32% | 1.23% | 1.18% | 0.74% | 0.14% |
Drawdowns
PULS vs. JPSE - Drawdown Comparison
The maximum PULS drawdown since its inception was -5.85%, smaller than the maximum JPSE drawdown of -43.02%. Use the drawdown chart below to compare losses from any high point for PULS and JPSE. For additional features, visit the drawdowns tool.
Volatility
PULS vs. JPSE - Volatility Comparison
The current volatility for PGIM Ultra Short Bond ETF (PULS) is 0.12%, while JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) has a volatility of 3.99%. This indicates that PULS experiences smaller price fluctuations and is considered to be less risky than JPSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.