PULS vs. TDG
PULS (PGIM Ultra Short Bond ETF) is Ultrashort Bond fund actively managed by PGIM, while TDG (TransDigm Group Incorporated) is a stock. Over the past 5 years, PULS returned 4.14%/yr vs 17.95%/yr for TDG. At a 0.09 correlation, their price movements are largely independent.
Performance
PULS vs. TDG - 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 TDG's -5.55% return.
PULS
- 1D
- 0.04%
- 1M
- 0.38%
- YTD
- 1.88%
- 6M
- 2.10%
- 1Y
- 4.67%
- 3Y*
- 5.59%
- 5Y*
- 4.14%
- 10Y*
- —
TDG
- 1D
- -0.12%
- 1M
- 9.32%
- YTD
- -5.55%
- 6M
- -2.98%
- 1Y
- -6.75%
- 3Y*
- 22.32%
- 5Y*
- 17.95%
- 10Y*
- 22.72%
PULS vs. TDG - 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% |
TDG TransDigm Group Incorporated | -5.55% | 12.15% | 32.27% | 66.57% | 1.77% | 2.82% | 10.51% | 84.41% | 12.16% |
Correlation
The correlation between PULS and TDG is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | 0.09 |
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Return for Risk
PULS vs. TDG — Risk / Return Rank
PULS
TDG
PULS vs. TDG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Ultra Short Bond ETF (PULS) and TransDigm Group Incorporated (TDG). 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 | TDG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +11.64 | ||
| Sortino ratioReturn per unit of downside risk | +33.03 | ||
| Omega ratioGain probability vs. loss probability | 7.59 | 0.98 | +6.61 |
| Calmar ratioReturn relative to maximum drawdown | 52.47 | -0.26 | +52.73 |
| Martin ratioReturn relative to average drawdown | 317.38 | -0.44 | +317.82 |
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Drawdowns
PULS vs. TDG - Drawdown Comparison
The maximum PULS drawdown since its inception was -5.85%, smaller than the maximum TDG drawdown of -62.64%. Use the drawdown chart below to compare losses from any high point for PULS and TDG.
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Drawdown Indicators
| PULS | TDG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.85% | -62.64% | +56.79% |
Max Drawdown (1Y)Largest decline over 1 year | -0.09% | -25.30% | +25.21% |
Max Drawdown (3Y)Largest decline over 3 years | -0.34% | -25.30% | +24.96% |
Max Drawdown (5Y)Largest decline over 5 years | -0.79% | -25.30% | +24.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.64% | — |
Current DrawdownCurrent decline from peak | 0.00% | -17.18% | +17.18% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -7.95% | +7.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 14.75% | -14.74% |
Volatility
PULS vs. TDG - Volatility Comparison
The current volatility for PGIM Ultra Short Bond ETF (PULS) is 0.11%, while TransDigm Group Incorporated (TDG) has a volatility of 9.84%. This indicates that PULS experiences smaller price fluctuations and is considered to be less risky than TDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PULS | TDG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.11% | 9.84% | -9.73% |
Volatility (6M)Calculated over the trailing 6-month period | 0.30% | 21.88% | -21.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.41% | 28.32% | -27.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.70% | 27.96% | -27.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.33% | 33.83% | -32.50% |
Dividends
PULS vs. TDG - Dividend Comparison
PULS's dividend yield for the trailing twelve months is around 4.57%, less than TDG's 7.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TDG TransDigm Group Incorporated | 7.17% | 6.77% | 5.92% | 3.46% | 2.94% | 0.00% | 0.00% | 11.16% | 0.00% | 8.01% | 9.64% |
Frequently Asked Questions
PULS and TDG have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TDG has higher volatility (9.84%) compared to PULS (0.11%). In terms of maximum drawdown, PULS dropped -5.85% vs TDG's -62.64%.
PULS currently has the higher Sharpe Ratio (11.41 vs -0.23), 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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