PULS vs. TSSI
PULS (PGIM Ultra Short Bond ETF) is Ultrashort Bond fund actively managed by PGIM, while TSSI (TSS, Inc) is a stock. Over the past 5 years, PULS returned 4.14%/yr vs 90.45%/yr for TSSI. At a 0.03 correlation, their price movements are largely independent.
Performance
PULS vs. TSSI - Performance Comparison
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Returns By Period
In the year-to-date period, PULS achieves a 1.88% return, which is significantly lower than TSSI's 80.76% return.
PULS
- 1D
- 0.04%
- 1M
- 0.38%
- YTD
- 1.88%
- 6M
- 2.10%
- 1Y
- 4.67%
- 3Y*
- 5.59%
- 5Y*
- 4.14%
- 10Y*
- —
TSSI
- 1D
- 4.24%
- 1M
- 14.93%
- YTD
- 80.76%
- 6M
- 68.60%
- 1Y
- -30.51%
- 3Y*
- 216.00%
- 5Y*
- 90.45%
- 10Y*
- 54.49%
PULS vs. TSSI - 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% |
TSSI TSS, Inc | 80.76% | -40.39% | 4,292.59% | -51.60% | 23.96% | -36.62% | -56.44% | 94.05% | 64.71% |
Correlation
The correlation between PULS and TSSI is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | 0.03 |
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Return for Risk
PULS vs. TSSI — Risk / Return Rank
PULS
TSSI
PULS vs. TSSI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Ultra Short Bond ETF (PULS) and TSS, Inc (TSSI). 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 | TSSI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +11.75 | ||
| Sortino ratioReturn per unit of downside risk | +32.67 | ||
| Omega ratioGain probability vs. loss probability | 7.59 | 1.03 | +6.56 |
| Calmar ratioReturn relative to maximum drawdown | 52.47 | -0.48 | +52.95 |
| Martin ratioReturn relative to average drawdown | 317.38 | -0.68 | +318.06 |
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Drawdowns
PULS vs. TSSI - Drawdown Comparison
The maximum PULS drawdown since its inception was -5.85%, smaller than the maximum TSSI drawdown of -98.68%. Use the drawdown chart below to compare losses from any high point for PULS and TSSI.
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Drawdown Indicators
| PULS | TSSI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.85% | -98.68% | +92.83% |
Max Drawdown (1Y)Largest decline over 1 year | -0.09% | -77.75% | +77.66% |
Max Drawdown (3Y)Largest decline over 3 years | -0.34% | -77.75% | +77.41% |
Max Drawdown (5Y)Largest decline over 5 years | -0.79% | -77.75% | +76.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -84.66% | — |
Current DrawdownCurrent decline from peak | 0.00% | -58.91% | +58.91% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -66.71% | +66.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 55.54% | -55.53% |
Volatility
PULS vs. TSSI - Volatility Comparison
The current volatility for PGIM Ultra Short Bond ETF (PULS) is 0.11%, while TSS, Inc (TSSI) has a volatility of 30.02%. This indicates that PULS experiences smaller price fluctuations and is considered to be less risky than TSSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PULS | TSSI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.11% | 30.02% | -29.91% |
Volatility (6M)Calculated over the trailing 6-month period | 0.30% | 73.94% | -73.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.41% | 111.77% | -111.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.70% | 111.09% | -110.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.33% | 222.75% | -221.42% |
Dividends
PULS vs. TSSI - Dividend Comparison
PULS's dividend yield for the trailing twelve months is around 4.57%, while TSSI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
PULS PGIM Ultra Short Bond ETF | 4.57% | 4.78% | 5.62% | 5.48% | 2.30% | 1.19% | 1.85% | 2.69% | 1.87% |
TSSI TSS, Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PULS and TSSI have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSSI has higher volatility (30.02%) compared to PULS (0.11%). In terms of maximum drawdown, PULS dropped -5.85% vs TSSI's -98.68%.
PULS currently has the higher Sharpe Ratio (11.41 vs -0.34), 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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