PULS vs. USFR
Compare and contrast key facts about PGIM Ultra Short Bond ETF (PULS) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR).
PULS and USFR 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. USFR is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg U.S. Treasury Floating Rate Bond Index. It was launched on Feb 4, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PULS or USFR.
Key characteristics
| PULS | USFR | |
|---|---|---|
| YTD Return | 2.35% | 2.20% |
| 1Y Return | 6.60% | 5.55% |
| 3Y Return (Ann) | 3.42% | 3.09% |
| 5Y Return (Ann) | 2.78% | 2.19% |
| Sharpe Ratio | 11.93 | 15.08 |
| Daily Std Dev | 0.56% | 0.37% |
| Max Drawdown | -5.85% | -1.36% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PULS and USFR 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. USFR - Performance Comparison
In the year-to-date period, PULS achieves a 2.35% return, which is significantly higher than USFR's 2.20% 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. USFR - Expense Ratio Comparison
Both PULS and USFR have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
PULS vs. USFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Ultra Short Bond ETF (PULS) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR). 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. USFR - Dividend Comparison
PULS's dividend yield for the trailing twelve months is around 5.68%, more than USFR's 5.34% 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% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 5.34% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Drawdowns
PULS vs. USFR - Drawdown Comparison
The maximum PULS drawdown since its inception was -5.85%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for PULS and USFR. For additional features, visit the drawdowns tool.
Volatility
PULS vs. USFR - Volatility Comparison
PGIM Ultra Short Bond ETF (PULS) has a higher volatility of 0.11% compared to WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that PULS's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.