SPAXX vs. PULS
Compare and contrast key facts about Fidelity Government Money Market Fund (SPAXX) and PGIM Ultra Short Bond ETF (PULS).
SPAXX is managed by Fidelity. It was launched on Feb 5, 1990. PULS is an actively managed fund by Prudential. It was launched on Apr 5, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPAXX or PULS.
Key characteristics
| SPAXX | PULS | |
|---|---|---|
| YTD Return | 0.86% | 5.37% |
| 1Y Return | 1.27% | 6.63% |
| 3Y Return (Ann) | 2.28% | 4.36% |
| 5Y Return (Ann) | 1.43% | 3.09% |
| Sharpe Ratio | 2.27 | 12.38 |
| Ulcer Index | 0.00% | 0.02% |
| Daily Std Dev | 0.79% | 0.54% |
| Max Drawdown | 0.00% | -5.85% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between SPAXX and PULS is 0.05, 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
SPAXX vs. PULS - Performance Comparison
In the year-to-date period, SPAXX achieves a 0.86% return, which is significantly lower than PULS's 5.37% 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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SPAXX vs. PULS - Expense Ratio Comparison
Risk-Adjusted Performance
SPAXX vs. PULS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Government Money Market Fund (SPAXX) and PGIM Ultra Short Bond ETF (PULS). 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
SPAXX vs. PULS - Dividend Comparison
SPAXX's dividend yield for the trailing twelve months is around 4.93%, less than PULS's 5.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
SPAXX Fidelity Government Money Market Fund | 4.93% | 4.68% | 1.30% | 0.01% | 0.26% | 0.98% | 0.00% | 0.00% |
PULS PGIM Ultra Short Bond ETF | 5.70% | 5.48% | 2.30% | 1.19% | 1.85% | 2.92% | 1.87% | 0.00% |
Drawdowns
SPAXX vs. PULS - Drawdown Comparison
The maximum SPAXX drawdown since its inception was 0.00%, smaller than the maximum PULS drawdown of -5.85%. Use the drawdown chart below to compare losses from any high point for SPAXX and PULS. For additional features, visit the drawdowns tool.
Volatility
SPAXX vs. PULS - Volatility Comparison
The current volatility for Fidelity Government Money Market Fund (SPAXX) is 0.00%, while PGIM Ultra Short Bond ETF (PULS) has a volatility of 0.16%. This indicates that SPAXX experiences smaller price fluctuations and is considered to be less risky than PULS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.