STOT vs. PULS
STOT (State Street DoubleLine Short Duration Total Return Tactical ETF) and PULS (PGIM Ultra Short Bond ETF) are both exchange-traded funds - STOT is a Short-Term Bond fund tracking the Bloomberg U.S. Aggregate 1-3 Year Index, while PULS is a Ultrashort Bond fund actively managed by PGIM. STOT is passively managed, while PULS is actively managed. Over the past 5 years, STOT returned 2.82%/yr vs 4.16%/yr for PULS. At a 0.24 correlation, their price movements are largely independent. STOT charges 0.45%/yr vs 0.15%/yr for PULS.
Performance
STOT vs. PULS - Performance Comparison
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Returns By Period
In the year-to-date period, STOT achieves a 1.06% return, which is significantly lower than PULS's 1.90% return.
STOT
- 1D
- -0.05%
- 1M
- 0.14%
- YTD
- 1.06%
- 6M
- 1.20%
- 1Y
- 3.99%
- 3Y*
- 5.23%
- 5Y*
- 2.82%
- 10Y*
- 2.43%
PULS
- 1D
- 0.00%
- 1M
- 0.26%
- YTD
- 1.90%
- 6M
- 2.03%
- 1Y
- 4.59%
- 3Y*
- 5.51%
- 5Y*
- 4.16%
- 10Y*
- —
STOT vs. PULS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
STOT State Street DoubleLine Short Duration Total Return Tactical ETF | 1.06% | 5.56% | 5.26% | 6.39% | -3.75% | 0.27% | 2.43% | 4.40% | 1.40% |
PULS PGIM Ultra Short Bond ETF | 1.90% | 4.97% | 6.12% | 6.26% | 1.52% | 0.48% | 1.47% | 2.97% | 1.71% |
Correlation
The correlation between STOT and PULS is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | 0.24 |
Over the past year, STOT and PULS have become more correlated (0.45) than their long-term average of 0.24, meaning their price movements have been converging.
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Return for Risk
STOT vs. PULS — Risk / Return Rank
STOT
PULS
STOT vs. PULS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street DoubleLine Short Duration Total Return Tactical ETF (STOT) 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.
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.
| STOT | PULS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.21 | ||
| Sortino ratioReturn per unit of downside risk | -22.46 | ||
| Omega ratioGain probability vs. loss probability | 1.72 | 6.78 | -5.05 |
| Calmar ratioReturn relative to maximum drawdown | 5.24 | 51.29 | -46.05 |
| Martin ratioReturn relative to average drawdown | 22.76 | 293.54 | -270.78 |
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Drawdowns
STOT vs. PULS - Drawdown Comparison
The maximum STOT drawdown since its inception was -6.07%, roughly equal to the maximum PULS drawdown of -5.85%. Use the drawdown chart below to compare losses from any high point for STOT and PULS.
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Drawdown Indicators
| STOT | PULS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.07% | -5.85% | -0.22% |
Max Drawdown (1Y)Largest decline over 1 year | -0.76% | -0.09% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -0.76% | -0.34% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -6.07% | -0.79% | -5.28% |
Max Drawdown (10Y)Largest decline over 10 years | -6.07% | — | — |
Current DrawdownCurrent decline from peak | -0.14% | 0.00% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -0.83% | -0.09% | -0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | 0.02% | +0.16% |
Volatility
STOT vs. PULS - Volatility Comparison
State Street DoubleLine Short Duration Total Return Tactical ETF (STOT) has a higher volatility of 0.37% compared to PGIM Ultra Short Bond ETF (PULS) at 0.15%. This indicates that STOT's price experiences larger fluctuations and is considered to be riskier than PULS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STOT | PULS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.37% | 0.15% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 0.87% | 0.32% | +0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.13% | 0.43% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.73% | 0.70% | +1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.20% | 1.33% | +0.87% |
STOT vs. PULS - Expense Ratio Comparison
STOT has a 0.45% expense ratio, which is higher than PULS's 0.15% expense ratio.
Dividends
STOT vs. PULS - Dividend Comparison
STOT's dividend yield for the trailing twelve months is around 4.41%, less than PULS's 4.57% 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% |
STOT State Street DoubleLine Short Duration Total Return Tactical ETF | 4.41% | 4.52% | 5.10% | 4.53% | 2.54% | 1.76% | 1.66% | 2.61% | 2.50% | 1.95% | 2.08% |
Frequently Asked Questions
STOT and PULS have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STOT has higher volatility (0.37%) compared to PULS (0.15%). In terms of maximum drawdown, STOT dropped -6.07% vs PULS's -5.85%.
On 5-year performance, PULS leads with 4.16% vs 2.82% for STOT. On fees, PULS is cheaper at 0.15% per year. On volatility, PULS has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PULS has performed better with a 4.16% return vs 2.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PULS is cheaper with a 0.15% expense ratio, compared with 0.45% for STOT.
PULS has the higher dividend yield at 4.57%, compared with 4.41% for STOT.
STOT is categorized as Short-Term Bond, while PULS is Ultrashort Bond. They also come from different issuers: State Street and PGIM. Their fees differ too: 0.45% for STOT and 0.15% for PULS.
PULS currently has the higher Sharpe Ratio (10.75 vs 3.54), 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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