TBX vs. PULS
Compare and contrast key facts about ProShares Short 7-10 Year Treasury (TBX) and PGIM Ultra Short Bond ETF (PULS).
TBX and PULS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TBX is a passively managed fund by ProShares that tracks the performance of the ICE BofA US Treasury (7-10 Y) (-100%). It was launched on Apr 4, 2011. 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: TBX or PULS.
Key characteristics
| TBX | PULS | |
|---|---|---|
| YTD Return | 5.43% | 2.35% |
| 1Y Return | 12.13% | 6.60% |
| 3Y Return (Ann) | 8.21% | 3.42% |
| 5Y Return (Ann) | 2.84% | 2.78% |
| Sharpe Ratio | 1.49 | 11.93 |
| Daily Std Dev | 8.30% | 0.56% |
| Max Drawdown | -41.04% | -5.85% |
| Current Drawdown | -20.94% | 0.00% |
Correlation
The correlation between TBX and PULS is -0.20. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
TBX vs. PULS - Performance Comparison
In the year-to-date period, TBX achieves a 5.43% return, which is significantly higher than PULS's 2.35% 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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TBX vs. PULS - Expense Ratio Comparison
TBX has a 0.95% expense ratio, which is higher than PULS's 0.15% expense ratio.
Risk-Adjusted Performance
TBX vs. PULS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short 7-10 Year Treasury (TBX) 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
TBX vs. PULS - Dividend Comparison
TBX's dividend yield for the trailing twelve months is around 4.27%, less than PULS's 5.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
TBX ProShares Short 7-10 Year Treasury | 4.27% | 4.07% | 0.40% | 0.00% | 0.10% | 1.53% | 0.72% |
PULS PGIM Ultra Short Bond ETF | 5.68% | 5.48% | 2.30% | 1.19% | 1.85% | 2.92% | 1.87% |
Drawdowns
TBX vs. PULS - Drawdown Comparison
The maximum TBX drawdown since its inception was -41.04%, which is greater than PULS's maximum drawdown of -5.85%. Use the drawdown chart below to compare losses from any high point for TBX and PULS. For additional features, visit the drawdowns tool.
Volatility
TBX vs. PULS - Volatility Comparison
ProShares Short 7-10 Year Treasury (TBX) has a higher volatility of 1.60% compared to PGIM Ultra Short Bond ETF (PULS) at 0.11%. This indicates that TBX'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.