WMB vs. PULS

Last updated Jun 13, 2026

WMB (The Williams Companies, Inc.) is a stock, while PULS (PGIM Ultra Short Bond ETF) is Ultrashort Bond fund actively managed by PGIM. Over the past 5 years, WMB returned 26.67%/yr vs 4.14%/yr for PULS. At a 0.04 correlation, their price movements are largely independent.

Performance

WMB vs. PULS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Williams Companies, Inc. (WMB) and PGIM Ultra Short Bond ETF (PULS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WMB achieves a 21.67% return, which is significantly higher than PULS's 1.88% return.

WMB

• 1D: 1.39%
• 1M: -6.57%
• YTD: 21.67%
• 6M: 22.42%
• 1Y: 24.40%
• 3Y*: 38.58%
• 5Y*: 26.67%
• 10Y*: 19.28%

PULS

• 1D: 0.04%
• 1M: 0.38%
• YTD: 1.88%
• 6M: 2.10%
• 1Y: 4.67%
• 3Y*: 5.59%
• 5Y*: 4.14%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

WMB vs. PULS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
WMB The Williams Companies, Inc.	21.67%	14.91%	62.35%	11.86%	32.83%	38.36%	-8.20%	14.18%	-5.98%
PULS PGIM Ultra Short Bond ETF	1.88%	4.97%	6.12%	6.26%	1.52%	0.48%	1.47%	2.97%	1.71%

Correlation

The correlation between WMB and PULS is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018	0.04

Return for Risk

WMB vs. PULS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WMB

WMB Risk / Return Rank: 72
WMB Sharpe Ratio Rank: 75
WMB Sortino Ratio Rank: 69
WMB Omega Ratio Rank: 67
WMB Calmar Ratio Rank: 76
WMB Martin Ratio Rank: 74

PULS

PULS Risk / Return Rank: 99
PULS Sharpe Ratio Rank: 100
PULS Sortino Ratio Rank: 99
PULS Omega Ratio Rank: 99
PULS Calmar Ratio Rank: 99
PULS Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WMB vs. PULS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Williams Companies, Inc. (WMB) 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.

	WMB	PULS	Difference
Sharpe ratio: Return per unit of total volatility	1.08	11.41	-10.32
Sortino ratio: Return per unit of downside risk	1.56	32.91	-31.35
Omega ratio: Gain probability vs. loss probability	1.20	7.59	-6.39
Calmar ratio: Return relative to maximum drawdown	2.02	52.47	-50.45
Martin ratio: Return relative to average drawdown	4.27	317.38	-313.11

WMB vs. PULS - Sharpe Ratio Comparison

The current WMB Sharpe Ratio is 1.08, which is lower than the PULS Sharpe Ratio of 11.41. The chart below compares the historical Sharpe Ratios of WMB and PULS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WMB vs. PULS - Drawdown Comparison

The maximum WMB drawdown since its inception was -98.03%, which is greater than PULS's maximum drawdown of -5.85%. Use the drawdown chart below to compare losses from any high point for WMB and PULS.

Drawdown Indicators

	WMB	PULS	Difference
Max Drawdown Largest peak-to-trough decline	-98.03%	-5.85%	-92.18%
Max Drawdown (1Y) Largest decline over 1 year	-12.36%	-0.09%	-12.27%
Max Drawdown (3Y) Largest decline over 3 years	-12.36%	-0.34%	-12.02%
Max Drawdown (5Y) Largest decline over 5 years	-23.01%	-0.79%	-22.22%
Max Drawdown (10Y) Largest decline over 10 years	-68.08%	—	—
Current Drawdown Current decline from peak	-8.55%	0.00%	-8.55%
Average Drawdown Average peak-to-trough decline	-27.07%	-0.09%	-26.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.82%	0.01%	+5.81%

Volatility

WMB vs. PULS - Volatility Comparison

The Williams Companies, Inc. (WMB) has a higher volatility of 7.36% compared to PGIM Ultra Short Bond ETF (PULS) at 0.11%. This indicates that WMB'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.

Volatility by Period

	WMB	PULS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.36%	0.11%	+7.25%
Volatility (6M) Calculated over the trailing 6-month period	15.58%	0.30%	+15.28%
Volatility (1Y) Calculated over the trailing 1-year period	23.00%	0.41%	+22.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.62%	0.70%	+22.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.95%	1.33%	+29.62%

Dividends

WMB vs. PULS - Dividend Comparison

WMB's dividend yield for the trailing twelve months is around 3.54%, less than PULS's 4.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
WMB The Williams Companies, Inc.	2.84%	3.33%	3.51%	5.14%	5.17%	6.30%	7.98%	6.41%	6.17%	3.94%	5.39%	9.53%

Frequently Asked Questions

Can I hold both WMB and PULS in my portfolio?

WMB and PULS have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WMB or PULS?

WMB has higher volatility (7.36%) compared to PULS (0.11%). In terms of maximum drawdown, WMB dropped -98.03% vs PULS's -5.85%.

Which has better risk-adjusted returns?

PULS currently has the higher Sharpe Ratio (11.41 vs 1.08), 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.