XSH.TO vs. PULS
Compare and contrast key facts about iShares Core Canadian Short Term Corporate Bond Index ETF (XSH.TO) and PGIM Ultra Short Bond ETF (PULS).
XSH.TO and PULS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XSH.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can 1-5Y Core Bd GR CAD. It was launched on Sep 13, 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: XSH.TO or PULS.
Key characteristics
| XSH.TO | PULS | |
|---|---|---|
| YTD Return | 5.60% | 4.51% |
| 1Y Return | 10.95% | 6.52% |
| 3Y Return (Ann) | 2.26% | 4.08% |
| 5Y Return (Ann) | 2.74% | 3.01% |
| Sharpe Ratio | 3.71 | 12.55 |
| Daily Std Dev | 2.86% | 0.52% |
| Max Drawdown | -14.24% | -5.85% |
| Current Drawdown | -0.05% | 0.00% |
Correlation
The correlation between XSH.TO and PULS is 0.15, 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
XSH.TO vs. PULS - Performance Comparison
In the year-to-date period, XSH.TO achieves a 5.60% return, which is significantly higher than PULS's 4.51% 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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XSH.TO vs. PULS - Expense Ratio Comparison
XSH.TO has a 0.10% expense ratio, which is lower than PULS's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
XSH.TO vs. PULS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Canadian Short Term Corporate Bond Index ETF (XSH.TO) 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
XSH.TO vs. PULS - Dividend Comparison
XSH.TO's dividend yield for the trailing twelve months is around 3.51%, less than PULS's 5.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XSH.TO iShares Core Canadian Short Term Corporate Bond Index ETF | 3.51% | 3.24% | 2.97% | 2.65% | 2.61% | 2.80% | 2.86% | 2.93% | 3.08% | 3.18% | 3.17% | 3.28% |
PULS PGIM Ultra Short Bond ETF | 5.73% | 5.48% | 2.30% | 1.19% | 1.85% | 2.92% | 1.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XSH.TO vs. PULS - Drawdown Comparison
The maximum XSH.TO drawdown since its inception was -14.24%, which is greater than PULS's maximum drawdown of -5.85%. Use the drawdown chart below to compare losses from any high point for XSH.TO and PULS. For additional features, visit the drawdowns tool.
Volatility
XSH.TO vs. PULS - Volatility Comparison
iShares Core Canadian Short Term Corporate Bond Index ETF (XSH.TO) has a higher volatility of 1.50% compared to PGIM Ultra Short Bond ETF (PULS) at 0.18%. This indicates that XSH.TO'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.