PULS vs SPSM

Comparison between PGIM ULTRA SHORT BOND ETF (PULS, ETF) and SPDR(R) PORTFOLIO S&P 600 SMALL CAP ETF (SPSM, ETF).

5-Year PerformanceSPSM has outperformed PULS, delivering a return of +6.3% compared to +4.1%

PULS vs SPSM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PULS(ETF)	SPSM(ETF)
Net Assets	$16B	$15B
Expense Ratio	0.15%	0.03%
Max Drawdown	6.13%	44.40%
Sharpe Ratio	2.79	1.53
5Y Beta	0.00	1.02
P/E Ratio	N/A	42.11
Forward P/E	N/A	15.42
5Y Dividends CAGR	25.81%	9.59%
5Y EPS CAGR	N/A	13.86%
P/S Ratio	N/A	1.12
P/B Ratio	N/A	1.97

Net Assets

Winner

PULS

$16B

SPSM

$15B

Expense Ratio

PULS

0.15%

Winner

SPSM

0.03%

Max Drawdown

Winner

PULS

6.13%

SPSM

44.40%

Sharpe Ratio

Winner

PULS

2.79

SPSM

1.53

5Y Beta

Winner

PULS

0.00

SPSM

1.02

P/E Ratio

PULS

N/A

SPSM

42.11

Forward P/E

PULS

N/A

SPSM

15.42

5Y Dividends CAGR

Winner

PULS

25.81%

SPSM

9.59%

5Y EPS CAGR

PULS

N/A

SPSM

13.86%

P/S Ratio

PULS

N/A

SPSM

1.12

P/B Ratio

PULS

N/A

SPSM

1.97

PULS vs SPSM - Historical Returns

Returns include dividend reinvestment.

Period	PULS	SPSM
1 month	+0.38%	+5.45%
3 months	+0.91%	+4.35%
6 months	+2.12%	+15.55%
1 year	+4.84%	+29.42%
5 years(CAGR)	+4.09%	+6.29%
10 years(CAGR)	+3.32%	+11.13%
Max(CAGR)	+3.32%	+9.73%

PULS

+0.38%

Winner

SPSM

+5.45%

PULS

+0.91%

Winner

SPSM

+4.35%

PULS

+2.12%

Winner

SPSM

+15.55%

PULS

+4.84%

Winner

SPSM

+29.42%

5Y(CAGR)

PULS

+4.09%

Winner

SPSM

+6.29%

10Y(CAGR)

PULS

+3.32%

Winner

SPSM

+11.13%

Max(CAGR)

PULS

+3.32%

Winner

SPSM

+9.73%

PULS vs SPSM - Annual Returns (2013 - 2026)

Returns include dividend reinvestment.

Year	PULS	SPSM
2026	+1.41%	+13.31%
2025	+4.95%	+6.16%
2024	+6.12%	+9.09%
2023	+6.24%	+16.28%
2022	+1.56%	-17.04%
2021	+0.45%	+28.01%
2020	+1.46%	+11.63%
2019	+2.99%	+25.19%
2018	+1.71%	-12.00%
2017	N/A	+14.85%
2016	N/A	+24.71%
2015	N/A	-2.60%
2014	N/A	+6.28%
2013	N/A	+15.61%

PULS vs SPSM Drawdown Comparison

The maximum drawdown for PULS was -5.85%, occurring on Mar 20, 2020. Recovery took 82 trading sessions.

The maximum drawdown for SPSM was -42.88%, occurring on Mar 23, 2020. Recovery took 212 trading sessions.

The current SPSM drawdown is -1.18%.

Rank	PULS	SPSM
#1	-5.85% Feb 21, 2020 - Jun 18, 2020	-42.88% Jan 16, 2020 - Nov 17, 2020
#2	-0.79% Mar 10, 2023 - Apr 4, 2023	-27.95% Nov 25, 2024 - Dec 11, 2025
#3	-0.54% Oct 1, 2021 - Aug 15, 2022	-26.41% Aug 31, 2018 - Jan 16, 2020
#4	-0.34% Apr 3, 2025 - Apr 24, 2025	-26.41% Nov 8, 2021 - Jul 16, 2024
#5	-0.20% May 4, 2023 - May 23, 2023	-25.40% Jun 23, 2015 - Nov 11, 2016
#6	-0.19% Jun 28, 2019 - Jul 26, 2019	-12.78% Jul 1, 2014 - Dec 23, 2014
#7	-0.14% Aug 1, 2019 - Aug 23, 2019	-10.08% Mar 4, 2014 - Jul 1, 2014
#8	-0.12% Jul 7, 2020 - Jul 14, 2020	-9.88% Jun 8, 2021 - Nov 1, 2021
#9	-0.10% Oct 11, 2022 - Oct 21, 2022	-9.27% Mar 12, 2021 - Jun 1, 2021
#10	-0.10% Sep 23, 2022 - Oct 11, 2022	-9.12% Jan 23, 2018 - May 16, 2018
#11	-0.10% Apr 9, 2024 - Apr 11, 2024	-9.08% Jul 31, 2024 - Oct 16, 2024
#12	-0.10% Aug 2, 2024 - Aug 12, 2024	-8.72% Feb 10, 2026 - Apr 14, 2026
#13	-0.09% Sep 7, 2022 - Sep 16, 2022	-7.21% Jan 22, 2014 - Feb 26, 2014
#14	-0.09% Feb 27, 2026 - Mar 17, 2026	-6.49% Jul 25, 2017 - Sep 25, 2017
#15	-0.08% Nov 10, 2022 - Nov 17, 2022	-5.12% Apr 15, 2015 - Jun 18, 2015

Correlation

Correlation between PULS and SPSM is 0.84 which considered as a strong positive correlation - the stocks tend to move together.

0.84

-101

Dividend Comparison (2013 - 2026)

PULS vs SPSM dividend yield comparison.

Year	PULS	SPSM
2026	1.40%	0.31%
2025	4.78%	1.62%
2024	5.62%	1.85%
2023	5.48%	1.61%
2022	2.30%	1.38%
2021	1.19%	1.40%
2020	1.85%	1.34%
2019	2.69%	1.58%
2018	1.87%	1.82%
2017	0.00%	1.51%
2016	0.00%	1.49%
2015	0.00%	2.37%
2014	0.00%	1.70%
2013	0.00%	0.68%