PULS vs VMBS

Comparison between PGIM ULTRA SHORT BOND ETF (PULS, ETF) and VANGUARD MORTGAGE-BACKED SECURITIES INDEX FUND ETF SHARES (VMBS, ETF).

5-Year PerformancePULS has outperformed VMBS, delivering a return of +4.2% compared to +0.4%

PULS vs VMBS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PULS(ETF)	VMBS(ETF)
Net Assets	$17B	$17B
Expense Ratio	0.15%	0.03%
Max Drawdown	6.13%	22.61%
Sharpe Ratio	1.48	0.29
5Y Beta	0.00	0.04
5Y Dividends CAGR	27.05%	21.06%

Net Assets

Winner

PULS

$17B

VMBS

$17B

Expense Ratio

PULS

0.15%

Winner

VMBS

0.03%

Max Drawdown

Winner

PULS

6.13%

VMBS

22.61%

Sharpe Ratio

Winner

PULS

1.48

VMBS

0.29

5Y Beta

Winner

PULS

0.00

VMBS

0.04

5Y Dividends CAGR

Winner

PULS

27.05%

VMBS

21.06%

PULS vs VMBS - Historical Returns

Returns include dividend reinvestment.

Period	PULS	VMBS
1 month	+0.33%	-0.46%
3 months	+1.01%	-0.48%
6 months	+1.97%	+0.17%
1 year	+4.47%	+4.84%
5 years(CAGR)	+4.22%	+0.42%
10 years(CAGR)	+3.33%	+1.28%
Max(CAGR)	+3.33%	+2.06%

Winner

PULS

+0.33%

VMBS

-0.46%

Winner

PULS

+1.01%

VMBS

-0.48%

Winner

PULS

+1.97%

VMBS

+0.17%

PULS

+4.47%

Winner

VMBS

+4.84%

5Y(CAGR)

Winner

PULS

+4.22%

VMBS

+0.42%

10Y(CAGR)

Winner

PULS

+3.33%

VMBS

+1.28%

Max(CAGR)

Winner

PULS

+3.33%

VMBS

+2.06%

PULS vs VMBS - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	PULS	VMBS
2026	+2.17%	+0.49%
2025	+4.95%	+8.50%
2024	+6.12%	+2.27%
2023	+6.24%	+4.56%
2022	+1.56%	-11.51%
2021	+0.45%	-1.30%
2020	+1.46%	+3.66%
2019	+2.99%	+6.04%
2018	+1.71%	+0.95%
2017	N/A	+2.35%
2016	N/A	+1.28%
2015	N/A	+1.42%
2014	N/A	+5.91%
2013	N/A	-1.21%
2012	N/A	+2.35%
2011	N/A	+5.83%
2010	N/A	+5.12%
2009	N/A	-1.00%

PULS vs VMBS Drawdown Comparison

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

The maximum drawdown for VMBS was -17.47%, occurring on Oct 20, 2022. Recovery took 1201 trading sessions.

The current VMBS drawdown is -1.62%.

Rank	PULS	VMBS
#1	-5.85% Feb 21, 2020 - Jun 18, 2020	-17.47% Jan 5, 2021 - Oct 16, 2025
#2	-0.79% Mar 10, 2023 - Apr 4, 2023	-5.08% Mar 9, 2020 - Mar 27, 2020
#3	-0.54% Oct 1, 2021 - Aug 15, 2022	-4.00% Sep 26, 2012 - Mar 3, 2014
#4	-0.34% Apr 3, 2025 - Apr 24, 2025	-3.26% Sep 27, 2016 - Aug 3, 2017
#5	-0.20% May 4, 2023 - May 23, 2023	-2.81% Sep 7, 2017 - Dec 28, 2018
#6	-0.19% Jun 28, 2019 - Jul 26, 2019	-2.79% Nov 4, 2010 - Mar 16, 2011
#7	-0.14% Aug 1, 2019 - Aug 23, 2019	-2.68% Feb 27, 2026 - May 19, 2026
#8	-0.12% Jul 7, 2020 - Jul 14, 2020	-1.50% Apr 24, 2015 - Sep 17, 2015
#9	-0.10% Oct 11, 2022 - Oct 21, 2022	-1.47% Nov 30, 2009 - Feb 4, 2010
#10	-0.10% Sep 23, 2022 - Oct 11, 2022	-1.33% Mar 16, 2011 - Apr 18, 2011
#11	-0.10% Apr 9, 2024 - Apr 11, 2024	-1.30% Sep 22, 2011 - Dec 7, 2011
#12	-0.10% Aug 2, 2024 - Aug 12, 2024	-1.13% Mar 23, 2010 - May 7, 2010
#13	-0.09% Sep 7, 2022 - Sep 16, 2022	-1.01% Jun 8, 2011 - Jul 29, 2011
#14	-0.09% Feb 27, 2026 - Mar 17, 2026	-0.95% Aug 18, 2011 - Sep 22, 2011
#15	-0.08% Nov 10, 2022 - Nov 17, 2022	-0.91% Oct 19, 2015 - Jan 7, 2016

Correlation

Correlation between PULS and VMBS is 0.31 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.31

-101

Dividend Comparison (2009 - 2026)

PULS vs VMBS dividend yield comparison.

Year	PULS	VMBS
2026	2.09%	2.11%
2025	4.78%	4.20%
2024	5.62%	3.94%
2023	5.48%	3.31%
2022	2.30%	2.35%
2021	1.19%	1.02%
2020	1.85%	2.01%
2019	2.69%	2.77%
2018	1.87%	2.72%
2017	0.00%	2.16%
2016	0.00%	2.10%
2015	0.00%	2.12%
2014	0.00%	1.90%
2013	0.00%	0.99%
2012	0.00%	1.62%
2011	0.00%	2.65%
2010	0.00%	3.88%
2009	0.00%	0.20%