VMBS vs PULS

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

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

VMBS vs PULS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

VMBS

$17B

Winner

PULS

$17B

Expense Ratio

Winner

VMBS

0.03%

PULS

0.15%

Max Drawdown

VMBS

22.61%

Winner

PULS

6.13%

Sharpe Ratio

VMBS

0.29

Winner

PULS

1.48

5Y Beta

VMBS

0.04

Winner

PULS

0.00

5Y Dividends CAGR

VMBS

21.06%

Winner

PULS

27.05%

VMBS vs PULS - Historical Returns

Returns include dividend reinvestment.

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

VMBS

-0.46%

Winner

PULS

+0.33%

VMBS

-0.48%

Winner

PULS

+1.01%

VMBS

+0.17%

Winner

PULS

+1.97%

Winner

VMBS

+4.84%

PULS

+4.47%

5Y(CAGR)

VMBS

+0.42%

Winner

PULS

+4.22%

10Y(CAGR)

VMBS

+1.28%

Winner

PULS

+3.33%

Max(CAGR)

VMBS

+2.06%

Winner

PULS

+3.33%

VMBS vs PULS - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

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

VMBS vs PULS Drawdown Comparison

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

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

The current VMBS drawdown is -1.62%.

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

Correlation

Correlation between VMBS and PULS 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)

VMBS vs PULS dividend yield comparison.

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