PULSvsSPMBETF Comparison
VS
ETF 2
SPMB
State Street State Street SPDR Portfolio Mortgage Backed Bond ETF
This fund is part of
MBS & ABS
-0.05%
PGIM Ultra Short Bond ETF (PULS) belongs to the Money Market Bonds segment. State Street State Street SPDR Portfolio Mortgage Backed Bond ETF (SPMB) is part of the MBS & ABS segment. PULS's top 3 sector exposures are Finance, Industrials and Consumer Non-Cyclicals. In contrast, SPMB's top sector exposures are Industrials, Finance and Government Agencies. PULS is more expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.04% for SPMB. PULS is up 2.81% year-to-date (YTD) with +$5.70B in YTD flows. SPMB performs worse with -1.36% YTD performance, and +$655M in YTD flows. Run a side-by-side ETF comparison of PULS and SPMB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
PULS vs SPMB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PULS SPMB | +0.34%-1.67% | +0.98%-2.35% | +2.81%-1.36% | +4.24%-0.49% | +16.92%+13.39% | +23.53%-0.90% |
| Flows | PULS SPMB | +$572M+$64M | +$1.93B+$236M | +$5.70B+$655M | +$6.56B+$936M | +$13.70B+$2.59B | +$17.13B+$3.75B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PULS SPMB | +0.30%+4.86% | +0.29%+4.26% | +0.32%+5.94% | +0.39%+6.72% |
| Max drawdown | PULS SPMB | -0.02%-2.84% | -0.04%-3.45% | -0.32%-5.40% | -0.51%-17.37% |
| Max drawdown duration | PULS SPMB | 4d77d | 7d197d | 20d318d | 313d1492d |
Trading data
PULS | SPMB | |
Last sale 9/15/2026 at 1:30 PM | $49.59 | $21.54 |
| Previous close 09/14/2026 | $49.58 | $21.53 |
| Consolidated volume 09/14/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
PULS
is actively managed and doesn’t replicate an indexPULS | SPMB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 9/15/2026 at 1:30 PM
Live
Closed
PULS | SPMB | |
|---|---|---|
| Last price | $49.59 | $21.54 |
| 1D performance | +0.02% | +0.05% |
| AuM | $19.02 B | $7.02 B |
| E/R | 0.15% | 0.04% |
Characteristics
PULS | SPMB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | PGIM | State Street Investment Management |
| Benchmark | - | Bloomberg U.S. MBS Index |
| N° of holdings | 339 | 554 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 5, 2018 | January 15, 2009 |
| ESG | No | No |
Advertisement
Exposure
Countries
PULS
USA
31.92%
Other
68.08%
SPMB
USA
32.64%
Other
67.36%
Sectors
PULS
Finance
17%
Industrials
7.13%
Other
75.87%
SPMB
Industrials
32.31%
Other
67.69%
Advertisement
Diversification
PULS
Total weight of top 15 holdings out of 15
7.98%
SPMB
Total weight of top 15 holdings out of 15
9.28%
Top 15 holdings
Data as of July 31, 2026
PULS
US01527MH308
0.74%
US46115MAD83
0.70%
Alimentation Couche-Tard, 0% 6oct2022, USD (41D, ECP)
0.68%
PGIM Core Government Money Market Fund
0.63%
US43475GHE35
0.57%
USA, Bills 0% 22sep2026, USD (119D)
0.55%
US44855PAA66
0.51%
US29251VH411
0.51%
ABN AMRO, 4.718% 22jan2027, USD (US031)
0.51%
Federation des caisses Desjardins du Quebec, FRN 27jan2027, USD
0.46%
US81762TK865
0.45%
US75611NHA37
0.43%
US17291YRU37
0.42%
US29670KH308
0.41%
US76076GH480
0.41%
SPMB
US3142J6C840
1.16%
US01F0526800
0.86%
FN MA4547, 2% 1feb2052, USD (ABS)
0.78%
US3142J6BK85
0.76%
US01F0506844
0.70%
FR SD8212, 2.5% 1may2052, USD (ABS)
0.60%
US3132DWMY65
0.55%
G2 MB0424, 5.5% 20jun2055, USD (ABS)
0.54%
FN MA4701, 4.5% 1aug2052, USD (ABS)
0.51%
US01F0606834
0.50%
US21H0506806
0.49%
FN FA0608, 5.5% 1feb2055, USD (ABS)
0.49%
FN MA4465, 2% 1nov2051, USD (ABS)
0.47%
FN FS2040, 2% 1feb2052, USD (ABS)
0.44%
US3132DWKV45
0.43%
Frequently asked questions about PULS and SPMB
How have the PULS and SPMB ETFs performed in 2026?
As of September 11, 2026, PULS is up 2.81% year-to-date (YTD), while SPMB has lost -1.36%. That puts PULS better performer ahead so far this year.
Which ETF is attracting more investor money: PULS or SPMB?
Year-to-date, the PULS ETF saw +$5.70B in flows, compared to +$655M for SPMB.
Which ETF is more volatile: PULS or SPMB?
Over the past year, PULS had a volatility of 0.29%, while SPMB experienced 4.26%.
Which ETF is bigger: PULS or SPMB?
As of September 11, 2026, PULS holds $19.02 B in assets under management (AUM), while SPMB manages $7.02 B.
What sectors do the PULS and SPMB ETFs invest in?
PULS leans toward sectors like Finance and Industrials. Meanwhile, SPMB focuses on Industrials.
What are the top holdings of the PULS ETF and SPMB ETF?
PULS top holdings include US01527MH308, US46115MAD83 and Alimentation Couche-Tard, 0% 6oct2022, USD (41D, ECP). SPMB holds in its top three: US3142J6C840, US01F0526800 and FN MA4547, 2% 1feb2052, USD (ABS).
Which ETF is more diversified: PULS or SPMB?
PULS holds 983 securities with 7.98% of its assets in the top 15. SPMB has 2713 securities and a top 15 weight of 9.28%.
Advertisement
Latest news about PULS & SPMB
Advertisement
