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TBILvsPULSETF Comparison

ETF 1
TBIL

F/m US Treasury 3 Month Bill ETF

This fund is part of
Money Market Bonds
+0.02%
VS
ETF 2
PULS

PGIM Ultra Short Bond ETF

This fund is part of
Money Market Bonds
+0.02%

F/m US Treasury 3 Month Bill ETF (TBIL) and PGIM Ultra Short Bond ETF (PULS) belong to the same industry segment: Money Market Bonds. In contrast, PULS's top sector exposures are Finance, Industrials and Consumer Non-Cyclicals. Both TBIL and PULS have the same Total Expense Ratio (TER) of 0.15%. TBIL is up 2.96% year-to-date (YTD) with +$1.28B in YTD flows. PULS performs better with 3.17% YTD performance, and +$6.47B in YTD flows. Run a side-by-side ETF comparison of TBIL and PULS below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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TBIL vs PULS performance and flow charts

Performance

-0.10.00.10.20.30.4%Sep 22Sep 29Oct 6Oct 13Oct 20

Cumulative Flows

0 M100 M200 M300 M400 M500 MSep 22Sep 29Oct 6Oct 13Oct 20

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 10/23/2026
1M3MYTD1Y3Y5Y
Perf.
TBIL
PULS
+0.36%+0.24%
+0.96%+0.93%
+2.96%+3.17%
+3.74%+4.07%
+13.97%+16.62%
n/a+23.98%
Flows
TBIL
PULS
+$221M+$488M
+$404M+$2.08B
+$1.28B+$6.47B
+$1.47B+$6.82B
+$5.17B+$14.29B
-+$17.84B
Volatility and drawdown
3M1Y3Y5Y
Volatility
TBIL
PULS
+0.17%+0.31%
+0.16%+0.31%
+0.19%+0.33%
n/a+0.39%
Max drawdown
TBIL
PULS
n/a-0.06%
n/a-0.06%
n/a-0.32%
n/a-0.51%
Max drawdown duration
TBIL
PULS
n/a8d
n/a8d
n/a20d
n/a280d
Trading data

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TBIL
PULS
Last sale
10/23/2026 at 1:30 PM
$49.99
$49.58
Previous close
10/22/2026
$49.97
$49.59
Consolidated volume
10/22/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of September 30, 2026
1-year trailing difference

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PULS
is actively managed and doesn’t replicate an index

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TBIL
PULS
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
TBIL
PULS
Last price
$49.99
$49.58
1D performance
+0.04%
-0.02%
AuM$7.61 B$19.78 B
E/R0.15%0.15%
Characteristics
TBIL
PULS
Management strategyPassiveActive
ProviderF/m InvestmentsPGIM
BenchmarkBloomberg US Treasury Bellwether 3M Index-
N° of holdings-336
Asset class--
Trailing 12m distribution yield
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Inception dateAugust 9, 2022April 5, 2018
ESGNoNo
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Exposure

Countries

TBIL
Data will be available soon
PULS
USA
29.99%
Other
70.01%

Sectors

TBIL
Data will be available soon
PULS
Finance
16.51%
Other
83.49%
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Diversification

TBIL
Data will be available soon
PULS

Total weight of top 15 holdings out of 15

7.72%

Top 15 holdings

Data as of January 1, 1970
TBIL
Data will be available soon
PULS
US86723BJ359
0.78%
US46115MAD83
0.69%
Alimentation Couche-Tard, 0% 6oct2022, USD (41D, ECP)
0.67%
US42250RJP55
0.58%
US01527MJE49
0.53%
US29670KJ387
0.52%
US44855PAA66
0.50%
ABN AMRO, 4.718% 22jan2027, USD (US031)
0.50%
US83407TAA97
0.49%
Federation des caisses Desjardins du Quebec, FRN 27jan2027, USD
0.45%
US81762TK865
0.44%
US17291YRU37
0.42%
US05609QAA40
0.40%
US007903BK24
0.40%
Sempra, FRN 7jan2028, USD
0.38%
Frequently asked questions about TBIL and PULS

How have the TBIL and PULS ETFs performed in 2026?

As of October 23, 2026, TBIL is up 2.96% year-to-date (YTD), while PULS has returned 3.17%. That puts PULS better performer ahead so far this year.

Which ETF is attracting more investor money: TBIL or PULS?

Year-to-date, the TBIL ETF saw +$1.28B in flows, compared to +$6.47B for PULS.

Which ETF is more volatile: TBIL or PULS?

Over the past year, TBIL had a volatility of 0.16%, while PULS experienced 0.31%.

Which ETF is bigger: TBIL or PULS?

As of October 23, 2026, TBIL holds $7.61 B in assets under management (AUM), while PULS manages $19.78 B.

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