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ETF comparison

FBND vs PULS

Both US Aggregate Bond.

Fidelity Total Bond ETF · PGIM Ultra Short Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
0.3 %

22 positions appear in both funds. Buying equal dollars of FBND and PULS would leave roughly 0.3% of each dollar exposed to the same underlying securities.

FBND unmatched 109.7% Shared 0.3% PULS unmatched 99.9%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In FBND only
4,447 positions
Shared
22 positions
In PULS only
658 positions

Side by side

FBND

Fidelity Total Bond ETF

Fidelity · US Aggregate Bond

74 composite / 100
Expense ratio
0.36%
Net assets
$27.90B
TTM yield
4.80%
Top-10 conc.
19.8%
PULS

PGIM Ultra Short Bond ETF

PGIM · US Aggregate Bond

84 composite / 100
Expense ratio
0.15%
Net assets
$19.40B
TTM yield
4.37%
Top-10 conc.
7.3%

Sub-score comparison

64
Cost
85
51
Tax efficiency
52
100
Liquidity
100
86
Concentration
100
—
Tracking quality
—
FBND sub-score PULS

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

PULS is 21 bps cheaper than FBND. On a $100,000 position that's about $210/yr more in fees for FBND.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with FBND vs PULS.

Top shared holdings

22 shared in total
# Holding In FBND In PULS Overlap
1 BARINGS ISSUER LLC 2026-SBP 0.06% 0.08% 0.06%
2 WELLS FARGO and CO 0.29% 0.04% 0.04%
3 SOFI CONSUMER LOAN PROGRAM 2026-2 TRUST 0.04% 0.09% 0.04%
4 AVIS BUDGET RENT CAR FDG AESOP LLC 0.02% 0.21% 0.02%
5 VENTAS RLTY LTD PARTNERSHIP 0.02% 0.12% 0.02%
6 MOLSON COORS BEVERAGE CO 0.02% 0.04% 0.02%
7 ONSLOW BAY FINANCIAL 0.01% 0.04% 0.01%
8 SCLP 2025-1 0.01% 0.11% 0.01%
9 ARI FLEET LEASE TRUST 2025-A 0.01% 0.02% 0.01%
10 ONEOK INC 0.01% 0.32% 0.01%
11 NTT FINANCE CORP 0.01% 0.22% 0.01%
12 MORGAN STANLEY CAPITAL I 0.01% 0.21% 0.01%

Only in FBND

4,447 total
  • Fidelity Revere Street Trust 4.62%
  • UST NOTES 2.34%
  • UST NOTES 2.21%
  • UST NOTES 2.17%
  • UST NOTES 1.81%
  • UNITED STATES TREASURY BOND 1.53%
  • UST NOTES 1.49%
  • UNITED STATES TREASURY BOND 1.26%
  • UST NOTES 1.20%
  • FNMA/FHLG TBA ISSUER 1.19%

Only in PULS

658 total
  • PGIM ETF Trust 1.81%
  • Phillips 66 0.83%
  • GLENCORE FUNDING LLC 0.74%
  • Alexandria Real Estate Equities, Inc. 0.66%
  • INTESA SANPAOLO SPA NEW YORK BRANCH 0.63%
  • ABN AMRO BANK NV 0.57%
  • Healthpeak Properties Inc 0.52%
  • BX TRUST 2022-LBA6 0.51%
  • FEDERATION DES CAISSES DESJARDINS DU QUEBEC 0.51%
  • Servicenow Inc 0.50%

Percentages are holdings overlap with the named fund.

Open FBND or PULS at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.