PGIM Ultra Short Bond ETF (PULS) — Stock Correlations & Overview
Over the past year, PULS has moved most closely with PAAA, PCS, VNLA. Explore the stocks most correlated and inversely correlated with PULS below, along with its price, financials, and company profile.
Stocks correlated with PULS
Correlation of daily returns. Higher positive values move with PULS; negative values move opposite it. Informational only, not investment advice.
Most correlated with PULS
| Symbol | Company | Correlation |
|---|---|---|
| PAAA | PGIM AAA CLO ETF | 0.81 |
| PCS | PGIM Corporate Bond 0-5 Year ETF | 0.70 |
| VNLA | Janus Henderson Short Duration Income ETF | 0.69 |
| PSDM | PGIM Short Duration Multi-Sector Bond ETF | 0.69 |
| PFRL | PGIM Floating Rate Income ETF | 0.60 |
Most inversely correlated with PULS
| Symbol | Company | Correlation |
|---|---|---|
| FLYE | Fly-E Group, Inc. Common StockMOTOR VEHICLES & PASSENGER CAR BODIES | -0.26 |
| RHLD | Resolute Holdings Management, Inc.FINANCE SERVICES | -0.24 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.23 |
| TGE | The Generation Essentials Group | -0.22 |
| BPYPM | Brookfield Property Partners L.P. 6.25% Class A Cumulative Redeemable Preferred Units, Series 1 | -0.22 |
Frequently asked questions about PULS correlations
- Which stocks are most correlated with PULS?
- Based on one year of daily returns, the stocks most correlated with PGIM Ultra Short Bond ETF (PULS) are PAAA (0.81), PCS (0.70) and VNLA (0.69). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with PULS?
- Over the past year, the stocks most inversely correlated with PGIM Ultra Short Bond ETF (PULS) are FLYE (-0.26), RHLD (-0.24) and TBT (-0.23). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these PULS correlations calculated?
- We compute the correlation of daily returns between PULS and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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