Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
FDVV vs PVAL: how they differ
FDVV and PVAL hold 15% of their weight in the same names, and PVAL returned more over the year.
Fidelity High Dividend ETF and Putnam Focused Large Cap Value ETF.
What they hold in common
By the books each fund has filed, FDVV and PVAL hold 15% of their money in the same securities at the same weight.
| Holding | FDVV | PVAL |
|---|---|---|
| MICROSOFT CORP | 4.50% | 2.96% |
| ALPHABET INC | 2.21% | 3.33% |
| COCA COLA CO | 1.85% | 2.85% |
| BANK OF AMERICA CORPORATION | 1.78% | 2.65% |
| GOLDMAN SACHS GROUP INC (THE) | 1.71% | 2.24% |
| PHILIP MORRIS INTERNATIONAL INC | 1.64% | 2.72% |
| NEXTERA ENERGY INC | 1.39% | 2.00% |
| PROLOGIS INC | 1.03% | 2.04% |
| UNITEDHEALTH GROUP INC | 0.47% | 1.66% |
| T-MOBILE US INC | 0.08% | 1.03% |
| Only in FDVV | Only in PVAL |
|---|---|
| NVIDIA CORP 6.86% | CISCO SYSTEMS INC 6.06% |
| APPLE INC 5.70% | CITIGROUP INC 4.68% |
| BROADCOM INC 3.50% | EXXON MOBIL CORP 3.66% |
| JPMORGAN CHASE and CO 2.58% | ADVANCED MICRO DEVICES INC 3.09% |
| PROCTER and GAMBLE CO 1.81% | SEAGATE TECHNOLOGY HOLDINGS PLC 3.08% |
| ALTRIA GROUP INC 1.70% | AMAZON.COM INC 2.96% |
| HOME DEPOT INC 1.66% | FREEPORT-MCMORAN INC 2.95% |
| STARBUCKS CORP 1.66% | HILTON WORLDWIDE HOLDINGS INC 2.87% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and May 29, 2026.
| FDVV Fidelity High Dividend ETF | PVAL Putnam Focused Large Cap Value ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Fidelity | Putnam |
| What it is | High Dividend | Putnam Focused Large Cap Value |
| Total return, 1 year | +17.2% | +28.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −0.3 pts | +10.8 pts |
| Expense ratio | 0.15% | not published |
| Already in the S&P 500 | 86.7% | 94.9% |
| Holdings | 96 | 45 |
FDVV in plain words
FDVV is an index equity fund tracking the High Dividend. Over the year to Sep 11, 2026 it returned +17.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Apr 30, 2026, 87% of the fund by weight is stocks the S&P 500 also holds, across 96 positions, with the top ten at 32.5%.
PVAL in plain words
PVAL is an index equity fund tracking the Putnam Focused Large Cap Value. Over the year to Sep 11, 2026 it returned +28.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. By its holdings filed for May 29, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 45 positions, with the top ten at 35.6%.
Questions people ask
- Which returned more over the last year, FDVV or PVAL?
- In the year to Sep 12, 2026, with distributions reinvested, FDVV returned +17.2% and PVAL returned +28.4%, so PVAL returned more. One year is one year; the longer windows are in the table.
- How much do FDVV and PVAL overlap with the S&P 500?
- By their latest filed holdings, 87% of FDVV and 95% of PVAL by weight is stocks the S&P 500 already holds. Between the two funds, 15% of their books are the same securities at the same weight.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, FDVV against PVAL, data as of Sep 12, 2026. https://etfiq.com/compare/any/FDVV-PVAL Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources