Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
FNDX vs PVAL: how they differ
FNDX and PVAL hold 21% of their weight in the same names, and PVAL returned more over the year.
Schwab Fundamental U.S. Large Company ETF and Putnam Focused Large Cap Value ETF.
What they hold in common
By the books each fund has filed, FNDX and PVAL hold 21% of their money in the same securities at the same weight.
| Holding | FNDX | PVAL |
|---|---|---|
| Alphabet Inc | 2.38% | 3.33% |
| Microsoft Corp | 2.33% | 2.96% |
| Exxon Mobil Corp | 2.29% | 3.66% |
| Amazon.com Inc | 1.86% | 2.96% |
| UnitedHealth Group Inc | 1.37% | 1.66% |
| Walmart Inc | 1.01% | 1.39% |
| Cisco Systems Inc | 0.90% | 6.06% |
| Bank of America Corp | 0.87% | 2.65% |
| Citigroup Inc | 0.85% | 4.68% |
| General Motors Co | 0.74% | 2.46% |
| Valero Energy Corp | 0.71% | 1.88% |
| ConocoPhillips | 0.66% | 1.88% |
| Only in FNDX | Only in PVAL |
|---|---|
| Apple Inc 4.64% | SEAGATE TECHNOLOGY HOLDINGS PLC 3.08% |
| Intel Corp 2.57% | SOUTHWEST AIRLINES COMPANY 2.60% |
| Alphabet Inc 1.90% | JOHNSON CONTROLS INTERNATIONAL PLC 2.05% |
| Micron Technology Inc 1.60% | ASTRAZENECA PLC 1.86% |
| Chevron Corp 1.49% | SANOFI SA 1.34% |
| Berkshire Hathaway Inc 1.41% | NOVO NORDISK A/S 0.85% |
| JPMorgan Chase & Co 1.38% | |
| Meta Platforms Inc 1.24% |
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 May 29, 2026 and May 31, 2026.
| FNDX Schwab Fundamental U.S. Large Company ETF | PVAL Putnam Focused Large Cap Value ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Schwab | Putnam |
| What it is | Fundamental U.S. Large Company | Putnam Focused Large Cap Value |
| Total return, 1 year | +26.1% | +28.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +8.6 pts | +10.8 pts |
| Expense ratio | 0.25% | not published |
| Already in the S&P 500 | 91.2% | 94.9% |
| Holdings | 733 | 45 |
FNDX in plain words
FNDX is an index equity fund tracking the Fundamental U.S. Large Company. Over the year to Sep 11, 2026 it returned +26.1% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.25% a year. By its holdings filed for May 31, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 733 positions, with the top ten at 22.5%.
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, FNDX or PVAL?
- In the year to Sep 12, 2026, with distributions reinvested, FNDX returned +26.1% and PVAL returned +28.4%, so PVAL returned more. One year is one year; the longer windows are in the table.
- How much do FNDX and PVAL overlap with the S&P 500?
- By their latest filed holdings, 91% of FNDX and 95% of PVAL by weight is stocks the S&P 500 already holds. Between the two funds, 21% 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, FNDX against PVAL, data as of Sep 12, 2026. https://etfiq.com/compare/any/FNDX-PVAL Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources