Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
GARP vs PVAL: how they differ
GARP and PVAL hold 12% of their weight in the same names, and GARP returned more over the year.
iShares MSCI USA Quality GARP ETF and Putnam Focused Large Cap Value ETF.
What they hold in common
By the books each fund has filed, GARP and PVAL hold 12% of their money in the same securities at the same weight.
| Holding | GARP | PVAL |
|---|---|---|
| MICROSOFT CORP | 4.10% | 2.96% |
| ALPHABET INC | 2.88% | 3.33% |
| ADVANCED MICRO DEVICES INC | 2.21% | 3.09% |
| AMAZON.COM INC | 1.49% | 2.96% |
| CITIGROUP INC | 0.62% | 4.68% |
| FREEPORT-MCMORAN INC | 0.59% | 2.95% |
| NRG ENERGY INC | 0.54% | 0.88% |
| SEAGATE TECHNOLOGY HOLDINGS PLC | 0.49% | 3.08% |
| MCKESSON CORP | 0.24% | 2.44% |
| VALERO ENERGY CORP | 0.20% | 1.88% |
| HILTON WORLDWIDE HOLDINGS INC | 0.10% | 2.87% |
| Only in GARP | Only in PVAL |
|---|---|
| KLA CORP 6.46% | CISCO SYSTEMS INC 6.06% |
| MICRON TECHNOLOGY INC 6.07% | EXXON MOBIL CORP 3.66% |
| APPLE INC 4.44% | COCA-COLA COMPANY (THE) 2.85% |
| NVIDIA CORP 4.16% | PHILIP MORRIS INTERNATIONAL INC 2.72% |
| BROADCOM INC 3.96% | FEDEX CORP 2.71% |
| LAM RESEARCH CORP 3.79% | BANK OF AMERICA CORP 2.65% |
| ELI LILLY & COMPANY 3.73% | SOUTHWEST AIRLINES COMPANY 2.60% |
| VISA INC 3.73% | ALLSTATE CORP (THE) 2.48% |
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 Jun 30, 2026 and May 29, 2026.
| GARP iShares MSCI USA Quality GARP ETF | PVAL Putnam Focused Large Cap Value ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Putnam |
| What it is | MSCI USA Quality GARP | Putnam Focused Large Cap Value |
| Total return, 1 year | +29.5% | +28.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +12.0 pts | +10.8 pts |
| Expense ratio | 0.15% | not published |
| Already in the S&P 500 | 94.4% | 94.9% |
| Holdings | 131 | 45 |
GARP in plain words
GARP is an index equity fund tracking the MSCI USA Quality GARP. Over the year to Sep 11, 2026 it returned +29.5% 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 Jun 30, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 131 positions, with the top ten at 43.8%.
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, GARP or PVAL?
- In the year to Sep 12, 2026, with distributions reinvested, GARP returned +29.5% and PVAL returned +28.4%, so GARP returned more. One year is one year; the longer windows are in the table.
- How much do GARP and PVAL overlap with the S&P 500?
- By their latest filed holdings, 94% of GARP and 95% of PVAL by weight is stocks the S&P 500 already holds. Between the two funds, 12% of their books are the same securities at the same weight.
Other comparisons
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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, GARP against PVAL, data as of Sep 12, 2026. https://etfiq.com/compare/any/GARP-PVAL Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources