Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
IEMG vs PVAL: how they differ
IEMG and PVAL hold 0% of their weight in the same names, and IEMG returned more over the year.
iShares Core MSCI Emerging Markets ETF and Putnam Focused Large Cap Value ETF.
What they hold in common
By the books each fund has filed, IEMG and PVAL hold 0% of their money in the same securities at the same weight.
| Only in IEMG | Only in PVAL |
|---|---|
| Taiwan Semiconductor Manufacturing Compa 12.52% | CISCO SYSTEMS INC 6.06% |
| SK hynix Inc. 5.83% | CITIGROUP INC 4.68% |
| Tencent Holdings Limited 2.38% | EXXON MOBIL CORP 3.66% |
| Alibaba Group Holding Limited 1.83% | ALPHABET INC 3.33% |
| MediaTek Inc. 1.42% | ADVANCED MICRO DEVICES INC 3.09% |
| DELTA ELECTRONICS, INC. 1.03% | SEAGATE TECHNOLOGY HOLDINGS PLC 3.08% |
| HON HAI PRECISION INDUSTRY CO., LTD. 0.79% | AMAZON.COM INC 2.96% |
| Samsung Electronics Co., Ltd. 0.74% | MICROSOFT CORP 2.96% |
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.
| IEMG iShares Core MSCI Emerging Markets ETF | PVAL Putnam Focused Large Cap Value ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Putnam |
| What it is | Core MSCI Emerging Markets | Putnam Focused Large Cap Value |
| Total return, 1 year | +30.6% | +28.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +13.1 pts | +10.8 pts |
| Expense ratio | 0.09% | not published |
| Already in the S&P 500 | 0.0% | 94.9% |
| Holdings | 2695 | 45 |
IEMG in plain words
IEMG is an index equity fund tracking the Core MSCI Emerging Markets. Over the year to Sep 11, 2026 it returned +30.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for May 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2695 positions, with the top ten at 34.1%. It sat 4.0% below its high of Jun 22, 2026 on Sep 11, 2026.
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, IEMG or PVAL?
- In the year to Sep 12, 2026, with distributions reinvested, IEMG returned +30.6% and PVAL returned +28.4%, so IEMG returned more. One year is one year; the longer windows are in the table.
- How much do IEMG and PVAL overlap with the S&P 500?
- By their latest filed holdings, 0% of IEMG and 95% of PVAL by weight is stocks the S&P 500 already holds. Between the two funds, 0% 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, IEMG against PVAL, data as of Sep 12, 2026. https://etfiq.com/compare/any/IEMG-PVAL Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources