Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
IVV vs PVAL: how they differ
IVV and PVAL hold 19% of their weight in the same names, and PVAL returned more over the year.
iShares Core S&P 500 ETF and Putnam Focused Large Cap Value ETF.
What they hold in common
By the books each fund has filed, IVV and PVAL hold 19% of their money in the same securities at the same weight.
| Holding | IVV | PVAL |
|---|---|---|
| Alphabet, Inc. | 3.25% | 3.33% |
| Amazon.com, Inc. | 3.62% | 2.96% |
| Microsoft Corp. | 4.30% | 2.96% |
| Advanced Micro Devices, Inc. | 1.47% | 3.09% |
| Exxon Mobil Corp. | 0.88% | 3.66% |
| Walmart, Inc. | 0.77% | 1.39% |
| Cisco Systems, Inc. | 0.72% | 6.06% |
| UnitedHealth Group, Inc. | 0.59% | 1.66% |
| Bank of America Corp. | 0.58% | 2.65% |
| Coca-Cola Co. (The) | 0.49% | 2.85% |
| Goldman Sachs Group, Inc. (The) | 0.46% | 2.24% |
| Philip Morris International, Inc. | 0.44% | 2.72% |
| Only in IVV | Only in PVAL |
|---|---|
| NVIDIA Corp. 7.52% | SEAGATE TECHNOLOGY HOLDINGS PLC 3.08% |
| Apple, Inc. 6.59% | JOHNSON CONTROLS INTERNATIONAL PLC 2.05% |
| Broadcom, Inc. 2.77% | ASTRAZENECA PLC 1.86% |
| Alphabet, Inc. 2.59% | SANOFI SA 1.34% |
| Micron Technology, Inc. 2.02% | BJ'S WHOLESALE CLUB HOLDINGS INC 1.03% |
| Meta Platforms, Inc. 1.92% | NOVO NORDISK A/S 0.85% |
| Tesla, Inc. 1.84% | |
| Eli Lilly & Co. 1.47% |
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.
| IVV iShares Core S&P 500 ETF | PVAL Putnam Focused Large Cap Value ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Putnam |
| What it is | S&P 500 | Putnam Focused Large Cap Value |
| Total return, 1 year | +17.6% | +28.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +0.1 pts | +10.8 pts |
| Expense ratio | 0.03% | not published |
| Already in the S&P 500 | 100.0% | 94.9% |
| Holdings | 504 | 45 |
IVV in plain words
IVV is an index equity fund tracking the S&P 500. Over the year to Sep 11, 2026 it returned +17.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.03% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 36.4%.
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, IVV or PVAL?
- In the year to Sep 12, 2026, with distributions reinvested, IVV returned +17.6% and PVAL returned +28.4%, so PVAL returned more. One year is one year; the longer windows are in the table.
- How much do IVV and PVAL overlap with the S&P 500?
- By their latest filed holdings, 100% of IVV and 95% of PVAL by weight is stocks the S&P 500 already holds. Between the two funds, 19% 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, IVV against PVAL, data as of Sep 12, 2026. https://etfiq.com/compare/any/IVV-PVAL Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources