Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
IWD vs PVAL: how they differ
IWD and PVAL hold 21% of their weight in the same names, and PVAL returned more over the year.
iShares Russell 1000 Value ETF and Putnam Focused Large Cap Value ETF.
What they hold in common
By the books each fund has filed, IWD and PVAL hold 21% of their money in the same securities at the same weight.
| Holding | IWD | PVAL |
|---|---|---|
| AMAZON.COM, INC. | 5.95% | 2.96% |
| MICROSOFT CORPORATION | 3.89% | 2.96% |
| EXXON MOBIL CORPORATION | 1.60% | 3.66% |
| CISCO SYSTEMS, INC. | 1.30% | 6.06% |
| WALMART INC. | 1.28% | 1.39% |
| UNITEDHEALTH GROUP INCORPORATED | 1.05% | 1.66% |
| BANK OF AMERICA CORPORATION | 0.99% | 2.65% |
| THE GOLDMAN SACHS GROUP, INC. | 0.82% | 2.24% |
| Philip Morris International Inc. | 0.79% | 2.72% |
| THE COCA-COLA COMPANY | 0.79% | 2.85% |
| CITIGROUP INC. | 0.57% | 4.68% |
| QUALCOMM INCORPORATED | 0.55% | 2.15% |
| Only in IWD | Only in PVAL |
|---|---|
| APPLE INC. 5.38% | ALPHABET INC 3.33% |
| BERKSHIRE HATHAWAY INC. 2.62% | ADVANCED MICRO DEVICES INC 3.09% |
| JPMORGAN CHASE & CO. 2.46% | SEAGATE TECHNOLOGY HOLDINGS PLC 3.08% |
| INTEL CORPORATION 1.72% | HILTON WORLDWIDE HOLDINGS INC 2.87% |
| JOHNSON & JOHNSON 1.72% | JOHNSON CONTROLS INTERNATIONAL PLC 2.05% |
| ABBVIE INC. 1.15% | ASTRAZENECA PLC 1.86% |
| THE PROCTER & GAMBLE COMPANY 0.96% | SANOFI SA 1.34% |
| MERCK & CO., INC. 0.89% | NRG ENERGY INC 0.88% |
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.
| IWD iShares Russell 1000 Value ETF | PVAL Putnam Focused Large Cap Value ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Putnam |
| What it is | Russell 1000 value | Putnam Focused Large Cap Value |
| Total return, 1 year | +27.4% | +28.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +9.9 pts | +10.8 pts |
| Expense ratio | 0.18% | not published |
| Already in the S&P 500 | 90.2% | 94.9% |
| Holdings | 870 | 45 |
IWD in plain words
IWD is an index equity fund tracking the Russell 1000 value. Over the year to Sep 11, 2026 it returned +27.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.18% a year. By its holdings filed for Jun 30, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 870 positions, with the top ten at 27.9%.
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, IWD or PVAL?
- In the year to Sep 12, 2026, with distributions reinvested, IWD returned +27.4% and PVAL returned +28.4%, so PVAL returned more. One year is one year; the longer windows are in the table.
- How much do IWD and PVAL overlap with the S&P 500?
- By their latest filed holdings, 90% of IWD 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, IWD against PVAL, data as of Sep 12, 2026. https://etfiq.com/compare/any/IWD-PVAL Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources