Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
IWF vs PVAL: how they differ
IWF and PVAL hold 11% of their weight in the same names, and PVAL returned more over the year.
iShares Russell 1000 Growth ETF and Putnam Focused Large Cap Value ETF.
What they hold in common
By the books each fund has filed, IWF and PVAL hold 11% of their money in the same securities at the same weight.
| Holding | IWF | PVAL |
|---|---|---|
| ALPHABET INC. | 6.18% | 3.33% |
| MICROSOFT CORPORATION | 4.11% | 2.96% |
| ADVANCED MICRO DEVICES, INC. | 2.80% | 3.09% |
| AMAZON.COM, INC. | 0.57% | 2.96% |
| MCKESSON CORPORATION | 0.26% | 2.44% |
| HILTON WORLDWIDE HOLDINGS INC. | 0.22% | 2.87% |
| WALMART INC. | 0.13% | 1.39% |
| CITIGROUP INC. | 0.11% | 4.68% |
| THE COCA-COLA COMPANY | 0.11% | 2.85% |
| NRG ENERGY, INC. | 0.09% | 0.88% |
| BANK OF AMERICA CORPORATION | 0.08% | 2.65% |
| UNITED RENTALS, INC. | 0.05% | 1.09% |
| Only in IWF | Only in PVAL |
|---|---|
| NVIDIA CORPORATION 13.85% | CISCO SYSTEMS INC 6.06% |
| APPLE INC. 6.72% | EXXON MOBIL CORP 3.66% |
| BROADCOM INC. 5.21% | SEAGATE TECHNOLOGY HOLDINGS PLC 3.08% |
| ALPHABET INC. 4.98% | FREEPORT-MCMORAN INC 2.95% |
| MICRON TECHNOLOGY, INC. 3.86% | PHILIP MORRIS INTERNATIONAL INC 2.72% |
| TESLA, INC. 3.65% | FEDEX CORP 2.71% |
| META PLATFORMS, INC. 3.01% | ALLSTATE CORP (THE) 2.48% |
| ELI LILLY AND COMPANY 2.84% | GENERAL MOTORS COMPANY 2.46% |
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.
| IWF iShares Russell 1000 Growth 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 growth | Putnam Focused Large Cap Value |
| Total return, 1 year | +7.0% | +28.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −10.5 pts | +10.8 pts |
| Expense ratio | 0.18% | not published |
| Already in the S&P 500 | 93.6% | 94.9% |
| Holdings | 368 | 45 |
IWF in plain words
IWF is an index equity fund tracking the Russell 1000 growth. Over the year to Sep 11, 2026 it returned +7.0% 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, 94% of the fund by weight is stocks the S&P 500 also holds, across 368 positions, with the top ten at 54.4%. It sat 5.0% below its high of Jun 1, 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, IWF or PVAL?
- In the year to Sep 12, 2026, with distributions reinvested, IWF returned +7.0% and PVAL returned +28.4%, so PVAL returned more. One year is one year; the longer windows are in the table.
- How much do IWF and PVAL overlap with the S&P 500?
- By their latest filed holdings, 94% of IWF and 95% of PVAL by weight is stocks the S&P 500 already holds. Between the two funds, 11% 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, IWF against PVAL, data as of Sep 12, 2026. https://etfiq.com/compare/any/IWF-PVAL Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources