Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
MTUM vs PVAL: how they differ
MTUM and PVAL hold 16% of their weight in the same names, and PVAL returned more over the year.
iShares MSCI USA Momentum Factor ETF and Putnam Focused Large Cap Value ETF.
What they hold in common
By the books each fund has filed, MTUM and PVAL hold 16% of their money in the same securities at the same weight.
| Holding | MTUM | PVAL |
|---|---|---|
| EXXON MOBIL CORPORATION | 3.44% | 3.66% |
| ADVANCED MICRO DEVICES, INC. | 4.04% | 3.09% |
| ALPHABET INC. | 2.95% | 3.33% |
| THE GOLDMAN SACHS GROUP, INC. | 1.69% | 2.24% |
| WALMART INC. | 2.76% | 1.39% |
| CITIGROUP INC. | 1.13% | 4.68% |
| MCKESSON CORPORATION | 0.64% | 2.44% |
| GENERAL MOTORS COMPANY | 0.42% | 2.46% |
| FREEPORT-MCMORAN INC. | 0.40% | 2.95% |
| FEDEX CORPORATION | 0.36% | 2.71% |
| Northrop Grumman Corporation | 0.33% | 1.85% |
| NRG ENERGY, INC. | 0.26% | 0.88% |
| Only in MTUM | Only in PVAL |
|---|---|
| MICRON TECHNOLOGY, INC. 5.57% | CISCO SYSTEMS INC 6.06% |
| BROADCOM INC. 5.41% | SEAGATE TECHNOLOGY HOLDINGS PLC 3.08% |
| NVIDIA CORPORATION 4.65% | AMAZON.COM INC 2.96% |
| INTEL CORPORATION 3.84% | MICROSOFT CORP 2.96% |
| JOHNSON & JOHNSON 3.76% | HILTON WORLDWIDE HOLDINGS INC 2.87% |
| LAM RESEARCH CORPORATION 3.62% | COCA-COLA COMPANY (THE) 2.85% |
| CATERPILLAR INC. 3.21% | PHILIP MORRIS INTERNATIONAL INC 2.72% |
| JPMORGAN CHASE & CO. 2.87% | BANK OF AMERICA CORP 2.65% |
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 Apr 30, 2026 and May 29, 2026.
| MTUM iShares MSCI USA Momentum Factor 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 Momentum Factor | Putnam Focused Large Cap Value |
| Total return, 1 year | +21.8% | +28.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +4.3 pts | +10.8 pts |
| Expense ratio | 0.15% | not published |
| Already in the S&P 500 | 98.2% | 94.9% |
| Holdings | 125 | 45 |
MTUM in plain words
MTUM is an index equity fund tracking the MSCI USA Momentum Factor. Over the year to Sep 11, 2026 it returned +21.8% 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 Apr 30, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 125 positions, with the top ten at 40.5%. It sat 11.1% 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, MTUM or PVAL?
- In the year to Sep 12, 2026, with distributions reinvested, MTUM returned +21.8% and PVAL returned +28.4%, so PVAL returned more. One year is one year; the longer windows are in the table.
- How much do MTUM and PVAL overlap with the S&P 500?
- By their latest filed holdings, 98% of MTUM and 95% of PVAL by weight is stocks the S&P 500 already holds. Between the two funds, 16% 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, MTUM against PVAL, data as of Sep 12, 2026. https://etfiq.com/compare/any/MTUM-PVAL Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources