Which returned more over the last year, MUB or PVAL?

In the year to Sep 12, 2026, with distributions reinvested, MUB returned +0.1% and PVAL returned +28.4%, so PVAL returned more. One year is one year; the longer windows are in the table.

Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

MUB vs PVAL: how they differ

MUB and PVAL hold 0% of their weight in the same names, and PVAL returned more over the year.

iShares National Muni Bond ETF and Putnam Focused Large Cap Value ETF.

What they hold in common

By the books each fund has filed, MUB and PVAL hold 0% of their money in the same securities at the same weight.

Largest positions each one holds and the other does not
Only in MUB	Only in PVAL
Board of Regents of the University of Te 0.20%	CISCO SYSTEMS INC 6.06%
New York State Thruway Authority 0.16%	CITIGROUP INC 4.68%
New York State Dormitory Authority 0.14%	EXXON MOBIL CORP 3.66%
Houston Higher Education Finance Corp. 0.13%	ALPHABET INC 3.33%
Northwest Independent School District 0.13%	ADVANCED MICRO DEVICES INC 3.09%
Ohio State University (The) 0.13%	SEAGATE TECHNOLOGY HOLDINGS PLC 3.08%
State of New Jersey 0.13%	AMAZON.COM INC 2.96%
State of California 0.13%	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.

MUB and PVAL on the fields both publish, as of Sep 12, 2026. Source: ETFIQ.
	MUB iShares National Muni Bond ETF	PVAL Putnam Focused Large Cap Value ETF
Where it sits	Core index fund	Core index fund
Issuer	iShares	Putnam
What it is	National Muni Bond	Putnam Focused Large Cap Value
Total return, 1 year	+0.1%	+28.4%
S&P 500 over the same days	+17.5%	+17.5%
Gap to the S&P 500	−17.4 pts	+10.8 pts
Expense ratio	0.05%	not published
Holdings	6603	45

MUB in plain words

MUB is a bond fund tracking the National Muni Bond. Over the year to Sep 11, 2026 it returned +0.1% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.05% a year. It sat 3.6% below its high of Jul 6, 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, MUB or PVAL?: In the year to Sep 12, 2026, with distributions reinvested, MUB returned +0.1% and PVAL returned +28.4%, so PVAL returned more. One year is one year; the longer windows are in the table.

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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.

MUB against PVAL, ETFIQ, data as of Sep 12, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, MUB against PVAL, data as of Sep 12, 2026. https://etfiq.com/compare/any/MUB-PVAL Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources