Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
ONEQ vs PVAL: how they differ
ONEQ and PVAL hold 15% of their weight in the same names, and PVAL returned more over the year.
Fidelity Nasdaq Composite Index ETF and Putnam Focused Large Cap Value ETF.
What they hold in common
By the books each fund has filed, ONEQ and PVAL hold 15% of their money in the same securities at the same weight.
| Holding | ONEQ | PVAL |
|---|---|---|
| ALPHABET INC | 4.85% | 3.33% |
| AMAZON.COM INC | 6.37% | 2.96% |
| MICROSOFT CORP | 7.32% | 2.96% |
| ADVANCED MICRO DEVICES INC | 1.84% | 3.09% |
| WALMART INC | 2.02% | 1.39% |
| CISCO SYSTEMS INC | 1.04% | 6.06% |
| QUALCOMM INC | 0.58% | 2.15% |
| T-MOBILE US INC | 0.45% | 1.03% |
| REGENERON PHARMACEUTICALS INC | 0.14% | 1.34% |
| SANOFI | 0.03% | 1.34% |
| Only in ONEQ | Only in PVAL |
|---|---|
| NVIDIA CORP 11.24% | CITIGROUP INC 4.68% |
| APPLE INC 10.04% | EXXON MOBIL CORP 3.66% |
| BROADCOM INC 4.64% | SEAGATE TECHNOLOGY HOLDINGS PLC 3.08% |
| ALPHABET INC 4.48% | FREEPORT-MCMORAN INC 2.95% |
| TESLA INC 3.58% | HILTON WORLDWIDE HOLDINGS INC 2.87% |
| META PLATFORMS INC 3.03% | COCA-COLA COMPANY (THE) 2.85% |
| MICRON TECHNOLOGY INC 2.38% | PHILIP MORRIS INTERNATIONAL INC 2.72% |
| INTEL CORP 1.25% | FEDEX CORP 2.71% |
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.
| ONEQ Fidelity Nasdaq Composite Index ETF | PVAL Putnam Focused Large Cap Value ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Fidelity | Putnam |
| What it is | Nasdaq Composite | Putnam Focused Large Cap Value |
| Total return, 1 year | +20.6% | +28.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +3.1 pts | +10.8 pts |
| Expense ratio | 0.21% | not published |
| Already in the S&P 500 | 87.4% | 94.9% |
| Holdings | 1022 | 45 |
ONEQ in plain words
ONEQ is an index equity fund tracking the Nasdaq Composite. Over the year to Sep 11, 2026 it returned +20.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.21% a year. By its holdings filed for May 31, 2026, 87% of the fund by weight is stocks the S&P 500 also holds, across 1022 positions, with the top ten at 57.9%.
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, ONEQ or PVAL?
- In the year to Sep 12, 2026, with distributions reinvested, ONEQ returned +20.6% and PVAL returned +28.4%, so PVAL returned more. One year is one year; the longer windows are in the table.
- How much do ONEQ and PVAL overlap with the S&P 500?
- By their latest filed holdings, 87% of ONEQ and 95% of PVAL by weight is stocks the S&P 500 already holds. Between the two funds, 15% of their books are the same securities at the same weight.
Other comparisons
Where to next
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, ONEQ against PVAL, data as of Sep 12, 2026. https://etfiq.com/compare/any/ONEQ-PVAL Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources