Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
PVAL vs QQQ: how they differ
PVAL and QQQ hold 18% of their weight in the same names, and PVAL returned more over the year.
Putnam Focused Large Cap Value ETF and Invesco QQQ Trust.
What they hold in common
By the books each fund has filed, PVAL and QQQ hold 18% of their money in the same securities at the same weight.
| Holding | PVAL | QQQ |
|---|---|---|
| ALPHABET INC | 3.33% | 3.52% |
| ADVANCED MICRO DEVICES INC | 3.09% | 3.70% |
| AMAZON.COM INC | 2.96% | 4.62% |
| MICROSOFT CORP | 2.96% | 5.32% |
| CISCO SYSTEMS INC | 6.06% | 2.09% |
| WALMART INC | 1.39% | 2.48% |
| QUALCOMM INC | 2.15% | 1.18% |
| T-MOBILE US INC | 1.03% | 0.91% |
| REGENERON PHARMACEUTICALS INC | 1.34% | 0.28% |
| Only in PVAL | Only in QQQ |
|---|---|
| CITIGROUP INC 4.68% | NVIDIA Corp. 8.16% |
| EXXON MOBIL CORP 3.66% | Apple Inc. 7.29% |
| SEAGATE TECHNOLOGY HOLDINGS PLC 3.08% | Micron Technology, Inc. 4.80% |
| FREEPORT-MCMORAN INC 2.95% | Tesla, Inc. 3.46% |
| HILTON WORLDWIDE HOLDINGS INC 2.87% | Broadcom Inc. 3.37% |
| COCA-COLA COMPANY (THE) 2.85% | Alphabet Inc. 3.26% |
| PHILIP MORRIS INTERNATIONAL INC 2.72% | Meta Platforms, Inc. 2.97% |
| FEDEX CORP 2.71% | Intel Corp. 2.52% |
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.
| PVAL Putnam Focused Large Cap Value ETF | QQQ Invesco QQQ Trust | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Putnam | Invesco |
| What it is | Putnam Focused Large Cap Value | Nasdaq-100, book from QQQM |
| Total return, 1 year | +28.4% | +23.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +10.8 pts | +5.5 pts |
| Expense ratio | not published | 0.18% |
| Already in the S&P 500 | 94.9% | 96.7% |
| Holdings | 45 | 101 |
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%.
QQQ in plain words
QQQ is an index equity fund tracking the Nasdaq-100. Over the year to Sep 11, 2026 it returned +23.0% 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 May 31, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 47.5%. It sat 4.1% below its high of Jun 2, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, PVAL or QQQ?
- In the year to Sep 12, 2026, with distributions reinvested, PVAL returned +28.4% and QQQ returned +23.0%, so PVAL returned more. One year is one year; the longer windows are in the table.
- How much do PVAL and QQQ overlap with the S&P 500?
- By their latest filed holdings, 95% of PVAL and 97% of QQQ by weight is stocks the S&P 500 already holds. Between the two funds, 18% 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, PVAL against QQQ, data as of Sep 12, 2026. https://etfiq.com/compare/any/PVAL-QQQ Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources