Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
PVAL vs RSP: how they differ
PVAL and RSP hold 8% of their weight in the same names, and PVAL returned more over the year.
Putnam Focused Large Cap Value ETF and Invesco S&P 500 Equal Weight ETF.
What they hold in common
By the books each fund has filed, PVAL and RSP hold 8% of their money in the same securities at the same weight.
| Holding | PVAL | RSP |
|---|---|---|
| ADVANCED MICRO DEVICES INC | 3.09% | 0.33% |
| QUALCOMM INC | 2.15% | 0.26% |
| UNITEDHEALTH GROUP INC | 1.66% | 0.25% |
| AMAZON.COM INC | 2.96% | 0.24% |
| UNITED RENTALS INC | 1.09% | 0.24% |
| APOLLO GLOBAL MANAGEMENT INC | 1.41% | 0.23% |
| CISCO SYSTEMS INC | 6.06% | 0.23% |
| CITIGROUP INC | 4.68% | 0.23% |
| BLACKROCK INC | 1.18% | 0.22% |
| GOLDMAN SACHS GROUP INC (THE) | 2.24% | 0.22% |
| FEDEX CORP | 2.71% | 0.21% |
| BANK OF AMERICA CORP | 2.65% | 0.21% |
| Only in PVAL | Only in RSP |
|---|---|
| SEAGATE TECHNOLOGY HOLDINGS PLC 3.08% | Intel Corp. 0.38% |
| JOHNSON CONTROLS INTERNATIONAL PLC 2.05% | Seagate Technology Holdings PLC 0.34% |
| ASTRAZENECA PLC 1.86% | ON Semiconductor Corp. 0.33% |
| SANOFI SA 1.34% | Sandisk Corp. 0.32% |
| BJ'S WHOLESALE CLUB HOLDINGS INC 1.03% | Western Digital Corp. 0.31% |
| NOVO NORDISK A/S 0.85% | Ciena Corp. 0.30% |
| Monolithic Power Systems, Inc. 0.29% | |
| Centene Corp. 0.29% |
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.
| PVAL Putnam Focused Large Cap Value ETF | RSP Invesco S&P 500 Equal Weight ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Putnam | Invesco |
| What it is | Putnam Focused Large Cap Value | S&P 500 equal weight |
| Total return, 1 year | +28.4% | +14.8% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +10.8 pts | −2.7 pts |
| Expense ratio | not published | 0.20% |
| Already in the S&P 500 | 94.9% | 99.1% |
| Holdings | 45 | 503 |
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%.
RSP in plain words
RSP is an index equity fund tracking the S&P 500 equal weight. Over the year to Sep 11, 2026 it returned +14.8% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.20% a year. By its holdings filed for Apr 30, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 503 positions, with the top ten at 3.2%. It sat 3.5% below its high of Aug 14, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, PVAL or RSP?
- In the year to Sep 12, 2026, with distributions reinvested, PVAL returned +28.4% and RSP returned +14.8%, so PVAL returned more. One year is one year; the longer windows are in the table.
- How much do PVAL and RSP overlap with the S&P 500?
- By their latest filed holdings, 95% of PVAL and 99% of RSP by weight is stocks the S&P 500 already holds. Between the two funds, 8% 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, PVAL against RSP, data as of Sep 12, 2026. https://etfiq.com/compare/any/PVAL-RSP Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources