Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
PVAL vs SPHD: how they differ
PVAL and SPHD hold 2% 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 High Dividend Low Volatility ETF.
What they hold in common
By the books each fund has filed, PVAL and SPHD hold 2% of their money in the same securities at the same weight.
| Holding | PVAL | SPHD |
|---|---|---|
| EXXON MOBIL CORP | 3.66% | 1.55% |
| Only in PVAL | Only in SPHD |
|---|---|
| CISCO SYSTEMS INC 6.06% | Verizon Communications Inc. 3.49% |
| CITIGROUP INC 4.68% | Altria Group, Inc. 3.45% |
| ALPHABET INC 3.33% | Healthpeak Properties, Inc. 3.24% |
| ADVANCED MICRO DEVICES INC 3.09% | Kraft Heinz Co. (The) 3.03% |
| SEAGATE TECHNOLOGY HOLDINGS PLC 3.08% | Pfizer Inc. 2.99% |
| AMAZON.COM INC 2.96% | Franklin Resources, Inc. 2.82% |
| MICROSOFT CORP 2.96% | VICI Properties Inc. 2.68% |
| FREEPORT-MCMORAN INC 2.95% | ONEOK, Inc. 2.66% |
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 | SPHD Invesco S&P 500 High Dividend Low Volatility ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Putnam | Invesco |
| What it is | Putnam Focused Large Cap Value | S&P 500 High Dividend Low Volatility |
| Total return, 1 year | +28.4% | +8.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +10.8 pts | −8.9 pts |
| Expense ratio | not published | 0.30% |
| Already in the S&P 500 | 94.9% | 95.7% |
| Holdings | 45 | 49 |
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%.
SPHD in plain words
SPHD is an index equity fund tracking the S&P 500 High Dividend Low Volatility. Over the year to Sep 11, 2026 it returned +8.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.30% a year. By its holdings filed for May 31, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 49 positions, with the top ten at 29.3%. It sat 4.1% below its high of Aug 24, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, PVAL or SPHD?
- In the year to Sep 12, 2026, with distributions reinvested, PVAL returned +28.4% and SPHD returned +8.6%, so PVAL returned more. One year is one year; the longer windows are in the table.
- How much do PVAL and SPHD overlap with the S&P 500?
- By their latest filed holdings, 95% of PVAL and 96% of SPHD by weight is stocks the S&P 500 already holds. Between the two funds, 2% 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 SPHD, data as of Sep 12, 2026. https://etfiq.com/compare/any/PVAL-SPHD Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources