Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
PVAL vs SPHQ: how they differ
PVAL and SPHQ hold 10% 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 Quality ETF.
What they hold in common
By the books each fund has filed, PVAL and SPHQ hold 10% of their money in the same securities at the same weight.
| Holding | PVAL | SPHQ |
|---|---|---|
| CISCO SYSTEMS INC | 6.06% | 3.54% |
| COCA-COLA COMPANY (THE) | 2.85% | 3.34% |
| QUALCOMM INC | 2.15% | 2.03% |
| ALLSTATE CORP (THE) | 2.48% | 0.70% |
| CORTEVA INC | 1.71% | 0.56% |
| Only in PVAL | Only in SPHQ |
|---|---|
| CITIGROUP INC 4.68% | Costco Wholesale Corp. 4.82% |
| EXXON MOBIL CORP 3.66% | Visa Inc. 4.69% |
| ALPHABET INC 3.33% | Apple Inc. 4.51% |
| ADVANCED MICRO DEVICES INC 3.09% | Mastercard Inc. 4.32% |
| SEAGATE TECHNOLOGY HOLDINGS PLC 3.08% | General Electric Co. 4.16% |
| AMAZON.COM INC 2.96% | Lam Research Corp. 4.10% |
| MICROSOFT CORP 2.96% | Caterpillar Inc. 3.78% |
| FREEPORT-MCMORAN INC 2.95% | Procter & Gamble Co. (The) 3.46% |
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 | SPHQ Invesco S&P 500 Quality ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Putnam | Invesco |
| What it is | Putnam Focused Large Cap Value | S&P 500 Quality |
| Total return, 1 year | +28.4% | +17.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +10.8 pts | −0.1 pts |
| Expense ratio | not published | 0.15% |
| Already in the S&P 500 | 94.9% | 99.9% |
| Holdings | 45 | 99 |
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%.
SPHQ in plain words
SPHQ is an index equity fund tracking the S&P 500 Quality. Over the year to Sep 11, 2026 it returned +17.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Apr 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 99 positions, with the top ten at 40.7%. It sat 6.1% below its high of Jun 30, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, PVAL or SPHQ?
- In the year to Sep 12, 2026, with distributions reinvested, PVAL returned +28.4% and SPHQ returned +17.4%, so PVAL returned more. One year is one year; the longer windows are in the table.
- How much do PVAL and SPHQ overlap with the S&P 500?
- By their latest filed holdings, 95% of PVAL and 100% of SPHQ by weight is stocks the S&P 500 already holds. Between the two funds, 10% 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 SPHQ, data as of Sep 12, 2026. https://etfiq.com/compare/any/PVAL-SPHQ Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources