Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
PVAL vs VEU: how they differ
PVAL and VEU hold 0% of their weight in the same names, and PVAL returned more over the year.
Putnam Focused Large Cap Value ETF and Vanguard FTSE All-World ex-US Index Fund.
What they hold in common
By the books each fund has filed, PVAL and VEU hold 0% of their money in the same securities at the same weight.
| Only in PVAL | Only in VEU |
|---|---|
| CISCO SYSTEMS INC 6.06% | Samsung Electronics Co Ltd 1.83% |
| CITIGROUP INC 4.68% | ASML Holding NV 1.45% |
| EXXON MOBIL CORP 3.66% | SK hynix Inc 1.24% |
| ALPHABET INC 3.33% | Tencent Holdings Ltd 0.97% |
| ADVANCED MICRO DEVICES INC 3.09% | HSBC Holdings PLC 0.81% |
| SEAGATE TECHNOLOGY HOLDINGS PLC 3.08% | Alibaba Group Holding Ltd 0.76% |
| AMAZON.COM INC 2.96% | AstraZeneca PLC 0.73% |
| MICROSOFT CORP 2.96% | Novartis AG 0.73% |
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 | VEU Vanguard FTSE All-World ex-US Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Putnam | Vanguard |
| What it is | Putnam Focused Large Cap Value | FTSE All-World ex-US |
| Total return, 1 year | +28.4% | +22.9% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +10.8 pts | +5.4 pts |
| Expense ratio | not published | 0.04% |
| Already in the S&P 500 | 94.9% | 0.0% |
| Holdings | 45 | 3860 |
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%.
VEU in plain words
VEU is an index equity fund tracking the FTSE All-World ex-US. Over the year to Sep 11, 2026 it returned +22.9% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.04% a year. By its holdings filed for Apr 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 3860 positions, with the top ten at 13.6%.
Questions people ask
- Which returned more over the last year, PVAL or VEU?
- In the year to Sep 12, 2026, with distributions reinvested, PVAL returned +28.4% and VEU returned +22.9%, so PVAL returned more. One year is one year; the longer windows are in the table.
- How much do PVAL and VEU overlap with the S&P 500?
- By their latest filed holdings, 95% of PVAL and 0% of VEU by weight is stocks the S&P 500 already holds. Between the two funds, 0% 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 VEU, data as of Sep 12, 2026. https://etfiq.com/compare/any/PVAL-VEU Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources