Which returned more over the last year, PVAL or VGSH?

In the year to Sep 12, 2026, with distributions reinvested, PVAL returned +28.4% and VGSH returned +1.8%, so PVAL returned more. One year is one year; the longer windows are in the table.

Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

PVAL vs VGSH: how they differ

PVAL and VGSH hold 0% of their weight in the same names, and PVAL returned more over the year.

Putnam Focused Large Cap Value ETF and Vanguard Short-Term Treasury Index Fund.

What they hold in common

By the books each fund has filed, PVAL and VGSH hold 0% of their money in the same securities at the same weight.

Largest positions each one holds and the other does not
Only in PVAL	Only in VGSH
CISCO SYSTEMS INC 6.06%	United States Treasury Note/Bond 2.26%
CITIGROUP INC 4.68%	United States Treasury Note/Bond 1.41%
EXXON MOBIL CORP 3.66%	United States Treasury Note/Bond 1.36%
ALPHABET INC 3.33%	United States Treasury Note/Bond 1.32%
ADVANCED MICRO DEVICES INC 3.09%	United States Treasury Note/Bond 1.31%
SEAGATE TECHNOLOGY HOLDINGS PLC 3.08%	United States Treasury Note/Bond 1.30%
AMAZON.COM INC 2.96%	United States Treasury Note/Bond 1.27%
MICROSOFT CORP 2.96%	United States Treasury Note/Bond 1.27%

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 and VGSH on the fields both publish, as of Sep 12, 2026. Source: ETFIQ.
	PVAL Putnam Focused Large Cap Value ETF	VGSH Vanguard Short-Term Treasury Index Fund
Where it sits	Core index fund	Core index fund
Issuer	Putnam	Vanguard
What it is	Putnam Focused Large Cap Value	Short-Term Treasury
Total return, 1 year	+28.4%	+1.8%
S&P 500 over the same days	+17.5%	+17.5%
Gap to the S&P 500	+10.8 pts	−15.7 pts
Expense ratio	not published	0.03%
Holdings	45	91

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%.

VGSH in plain words

VGSH is a bond fund tracking the Short-Term Treasury. Over the year to Sep 11, 2026 it returned +1.8% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.03% a year.

Questions people ask

Which returned more over the last year, PVAL or VGSH?: In the year to Sep 12, 2026, with distributions reinvested, PVAL returned +28.4% and VGSH returned +1.8%, so PVAL returned more. One year is one year; the longer windows are in the table.

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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.

PVAL against VGSH, ETFIQ, data as of Sep 12, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, PVAL against VGSH, data as of Sep 12, 2026. https://etfiq.com/compare/any/PVAL-VGSH Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources