Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
PVAL vs VIG: how they differ
PVAL and VIG hold 18% of their weight in the same names, and PVAL returned more over the year.
Putnam Focused Large Cap Value ETF and Vanguard Dividend Appreciation Index Fund.
What they hold in common
By the books each fund has filed, PVAL and VIG hold 18% of their money in the same securities at the same weight.
| Holding | PVAL | VIG |
|---|---|---|
| MICROSOFT CORP | 2.96% | 3.99% |
| EXXON MOBIL CORP | 3.66% | 2.92% |
| CISCO SYSTEMS INC | 6.06% | 1.64% |
| BANK OF AMERICA CORP | 2.65% | 1.58% |
| UNITEDHEALTH GROUP INC | 1.66% | 1.52% |
| WALMART INC | 1.39% | 2.62% |
| COCA-COLA COMPANY (THE) | 2.85% | 1.38% |
| GOLDMAN SACHS GROUP INC (THE) | 2.24% | 1.20% |
| NEXTERA ENERGY INC | 2.00% | 0.92% |
| QUALCOMM INC | 2.15% | 0.87% |
| BLACKROCK INC | 1.18% | 0.70% |
| MCKESSON CORP | 2.44% | 0.45% |
| Only in PVAL | Only in VIG |
|---|---|
| CITIGROUP INC 4.68% | Broadcom Inc 5.21% |
| ALPHABET INC 3.33% | Apple Inc 4.10% |
| ADVANCED MICRO DEVICES INC 3.09% | JPMorgan Chase & Co 3.61% |
| SEAGATE TECHNOLOGY HOLDINGS PLC 3.08% | Eli Lilly & Co 3.36% |
| AMAZON.COM INC 2.96% | Johnson & Johnson 2.51% |
| FREEPORT-MCMORAN INC 2.95% | Visa Inc 2.34% |
| HILTON WORLDWIDE HOLDINGS INC 2.87% | Costco Wholesale Corp 2.04% |
| PHILIP MORRIS INTERNATIONAL INC 2.72% | Caterpillar Inc 1.88% |
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 | VIG Vanguard Dividend Appreciation Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Putnam | Vanguard |
| What it is | Putnam Focused Large Cap Value | Dividend growth |
| Total return, 1 year | +28.4% | +12.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +10.8 pts | −5.1 pts |
| Expense ratio | not published | 0.04% |
| Already in the S&P 500 | 94.9% | 95.7% |
| Holdings | 45 | 332 |
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%.
VIG in plain words
VIG is an index equity fund tracking the Dividend growth. Over the year to Sep 11, 2026 it returned +12.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.04% a year. By its holdings filed for Apr 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 332 positions, with the top ten at 32.7%.
Questions people ask
- Which returned more over the last year, PVAL or VIG?
- In the year to Sep 12, 2026, with distributions reinvested, PVAL returned +28.4% and VIG returned +12.4%, so PVAL returned more. One year is one year; the longer windows are in the table.
- How much do PVAL and VIG overlap with the S&P 500?
- By their latest filed holdings, 95% of PVAL and 96% of VIG by weight is stocks the S&P 500 already holds. Between the two funds, 18% of their books are the same securities at the same weight.
Other comparisons
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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 VIG, data as of Sep 12, 2026. https://etfiq.com/compare/any/PVAL-VIG Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources