Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
PVAL vs VLUE: how they differ
PVAL and VLUE hold 17% of their weight in the same names, and VLUE returned more over the year.
Putnam Focused Large Cap Value ETF and iShares MSCI USA Value Factor ETF.
What they hold in common
By the books each fund has filed, PVAL and VLUE hold 17% of their money in the same securities at the same weight.
| Holding | PVAL | VLUE |
|---|---|---|
| CISCO SYSTEMS INC | 6.06% | 4.97% |
| GENERAL MOTORS COMPANY | 2.46% | 3.16% |
| CITIGROUP INC | 4.68% | 1.94% |
| BANK OF AMERICA CORP | 2.65% | 1.88% |
| QUALCOMM INC | 2.15% | 1.80% |
| FEDEX CORP | 2.71% | 1.69% |
| VALERO ENERGY CORP | 1.88% | 0.70% |
| UNITED RENTALS INC | 1.09% | 0.69% |
| CAPITAL ONE FINANCIAL CORP | 2.06% | 0.62% |
| PULTEGROUP INC | 1.68% | 0.59% |
| Only in PVAL | Only in VLUE |
|---|---|
| EXXON MOBIL CORP 3.66% | MICRON TECHNOLOGY, INC. 11.63% |
| ALPHABET INC 3.33% | INTEL CORPORATION 9.29% |
| ADVANCED MICRO DEVICES INC 3.09% | APPLIED MATERIALS, INC. 3.67% |
| SEAGATE TECHNOLOGY HOLDINGS PLC 3.08% | VERIZON COMMUNICATIONS INC. 2.66% |
| AMAZON.COM INC 2.96% | AT&T INC. 2.53% |
| MICROSOFT CORP 2.96% | WESTERN DIGITAL CORPORATION 1.89% |
| FREEPORT-MCMORAN INC 2.95% | MERCK & CO., INC. 1.57% |
| HILTON WORLDWIDE HOLDINGS INC 2.87% | COMCAST CORPORATION 1.50% |
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 | VLUE iShares MSCI USA Value Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Putnam | iShares |
| What it is | Putnam Focused Large Cap Value | MSCI USA Value Factor |
| Total return, 1 year | +28.4% | +69.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +10.8 pts | +51.9 pts |
| Expense ratio | not published | 0.15% |
| Already in the S&P 500 | 94.9% | 96.9% |
| Holdings | 45 | 148 |
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%.
VLUE in plain words
VLUE is an index equity fund tracking the MSCI USA Value Factor. Over the year to Sep 11, 2026 it returned +69.4% 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, 97% of the fund by weight is stocks the S&P 500 also holds, across 148 positions, with the top ten at 43.6%.
Questions people ask
- Which returned more over the last year, PVAL or VLUE?
- In the year to Sep 12, 2026, with distributions reinvested, PVAL returned +28.4% and VLUE returned +69.4%, so VLUE returned more. One year is one year; the longer windows are in the table.
- How much do PVAL and VLUE overlap with the S&P 500?
- By their latest filed holdings, 95% of PVAL and 97% of VLUE by weight is stocks the S&P 500 already holds. Between the two funds, 17% 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 VLUE, data as of Sep 12, 2026. https://etfiq.com/compare/any/PVAL-VLUE Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources