Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
PVAL vs VNQ: how they differ
PVAL and VNQ hold 2% of their weight in the same names, and PVAL returned more over the year.
Putnam Focused Large Cap Value ETF and Vanguard Real Estate Index Fund.
What they hold in common
By the books each fund has filed, PVAL and VNQ hold 2% of their money in the same securities at the same weight.
| Holding | PVAL | VNQ |
|---|---|---|
| PROLOGIS INC | 2.04% | 7.02% |
| Only in PVAL | Only in VNQ |
|---|---|
| CISCO SYSTEMS INC 6.06% | Vanguard Real Estate II Index Fund 14.67% |
| CITIGROUP INC 4.68% | Welltower Inc 7.86% |
| EXXON MOBIL CORP 3.66% | Equinix Inc 5.66% |
| ALPHABET INC 3.33% | American Tower Corp 4.55% |
| ADVANCED MICRO DEVICES INC 3.09% | Digital Realty Trust Inc 3.67% |
| SEAGATE TECHNOLOGY HOLDINGS PLC 3.08% | Simon Property Group Inc 3.54% |
| AMAZON.COM INC 2.96% | Realty Income Corp 3.12% |
| MICROSOFT CORP 2.96% | Public Storage 2.54% |
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 | VNQ Vanguard Real Estate Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Putnam | Vanguard |
| What it is | Putnam Focused Large Cap Value | US real estate |
| Total return, 1 year | +28.4% | +5.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +10.8 pts | −11.9 pts |
| Expense ratio | not published | 0.13% |
| Already in the S&P 500 | 94.9% | 63.3% |
| Holdings | 45 | 146 |
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%.
VNQ in plain words
VNQ is an index equity fund tracking the US real estate. Over the year to Sep 11, 2026 it returned +5.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.13% a year. By its holdings filed for Apr 30, 2026, 63% of the fund by weight is stocks the S&P 500 also holds, across 146 positions, with the top ten at 54.9%. It sat 6.1% below its high of Jul 28, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, PVAL or VNQ?
- In the year to Sep 12, 2026, with distributions reinvested, PVAL returned +28.4% and VNQ returned +5.6%, so PVAL returned more. One year is one year; the longer windows are in the table.
- How much do PVAL and VNQ overlap with the S&P 500?
- By their latest filed holdings, 95% of PVAL and 63% of VNQ by weight is stocks the S&P 500 already holds. Between the two funds, 2% 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 VNQ, data as of Sep 12, 2026. https://etfiq.com/compare/any/PVAL-VNQ Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources