Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
PVAL vs VOE: how they differ
PVAL and VOE hold 8% of their weight in the same names, and PVAL returned more over the year.
Putnam Focused Large Cap Value ETF and Vanguard Mid-Cap Value Index Fund.
What they hold in common
By the books each fund has filed, PVAL and VOE hold 8% of their money in the same securities at the same weight.
| Holding | PVAL | VOE |
|---|---|---|
| VALERO ENERGY CORP | 1.88% | 1.34% |
| GENERAL MOTORS COMPANY | 2.46% | 1.21% |
| UNITED RENTALS INC | 1.09% | 1.23% |
| ALLSTATE CORP (THE) | 2.48% | 1.06% |
| CORTEVA INC | 1.71% | 0.99% |
| FEDEX CORP | 2.71% | 0.58% |
| REGENERON PHARMACEUTICALS INC | 1.34% | 0.56% |
| PULTEGROUP INC | 1.68% | 0.45% |
| PPL CORP | 1.51% | 0.45% |
| SOUTHWEST AIRLINES COMPANY | 2.60% | 0.44% |
| INGERSOLL RAND INC | 1.18% | 0.28% |
| Only in PVAL | Only in VOE |
|---|---|
| CISCO SYSTEMS INC 6.06% | Cummins Inc 1.71% |
| CITIGROUP INC 4.68% | Marathon Petroleum Corp 1.29% |
| EXXON MOBIL CORP 3.66% | CRH PLC 1.24% |
| ALPHABET INC 3.33% | SLB Ltd 1.21% |
| ADVANCED MICRO DEVICES INC 3.09% | Simon Property Group Inc 1.20% |
| SEAGATE TECHNOLOGY HOLDINGS PLC 3.08% | Phillips 66 1.18% |
| AMAZON.COM INC 2.96% | Warner Bros Discovery Inc 1.10% |
| MICROSOFT CORP 2.96% | PACCAR Inc 1.10% |
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 Jun 30, 2026 and May 29, 2026.
| PVAL Putnam Focused Large Cap Value ETF | VOE Vanguard Mid-Cap Value Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Putnam | Vanguard |
| What it is | Putnam Focused Large Cap Value | Mid-Cap Value |
| Total return, 1 year | +28.4% | +20.2% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +10.8 pts | +2.7 pts |
| Expense ratio | not published | 0.05% |
| Already in the S&P 500 | 94.9% | 96.6% |
| Holdings | 45 | 170 |
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%.
VOE in plain words
VOE is an index equity fund tracking the Mid-Cap Value. Over the year to Sep 11, 2026 it returned +20.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.05% a year. By its holdings filed for Jun 30, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 170 positions, with the top ten at 12.7%.
Questions people ask
- Which returned more over the last year, PVAL or VOE?
- In the year to Sep 12, 2026, with distributions reinvested, PVAL returned +28.4% and VOE returned +20.2%, so PVAL returned more. One year is one year; the longer windows are in the table.
- How much do PVAL and VOE overlap with the S&P 500?
- By their latest filed holdings, 95% of PVAL and 97% of VOE by weight is stocks the S&P 500 already holds. Between the two funds, 8% 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 VOE, data as of Sep 12, 2026. https://etfiq.com/compare/any/PVAL-VOE Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources