Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
PVAL vs VTV: how they differ
PVAL and VTV hold 20% of their weight in the same names, and PVAL returned more over the year.
Putnam Focused Large Cap Value ETF and Vanguard Value Index Fund.
What they hold in common
By the books each fund has filed, PVAL and VTV hold 20% of their money in the same securities at the same weight.
| Holding | PVAL | VTV |
|---|---|---|
| EXXON MOBIL CORP | 3.66% | 2.13% |
| CISCO SYSTEMS INC | 6.06% | 1.57% |
| UNITEDHEALTH GROUP INC | 1.66% | 1.42% |
| WALMART INC | 1.39% | 1.87% |
| BANK OF AMERICA CORP | 2.65% | 1.37% |
| GOLDMAN SACHS GROUP INC (THE) | 2.24% | 1.07% |
| PHILIP MORRIS INTERNATIONAL INC | 2.72% | 1.06% |
| COCA-COLA COMPANY (THE) | 2.85% | 1.05% |
| CITIGROUP INC | 4.68% | 0.85% |
| QUALCOMM INC | 2.15% | 0.73% |
| THERMO FISHER SCIENTIFIC INC | 2.15% | 0.70% |
| NEXTERA ENERGY INC | 2.00% | 0.65% |
| Only in PVAL | Only in VTV |
|---|---|
| ALPHABET INC 3.33% | Micron Technology Inc 4.89% |
| ADVANCED MICRO DEVICES INC 3.09% | JPMorgan Chase & Co 3.07% |
| SEAGATE TECHNOLOGY HOLDINGS PLC 3.08% | Berkshire Hathaway Inc 2.96% |
| AMAZON.COM INC 2.96% | Johnson & Johnson 2.30% |
| MICROSOFT CORP 2.96% | Caterpillar Inc 1.84% |
| HILTON WORLDWIDE HOLDINGS INC 2.87% | AbbVie Inc 1.67% |
| JOHNSON CONTROLS INTERNATIONAL PLC 2.05% | Home Depot Inc/The 1.32% |
| ASTRAZENECA PLC 1.86% | Procter & Gamble Co/The 1.28% |
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 | VTV Vanguard Value Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Putnam | Vanguard |
| What it is | Putnam Focused Large Cap Value | US value |
| Total return, 1 year | +28.4% | +22.9% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +10.8 pts | +5.4 pts |
| Expense ratio | not published | 0.03% |
| Already in the S&P 500 | 94.9% | 98.6% |
| Holdings | 45 | 308 |
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%.
VTV in plain words
VTV is an index equity fund tracking the US value. Over the year to Sep 11, 2026 it returned +22.9% 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. By its holdings filed for Jun 30, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 308 positions, with the top ten at 23.7%.
Questions people ask
- Which returned more over the last year, PVAL or VTV?
- In the year to Sep 12, 2026, with distributions reinvested, PVAL returned +28.4% and VTV returned +22.9%, so PVAL returned more. One year is one year; the longer windows are in the table.
- How much do PVAL and VTV overlap with the S&P 500?
- By their latest filed holdings, 95% of PVAL and 99% of VTV by weight is stocks the S&P 500 already holds. Between the two funds, 20% 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 VTV, data as of Sep 12, 2026. https://etfiq.com/compare/any/PVAL-VTV Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources