Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
PVAL vs XLB: how they differ
PVAL and XLB hold 5% of their weight in the same names, and PVAL returned more over the year.
Putnam Focused Large Cap Value ETF and State Street(R) Materials Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, PVAL and XLB hold 5% of their money in the same securities at the same weight.
| Holding | PVAL | XLB |
|---|---|---|
| FREEPORT-MCMORAN INC | 2.95% | 5.31% |
| CORTEVA INC | 1.71% | 4.97% |
| Only in PVAL | Only in XLB |
|---|---|
| CISCO SYSTEMS INC 6.06% | Linde PLC 14.08% |
| CITIGROUP INC 4.68% | Newmont Corp 5.85% |
| EXXON MOBIL CORP 3.66% | Sherwin-Williams Co/The 4.95% |
| ALPHABET INC 3.33% | Ecolab Inc 4.73% |
| ADVANCED MICRO DEVICES INC 3.09% | Vulcan Materials Co 4.72% |
| SEAGATE TECHNOLOGY HOLDINGS PLC 3.08% | CRH PLC 4.67% |
| AMAZON.COM INC 2.96% | Air Products and Chemicals Inc 4.63% |
| MICROSOFT CORP 2.96% | Martin Marietta Materials Inc 4.55% |
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 | XLB State Street(R) Materials Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Putnam | State Street |
| What it is | Putnam Focused Large Cap Value | Materials |
| Total return, 1 year | +28.4% | +12.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +10.8 pts | −5.5 pts |
| Expense ratio | not published | 0.08% |
| Already in the S&P 500 | 94.9% | 100.0% |
| Holdings | 45 | 26 |
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%.
XLB in plain words
XLB is an index equity fund tracking the Materials. Over the year to Sep 11, 2026 it returned +12.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 26 positions, with the top ten at 58.5%. It sat 5.1% below its high of Aug 26, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, PVAL or XLB?
- In the year to Sep 12, 2026, with distributions reinvested, PVAL returned +28.4% and XLB returned +12.0%, so PVAL returned more. One year is one year; the longer windows are in the table.
- How much do PVAL and XLB overlap with the S&P 500?
- By their latest filed holdings, 95% of PVAL and 100% of XLB by weight is stocks the S&P 500 already holds. Between the two funds, 5% 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 XLB, data as of Sep 12, 2026. https://etfiq.com/compare/any/PVAL-XLB Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources