Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
PVAL vs XLC: how they differ
PVAL and XLC hold 4% of their weight in the same names, and PVAL returned more over the year.
Putnam Focused Large Cap Value ETF and State Street(R) Communication Services Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, PVAL and XLC hold 4% of their money in the same securities at the same weight.
| Holding | PVAL | XLC |
|---|---|---|
| ALPHABET INC | 3.33% | 13.10% |
| T-MOBILE US INC | 1.03% | 4.16% |
| Only in PVAL | Only in XLC |
|---|---|
| CISCO SYSTEMS INC 6.06% | Meta Platforms Inc 19.93% |
| CITIGROUP INC 4.68% | Alphabet Inc 10.44% |
| EXXON MOBIL CORP 3.66% | Take-Two Interactive Software Inc 5.26% |
| ADVANCED MICRO DEVICES INC 3.09% | Netflix Inc 4.84% |
| SEAGATE TECHNOLOGY HOLDINGS PLC 3.08% | Comcast Corp 4.71% |
| AMAZON.COM INC 2.96% | Warner Bros Discovery Inc 4.67% |
| MICROSOFT CORP 2.96% | Electronic Arts Inc 4.64% |
| FREEPORT-MCMORAN INC 2.95% | Walt Disney Co/The 4.49% |
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 | XLC State Street(R) Communication Services 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 | Communication services |
| Total return, 1 year | +28.4% | −2.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +10.8 pts | −19.5 pts |
| Expense ratio | not published | 0.08% |
| Already in the S&P 500 | 94.9% | 100.0% |
| Holdings | 45 | 23 |
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%.
XLC in plain words
XLC is an index equity fund tracking the Communication services. Over the year to Sep 11, 2026 it returned −2.0% 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 23 positions, with the top ten at 76.2%. It sat 5.7% below its high of Jan 30, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, PVAL or XLC?
- In the year to Sep 12, 2026, with distributions reinvested, PVAL returned +28.4% and XLC returned −2.0%, so PVAL returned more. One year is one year; the longer windows are in the table.
- How much do PVAL and XLC overlap with the S&P 500?
- By their latest filed holdings, 95% of PVAL and 100% of XLC by weight is stocks the S&P 500 already holds. Between the two funds, 4% 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 XLC, data as of Sep 12, 2026. https://etfiq.com/compare/any/PVAL-XLC Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources