Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
PVAL vs XLK: how they differ
PVAL and XLK hold 10% of their weight in the same names, and XLK returned more over the year.
Putnam Focused Large Cap Value ETF and State Street(R) Technology Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, PVAL and XLK hold 10% of their money in the same securities at the same weight.
| Holding | PVAL | XLK |
|---|---|---|
| ADVANCED MICRO DEVICES INC | 3.09% | 5.28% |
| MICROSOFT CORP | 2.96% | 8.38% |
| CISCO SYSTEMS INC | 6.06% | 2.59% |
| QUALCOMM INC | 2.15% | 1.09% |
| Only in PVAL | Only in XLK |
|---|---|
| CITIGROUP INC 4.68% | NVIDIA Corp 14.66% |
| EXXON MOBIL CORP 3.66% | Apple Inc 12.86% |
| ALPHABET INC 3.33% | Micron Technology Inc 5.42% |
| SEAGATE TECHNOLOGY HOLDINGS PLC 3.08% | Broadcom Inc 5.41% |
| AMAZON.COM INC 2.96% | Intel Corp 3.68% |
| FREEPORT-MCMORAN INC 2.95% | Applied Materials Inc 3.20% |
| HILTON WORLDWIDE HOLDINGS INC 2.87% | Lam Research Corp 3.02% |
| COCA-COLA COMPANY (THE) 2.85% | KLA Corp 2.20% |
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 | XLK State Street(R) Technology 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 | Technology |
| Total return, 1 year | +28.4% | +39.2% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +10.8 pts | +21.7 pts |
| Expense ratio | not published | 0.08% |
| Already in the S&P 500 | 94.9% | 100.0% |
| Holdings | 45 | 74 |
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%.
XLK in plain words
XLK is an index equity fund tracking the Technology. Over the year to Sep 11, 2026 it returned +39.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% 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 74 positions, with the top ten at 64.5%. It sat 5.2% below its high of Jun 2, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, PVAL or XLK?
- In the year to Sep 12, 2026, with distributions reinvested, PVAL returned +28.4% and XLK returned +39.2%, so XLK returned more. One year is one year; the longer windows are in the table.
- How much do PVAL and XLK overlap with the S&P 500?
- By their latest filed holdings, 95% of PVAL and 100% of XLK by weight is stocks the S&P 500 already holds. Between the two funds, 10% 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 XLK, data as of Sep 12, 2026. https://etfiq.com/compare/any/PVAL-XLK Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources