Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
PVAL vs XLU: how they differ
PVAL and XLU 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) Utilities Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, PVAL and XLU hold 4% of their money in the same securities at the same weight.
| Holding | PVAL | XLU |
|---|---|---|
| NEXTERA ENERGY INC | 2.00% | 12.93% |
| PPL CORP | 1.51% | 1.93% |
| NRG ENERGY INC | 0.88% | 2.18% |
| Only in PVAL | Only in XLU |
|---|---|
| CISCO SYSTEMS INC 6.06% | Southern Co/The 7.62% |
| CITIGROUP INC 4.68% | Duke Energy Corp 6.97% |
| EXXON MOBIL CORP 3.66% | Constellation Energy Corp 5.61% |
| ALPHABET INC 3.33% | American Electric Power Co Inc 5.26% |
| ADVANCED MICRO DEVICES INC 3.09% | Sempra 4.28% |
| SEAGATE TECHNOLOGY HOLDINGS PLC 3.08% | Dominion Energy Inc 4.24% |
| AMAZON.COM INC 2.96% | Entergy Corp 3.71% |
| MICROSOFT CORP 2.96% | Vistra Corp 3.55% |
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 | XLU State Street(R) Utilities 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 | Utilities |
| Total return, 1 year | +28.4% | +2.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +10.8 pts | −15.1 pts |
| Expense ratio | not published | 0.08% |
| Already in the S&P 500 | 94.9% | 100.0% |
| Holdings | 45 | 31 |
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%.
XLU in plain words
XLU is an index equity fund tracking the Utilities. Over the year to Sep 11, 2026 it returned +2.4% 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 31 positions, with the top ten at 57.7%. It sat 10.0% below its high of Feb 27, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, PVAL or XLU?
- In the year to Sep 12, 2026, with distributions reinvested, PVAL returned +28.4% and XLU returned +2.4%, so PVAL returned more. One year is one year; the longer windows are in the table.
- How much do PVAL and XLU overlap with the S&P 500?
- By their latest filed holdings, 95% of PVAL and 100% of XLU 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 XLU, data as of Sep 12, 2026. https://etfiq.com/compare/any/PVAL-XLU Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources