Data as of Oct 28, 2026.
CGDV vs PVAL: Differences, Returns & Fees
Over the year to Oct 28, 2026, CGDV returned +15.8% to PVAL's +26.6%; 25% of their weight is in the same names.
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Net assets: $39.1bn on Oct 27, 2026 for Capital Group Dividend Value ETF, and $14.1bn on Aug 31, 2026 for Putnam Focused Large Cap Value ETF.
Pair scorecard
CGDV costs 0.22 points a year less; their one-year returns differ by 10.8 points.
| Measure | CGDV | PVAL |
|---|---|---|
| Return | ||
| Total return, 1 year | +15.8% | +26.6% |
| Drawdown | ||
| Below its high | 3.6%, high on Aug 13, 2026 | |
| Benchmark | ||
| What it tracks | No index, actively managed | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.33% | 0.55% |
| Net assets, CGDV as of Oct 27, 2026 and PVAL as of Aug 31, 2026 | $39.1bn | $14.1bn |
| Holdings | ||
| Holdings in common | 25% | |
| Top ten holdings, share of the fund | 42.0% | 42.8% |
Holdings in common uses holdings dated Aug 31, 2026. Method
Risk and return
Mar 4, 2022 to Oct 23, 2026 · 242 weekly returns · each against IWDPVAL returned slightly more: +110.6% to +107.2%. CGDV swung slightly less: 14.8% to 15.2%. PVAL fell less at its worst: −15.6% to −21.1%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | CGDV | PVAL | IWD | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +107.2% | +110.6% | PVAL (slight) | Price change plus distributions, reinvested. | |
| Annualized | +16.9% | +17.4% | PVAL (slight) | Total return as a yearly rate. | |
| Price return | +93.0% | +99.9% | PVAL (slight) | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 14.8% | 15.2% | CGDV (slight) | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 9.8% | 10.3% | CGDV (slight) | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −21.1% | −15.6% | PVAL | Deepest fall from a high to the low after it. | |
| Upside capture | 93.8% | 101.7% | 100.0% | PVAL (slight) | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 88.1% | 92.7% | 100.0% | CGDV (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.93 | 1.00 | 1.00 | CGDV lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.86 | 0.93 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.85 | 0.85 | Tie | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.28 | 1.26 | Tie | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.134 | 0.130 | 0.087 | CGDV (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 0.80 | 1.12 | PVAL | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | IWD | IWD | IWD | The ETF each fund is measured against. | |
| Alpha | +4.4% a year | +4.2% a year | 0.0% | PVAL significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 1.70 | 2.27 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −0.7% to +9.4% | +0.6% to +7.9% | CGDV's includes zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.68 | 1.06 | PVAL | Return against its benchmark per unit of tracking error. | |
| Tracking error | 5.6% | 4.0% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 242 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, CGDV and PVAL hold 25% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026.
half
25% in common
Only in one fund ↓
Side by side
CGDV and PVAL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
CGDV and PVAL are built for the same job. How do they differ in cost, holdings and results?
- Holdings in common. 25% of the weight is in the same securities (holdings dated Aug 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 CGDV returned +15.8% and PVAL +26.6% with distributions reinvested, a gap of 10.8 points.
- Cost. CGDV charges 0.33% of assets a year and PVAL 0.55%, a gap of 0.22 points.
Data as of Oct 28, 2026.
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Over the year to Oct 28, 2026 it returned +15.8% with distributions reinvested, against +27.5% for its benchmark, the Russell 1000 Value Index.
CGDV is actively managed and tracks no index. The prospectus expense ratio is 0.33% a year. By its holdings filed for Aug 31, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 53 positions, with the top ten at 42.0%. It sat 3.6% below its high of Aug 13, 2026 on Oct 28, 2026.
Over the year to Oct 28, 2026 it returned +26.6% with distributions reinvested, against +27.5% for its benchmark, the Russell 1000 Value Index.
PVAL is actively managed and tracks no index. The prospectus expense ratio is 0.55% a year. By its holdings filed for Aug 31, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 44 positions, with the top ten at 42.8%.
Questions people ask
- Which returned more over the last year, CGDV or PVAL?
- In the year to Oct 28, 2026, with distributions reinvested, CGDV returned +15.8% and PVAL +26.6%.
- Which is cheaper, CGDV or PVAL?
- CGDV is cheaper, by 0.22 percentage points a year. That is about $22 on $10,000 held for a year. Fees come from each fund's prospectus.
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, CGDV against PVAL, data as of Oct 28, 2026. https://etfiq.com/compare/any/cgdv-vs-pval
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