Data as of Oct 28, 2026.
DIA vs PVAL: Differences, Returns & Fees
Over the year to Oct 28, 2026, DIA returned +11.6% to PVAL's +26.6%; 20% of their weight is in the same names.
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Net assets: $45.9bn on Oct 27, 2026 for SPDR Dow Jones Industrial Average ETF Trust, and $14.1bn on Aug 31, 2026 for Putnam Focused Large Cap Value ETF.
Pair scorecard
DIA costs 0.39 points a year less; their one-year returns differ by 15.0 points.
| Measure | DIA | PVAL |
|---|---|---|
| Return | ||
| Total return, 1 year | +11.6% | +26.6% |
| Drawdown | ||
| Below its high | 3.0%, high on Aug 5, 2026 | |
| Benchmark | ||
| What it tracks | Dow Jones Industrial Average | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.16% | 0.55% |
| Net assets, DIA as of Oct 27, 2026 and PVAL as of Aug 31, 2026 | $45.9bn | $14.1bn |
| Holdings | ||
| Holdings in common | 20% | |
| Top ten holdings, share of the fund | 54.7% | 42.8% |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method
Risk and return
Jun 4, 2021 to Oct 23, 2026 · 281 weekly returnsPVAL returned more: +123.6% to +64.4%. DIA swung slightly less: 14.2% to 14.9%. PVAL fell less at its worst: −15.6% to −19.8%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | DIA | PVAL | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +64.4% | +123.6% | PVAL | Price change plus distributions, reinvested. |
| Annualized | +9.6% | +16.1% | PVAL | Total return as a yearly rate. |
| Price return | +49.9% | +111.2% | PVAL | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 14.2% | 14.9% | DIA (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 9.6% | 10.1% | DIA (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −19.8% | −15.6% | PVAL | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.46 | 0.83 | PVAL | Return above Treasury bills per unit of volatility. |
| Sortino | 0.68 | 1.23 | PVAL | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.49 | 1.03 | PVAL | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 281 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, DIA and PVAL hold 20% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
20% in common
Only in one fund ↓
Side by side
DIA and PVAL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
DIA and PVAL do different jobs. What does each one do in a portfolio?
- What each follows. DIA follows Dow Jones Industrial Average and PVAL follows No index, actively managed.
- Holdings in common. 20% of the weight is in the same securities (holdings dated Oct 27, 2026 and Aug 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 DIA returned +11.6% and PVAL +26.6% with distributions reinvested, a gap of 15.0 points.
Data as of Oct 28, 2026.
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DIA
DIA tracks the Dow Jones Industrial Average. Over the year to Oct 28, 2026 it returned +11.6% with distributions reinvested. The prospectus expense ratio is 0.16% a year. By its holdings published by its issuer for Oct 27, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 30 positions, with the top ten at 54.7%. It sat 3.0% below its high of Aug 5, 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, DIA or PVAL?
- In the year to Oct 28, 2026, with distributions reinvested, DIA returned +11.6% and PVAL +26.6%.
- Which is cheaper, DIA or PVAL?
- DIA is cheaper, by 0.39 percentage points a year. That is about $39 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, DIA against PVAL, data as of Oct 28, 2026. https://etfiq.com/compare/any/dia-vs-pval
ETFIQ. (Oct 28, 2026). DIA against PVAL. Retrieved from https://etfiq.com/compare/any/dia-vs-pval
[DIA against PVAL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/dia-vs-pval)
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