DIVB vs PVAL: Differences, Returns & Fees
DIVB and PVAL hold 12% of their weight in the same names, and DIVB returned +30.6% over the year. Net assets: $2.0bn on Oct 9, 2026 for iShares Core Dividend ETF, and $11.1bn on May 29, 2026 for Putnam Focused Large Cap Value ETF.
DIVB costs 0.50 points a year less; their one-year returns differ by 2.0 points; PVAL is 7.5 times larger.
| DIVB | PVAL | |
|---|---|---|
| Expense ratio | 0.05% | 0.55% |
| Net assets, as of May 29, 2026 | $1.5bn | $11.1bn |
| Total return, 1 year | +30.6% | +28.6% |
| What it tracks | Morningstar US Dividend and Buyback Index | No index, actively managed |
| Holdings in common | 12% | |
| Top ten holdings, share of the fund | 31.9% | 35.3% |
| Below its high | 4.5%, high on Sep 3, 2026 | |
Holdings in common uses holdings dated May 29, 2026 and Oct 9, 2026.
What they hold in common
By the books each fund has filed, DIVB and PVAL hold 12% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 29, 2026 and Oct 9, 2026.
half
12% in common
On the same fields
DIVB and PVAL on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
About DIVB
DIVB tracks an index. Over the year to Oct 9, 2026 it returned +30.6% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer for Oct 9, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 381 positions, with the top ten at 31.9%. It sat 4.5% below its high of Sep 3, 2026 on Oct 9, 2026.
About PVAL
PVAL is actively managed and tracks no index. The prospectus expense ratio is 0.55% a year. By its holdings filed for May 29, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 45 positions, with the top ten at 35.3%.
Over the year to Oct 9, 2026 it returned +28.6% with distributions reinvested, against +26.4% for its benchmark, the Russell 1000 Value Index.
Questions people ask
- Which returned more over the last year, DIVB or PVAL?
- In the year to Oct 9, 2026, with distributions reinvested, DIVB returned +30.6% and PVAL +28.6%.
- Which is cheaper, DIVB or PVAL?
- DIVB is cheaper, by 0.50 percentage points a year. That is about $50 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. 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, DIVB against PVAL, data as of Oct 9, 2026. https://etfiq.com/compare/any/divb-vs-pval
ETFIQ. (Oct 9, 2026). DIVB against PVAL. Retrieved from https://etfiq.com/compare/any/divb-vs-pval
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