DLN vs PVAL: Differences, Returns & Fees
DLN and PVAL hold 21% of their weight in the same names, and PVAL returned +28.6% over the year. Net assets: $6.1bn on Jun 30, 2026 for WisdomTree U.S. LargeCap Dividend Fund, and $11.1bn on May 29, 2026 for Putnam Focused Large Cap Value ETF.
DLN costs 0.27 points a year less; their one-year returns differ by 12.1 points.
| DLN | PVAL | |
|---|---|---|
| Expense ratio | 0.28% | 0.55% |
| Net assets, DLN as of Jun 30, 2026 and PVAL as of May 29, 2026 | $6.1bn | $11.1bn |
| Total return, 1 year | +16.5% | +28.6% |
| What it tracks | WisdomTree U.S. LargeCap Dividend Index | No index, actively managed |
| Holdings in common | 21% | |
| Top ten holdings, share of the fund | 23.4% | 35.3% |
Holdings in common uses holdings dated May 29, 2026 and Jun 30, 2026.
What they hold in common
By the books each fund has filed, DLN and PVAL hold 21% 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 Jun 30, 2026.
half
21% in common
On the same fields
DLN and PVAL on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
About DLN
DLN tracks an index. Over the year to Oct 9, 2026 it returned +16.5% with distributions reinvested. The prospectus expense ratio is 0.28% a year. By its holdings filed for Jun 30, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 309 positions, with the top ten at 23.4%.
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, DLN or PVAL?
- In the year to Oct 9, 2026, with distributions reinvested, DLN returned +16.5% and PVAL +28.6%.
- Which is cheaper, DLN or PVAL?
- DLN is cheaper, by 0.27 percentage points a year. That is about $27 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.
Cite this pageCitation, APA and Markdown
ETFIQ, DLN against PVAL, data as of Oct 9, 2026. https://etfiq.com/compare/any/dln-vs-pval
ETFIQ. (Oct 9, 2026). DLN against PVAL. Retrieved from https://etfiq.com/compare/any/dln-vs-pval
[DLN against PVAL (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/dln-vs-pval)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.