Data as of Oct 28, 2026.
EQWL vs PVAL: Differences, Returns & Fees
Over the year to Oct 28, 2026, EQWL returned +15.1% to PVAL's +26.6%; 22% of their weight is in the same names.
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Net assets: $2.8bn on Oct 27, 2026 for Invesco S&P 100 Equal Weight ETF, and $14.1bn on Aug 31, 2026 for Putnam Focused Large Cap Value ETF.
Pair scorecard
EQWL costs 0.30 points a year less; their one-year returns differ by 11.5 points.
| Measure | EQWL | PVAL |
|---|---|---|
| Return | ||
| Total return, 1 year | +15.1% | +26.6% |
| Benchmark | ||
| What it tracks | S&P 100 Equal Weight Index | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.25% | 0.55% |
| Net assets, EQWL as of Oct 27, 2026 and PVAL as of Aug 31, 2026 | $2.8bn | $14.1bn |
| Holdings | ||
| Holdings in common | 22% | |
| Top ten holdings, share of the fund | 11.9% | 42.8% |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method
What they share
By the books each fund has filed, EQWL and PVAL hold 22% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
22% in common
Only in one fund ↓
Side by side
EQWL and PVAL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EQWL and PVAL are built for the same job. How do they differ in cost, holdings and results?
- What each follows. EQWL follows S&P 100 Equal Weight Index and PVAL follows No index, actively managed.
- Holdings in common. 22% 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 EQWL returned +15.1% and PVAL +26.6% with distributions reinvested, a gap of 11.5 points.
Data as of Oct 28, 2026.
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EQWL
EQWL tracks an index. Over the year to Oct 28, 2026 it returned +15.1% with distributions reinvested. The prospectus expense ratio is 0.25% a year. By its holdings published by its issuer for Oct 27, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 11.9%.
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, EQWL or PVAL?
- In the year to Oct 28, 2026, with distributions reinvested, EQWL returned +15.1% and PVAL +26.6%.
- Which is cheaper, EQWL or PVAL?
- EQWL is cheaper, by 0.30 percentage points a year. That is about $30 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, EQWL against PVAL, data as of Oct 28, 2026. https://etfiq.com/compare/any/eqwl-vs-pval
ETFIQ. (Oct 28, 2026). EQWL against PVAL. Retrieved from https://etfiq.com/compare/any/eqwl-vs-pval
[EQWL against PVAL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/eqwl-vs-pval)
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