FNDB vs PVAL: Differences, Returns & Fees
FNDB and PVAL hold 20% of their weight in the same names, and PVAL returned +28.6% over the year. Net assets: $1.3bn on May 31, 2026 for Schwab Fundamental U.S. Broad Market ETF, and $11.1bn on May 29, 2026 for Putnam Focused Large Cap Value ETF.
FNDB costs 0.30 points a year less; their one-year returns differ by 5.0 points; PVAL is 3.3 times larger.
| FNDB | PVAL | |
|---|---|---|
| Expense ratio | 0.25% | 0.55% |
| Net assets, as of May 31, 2025 | $902m | $3.0bn |
| Total return, 1 year | +23.6% | +28.6% |
| What it tracks | not read by ETFIQ | No index, actively managed |
| Holdings in common | 20% | |
| Top ten holdings, share of the fund | 20.8% | 35.3% |
Holdings in common uses holdings dated May 29, 2026 and May 31, 2026.
What they hold in common
By the books each fund has filed, FNDB and PVAL hold 20% 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 May 31, 2026.
half
20% in common
On the same fields
FNDB and PVAL on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
About FNDB
FNDB tracks an index. Over the year to Oct 9, 2026 it returned +23.6% with distributions reinvested. The prospectus expense ratio is 0.25% a year. By its holdings filed for May 31, 2026, 84% of the fund by weight is stocks the S&P 500 also holds, across 1,637 positions, with the top ten at 20.8%.
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, FNDB or PVAL?
- In the year to Oct 9, 2026, with distributions reinvested, FNDB returned +23.6% and PVAL +28.6%.
- Which is cheaper, FNDB or PVAL?
- FNDB 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.
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, FNDB against PVAL, data as of Oct 9, 2026. https://etfiq.com/compare/any/fndb-vs-pval
ETFIQ. (Oct 9, 2026). FNDB against PVAL. Retrieved from https://etfiq.com/compare/any/fndb-vs-pval
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