Data as of Oct 28, 2026.
FTEC vs PVAL: Differences, Returns & Fees
Over the year to Oct 28, 2026, FTEC returned +25.0% to PVAL's +26.6%; 20% of their weight is in the same names.
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Net assets: $22.1bn on Sep 30, 2026 for Fidelity MSCI Information Technology Index ETF, and $14.1bn on Aug 31, 2026 for Putnam Focused Large Cap Value ETF.
Pair scorecard
FTEC costs 0.47 points a year less; their one-year returns differ by 1.6 points.
| Measure | FTEC | PVAL |
|---|---|---|
| Return | ||
| Total return, 1 year | +25.0% | +26.6% |
| Drawdown | ||
| Below its high | 4.9%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | MSCI USA IMI Information Technology 25/50 Index | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.08% | 0.55% |
| Net assets, FTEC as of Sep 30, 2026 and PVAL as of Aug 31, 2026 | $22.1bn | $14.1bn |
| Holdings | ||
| Holdings in common | 20% | |
| Top ten holdings, share of the fund | 62.2% | 42.8% |
Holdings in common uses holdings dated Jul 31, 2026 and Aug 31, 2026. Method
What they share
By the books each fund has filed, FTEC and PVAL hold 20% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.
half
20% in common
Only in one fund ↓
Side by side
FTEC and PVAL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FTEC and PVAL do different jobs. What does each one do in a portfolio?
- What each follows. FTEC follows MSCI USA IMI Information Technology 25/50 Index and PVAL follows No index, actively managed.
- Holdings in common. 20% of the weight is in the same securities (holdings dated Jul 31, 2026 and Aug 31, 2026).
- Number of holdings. FTEC holds 281 positions and PVAL holds 44.
Data as of Oct 28, 2026.
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FTEC
FTEC tracks the MSCI Information Technology. Over the year to Oct 28, 2026 it returned +25.0% with distributions reinvested, against +24.7% for its benchmark, the MSCI USA IMI Information Technology 25/50 Index. The prospectus expense ratio is 0.08% a year. By its holdings filed for Jul 31, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 281 positions, with the top ten at 62.2%. It sat 4.9% below its high of Oct 6, 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, FTEC or PVAL?
- In the year to Oct 28, 2026, with distributions reinvested, FTEC returned +25.0% and PVAL +26.6%.
- Which is cheaper, FTEC or PVAL?
- FTEC is cheaper, by 0.47 percentage points a year. That is about $47 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, FTEC against PVAL, data as of Oct 28, 2026. https://etfiq.com/compare/any/ftec-vs-pval
ETFIQ. (Oct 28, 2026). FTEC against PVAL. Retrieved from https://etfiq.com/compare/any/ftec-vs-pval
[FTEC against PVAL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ftec-vs-pval)
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