Which returned more over the last year, GLD or PVAL?

In the year to Oct 28, 2026, with distributions reinvested, GLD returned +2.5% and PVAL +26.6%.

Which is cheaper, GLD or PVAL?

GLD is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's own filings.

Data as of Oct 28, 2026.

Across categories

GLD vs PVAL: Differences, Returns & Fees

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GLD is a commodity fund and PVAL an actively managed equity fund, and over the year to Oct 28, 2026, PVAL returned +26.6% against +2.5%.

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Net assets: $135.8bn on Oct 27, 2026 for SPDR Gold Shares, and $14.1bn on Aug 31, 2026 for Putnam Focused Large Cap Value ETF.

GLD on its own →PVAL on its own →

At a glance

+2.5%

GLD total return, 1 year

+26.6%

PVAL total return, 1 year

0.40%

GLD expense ratio

0.55%

PVAL expense ratio

Pair scorecard

GLD costs 0.15 points a year less; their one-year returns differ by 24.1 points.

GLD vs PVAL: Differences, Returns & Fees
Measure	GLD	PVAL
Return
Measure	GLD	PVAL
Total return, 1 year	+2.5%	+26.6%
Drawdown
Measure	GLD	PVAL
Below its high	24.7%, high on Jan 29, 2026
Benchmark
Measure	GLD	PVAL
What it tracks	Gold	No index, actively managed
Cost and size
Measure	GLD	PVAL
Expense ratio	0.40%	0.55%
Net assets, GLD as of Oct 27, 2026 and PVAL as of Aug 31, 2026	$135.8bn	$14.1bn
Holdings
Measure	GLD	PVAL
Holdings in common	not published
In the S&P 500, by weight		91%
Top ten holdings, share of the fund		42.8%

Method

Side by side

GLD SPDR Gold Shares PVAL Putnam Focused Large Cap Value ETF

Where it sits Commodity ETF Stock ETF

Issuer State Street Putnam

What it is Holds gold Actively managed

Total return, 1 year +2.5% +26.6%

Its benchmark over the same days +2.7% (IAU) +27.5% (IWD)

Gap to its benchmark −0.2 pts vs IAU −0.9 pts vs IWD

Expense ratio 0.40% 0.55%

Holdings not counted 44

Net assets, GLD as of Oct 27, 2026 and PVAL as of Aug 31, 2026 $135.8bn $14.1bn

GLD and PVAL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Alert

About each fund

GLD

Its expense ratio is 0.40% a year, for the three months to Jun 30, 2026, as its 10-Q states.

GLD holds gold. Over the year to Oct 28, 2026 it returned +2.5% with distributions reinvested, against +2.7% for its benchmark, the price of gold. It sat 24.7% below its high of Jan 29, 2026 on Oct 28, 2026.

PVAL

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, GLD or PVAL?: In the year to Oct 28, 2026, with distributions reinvested, GLD returned +2.5% and PVAL +26.6%.
Which is cheaper, GLD or PVAL?: GLD is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

GLD vs SPHD GLD vs IWD GLD vs HDV GLD vs VLUE IAU vs PVAL GLDM vs PVAL PVAL vs SLV PVAL vs SIVR

Where to next

GLD on its own →PVAL on its own →Hold both: look the portfolio through →Rankings →PVAL dividend history →PVAL holdings →Standards and sources →

Sources and dates

State Street website ↗

PVAL filings on SEC EDGAR ↗

PVAL prospectus with the expense ratio (SEC) ↗

Putnam website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, GLD against PVAL, data as of Oct 28, 2026. https://etfiq.com/compare/any/gld-vs-pval

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