Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
GOVT vs PVAL: how they differ
GOVT and PVAL hold 0% of their weight in the same names, and PVAL returned more over the year.
iShares U.S. Treasury Bond ETF and Putnam Focused Large Cap Value ETF.
What they hold in common
By the books each fund has filed, GOVT and PVAL hold 0% of their money in the same securities at the same weight.
| Only in GOVT | Only in PVAL |
|---|---|
| US TREASURY N/B 0.60% | CISCO SYSTEMS INC 6.06% |
| TREASURY NOTE (OTR) 0.55% | CITIGROUP INC 4.68% |
| TREASURY BOND (OLD) 0.42% | EXXON MOBIL CORP 3.66% |
| TREASURY NOTE (2OLD) 0.25% | ALPHABET INC 3.33% |
| TREASURY BOND (OTR) 0.16% | ADVANCED MICRO DEVICES INC 3.09% |
| BLK CSH FND TREASURY SL AGENCY 0.11% | SEAGATE TECHNOLOGY HOLDINGS PLC 3.08% |
| TREASURY NOTE (OLD) 0.11% | AMAZON.COM INC 2.96% |
| TREASURY BOND (2OLD) 0.08% | MICROSOFT CORP 2.96% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated May 29, 2026 and Sep 10, 2026.
| GOVT iShares U.S. Treasury Bond ETF | PVAL Putnam Focused Large Cap Value ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Putnam |
| What it is | U.S. Treasury Bond | Putnam Focused Large Cap Value |
| Total return, 1 year | −1.0% | +28.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −18.5 pts | +10.8 pts |
| Expense ratio | 0.05% | not published |
| Holdings | 216 | 45 |
GOVT in plain words
GOVT is a bond fund tracking the U.S. Treasury Bond. Over the year to Sep 11, 2026 it returned −1.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.05% a year. It sat 8.4% below its high of Aug 4, 2020 on Sep 11, 2026.
PVAL in plain words
PVAL is an index equity fund tracking the Putnam Focused Large Cap Value. Over the year to Sep 11, 2026 it returned +28.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. By its holdings filed for May 29, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 45 positions, with the top ten at 35.6%.
Questions people ask
- Which returned more over the last year, GOVT or PVAL?
- In the year to Sep 13, 2026, with distributions reinvested, GOVT returned −1.0% and PVAL returned +28.4%, so PVAL returned more. One year is one year; the longer windows are in the table.
Other comparisons
Where to next
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, GOVT against PVAL, data as of Sep 13, 2026. https://etfiq.com/compare/any/govt-vs-pval Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources