Data as of Oct 28, 2026.
HDV vs PVAL: Differences, Returns & Fees
Over the year to Oct 28, 2026, HDV returned +29.4% to PVAL's +26.6%; 15% of their weight is in the same names.
askIQ about this page
askIQ about HDV and PVAL
Net assets: $15.9bn on Oct 27, 2026 for iShares Core High Dividend ETF, and $14.1bn on Aug 31, 2026 for Putnam Focused Large Cap Value ETF.
Pair scorecard
HDV costs 0.47 points a year less; their one-year returns differ by 2.8 points.
| Measure | HDV | PVAL |
|---|---|---|
| Return | ||
| Total return, 1 year | +29.4% | +26.6% |
| Benchmark | ||
| What it tracks | Morningstar Dividend Yield Focus Index | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.08% | 0.55% |
| Net assets, HDV as of Oct 27, 2026 and PVAL as of Aug 31, 2026 | $15.9bn | $14.1bn |
| Holdings | ||
| Holdings in common | 15% | |
| Top ten holdings, share of the fund | 55.6% | 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, HDV and PVAL hold 15% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
15% in common
Only in one fund ↓
Side by side
HDV and PVAL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
HDV and PVAL are built for the same job. How do they differ in cost, holdings and results?
- What each follows. HDV follows Morningstar Dividend Yield Focus Index and PVAL follows No index, actively managed.
- Holdings in common. 15% 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 HDV returned +29.4% and PVAL +26.6% with distributions reinvested, a gap of 2.8 points.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
HDV
HDV tracks an index of High Dividend. Over the year to Oct 28, 2026 it returned +29.4% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 77 positions, with the top ten at 55.6%.
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, HDV or PVAL?
- In the year to Oct 28, 2026, with distributions reinvested, HDV returned +29.4% and PVAL +26.6%.
- Which is cheaper, HDV or PVAL?
- HDV 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.
Cite this pageCitation, APA and Markdown
ETFIQ, HDV against PVAL, data as of Oct 28, 2026. https://etfiq.com/compare/any/hdv-vs-pval
ETFIQ. (Oct 28, 2026). HDV against PVAL. Retrieved from https://etfiq.com/compare/any/hdv-vs-pval
[HDV against PVAL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/hdv-vs-pval)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.