Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
HYG vs PVAL: how they differ
HYG and PVAL hold 0% of their weight in the same names, and PVAL returned more over the year.
iShares iBoxx $ High Yield Corporate Bond ETF and Putnam Focused Large Cap Value ETF.
What they hold in common
By the books each fund has filed, HYG and PVAL hold 0% of their money in the same securities at the same weight.
| Only in HYG | Only in PVAL |
|---|---|
| BLK CSH FND TREASURY SL AGENCY 0.68% | CISCO SYSTEMS INC 6.06% |
| 1261229 BC LTD 144A 0.56% | CITIGROUP INC 4.68% |
| MERIDIAN ARC HOLDCO LLC 144A 0.47% | EXXON MOBIL CORP 3.66% |
| PR RNO PROPERTY OWNER 1 LLC 144A 0.35% | ALPHABET INC 3.33% |
| WULF COMPUTE LLC 144A 0.29% | ADVANCED MICRO DEVICES INC 3.09% |
| GALAXY HELIOS DATA CENTERS II LLC 144A 0.28% | SEAGATE TECHNOLOGY HOLDINGS PLC 3.08% |
| PANTHER ESCROW ISSUER LLC 144A 0.28% | AMAZON.COM INC 2.96% |
| SV RNO PROPERTY OWNER 1 LLC 144A 0.28% | 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.
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | PVAL Putnam Focused Large Cap Value ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Putnam |
| What it is | US high yield bonds | Putnam Focused Large Cap Value |
| Total return, 1 year | +2.9% | +28.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −14.6 pts | +10.8 pts |
| Expense ratio | 0.49% | not published |
| Holdings | 1326 | 45 |
HYG in plain words
HYG is a bond fund tracking the US high yield bonds. Over the year to Sep 11, 2026 it returned +2.9% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.49% a year.
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, HYG or PVAL?
- In the year to Sep 13, 2026, with distributions reinvested, HYG returned +2.9% 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, HYG against PVAL, data as of Sep 13, 2026. https://etfiq.com/compare/any/hyg-vs-pval Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources