Data as of Oct 28, 2026.
ITOT vs PVAL: Differences, Returns & Fees
Over the year to Oct 28, 2026, ITOT returned +13.4% to PVAL's +26.6%; 25% of their weight is in the same names.
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Net assets: $97.1bn on Oct 27, 2026 for iShares Core S&P Total U.S. Stock Market ETF, and $14.1bn on Aug 31, 2026 for Putnam Focused Large Cap Value ETF.
Pair scorecard
ITOT costs 0.52 points a year less; their one-year returns differ by 13.2 points.
| Measure | ITOT | PVAL |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.4% | +26.6% |
| Benchmark | ||
| What it tracks | S&P Total Market Index (TMI) | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.03% | 0.55% |
| Net assets, ITOT as of Oct 27, 2026 and PVAL as of Aug 31, 2026 | $97.1bn | $14.1bn |
| Holdings | ||
| Holdings in common | 25% | |
| Top ten holdings, share of the fund | 33.9% | 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, ITOT and PVAL hold 25% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
25% in common
Only in one fund ↓
Side by side
ITOT and PVAL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
ITOT and PVAL do different jobs. What does each one do in a portfolio?
- What each follows. ITOT follows S&P Total Market Index (TMI) and PVAL follows No index, actively managed.
- Holdings in common. 25% 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 ITOT returned +13.4% and PVAL +26.6% with distributions reinvested, a gap of 13.2 points.
Data as of Oct 28, 2026.
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ITOT
ITOT tracks the S&P Total U.S. Stock Market. Over the year to Oct 28, 2026 it returned +13.4% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 27, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 2,443 positions, with the top ten at 33.9%.
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, ITOT or PVAL?
- In the year to Oct 28, 2026, with distributions reinvested, ITOT returned +13.4% and PVAL +26.6%.
- Which is cheaper, ITOT or PVAL?
- ITOT is cheaper, by 0.52 percentage points a year. That is about $52 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, ITOT against PVAL, data as of Oct 28, 2026. https://etfiq.com/compare/any/itot-vs-pval
ETFIQ. (Oct 28, 2026). ITOT against PVAL. Retrieved from https://etfiq.com/compare/any/itot-vs-pval
[ITOT against PVAL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/itot-vs-pval)
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