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

In the year to Oct 9, 2026, with distributions reinvested, PVAL returned +28.6% and PWV +22.5%.

Which is cheaper, PVAL or PWV?

Neither: PVAL and PWV both charge 0.55% a year. Fees come from each fund's prospectus.

How much do PVAL and PWV overlap with the S&P 500?

By their latest filed holdings, 94% of PVAL and 96% of PWV by weight is stocks the S&P 500 already holds.

Compare their flows Ask IQ about these two funds

PVAL vs PWV: Differences, Returns & Fees

PVAL and PWV hold 20% of their weight in the same names, and PVAL returned +28.6% over the year. Net assets: $11.1bn on May 29, 2026 for Putnam Focused Large Cap Value ETF, and $1.8bn on Oct 9, 2026 for Invesco Large Cap Value ETF.

Both cost 0.55% a year; their one-year returns differ by 6.1 points.

Points (pts) are percentage points.

PVAL vs PWV: Differences, Returns & Fees
	PVAL	PWV
Expense ratio	0.55%	0.55%
Net assets, PVAL as of May 29, 2026 and PWV as of Oct 9, 2026	$11.1bn	$1.8bn
Total return, 1 year	+28.6%	+22.5%
What it tracks	No index, actively managed	Dynamic Large Cap Value Intellidex Index
Holdings in common	20%
Holdings dated	May 29, 2026	Oct 10, 2026
Top ten holdings, share of the fund	35.3%	33.8%
Below its high		6.5%, high on Sep 3, 2026

Holdings in common uses holdings dated May 29, 2026 and Oct 9, 2026.

+28.6%

PVAL total return, 1 year

+22.5%

PWV total return, 1 year

0.55%

PVAL expense ratio

0.55%

PWV expense ratio

What they hold in common

By the books each fund has filed, PVAL and PWV hold 20% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 29, 2026 and Oct 9, 2026.

50%

half

20% in common

Positions both hold, largest shared weight first

Holding PVAL PWV

CITIGROUP INC 4.63% 3.41%

BANK OF AMERICA CORP 2.63% 3.05%

GOLDMAN SACHS GROUP INC (THE) 2.22% 2.96%

VALERO ENERGY CORP 1.86% 1.92%

UNITEDHEALTH GROUP INC 1.65% 3.35%

CONOCOPHILLIPS 1.86% 1.53%

GENERAL MOTORS COMPANY 2.43% 1.45%

CAPITAL ONE FINANCIAL CORP 2.03% 1.39%

ALLSTATE CORP (THE) 2.45% 1.34%

REGENERON PHARMACEUTICALS INC 1.33% 1.35%

T-MOBILE US INC 1.02% 2.87%

Only in PVAL

CISCO SYSTEMS INC 6.00%

EXXON MOBIL CORP 3.62%

ALPHABET INC 3.29%

ADVANCED MICRO DEVICES INC 3.06%

SEAGATE TECHNOLOGY HOLDINGS PLC 3.05%

AMAZON.COM INC 2.93%

MICROSOFT CORP 2.92%

FREEPORT-MCMORAN INC 2.92%

Only in PWV

Chevron Corp 3.72%

ExxonMobil Holdings Corp 3.69%

Wells Fargo & Co 3.46%

Walt Disney Co/The 3.41%

Amgen Inc 3.29%

JPMorgan Chase & Co 3.29%

PepsiCo Inc 3.11%

Morgan Stanley 3.08%

Check overlap with more funds →

On the same fields

PVAL

Putnam Focused Large Cap Value ETF

PWV

Invesco Large Cap Value ETF

Where it sits Stock ETF Stock ETF

Issuer Putnam Invesco

What it is Actively managed Tracks an index

Total return, 1 year +28.6% +22.5%

Its benchmark over the same days +26.4% (IWD) not published

Gap to its benchmark +2.1 pts vs IWD not available

Expense ratio 0.55% 0.55%

Already in the S&P 500 93.9% 96.4%

Holdings 45 52

Net assets, PVAL as of May 29, 2026 and PWV as of Oct 9, 2026 $11.1bn $1.8bn

PVAL and PWV on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About PVAL

PVAL is actively managed and tracks no index. The prospectus expense ratio is 0.55% a year. By its holdings filed for May 29, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 45 positions, with the top ten at 35.3%.

Over the year to Oct 9, 2026 it returned +28.6% with distributions reinvested, against +26.4% for its benchmark, the Russell 1000 Value Index.

About PWV

PWV tracks an index. Over the year to Oct 9, 2026 it returned +22.5% with distributions reinvested. By its holdings published by its issuer for Oct 10, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 52 positions, with the top ten at 33.8%. It sat 6.5% below its high of Sep 3, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, PVAL or PWV?: In the year to Oct 9, 2026, with distributions reinvested, PVAL returned +28.6% and PWV +22.5%.
Which is cheaper, PVAL or PWV?: Neither: PVAL and PWV both charge 0.55% a year. Fees come from each fund's prospectus.
How much do PVAL and PWV overlap with the S&P 500?: By their latest filed holdings, 94% of PVAL and 96% of PWV by weight is stocks the S&P 500 already holds.

Other comparisons

BKDV vs PVAL DIVB vs PVAL DTD vs PVAL BGIG vs PVAL FDVV vs PWV PWV vs VLUE HDV vs PWV DFUV vs PWV

PVAL on its own →PWV on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

PVAL filings on SEC EDGAR ↗PVAL prospectus with the expense ratio (SEC) ↗Putnam website ↗PWV filings on SEC EDGAR ↗PWV prospectus with the expense ratio (SEC) ↗Invesco page for PWV ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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, PVAL against PWV, data as of Oct 9, 2026. https://etfiq.com/compare/any/pval-vs-pwv

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.