Data as of Oct 28, 2026.
PVAL vs QQQ: Differences, Returns & Fees
Over the year to Oct 28, 2026, PVAL returned +26.6% to QQQ's +15.2%; 24% of their weight is in the same names.
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Net assets: $14.1bn on Aug 31, 2026 for Putnam Focused Large Cap Value ETF, and $483.0bn on Oct 27, 2026 for Invesco QQQ Trust, Series 1.
Pair scorecard
QQQ costs 0.37 points a year less; their one-year returns differ by 11.4 points.
| Measure | PVAL | QQQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +26.6% | +15.2% |
| Drawdown | ||
| Below its high | 4.5%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | No index, actively managed | Nasdaq-100 Index |
| Cost and size | ||
| Expense ratio | 0.55% | 0.18% |
| Net assets, PVAL as of Aug 31, 2026 and QQQ as of Oct 27, 2026 | $14.1bn | $483.0bn |
| Holdings | ||
| Holdings in common | 24% | |
| Top ten holdings, share of the fund | 42.8% | 46.7% |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method
What they share
By the books each fund has filed, PVAL and QQQ hold 24% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
24% in common
Only in one fund ↓
Side by side
PVAL and QQQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
PVAL and QQQ do different jobs. What does each one do in a portfolio?
- What each follows. PVAL follows No index, actively managed and QQQ follows Nasdaq-100 Index.
- Holdings in common. 24% of the weight is in the same securities (holdings dated Aug 31, 2026 and Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 PVAL returned +26.6% and QQQ +15.2% with distributions reinvested, a gap of 11.4 points.
Data as of Oct 28, 2026.
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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%.
QQQ
QQQ tracks the Nasdaq-100. Over the year to Oct 28, 2026 it returned +15.2% with distributions reinvested, against +15.2% for its benchmark, the Nasdaq-100 Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 27, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 46.7%. It sat 4.5% below its high of Oct 6, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, PVAL or QQQ?
- In the year to Oct 28, 2026, with distributions reinvested, PVAL returned +26.6% and QQQ +15.2%.
- Which is cheaper, PVAL or QQQ?
- QQQ is cheaper, by 0.37 percentage points a year. That is about $37 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, PVAL against QQQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/pval-vs-qqq
ETFIQ. (Oct 28, 2026). PVAL against QQQ. Retrieved from https://etfiq.com/compare/any/pval-vs-qqq
[PVAL against QQQ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/pval-vs-qqq)
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