Data as of Oct 28, 2026.
PVAL vs QQQM: Differences, Returns & Fees
Over the year to Oct 28, 2026, PVAL returned +26.6% to QQQM's +15.2%; 24% of their weight is in the same names.
askIQ about this page
askIQ about PVAL and QQQM
Net assets: $14.1bn on Aug 31, 2026 for Putnam Focused Large Cap Value ETF, and $110.4bn on Oct 27, 2026 for Invesco NASDAQ 100 ETF.
Pair scorecard
QQQM costs 0.40 points a year less; their one-year returns differ by 11.4 points.
| Measure | PVAL | QQQM |
|---|---|---|
| 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% | 0.15% |
| Net assets, PVAL as of Aug 31, 2026 and QQQM as of Oct 27, 2026 | $14.1bn | $110.4bn |
| 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
Risk and return
Jun 4, 2021 to Oct 23, 2026 · 281 weekly returnsEach against its own benchmark: PVAL against IWD, Jun 4, 2021 to Oct 23, 2026; QQQM against QQQ, Oct 23, 2020 to Oct 23, 2026.
PVAL returned slightly more: +123.6% to +117.5%. PVAL swung less: 14.9% to 21.0%. PVAL fell less at its worst: −15.6% to −35.0%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | PVAL | QQQM | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +123.6% | +117.5% | PVAL (slight) | Price change plus distributions, reinvested. |
| Annualized | +16.1% | +15.5% | PVAL (slight) | Total return as a yearly rate. |
| Price return | +111.2% | +110.3% | Tie | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 14.9% | 21.0% | PVAL | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 10.1% | 13.9% | PVAL | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −15.6% | −35.0% | PVAL | Deepest fall from a high to the low after it. |
| Upside capture | 105.1% | 99.6% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 94.0% | 99.8% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.01 | 1.00 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.93 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.83 | 0.62 | PVAL | Return above Treasury bills per unit of volatility. |
| Sortino | 1.23 | 0.93 | PVAL | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.123 | 0.147 | Return above Treasury bills per unit of beta. | |
| Calmar | 1.03 | 0.44 | PVAL | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IWD | QQQ | The ETF each fund is measured against. | |
| Alpha | +4.5% a year | +0.1% a year | QQQM not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 2.66 | 0.62 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | +1.2% to +7.8% | −0.2% to +0.4% | QQQM includes zero | The 95% range for the yearly alpha. |
| Information ratio | 1.16 | 0.10 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 3.9% | 0.4% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 281 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, PVAL and QQQM 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 QQQM on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
PVAL and QQQM do different jobs. What does each one do in a portfolio?
- What each follows. PVAL follows No index, actively managed and QQQM 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 QQQM +15.2% with distributions reinvested, a gap of 11.4 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.
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%.
QQQM
QQQM 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 0.15% 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 105 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 QQQM?
- In the year to Oct 28, 2026, with distributions reinvested, PVAL returned +26.6% and QQQM +15.2%.
- Which is cheaper, PVAL or QQQM?
- QQQM is cheaper, by 0.40 percentage points a year. That is about $40 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, PVAL against QQQM, data as of Oct 28, 2026. https://etfiq.com/compare/any/pval-vs-qqqm
ETFIQ. (Oct 28, 2026). PVAL against QQQM. Retrieved from https://etfiq.com/compare/any/pval-vs-qqqm
[PVAL against QQQM (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/pval-vs-qqqm)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.