PVAL vs RDIV: Differences, Returns & Fees
PVAL and RDIV hold 0% 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 $1.4bn on Oct 9, 2026 for Invesco S&P Ultra Dividend Revenue ETF.
RDIV costs 0.16 points a year less; their one-year returns differ by 12.9 points; PVAL is 3.9 times larger.
| PVAL | RDIV | |
|---|---|---|
| Expense ratio | 0.55% | 0.39% |
| Net assets, as of May 31, 2025 | $3.0bn | $770m |
| Total return, 1 year | +28.6% | +15.7% |
| What it tracks | No index, actively managed | S&P 900 Dividend Revenue-Weighted Index |
| Holdings in common | 0% | |
| Holdings dated | May 29, 2026 | Oct 10, 2026 |
| Top ten holdings, share of the fund | 35.3% | 51.1% |
| Below its high | 10.0%, high on Aug 24, 2026 | |
Holdings in common uses holdings dated May 29, 2026 and Oct 9, 2026.
What they hold in common
By the books each fund has filed, PVAL and RDIV hold 0% 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.
half
0% in common
On the same fields
PVAL and RDIV 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 RDIV
RDIV tracks an index. Over the year to Oct 9, 2026 it returned +15.7% with distributions reinvested. The prospectus expense ratio is 0.39% a year. By its holdings published by its issuer for Oct 10, 2026, 86% of the fund by weight is stocks the S&P 500 also holds, across 62 positions, with the top ten at 51.1%. It sat 10.0% below its high of Aug 24, 2026 on Oct 9, 2026.
Questions people ask
- Which returned more over the last year, PVAL or RDIV?
- In the year to Oct 9, 2026, with distributions reinvested, PVAL returned +28.6% and RDIV +15.7%.
- Which is cheaper, PVAL or RDIV?
- RDIV is cheaper, by 0.16 percentage points a year. That is about $16 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, PVAL against RDIV, data as of Oct 9, 2026. https://etfiq.com/compare/any/pval-vs-rdiv
ETFIQ. (Oct 9, 2026). PVAL against RDIV. Retrieved from https://etfiq.com/compare/any/pval-vs-rdiv
[PVAL against RDIV (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/pval-vs-rdiv)
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