Data as of Oct 28, 2026.
PVAL vs SCHD: Differences, Returns & Fees
Over the year to Oct 28, 2026, PVAL returned +26.6% to SCHD's +34.5%; 7% of their weight is in the same names.
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Net assets on Aug 31, 2026: $14.1bn for Putnam Focused Large Cap Value ETF and $112.3bn for Schwab U.S. Dividend Equity ETF.
Pair scorecard
SCHD costs 0.49 points a year less; their one-year returns differ by 7.9 points; SCHD is 8.0 times larger.
| Measure | PVAL | SCHD |
|---|---|---|
| Return | ||
| Total return, 1 year | +26.6% | +34.5% |
| Benchmark | ||
| What it tracks | No index, actively managed | Dow Jones U.S. Dividend 100 Index |
| Cost and size | ||
| Expense ratio | 0.55% | 0.06% |
| Net assets, as of Aug 31, 2026 | $14.1bn | $112.3bn |
| Holdings | ||
| Holdings in common | 7% | |
| Top ten holdings, share of the fund | 42.8% | 41.7% |
Holdings in common uses holdings dated Aug 31, 2026. Method
Risk and return
Jun 4, 2021 to Oct 23, 2026 · 281 weekly returnsPVAL returned more: +123.6% to +65.4%. SCHD swung slightly less: 14.1% to 14.9%. PVAL fell slightly less at its worst: −15.6% to −16.6%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | PVAL | SCHD | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +123.6% | +65.4% | PVAL | Price change plus distributions, reinvested. |
| Annualized | +16.1% | +9.8% | PVAL | Total return as a yearly rate. |
| Price return | +111.2% | +36.3% | PVAL | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 14.9% | 14.1% | SCHD (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 10.1% | 9.8% | SCHD (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −15.6% | −16.6% | PVAL (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.83 | 0.47 | PVAL | Return above Treasury bills per unit of volatility. |
| Sortino | 1.23 | 0.68 | PVAL | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.03 | 0.59 | PVAL | Annualized return divided by the max drawdown. |
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 SCHD hold 7% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026.
half
7% in common
Only in one fund ↓
Side by side
PVAL and SCHD on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
PVAL and SCHD are built for the same job. How do they differ in cost, holdings and results?
- What each follows. PVAL follows No index, actively managed and SCHD follows Dow Jones U.S. Dividend 100 Index.
- Holdings in common. 7% of the weight is in the same securities (holdings dated Aug 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 PVAL returned +26.6% and SCHD +34.5% with distributions reinvested, a gap of 7.9 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%.
SCHD
SCHD tracks an index of US dividend. Over the year to Oct 28, 2026 it returned +34.5% with distributions reinvested. The prospectus expense ratio is 0.06% a year. By its holdings filed for Aug 31, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 99 positions, with the top ten at 41.7%.
Questions people ask
- Which returned more over the last year, PVAL or SCHD?
- In the year to Oct 28, 2026, with distributions reinvested, PVAL returned +26.6% and SCHD +34.5%.
- Which is cheaper, PVAL or SCHD?
- SCHD is cheaper, by 0.49 percentage points a year. That is about $49 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 SCHD, data as of Oct 28, 2026. https://etfiq.com/compare/any/pval-vs-schd
ETFIQ. (Oct 28, 2026). PVAL against SCHD. Retrieved from https://etfiq.com/compare/any/pval-vs-schd
[PVAL against SCHD (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/pval-vs-schd)
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