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

In the year to Oct 28, 2026, with distributions reinvested, PVAL returned +26.6% and SLV +14.9%.

Which is cheaper, PVAL or SLV?

SLV is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's own filings.

Data as of Oct 28, 2026.

Across categories

PVAL vs SLV: Differences, Returns & Fees

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PVAL is an actively managed equity fund and SLV a commodity fund, and over the year to Oct 28, 2026, PVAL returned +26.6% against +14.9%.

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Net assets: $14.1bn on Aug 31, 2026 for Putnam Focused Large Cap Value ETF, and $26.9bn on Oct 28, 2026 for iShares Silver Trust.

PVAL on its own →SLV on its own →

At a glance

+26.6%

PVAL total return, 1 year

+14.9%

SLV total return, 1 year

0.55%

PVAL expense ratio

0.50%

SLV expense ratio

Pair scorecard

SLV costs 0.05 points a year less; their one-year returns differ by 11.7 points.

PVAL vs SLV: Differences, Returns & Fees
Measure	PVAL	SLV
Return
Measure	PVAL	SLV
Total return, 1 year	+26.6%	+14.9%
Drawdown
Measure	PVAL	SLV
Below its high		53.5%, high on Jan 28, 2026
Benchmark
Measure	PVAL	SLV
What it tracks	No index, actively managed	Silver
Cost and size
Measure	PVAL	SLV
Expense ratio	0.55%	0.50%
Net assets, PVAL as of Aug 31, 2026 and SLV as of Oct 28, 2026	$14.1bn	$26.9bn
Holdings
Measure	PVAL	SLV
Holdings in common	not published
In the S&P 500, by weight	91%
Top ten holdings, share of the fund	42.8%

Method

Side by side

PVAL Putnam Focused Large Cap Value ETF SLV iShares Silver Trust

Where it sits Stock ETF Commodity ETF

Issuer Putnam iShares

What it is Actively managed Holds silver

Total return, 1 year +26.6% +14.9%

Its benchmark over the same days +27.5% (IWD) +15.0% (SIVR)

Gap to its benchmark −0.9 pts vs IWD −0.1 pts vs SIVR

Expense ratio 0.55% 0.50%

Holdings 44 not counted

Net assets, PVAL as of Aug 31, 2026 and SLV as of Oct 28, 2026 $14.1bn $26.9bn

PVAL and SLV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Alert

About each fund

PVAL

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%.

SLV

Its expense ratio is 0.50% a year, for the three months to Jun 30, 2026, as its 10-Q states.

SLV holds silver. Over the year to Oct 28, 2026 it returned +14.9% with distributions reinvested, against +15.0% for its benchmark, the price of silver. It sat 53.5% below its high of Jan 28, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, PVAL or SLV?: In the year to Oct 28, 2026, with distributions reinvested, PVAL returned +26.6% and SLV +14.9%.
Which is cheaper, PVAL or SLV?: SLV is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

GLD vs PVAL GLDM vs PVAL IAU vs PVAL PVAL vs SIVR FDVV vs SLV AVLV vs SLV SLV vs VLUE SLV vs SPYD

Where to next

PVAL on its own →SLV on its own →Hold both: look the portfolio through →Rankings →PVAL dividend history →PVAL holdings →Standards and sources →

Sources and dates

PVAL filings on SEC EDGAR ↗

PVAL prospectus with the expense ratio (SEC) ↗

Putnam website ↗

iShares page for SLV ↗

Links are sources, not endorsements. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, PVAL against SLV, data as of Oct 28, 2026. https://etfiq.com/compare/any/pval-vs-slv

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