Data as of Oct 28, 2026.
PVAL vs SPHD: Differences, Returns & Fees
Over the year to Oct 28, 2026, PVAL returned +26.6% to SPHD's +11.0%; 3% 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 $3.3bn on Oct 27, 2026 for Invesco S&P 500 High Dividend Low Volatility ETF.
Pair scorecard
SPHD costs 0.25 points a year less; their one-year returns differ by 15.6 points.
| Measure | PVAL | SPHD |
|---|---|---|
| Return | ||
| Total return, 1 year | +26.6% | +11.0% |
| Drawdown | ||
| Below its high | 4.2%, high on Aug 24, 2026 | |
| Benchmark | ||
| What it tracks | No index, actively managed | S&P 500 Low Volatility High Dividend Index |
| Cost and size | ||
| Expense ratio | 0.55% | 0.30% |
| Net assets, PVAL as of Aug 31, 2026 and SPHD as of Oct 27, 2026 | $14.1bn | $3.3bn |
| Holdings | ||
| Holdings in common | 3% | |
| Top ten holdings, share of the fund | 42.8% | 28.2% |
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 SPHD hold 3% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
3% in common
Only in one fund ↓
Side by side
PVAL and SPHD on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
PVAL and SPHD 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 SPHD follows S&P 500 Low Volatility High Dividend Index.
- Holdings in common. 3% 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 SPHD +11.0% with distributions reinvested, a gap of 15.6 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%.
SPHD
SPHD tracks the S&P 500 High Dividend Low Volatility. Over the year to Oct 28, 2026 it returned +11.0% with distributions reinvested. The prospectus expense ratio is 0.30% a year. By its holdings published by its issuer for Oct 27, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 59 positions, with the top ten at 28.2%. It sat 4.2% below its high of Aug 24, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, PVAL or SPHD?
- In the year to Oct 28, 2026, with distributions reinvested, PVAL returned +26.6% and SPHD +11.0%.
- Which is cheaper, PVAL or SPHD?
- SPHD is cheaper, by 0.25 percentage points a year. That is about $25 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 SPHD, data as of Oct 28, 2026. https://etfiq.com/compare/any/pval-vs-sphd
ETFIQ. (Oct 28, 2026). PVAL against SPHD. Retrieved from https://etfiq.com/compare/any/pval-vs-sphd
[PVAL against SPHD (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/pval-vs-sphd)
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