Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
PVAL vs SPHQ: how they differ
PVAL and SPHQ hold 0% of their weight in the same names, and PVAL returned more over the year.
Putnam Focused Large Cap Value ETF and Invesco S&P 500 Quality ETF.
What they hold in common
By the books each fund has filed, PVAL and SPHQ hold 0% of their money in the same securities at the same weight.
| Only in PVAL | Only in SPHQ |
|---|---|
| CISCO SYSTEMS INC 6.06% | Mastercard Inc 5.78% |
| CITIGROUP INC 4.68% | Visa Inc 5.68% |
| EXXON MOBIL CORP 3.66% | Apple Inc 5.60% |
| ALPHABET INC 3.33% | Lam Research Corp 4.10% |
| ADVANCED MICRO DEVICES INC 3.09% | Netflix Inc 4.00% |
| SEAGATE TECHNOLOGY HOLDINGS PLC 3.08% | GE Vernova Inc 3.92% |
| AMAZON.COM INC 2.96% | Costco Wholesale Corp 3.85% |
| MICROSOFT CORP 2.96% | General Electric Co 3.62% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated May 29, 2026 and Sep 10, 2026.
| PVAL Putnam Focused Large Cap Value ETF | SPHQ Invesco S&P 500 Quality ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Putnam | Invesco |
| What it is | Putnam Focused Large Cap Value | S&P 500 Quality |
| Total return, 1 year | +28.4% | +17.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +10.8 pts | −0.1 pts |
| Expense ratio | not published | 0.15% |
| Already in the S&P 500 | 94.9% | 99.9% |
| Holdings | 45 | 100 |
PVAL in plain words
PVAL is an index equity fund tracking the Putnam Focused Large Cap Value. Over the year to Sep 11, 2026 it returned +28.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. By its holdings filed for May 29, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 45 positions, with the top ten at 35.6%.
SPHQ in plain words
SPHQ is an index equity fund tracking the S&P 500 Quality. Over the year to Sep 11, 2026 it returned +17.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Sep 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 100 positions, with the top ten at 43.4%. It sat 6.1% below its high of Jun 30, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, PVAL or SPHQ?
- In the year to Sep 13, 2026, with distributions reinvested, PVAL returned +28.4% and SPHQ returned +17.4%, so PVAL returned more. One year is one year; the longer windows are in the table.
- How much do PVAL and SPHQ overlap with the S&P 500?
- By their latest filed holdings, 95% of PVAL and 100% of SPHQ by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
Other comparisons
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, PVAL against SPHQ, data as of Sep 13, 2026. https://etfiq.com/compare/any/pval-vs-sphq Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources