PVAL vs SPYV: Differences, Returns & Fees
PVAL and SPYV hold 17% 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 $36.2bn on Oct 8, 2026 for State Street SPDR Portfolio S&P 500 Value ETF.
SPYV costs 0.51 points a year less; their one-year returns differ by 14.1 points; SPYV is 3.2 times larger.
| PVAL | SPYV | |
|---|---|---|
| Expense ratio | 0.55% | 0.04% |
| Net assets, as of May 29, 2026 | $11.1bn | $35.3bn |
| Total return, 1 year | +28.6% | +14.5% |
| What it tracks | No index, actively managed | S&P 500 Value Index ? |
| Holdings in common | 17% | |
| Top ten holdings, share of the fund | 35.3% | 24.7% |
Holdings in common uses holdings dated May 29, 2026 and Oct 8, 2026.
What they hold in common
By the books each fund has filed, PVAL and SPYV hold 17% 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 8, 2026.
half
17% in common
On the same fields
PVAL and SPYV 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 SPYV
SPYV tracks an index. Over the year to Oct 9, 2026 it returned +14.5% with distributions reinvested, against +14.4% for its benchmark, the S&P 500 Value Index ?. The prospectus expense ratio is 0.04% a year. By its holdings published by its issuer for Oct 8, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 435 positions, with the top ten at 24.7%.
Questions people ask
- Which returned more over the last year, PVAL or SPYV?
- In the year to Oct 9, 2026, with distributions reinvested, PVAL returned +28.6% and SPYV +14.5%.
- Which is cheaper, PVAL or SPYV?
- SPYV is cheaper, by 0.51 percentage points a year. That is about $51 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 SPYV, data as of Oct 9, 2026. https://etfiq.com/compare/any/pval-vs-spyv
ETFIQ. (Oct 9, 2026). PVAL against SPYV. Retrieved from https://etfiq.com/compare/any/pval-vs-spyv
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