Data as of Oct 28, 2026.

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PVAL vs USHY: Differences, Returns & Fees

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Over the year to Oct 28, 2026, PVAL returned +26.6% to USHY's +1.7%; 0% 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 $26.3bn on Oct 27, 2026 for iShares Broad USD High Yield Corporate Bond ETF.

At a glance
+26.6%
PVAL total return, 1 year
+1.7%
USHY total return, 1 year
0.55%
PVAL expense ratio
0.08%
USHY expense ratio

Pair scorecard

USHY costs 0.47 points a year less; their one-year returns differ by 24.9 points.

PVAL vs USHY: Differences, Returns & Fees
MeasurePVALUSHY
Return
Total return, 1 year+26.6%+1.7%
Benchmark
What it tracksNo index, actively managedICE BofA US High Yield Constrained Index
Cost and size
Expense ratio0.55%0.08%
Net assets, PVAL as of Aug 31, 2026 and USHY as of Oct 27, 2026$14.1bn$26.3bn
Holdings
Holdings in common0%
In the S&P 500, by weight91%
Top ten holdings, share of the fund42.8%

Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method

What they share

0%

By the books each fund has filed, PVAL and USHY hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first PVAL USHY
Only in one fund ↓
Only in PVAL
MICROSOFT CORP 9.27%
APPLE INC 6.70%
AMAZON.COM INC 4.71%
EXXONMOBIL HOLDINGS CORP 3.77%
CHARLES SCHWAB CORP (THE) 3.25%
CITIGROUP INC 3.25%
FREEPORT-MCMORAN INC 3.13%
COCA-COLA COMPANY (THE) 2.95%
Only in USHY
1261229 BC LTD 144A 0.48%
ECHOSTAR CORP 0.40%
MERIDIAN ARC HOLDCO LLC 144A 0.36%
PR RNO PROPERTY OWNER 1 LLC 144A 0.31%
SOFTBANK GROUP CORP 144A 0.30%
SOFTBANK GROUP CORP 144A 0.29%
CLOUD SOFTWARE GROUP LLC 144A 0.27%
QUIKRETE HOLDINGS INC 144A 0.27%
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Side by side

PVAL Putnam Focused Large Cap Value ETF USHY iShares Broad USD High Yield Corporate Bond ETF
Where it sits Stock ETF Bond ETF
What it is Actively managed Tracks an index of Broad USD High Yield Corporate Bond
Total return, 1 year +26.6% +1.7%
Its benchmark over the same days +27.5% (IWD) +1.8% (SPHY)
Gap to its benchmark −0.9 pts vs IWD −0.1 pts vs SPHY
Expense ratio 0.55% 0.08%
Holdings 44 1900
Net assets, PVAL as of Aug 31, 2026 and USHY as of Oct 27, 2026 $14.1bn $26.3bn

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

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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%.

USHY

USHY tracks an index of Broad USD High Yield Corporate Bond. Over the year to Oct 28, 2026 it returned +1.7% with distributions reinvested, against +1.8% for its benchmark, the ICE BofA US High Yield Constrained Index, measured by the closely related ICE BofA US High Yield Index. The prospectus expense ratio is 0.08% a year.

Questions people ask

Which returned more over the last year, PVAL or USHY?
In the year to Oct 28, 2026, with distributions reinvested, PVAL returned +26.6% and USHY +1.7%.
Which is cheaper, PVAL or USHY?
USHY is cheaper, by 0.47 percentage points a year. That is about $47 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, PVAL against USHY, data as of Oct 28, 2026. https://etfiq.com/compare/any/pval-vs-ushy

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