Data as of Oct 28, 2026.
PVAL vs VBK: Differences, Returns & Fees
Over the year to Oct 28, 2026, PVAL returned +26.6% to VBK's +10.3%; 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 $22.8bn on Sep 30, 2026 for Vanguard Morningstar Small-Cap Growth ETF.
Pair scorecard
VBK costs 0.50 points a year less; their one-year returns differ by 16.3 points.
| Measure | PVAL | VBK |
|---|---|---|
| Return | ||
| Total return, 1 year | +26.6% | +10.3% |
| Drawdown | ||
| Below its high | 8.0%, high on Aug 17, 2026 | |
| Benchmark | ||
| What it tracks | No index, actively managed | Morningstar US Small Cap Growth Index |
| Cost and size | ||
| Expense ratio | 0.55% | 0.05% |
| Net assets, PVAL as of Aug 31, 2026 and VBK as of Sep 30, 2026 | $14.1bn | $22.8bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 42.8% | 12.2% |
Holdings in common uses holdings dated Aug 31, 2026 and Sep 30, 2026. Method
What they share
By the books each fund has filed, PVAL and VBK hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Sep 30, 2026.
half
0% in common
Only in one fund ↓
Side by side
PVAL and VBK on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
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%.
VBK
VBK tracks an index of Small-Cap Growth. Over the year to Oct 28, 2026 it returned +10.3% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 10% of the fund by weight is stocks the S&P 500 also holds, across 554 positions, with the top ten at 12.2%. It sat 8.0% below its high of Aug 17, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, PVAL or VBK?
- In the year to Oct 28, 2026, with distributions reinvested, PVAL returned +26.6% and VBK +10.3%.
- Which is cheaper, PVAL or VBK?
- VBK is cheaper, by 0.50 percentage points a year. That is about $50 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 VBK, data as of Oct 28, 2026. https://etfiq.com/compare/any/pval-vs-vbk
ETFIQ. (Oct 28, 2026). PVAL against VBK. Retrieved from https://etfiq.com/compare/any/pval-vs-vbk
[PVAL against VBK (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/pval-vs-vbk)
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