Data as of Oct 28, 2026.
PVAL vs VGLT: Differences, Returns & Fees
Over the year to Oct 28, 2026, PVAL returned +26.6% to VGLT's −6.7%; 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 $10.4bn on Sep 30, 2026 for Vanguard Long-Term Treasury ETF.
Pair scorecard
VGLT costs 0.52 points a year less; their one-year returns differ by 33.3 points.
| Measure | PVAL | VGLT |
|---|---|---|
| Return | ||
| Total return, 1 year | +26.6% | −6.7% |
| Drawdown | ||
| Below its high | 38.8%, high on Aug 4, 2020 | |
| Benchmark | ||
| What it tracks | No index, actively managed | Bloomberg U.S. Long Treasury Index |
| Cost and size | ||
| Expense ratio | 0.55% | 0.03% |
| Net assets, PVAL as of Aug 31, 2026 and VGLT as of Sep 30, 2026 | $14.1bn | $10.4bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 91% | |
| Top ten holdings, share of the fund | 42.8% | |
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 VGLT 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 VGLT 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%.
VGLT
VGLT tracks an index of Long-term Treasury. Over the year to Oct 28, 2026 it returned −6.7% with distributions reinvested, against −6.7% for its benchmark, the Bloomberg U.S. Long Treasury Index. The prospectus expense ratio is 0.03% a year. It sat 38.8% below its high of Aug 4, 2020 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, PVAL or VGLT?
- In the year to Oct 28, 2026, with distributions reinvested, PVAL returned +26.6% and VGLT −6.7%.
- Which is cheaper, PVAL or VGLT?
- VGLT is cheaper, by 0.52 percentage points a year. That is about $52 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 VGLT, data as of Oct 28, 2026. https://etfiq.com/compare/any/pval-vs-vglt
ETFIQ. (Oct 28, 2026). PVAL against VGLT. Retrieved from https://etfiq.com/compare/any/pval-vs-vglt
[PVAL against VGLT (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/pval-vs-vglt)
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