Data as of Oct 28, 2026.
PVAL vs VNQ: Differences, Returns & Fees
Over the year to Oct 28, 2026, PVAL returned +26.6% to VNQ's +4.8%; 2% 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 $35.9bn on Sep 30, 2026 for Vanguard Real Estate ETF.
Pair scorecard
VNQ costs 0.42 points a year less; their one-year returns differ by 21.8 points.
| Measure | PVAL | VNQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +26.6% | +4.8% |
| Drawdown | ||
| Below its high | 8.3%, high on Jul 28, 2026 | |
| Benchmark | ||
| What it tracks | No index, actively managed | MSCI US Investable Market Real Estate 25/50 Index |
| Cost and size | ||
| Expense ratio | 0.55% | 0.13% |
| Net assets, PVAL as of Aug 31, 2026 and VNQ as of Sep 30, 2026 | $14.1bn | $35.9bn |
| Holdings | ||
| Holdings in common | 2% | |
| Top ten holdings, share of the fund | 42.8% | 55.8% |
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 VNQ hold 2% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Sep 30, 2026.
half
2% in common
Only in one fund ↓
Side by side
PVAL and VNQ 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%.
VNQ
VNQ tracks an index of US real estate. Over the year to Oct 28, 2026 it returned +4.8% with distributions reinvested. The prospectus expense ratio is 0.13% a year. By its holdings published by its issuer as of Sep 30, 2026, 63% of the fund by weight is stocks the S&P 500 also holds, across 141 positions, with the top ten at 55.8%. It sat 8.3% below its high of Jul 28, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, PVAL or VNQ?
- In the year to Oct 28, 2026, with distributions reinvested, PVAL returned +26.6% and VNQ +4.8%.
- Which is cheaper, PVAL or VNQ?
- VNQ is cheaper, by 0.42 percentage points a year. That is about $42 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 VNQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/pval-vs-vnq
ETFIQ. (Oct 28, 2026). PVAL against VNQ. Retrieved from https://etfiq.com/compare/any/pval-vs-vnq
[PVAL against VNQ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/pval-vs-vnq)
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