Data as of Oct 28, 2026.
PVAL vs VTEB: Differences, Returns & Fees
Over the year to Oct 28, 2026, PVAL returned +26.6% to VTEB's −0.4%; 0% of their weight is in the same names.
askIQ about this page
askIQ about PVAL and VTEB
Net assets: $14.1bn on Aug 31, 2026 for Putnam Focused Large Cap Value ETF, and $49.6bn on Sep 30, 2026 for Vanguard Tax-Exempt Bond ETF.
Pair scorecard
VTEB costs 0.52 points a year less; their one-year returns differ by 27.0 points.
| Measure | PVAL | VTEB |
|---|---|---|
| Return | ||
| Total return, 1 year | +26.6% | −0.4% |
| Benchmark | ||
| What it tracks | No index, actively managed | S&P National AMT-Free Municipal Bond Index |
| Cost and size | ||
| Expense ratio | 0.55% | 0.03% |
| Net assets, PVAL as of Aug 31, 2026 and VTEB as of Sep 30, 2026 | $14.1bn | $49.6bn |
| 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 VTEB 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 VTEB 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%.
VTEB
VTEB tracks an index of Tax-Exempt Bond. Over the year to Oct 28, 2026 it returned −0.4% with distributions reinvested. The prospectus expense ratio is 0.03% a year.
Questions people ask
- Which returned more over the last year, PVAL or VTEB?
- In the year to Oct 28, 2026, with distributions reinvested, PVAL returned +26.6% and VTEB −0.4%.
- Which is cheaper, PVAL or VTEB?
- VTEB 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.
Cite this pageCitation, APA and Markdown
ETFIQ, PVAL against VTEB, data as of Oct 28, 2026. https://etfiq.com/compare/any/pval-vs-vteb
ETFIQ. (Oct 28, 2026). PVAL against VTEB. Retrieved from https://etfiq.com/compare/any/pval-vs-vteb
[PVAL against VTEB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/pval-vs-vteb)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.