Data as of Oct 28, 2026.
PVAL vs VUG: Differences, Returns & Fees
Over the year to Oct 28, 2026, PVAL returned +26.6% to VUG's +6.6%; 23% 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 $232.9bn on Sep 30, 2026 for Vanguard Morningstar Growth ETF.
Pair scorecard
VUG costs 0.52 points a year less; their one-year returns differ by 20.0 points.
| Measure | PVAL | VUG |
|---|---|---|
| Return | ||
| Total return, 1 year | +26.6% | +6.6% |
| Drawdown | ||
| Below its high | 4.1%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | No index, actively managed | Morningstar US Large Cap Growth Index |
| Cost and size | ||
| Expense ratio | 0.55% | 0.03% |
| Net assets, PVAL as of Aug 31, 2026 and VUG as of Sep 30, 2026 | $14.1bn | $232.9bn |
| Holdings | ||
| Holdings in common | 23% | |
| Top ten holdings, share of the fund | 42.8% | 63.1% |
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 VUG hold 23% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Sep 30, 2026.
half
23% in common
Only in one fund ↓
Side by side
PVAL and VUG on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
PVAL and VUG do different jobs. What does each one do in a portfolio?
- What each follows. PVAL follows No index, actively managed and VUG follows Morningstar US Large Cap Growth Index.
- Holdings in common. 23% of the weight is in the same securities (holdings dated Aug 31, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 PVAL returned +26.6% and VUG +6.6% with distributions reinvested, a gap of 20.0 points.
Data as of Oct 28, 2026.
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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%.
VUG
VUG tracks an index of US growth. Over the year to Oct 28, 2026 it returned +6.6% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 137 positions, with the top ten at 63.1%. It sat 4.1% below its high of Oct 6, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, PVAL or VUG?
- In the year to Oct 28, 2026, with distributions reinvested, PVAL returned +26.6% and VUG +6.6%.
- Which is cheaper, PVAL or VUG?
- VUG 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 VUG, data as of Oct 28, 2026. https://etfiq.com/compare/any/pval-vs-vug
ETFIQ. (Oct 28, 2026). PVAL against VUG. Retrieved from https://etfiq.com/compare/any/pval-vs-vug
[PVAL against VUG (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/pval-vs-vug)
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