Data as of Oct 28, 2026.
PVAL vs XLV: Differences, Returns & Fees
Over the year to Oct 28, 2026, PVAL returned +26.6% to XLV's +25.6%; 12% 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 $47.0bn on Oct 27, 2026 for State Street Health Care Select Sector SPDR ETF.
Pair scorecard
XLV costs 0.47 points a year less; their one-year returns differ by 1.0 point.
| Measure | PVAL | XLV |
|---|---|---|
| Return | ||
| Total return, 1 year | +26.6% | +25.6% |
| Benchmark | ||
| What it tracks | No index, actively managed | Health Care Select Sector Index |
| Cost and size | ||
| Expense ratio | 0.55% | 0.08% |
| Net assets, PVAL as of Aug 31, 2026 and XLV as of Oct 27, 2026 | $14.1bn | $47.0bn |
| Holdings | ||
| Holdings in common | 12% | |
| Top ten holdings, share of the fund | 42.8% | 60.6% |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method
What they share
By the books each fund has filed, PVAL and XLV hold 12% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
12% in common
Only in one fund ↓
Side by side
PVAL and XLV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
PVAL and XLV do different jobs. What does each one do in a portfolio?
- What each follows. PVAL follows No index, actively managed and XLV follows Health Care Select Sector Index.
- Holdings in common. 12% of the weight is in the same securities (holdings dated Aug 31, 2026 and Oct 27, 2026).
- Cost. PVAL charges 0.55% of assets a year and XLV 0.08%, a gap of 0.47 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%.
XLV
XLV tracks an index of Health care. Over the year to Oct 28, 2026 it returned +25.6% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 62 positions, with the top ten at 60.6%.
Questions people ask
- Which returned more over the last year, PVAL or XLV?
- In the year to Oct 28, 2026, with distributions reinvested, PVAL returned +26.6% and XLV +25.6%.
- Which is cheaper, PVAL or XLV?
- XLV is cheaper, by 0.47 percentage points a year. That is about $47 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 XLV, data as of Oct 28, 2026. https://etfiq.com/compare/any/pval-vs-xlv
ETFIQ. (Oct 28, 2026). PVAL against XLV. Retrieved from https://etfiq.com/compare/any/pval-vs-xlv
[PVAL against XLV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/pval-vs-xlv)
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