PVAL vs SCHD
Putnam Focused Large Cap Value ETF vs Schwab US Dividend Equity ETF
Which is better, PVAL or SCHD?
PVAL has been ahead.
SCHD has a lower expense ratio. PVAL led over 1Y, 3Y, 5Y and the full window. SCHD is less concentrated, with 41.5% of the fund in its ten largest positions against 42.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PVAL | SCHD |
|---|---|---|
| Expense Ratio | 0.55% | 0.06%Best |
| AUM | $14.1B | $112.2B |
| Dividend Yield | 0.90% | 3.13% |
| Holdings | 47 | 103 |
| YTD Return | +17.86% | +26.13%Best |
| 1Y Return | +30.06%Best | +30.01% |
| 3Y Return (annualized) | +23.30%Best | +16.09% |
| 5Y Return (annualized) | +16.99%Best | +9.95% |
| Volatility (annualized) | 14.6% | 14.5%Best |
| Max Drawdown | -16.6%Best | -16.9% |
| $10,000 over 5 years | $21,915Best | $16,069 |
| Top 10 Weight | 42.0% | 41.5%Best |
| Fund Family | Putnam Investments | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | May 25, 2021 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: May 26, 2021 to Sep 8, 2026 (5.3 years).
PVAL vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.3 years both funds cover.
PVAL vs SCHD Performance
Putnam Focused Large Cap Value ETF (PVAL) is an ETF from Putnam Investments and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year PVAL returned +30.06% while SCHD returned +30.01%. Year to date, PVAL is up 17.86% versus a gain of 26.13% for SCHD.
Over three years, PVAL compounded at +23.30% per year against +16.09% for SCHD; over five years the annualized figures are +16.99% and +9.95% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PVAL has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 14.5% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -16.6% for PVAL and -16.9% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PVAL charges 0.55% per year while SCHD charges 0.06%. On a $10,000 position that is $55 vs $6 annually, a gap of $49 per year that compounds over a long holding period. On income, PVAL currently yields 0.90% against 3.13% for SCHD.
Holdings Overlap
7.2% of PVAL's money is in holdings SCHD also owns. 11.9% of SCHD's money is in holdings PVAL also owns.
SCHD and PVAL share little of their money.
3 positions in common, counted across the 46 positions we hold weights for in PVAL and 100 in SCHD, against full books of 47 and 103.
What only one of them owns
Our book lists 95 positions for SCHD that do not appear in our book for PVAL (87.8% of the fund), and 39 for PVAL that do not appear in SCHD (87.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of PVAL and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PVAL or SCHD?
PVAL has an expense ratio of 0.55% while SCHD charges 0.06%. SCHD is the cheaper option, by $49 a year on a $10,000 investment.
Which performed better, PVAL or SCHD?
Over the past year PVAL returned +30.06% vs +30.01% for SCHD, so PVAL leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PVAL or SCHD?
PVAL has been the more volatile fund at 14.6% annualized versus 14.5% for SCHD. Worst drawdown: PVAL -16.6% vs SCHD -16.9%.
Should I hold both PVAL and SCHD?
PVAL and SCHD have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between PVAL and SCHD?
11.9% of SCHD's money is in holdings PVAL also owns. 11.9% of SCHD's is in holdings PVAL also owns. They hold 3 positions in common, counted across the 46 positions we hold weights for in PVAL and 100 in SCHD.
Which pays a higher dividend, PVAL or SCHD?
PVAL yields 0.90% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
Is SCHD better than PVAL?
SCHD has a lower expense ratio. PVAL led over 1Y, 3Y, 5Y and the full window. SCHD is less concentrated, with 41.5% of the fund in its ten largest positions against 42.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.