PVAL vs SCHD
Putnam Focused Large Cap Value ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. PVAL delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | PVAL | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.06% | |
| AUM | $14.0B | $108.7B | |
| Dividend Yield | 0.90% | 3.13% | |
| Holdings | 48 | 104 | |
| YTD Return | +18.49% | +25.69% | |
| 1Y Return | +32.79% | +30.41% | |
| 3Y Return (annualized) | +24.29% | +16.03% | |
| 5Y Return (annualized) | +17.17% | +9.64% | |
| Volatility (annualized) | 14.7% | 13.6% | |
| Max Drawdown | -16.6% | -33.4% | |
| Fund Family | Putnam Investments | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | May 25, 2021 | Oct 20, 2011 |
PVAL vs SCHD Performance
Putnam Focused Large Cap Value ETF (PVAL) is a ETF from Putnam Investments and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PVAL returned +32.79% while SCHD returned +30.41%. Year to date, PVAL is up 18.49% versus a gain of 25.69% for SCHD.
Over three years, PVAL compounded at +24.29% per year against +16.03% for SCHD; over five years the annualized figures are +17.17% and +9.64% respectively. Across the full 5-year window we track, PVAL has the edge at +17.04% annualized vs +11.46%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PVAL has been the more volatile fund, with annualized monthly volatility of 14.7% compared with 13.6% 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 -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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
PVAL and SCHD share 3 holdings out of 144 unique holdings combined, representing a 7.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $49 per year of difference.
Which performed better, PVAL or SCHD?
Over the past year PVAL returned +32.79% vs +30.41% for SCHD, so PVAL leads on 1-year performance. Over the longest common window we track (5 years), PVAL annualized +17.04% vs +11.46% for SCHD. Past performance does not guarantee future results.
Which is riskier, PVAL or SCHD?
PVAL has been the more volatile fund at 14.7% annualized versus 13.6% for SCHD. Worst drawdown: PVAL -16.6% vs SCHD -33.4%.
Should I hold both PVAL and SCHD?
PVAL and SCHD have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PVAL and SCHD?
PVAL and SCHD share 3 common holdings with a 7.0% weight overlap. Combined, they hold 144 unique securities.
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.
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