PVAL vs VOO
Putnam Focused Large Cap Value ETF vs Vanguard S&P 500 ETF
Which is better, PVAL or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. PVAL led over 1Y, 3Y, 5Y and the full window. VOO is less concentrated, with 36.4% 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 | VOO |
|---|---|---|
| Expense Ratio | 0.55% | 0.03%Best |
| AUM | $14.1B | $997.4B |
| Dividend Yield | 0.90% | 1.08% |
| Holdings | 47 | 509 |
| YTD Return | +17.86%Best | +12.74% |
| 1Y Return | +30.06%Best | +19.43% |
| 3Y Return (annualized) | +23.30%Best | +21.18% |
| 5Y Return (annualized) | +16.99%Best | +12.76% |
| Volatility (annualized) | 14.6%Best | 15.4% |
| Max Drawdown | -16.6%Best | -24.5% |
| $10,000 over 5 years | $21,915Best | $18,230 |
| Top 10 Weight | 42.0% | 36.4%Best |
| Fund Family | Putnam Investments | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | May 25, 2021 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: May 26, 2021 to Sep 8, 2026 (5.3 years).
PVAL vs VOO 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 VOO Performance
Putnam Focused Large Cap Value ETF (PVAL) is an ETF from Putnam Investments and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year PVAL returned +30.06% while VOO returned +19.43%. Year to date, PVAL is up 17.86% versus a gain of 12.74% for VOO.
Over three years, PVAL compounded at +23.30% per year against +21.18% for VOO; over five years the annualized figures are +16.99% and +12.76% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 14.6% for PVAL. 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 -24.5% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PVAL charges 0.55% per year while VOO charges 0.03%. On a $10,000 position that is $55 vs $3 annually, a gap of $52 per year that compounds over a long holding period. On income, PVAL currently yields 0.90% against 1.08% for VOO.
Holdings Overlap
92.4% of PVAL's money is in holdings VOO also owns. 25.5% of VOO's money is in holdings PVAL also owns.
Most of PVAL is already inside VOO. Owning both mostly buys the same companies twice.
40 positions in common, counted across the 46 positions we hold weights for in PVAL and 504 in VOO, against full books of 47 and 509.
What only one of them owns
Our book lists 454 positions for VOO that do not appear in our book for PVAL (73.8% of the fund), and 2 for PVAL that do not appear in VOO (2.3%).
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.
Top Shared Holdings
| Stock | Weight in PVAL | Weight in VOO | Difference |
|---|---|---|---|
| AAPLApple Inc Ord | 6.60% | 6.59% | 0.01% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 8.58% | 4.30% | 4.28% |
| AMZNAmazon.Com Inc | 4.98% | 3.62% | 1.36% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 3.67% | 0.88% | 2.79% |
| CSCOCisco Systems Inc | 3.05% | 0.72% | 2.33% |
| CCitigroup, Inc. | 3.30% | 0.36% | 2.94% |
| KOCoca-cola Co. | 2.94% | 0.49% | 2.45% |
| SCHWCharles Schwab Corp. | 3.15% | 0.23% | 2.92% |
| BACBank Of America Corp Preferred Stock 6.5 | 2.73% | 0.58% | 2.15% |
| PMPhilip Morris International Inc. | 2.72% | 0.44% | 2.28% |
92.4% of PVAL is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PVAL or VOO?
PVAL has an expense ratio of 0.55% while VOO charges 0.03%. VOO is the cheaper option, by $52 a year on a $10,000 investment.
Which performed better, PVAL or VOO?
Over the past year PVAL returned +30.06% vs +19.43% for VOO, 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 VOO?
VOO has been the more volatile fund at 15.4% annualized versus 14.6% for PVAL. Worst drawdown: PVAL -16.6% vs VOO -24.5%.
Should I hold both PVAL and VOO?
PVAL and VOO have a monthly-return correlation of 0.88, 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 VOO?
92.4% of PVAL's money is in holdings VOO also owns. 25.5% of VOO's is in holdings PVAL also owns. They hold 40 positions in common, counted across the 46 positions we hold weights for in PVAL and 504 in VOO.
Which pays a higher dividend, PVAL or VOO?
PVAL yields 0.90% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
Is VOO better than PVAL?
VOO has a lower expense ratio. PVAL led over 1Y, 3Y, 5Y and the full window. VOO is less concentrated, with 36.4% 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.