PVAL vs VTI
Putnam Focused Large Cap Value ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. PVAL delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | PVAL | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.03% | |
| AUM | $14.0B | $666.9B | |
| Dividend Yield | 0.90% | 1.07% | |
| Holdings | 48 | 3,543 | |
| YTD Return | +18.98% | +13.67% | |
| 1Y Return | +32.97% | +22.17% | |
| 3Y Return (annualized) | +24.41% | +21.93% | |
| 5Y Return (annualized) | +17.57% | +12.51% | |
| Volatility (annualized) | 14.7% | 15.3% | |
| Max Drawdown | -16.6% | -56.6% | |
| Fund Family | Putnam Investments | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | May 25, 2021 | May 24, 2001 |
PVAL vs VTI Performance
Putnam Focused Large Cap Value ETF (PVAL) is a ETF from Putnam Investments and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year PVAL returned +32.97% while VTI returned +22.17%. Year to date, PVAL is up 18.98% versus a gain of 13.67% for VTI.
Over three years, PVAL compounded at +24.41% per year against +21.93% for VTI; over five years the annualized figures are +17.57% and +12.51% respectively. Across the full 5-year window we track, PVAL has the edge at +17.11% annualized vs +8.11%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.7% 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 -56.6% for VTI. 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 VTI 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 1.07% for VTI.
Holdings Overlap
PVAL and VTI share 43 holdings out of 2791 unique holdings combined, representing a 22.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PVAL or VTI?
PVAL has an expense ratio of 0.55% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, PVAL or VTI?
Over the past year PVAL returned +32.97% vs +22.17% for VTI, so PVAL leads on 1-year performance. Over the longest common window we track (5 years), PVAL annualized +17.11% vs +8.11% for VTI. Past performance does not guarantee future results.
Which is riskier, PVAL or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 14.7% for PVAL. Worst drawdown: PVAL -16.6% vs VTI -56.6%.
Should I hold both PVAL and VTI?
PVAL and VTI 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 VTI?
PVAL and VTI share 43 common holdings with a 22.6% weight overlap. Combined, they hold 2791 unique securities.
Which pays a higher dividend, PVAL or VTI?
PVAL yields 0.90% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.
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