PVAL vs VTI
Putnam Focused Large Cap Value ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, PVAL or VTI?
Large Cap Value against Large Cap Blend.
VTI has a lower expense ratio. PVAL led over 1Y, 3Y, 5Y and the full window. VTI is less concentrated, with 33.3% 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 | VTI |
|---|---|---|
| Expense Ratio | 0.55% | 0.03%Best |
| AUM | $14.1B | $666.9B |
| Dividend Yield | 0.89% | 1.03% |
| Holdings | 47 | 3,543 |
| YTD Return | +16.18%Best | +12.43% |
| 1Y Return | +25.98%Best | +15.92% |
| 3Y Return (annualized) | +23.59%Best | +22.42% |
| 5Y Return (annualized) | +16.80%Best | +12.37% |
| Volatility (annualized) | 14.7%Best | 15.6% |
| Max Drawdown | -16.6%Best | -25.4% |
| $10,000 over 5 years | $21,738Best | $17,916 |
| Top 10 Weight | 42.0% | 33.3%Best |
| Fund Family | Putnam Investments | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | May 25, 2021 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: May 26, 2021 to Sep 28, 2026 (5.3 years).
PVAL vs VTI 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 VTI Performance
Putnam Focused Large Cap Value ETF (PVAL) is an ETF from Putnam Investments and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year PVAL returned +25.98% while VTI returned +15.92%. Year to date, PVAL is up 16.18% versus a gain of 12.43% for VTI.
Over three years, PVAL compounded at +23.59% per year against +22.42% for VTI; over five years the annualized figures are +16.80% and +12.37% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.6% 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 -25.4% for VTI. 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 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 0.89% against 1.03% for VTI.
Holdings Overlap
94.8% of PVAL's money is in holdings VTI also owns. 24.5% of VTI's money is in holdings PVAL also owns.
Most of PVAL is already inside VTI. Owning both mostly buys the same companies twice.
42 positions in common, counted across the 46 positions we hold weights for in PVAL and 3,463 in VTI, against full books of 47 and 3,543.
What only one of them owns
Our book lists 1,108 positions for VTI that do not appear in our book for PVAL (72.9% of the fund), and 1 for PVAL that do not appear in VTI (1.3%).
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 VTI | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 8.58% | 4.79% | 3.79% |
| AAPLApple, Inc | 6.60% | 6.29% | 0.31% |
| AMZNAmazon.Com Inc | 4.98% | 3.65% | 1.33% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 3.67% | 0.89% | 2.78% |
| CSCOCisco Systems Inc. - Ordinary Shares | 3.05% | 0.57% | 2.48% |
| CCitigroup Inc. | 3.30% | 0.30% | 3.00% |
| SCHWSchwab Strategic T | 3.15% | 0.24% | 2.91% |
| KOCoca Cola Co. | 2.94% | 0.42% | 2.52% |
| BACBank of America Corp.: Financials | 2.73% | 0.55% | 2.18% |
| PMPhilip Morris International Inc. | 2.72% | 0.41% | 2.31% |
94.8% of PVAL is already inside VTI.
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 VTI?
PVAL has an expense ratio of 0.55% while VTI charges 0.03%. VTI is the cheaper option, by $52 a year on a $10,000 investment.
Which performed better, PVAL or VTI?
Over the past year PVAL returned +25.98% vs +15.92% for VTI, 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 VTI?
VTI has been the more volatile fund at 15.6% annualized versus 14.7% for PVAL. Worst drawdown: PVAL -16.6% vs VTI -25.4%.
Should I hold both PVAL and VTI?
PVAL and VTI 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 VTI?
94.8% of PVAL's money is in holdings VTI also owns. 24.5% of VTI's is in holdings PVAL also owns. They hold 42 positions in common, counted across the 46 positions we hold weights for in PVAL and 3,463 in VTI.
Which pays a higher dividend, PVAL or VTI?
PVAL yields 0.89% while VTI yields 1.03%, so VTI currently pays the higher dividend yield.
Is VTI better than PVAL?
VTI has a lower expense ratio. PVAL led over 1Y, 3Y, 5Y and the full window. VTI is less concentrated, with 33.3% 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.