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PVALvsIWXETF Comparison

ETF 1

PVAL

Putnam Focused Large Cap Value ETF

This fund is part of

US Large Cap Value

+0.85%

Full PVAL fund page

VS

ETF 2

IWX

iShares Russell Top 200 Value ETF

This fund is part of

US Large Cap Value

+0.85%

Full IWX fund page

Putnam Focused Large Cap Value ETF (PVAL) and iShares Russell Top 200 Value ETF (IWX) belong to the same industry segment: US Large Cap Value. PVAL's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, IWX's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. PVAL is more expensive with a Total Expense Ratio (TER) of 0.56%, versus 0.2% for IWX. PVAL is up 21.24% year-to-date (YTD) with +$6.90B in YTD flows. IWX performs better with 26.24% YTD performance, and -$424M in YTD flows. Run a side-by-side ETF comparison of PVAL and IWX below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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PVAL vs IWX performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/29/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PVAL IWX	+3.83%+4.35%	+4.71%+6.00%	+21.24%+26.24%	+28.23%+30.87%	+103.56%+92.32%	+112.49%+83.37%
Flows	PVAL IWX	+$665M-$85M	+$1.73B-$204M	+$6.90B-$424M	+$8.29B+$108M	+$12.41B+$640M	+$12.60B+$1.18B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PVAL IWX	+8.33%+8.18%	+10.78%+10.68%	+13.06%+12.15%	+15.04%+13.84%
Max drawdown	PVAL IWX	-3.58%-3.56%	-7.22%-6.62%	-15.55%-13.33%	-16.50%-18.26%
Max drawdown duration	PVAL IWX	73d46d	66d67d	204d128d	307d555d

Trading data

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	PVAL	IWX
Last sale 10/30/2026 at 1:40 PM	$54.81	$114.06
Previous close 10/29/2026	$54.83	$114.68
Consolidated volume 10/29/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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PVAL

is actively managed and doesn’t replicate an index

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	PVAL	IWX
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/30/2026 at 1:40 PM

Live

Closed

	PVAL	IWX
Last price	$54.81	$114.06
1D performance	-0.04%	-0.54%
AuM	$15.50 B	$3.92 B
E/R	0.56%	0.2%

Characteristics

	PVAL	IWX
Management strategy	Active	Passive
Provider	Putnam	iShares
Benchmark	-	Russell Top 200 Value Index
N° of holdings	45	153
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	May 27, 2021	September 22, 2009
ESG	No	No

More PVAL data on Trackinsight

More IWX data on Trackinsight

Exposure

Countries

PVAL

USA

95.86%

Other

4.14%

IWX

USA

96.73%

Other

3.27%

Sectors

PVAL

Technology

21.77%

Finance

19.34%

Healthcare

14.43%

Consumer Non-Cycl.

12.47%

Energy

8.31%

Industrials

7.66%

Other

16.02%

IWX

Technology

23.6%

Finance

20.77%

Consumer Non-Cycl.

16.96%

Healthcare

13.3%

Industrials

7.57%

Other

17.8%

Diversification

PVAL

Total weight of top 15 holdings out of 15

55.45%

IWX

Total weight of top 15 holdings out of 15

46.44%

Top 15 holdings

Data as of August 31, 2026

PVAL

Microsoft Corp.

9.27%

Apple, Inc.

6.70%

Amazon.com, Inc.

4.71%

ExxonMobil Holdings Corp.

3.77%

The Charles Schwab Corp.

3.25%

Citigroup, Inc.

3.24%

Freeport-McMoRan, Inc.

3.13%

The Coca-Cola Co.

2.95%

Cisco Systems, Inc.

2.88%

The Allstate Corp.

2.86%

Bank of America Corp.

2.70%

Philip Morris International, Inc.

2.64%

Valero Energy Corp.

2.54%

Thermo Fisher Scientific, Inc.

2.48%

General Motors Co.

2.34%

IWX

Amazon.com, Inc.

8.47%

Apple, Inc.

7.70%

Microsoft Corp.

6.91%

JPMorgan Chase & Co.

3.49%

Berkshire Hathaway, Inc.

3.44%

ExxonMobil Holdings Corp.

2.46%

Johnson & Johnson

2.35%

Cisco Systems, Inc.

1.60%

Walmart, Inc.

1.54%

AbbVie, Inc.

1.53%

Intel Corp.

1.50%

Chevron Corp.

1.40%

Bank of America Corp.

1.40%

Merck & Co., Inc.

1.34%

UnitedHealth Group, Inc.

1.29%

Frequently asked questions about PVAL and IWX

How have the PVAL and IWX ETFs performed in 2026?

As of October 29, 2026, PVAL is up 21.24% year-to-date (YTD), while IWX has returned 26.24%. That puts IWX better performer ahead so far this year.

Which ETF is attracting more investor money: PVAL or IWX?

Year-to-date, the PVAL ETF saw +$6.90B in flows, compared to -$424M for IWX.

Which ETF is more volatile: PVAL or IWX?

Over the past year, PVAL had a volatility of 10.78%, while IWX experienced 10.68%.

Which ETF is bigger: PVAL or IWX?

As of October 29, 2026, PVAL holds $15.50 B in assets under management (AUM), while IWX manages $3.92 B.

What sectors do the PVAL and IWX ETFs invest in?

PVAL leans toward sectors like Technology, Finance and Healthcare. Meanwhile, IWX focuses on Technology, Finance and Consumer Non-Cyclicals.

What are the top holdings of the PVAL ETF and IWX ETF?

PVAL top holdings include Microsoft Corp., Apple, Inc. and Amazon.com, Inc.. IWX holds in its top three: Amazon.com, Inc., Apple, Inc. and Microsoft Corp..

PVALvsIWXETF Comparison

Putnam Focused Large Cap Value ETF

iShares Russell Top 200 Value ETF

PVAL vs IWX performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the PVAL and IWX ETFs performed in 2026?

As of October 29, 2026, PVAL is up 21.24% year-to-date (YTD), while IWX has returned 26.24%. That puts IWX better performer ahead so far this year.

Which ETF is attracting more investor money: PVAL or IWX?

Year-to-date, the PVAL ETF saw +$6.90B in flows, compared to -$424M for IWX.

Which ETF is more volatile: PVAL or IWX?

Over the past year, PVAL had a volatility of 10.78%, while IWX experienced 10.68%.

Which ETF is bigger: PVAL or IWX?

As of October 29, 2026, PVAL holds $15.50 B in assets under management (AUM), while IWX manages $3.92 B.

What sectors do the PVAL and IWX ETFs invest in?

PVAL leans toward sectors like Technology, Finance and Healthcare. Meanwhile, IWX focuses on Technology, Finance and Consumer Non-Cyclicals.

What are the top holdings of the PVAL ETF and IWX ETF?

PVAL top holdings include Microsoft Corp., Apple, Inc. and Amazon.com, Inc.. IWX holds in its top three: Amazon.com, Inc., Apple, Inc. and Microsoft Corp..

Which ETF is more diversified: PVAL or IWX?

PVAL holds 45 securities with 55.45% of its assets in the top 15. IWX has 153 securities and a top 15 weight of 46.44%.

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