PVALvsTVALETF Comparison
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Putnam Focused Large Cap Value ETF (PVAL) belongs to the US Large Cap Value segment. T. Rowe Price Value ETF (TVAL) is part of the US Multi-Factor segment. PVAL's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, TVAL's top sector exposures are Finance, Technology and Consumer Non-Cyclicals. PVAL is more expensive with a Total Expense Ratio (TER) of 0.56%, versus 0.33% for TVAL. PVAL is up 20.13% year-to-date (YTD) with +$6.87B in YTD flows. TVAL performs better with 23.99% YTD performance, and +$445M in YTD flows. Run a side-by-side ETF comparison of PVAL and TVAL 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 TVAL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PVAL TVAL | +2.47%+3.13% | +2.73%+3.02% | +20.13%+23.99% | +26.75%+26.89% | +101.70%+88.64% | +110.31%n/a |
| Flows | PVAL TVAL | +$687M+$43M | +$1.78B+$109M | +$6.87B+$445M | +$8.29B+$455M | +$12.39B+$846M | +$12.57B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PVAL TVAL | +8.41%+8.19% | +10.75%+10.76% | +13.06%+12.52% | +15.04%n/a |
| Max drawdown | PVAL TVAL | -3.58%-3.55% | -7.22%-7.20% | -15.55%-14.98% | -16.50%n/a |
| Max drawdown duration | PVAL TVAL | 73d71d | 66d43d | 204d213d | 307dn/a |
Trading data
PVAL | TVAL | |
Last sale 10/29/2026 at 2:57 PM | $54.64 | $43.97 |
| Previous close 10/28/2026 | $54.31 | $43.74 |
| Consolidated volume 10/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/29/2026 at 2:57 PM
Live
Closed
PVAL | TVAL | |
|---|---|---|
| Last price | $54.64 | $43.97 |
| 1D performance | +0.61% | +0.51% |
| AuM | $15.34 B | $1.12 B |
| E/R | 0.56% | 0.33% |
Characteristics
PVAL | TVAL | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Putnam | T. Rowe Price |
| Benchmark | - | - |
| N° of holdings | 45 | 152 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 27, 2021 | June 15, 2023 |
| ESG | No | No |
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Exposure
Countries
PVAL
USA
95.86%
Other
4.14%
TVAL
USA
93.84%
Other
6.16%
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%
TVAL
Finance
21.56%
Technology
19.99%
Consumer Non-Cycl.
14.57%
Healthcare
12.04%
Industrials
11.37%
Energy
7.31%
Other
13.16%
Diversification
PVAL
Total weight of top 15 holdings out of 15
55.45%
TVAL
Total weight of top 15 holdings out of 15
36.22%
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%
TVAL
Amazon.com, Inc.
6.73%
Microsoft Corp.
5.17%
Apple, Inc.
4.94%
ExxonMobil Holdings Corp.
1.96%
Johnson & Johnson
1.84%
ConocoPhillips
1.83%
The Charles Schwab Corp.
1.74%
CSX Corp.
1.68%
JPMorgan Chase & Co.
1.64%
Chubb Ltd.
1.60%
Procter & Gamble Co.
1.57%
Bank of America Corp.
1.41%
Cisco Systems, Inc.
1.40%
Linde Plc
1.35%
Intel Corp.
1.35%
Frequently asked questions about PVAL and TVAL
How have the PVAL and TVAL ETFs performed in 2026?
As of October 28, 2026, PVAL is up 20.13% year-to-date (YTD), while TVAL has returned 23.99%. That puts TVAL better performer ahead so far this year.
Which ETF is attracting more investor money: PVAL or TVAL?
Year-to-date, the PVAL ETF saw +$6.87B in flows, compared to +$445M for TVAL.
Which ETF is more volatile: PVAL or TVAL?
Over the past year, PVAL had a volatility of 10.75%, while TVAL experienced 10.76%.
Which ETF is bigger: PVAL or TVAL?
As of October 28, 2026, PVAL holds $15.34 B in assets under management (AUM), while TVAL manages $1.12 B.
What sectors do the PVAL and TVAL ETFs invest in?
PVAL leans toward sectors like Technology, Finance and Healthcare. Meanwhile, TVAL focuses on Finance, Technology and Consumer Non-Cyclicals.
What are the top holdings of the PVAL ETF and TVAL ETF?
PVAL top holdings include Microsoft Corp., Apple, Inc. and Amazon.com, Inc.. TVAL holds in its top three: Amazon.com, Inc., Microsoft Corp. and Apple, Inc..
Which ETF is more diversified: PVAL or TVAL?
PVAL holds 45 securities with 55.45% of its assets in the top 15. TVAL has 152 securities and a top 15 weight of 36.22%.
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