TVALvsPFMETF Comparison
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T. Rowe Price Value ETF (TVAL) belongs to the US Multi-Factor segment. Invesco Dividend Achievers ETF (PFM) is part of the US High Dividend segment. TVAL's top 3 sector exposures are Technology, Finance and Consumer Non-Cyclicals. In contrast, PFM's top sector exposures are Technology, Finance and Healthcare. TVAL is less expensive with a Total Expense Ratio (TER) of 0.33%, versus 0.52% for PFM. TVAL is up 24.08% year-to-date (YTD) with +$445M in YTD flows. PFM performs worse with 15.17% YTD performance, and -$36M in YTD flows. Run a side-by-side ETF comparison of TVAL and PFM 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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TVAL vs PFM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TVAL PFM | +3.21%+6.04% | +2.51%+4.60% | +24.08%+15.17% | +27.93%+16.57% | +86.82%+72.41% | n/a+67.30% |
| Flows | TVAL PFM | +$43M-$5M | +$107M-$4M | +$445M-$36M | +$455M-$24M | +$846M-$102M | --$182M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TVAL PFM | +8.13%+8.27% | +10.73%+9.42% | +12.50%+11.72% | n/a+13.42% |
| Max drawdown | TVAL PFM | -3.55%-5.17% | -7.20%-7.08% | -14.98%-14.65% | n/a-17.94% |
| Max drawdown duration | TVAL PFM | 71d76d | 43d77d | 213d128d | n/a561d |
Trading data
TVAL | PFM | |
Last sale 10/30/2026 at 1:30 PM | $43.68 | $58.39 |
| Previous close 10/29/2026 | $44.12 | $58.65 |
| 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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TVAL
is actively managed and doesn’t replicate an indexTVAL | PFM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
TVAL | PFM | |
|---|---|---|
| Last price | $43.68 | $58.39 |
| 1D performance | -1.00% | -0.44% |
| AuM | $1.13 B | $818.46 M |
| E/R | 0.33% | 0.52% |
Characteristics
TVAL | PFM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | T. Rowe Price | Invesco |
| Benchmark | - | NASDAQ US Broad Dividend Achievers Index |
| N° of holdings | 144 | 428 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 15, 2023 | September 15, 2005 |
| ESG | No | No |
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Exposure
Countries
TVAL
USA
94.31%
Other
5.69%
PFM
USA
96.36%
Other
3.64%
Sectors
TVAL
Technology
22.72%
Finance
20.22%
Consumer Non-Cycl.
14.78%
Healthcare
12.63%
Industrials
10.9%
Energy
7.06%
Other
11.69%
PFM
Technology
24.03%
Finance
20.08%
Healthcare
17.45%
Consumer Non-Cycl.
11.23%
Industrials
9.32%
Other
17.89%
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Diversification
TVAL
Total weight of top 15 holdings out of 15
37.39%
PFM
Total weight of top 15 holdings out of 15
39.54%
Top 15 holdings
Data as of September 30, 2026
TVAL
Amazon.com, Inc.
6.47%
Apple, Inc.
5.94%
Microsoft Corp.
5.51%
ExxonMobil Holdings Corp.
2.03%
Johnson & Johnson
1.86%
ConocoPhillips
1.81%
Intel Corp.
1.69%
JPMorgan Chase & Co.
1.66%
Procter & Gamble Co.
1.63%
The Charles Schwab Corp.
1.58%
Chubb Ltd.
1.58%
CSX Corp.
1.51%
Cisco Systems, Inc.
1.40%
Philip Morris International, Inc.
1.36%
Linde Plc
1.35%
PFM
Apple, Inc.
4.39%
Microsoft Corp.
4.12%
Eli Lilly & Co.
4.08%
Broadcom Inc.
3.88%
JPMorgan Chase & Co.
3.28%
Walmart, Inc.
3.16%
ExxonMobil Holdings Corp.
2.45%
Johnson & Johnson
2.40%
Visa, Inc.
2.29%
Mastercard, Inc.
1.81%
AbbVie, Inc.
1.72%
Cisco Systems, Inc.
1.54%
Costco Wholesale Corp.
1.50%
Chevron Corp.
1.49%
Lam Research Corp.
1.44%
Frequently asked questions about TVAL and PFM
How have the TVAL and PFM ETFs performed in 2026?
As of October 28, 2026, TVAL is up 24.08% year-to-date (YTD), while PFM has returned 15.17%. That puts TVAL better performer ahead so far this year.
Which ETF is attracting more investor money: TVAL or PFM?
Year-to-date, the TVAL ETF saw +$445M in flows, compared to -$36M for PFM.
Which ETF is more volatile: TVAL or PFM?
Over the past year, TVAL had a volatility of 10.73%, while PFM experienced 9.42%.
Which ETF is bigger: TVAL or PFM?
As of October 28, 2026, TVAL holds $1.13 B in assets under management (AUM), while PFM manages $818.46 M.
What sectors do the TVAL and PFM ETFs invest in?
TVAL leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, PFM focuses on Technology, Finance and Healthcare.
What are the top holdings of the TVAL ETF and PFM ETF?
TVAL top holdings include Amazon.com, Inc., Apple, Inc. and Microsoft Corp.. PFM holds in its top three: Apple, Inc., Microsoft Corp. and Eli Lilly & Co..
Which ETF is more diversified: TVAL or PFM?
TVAL holds 144 securities with 37.39% of its assets in the top 15. PFM has 428 securities and a top 15 weight of 39.54%.
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Latest news about TVAL & PFM
Dividend Growth, High Yield, & Dividend Quality ETFs: What's the Difference?
October 20, 2023
PFM
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