PVAL vs SPSB

Comparison between Putnam Focused Large Cap Value ETF (PVAL, ETF) and SPDR(R) PORTFOLIO SHORT TERM CORPORATE BOND ETF (SPSB, ETF).

5-Year PerformancePVAL has outperformed SPSB, delivering a return of +15.9% compared to +2.7%

PVAL vs SPSB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PVAL(ETF)	SPSB(ETF)
Net Assets	$10B	$10B
Expense Ratio	0.55%	0.04%
Max Drawdown	16.64%	11.75%
Sharpe Ratio	2.30	0.63
5Y Beta	0.76	0.01
P/E Ratio	20.80	N/A
Forward P/E	15.75	N/A
PEG Ratio	0.39	N/A
5Y Dividends CAGR	N/A	22.57%
5Y EPS CAGR	11.29%	N/A
Debt to Equity	32.31%	N/A
P/S Ratio	1.56	N/A
P/B Ratio	2.94	N/A

Net Assets

PVAL

$10B

SPSB

$10B

Expense Ratio

PVAL

0.55%

Winner

SPSB

0.04%

Max Drawdown

PVAL

16.64%

Winner

SPSB

11.75%

Sharpe Ratio

Winner

PVAL

2.30

SPSB

0.63

5Y Beta

PVAL

0.76

Winner

SPSB

0.01

P/E Ratio

PVAL

20.80

SPSB

N/A

Forward P/E

PVAL

15.75

SPSB

N/A

PEG Ratio

PVAL

0.39

SPSB

N/A

5Y Dividends CAGR

PVAL

N/A

SPSB

22.57%

5Y EPS CAGR

PVAL

11.29%

SPSB

N/A

Debt to Equity

PVAL

32.31%

SPSB

N/A

P/S Ratio

PVAL

1.56

SPSB

N/A

P/B Ratio

PVAL

2.94

SPSB

N/A

PVAL vs SPSB - Historical Returns

Returns include dividend reinvestment.

Period	PVAL	SPSB
1 month	+2.80%	+0.06%
3 months	+3.41%	+0.09%
6 months	+12.51%	+1.45%
1 year	+30.34%	+4.63%
5 years(CAGR)	+15.88%	+2.70%
10 years(CAGR)	N/A	+2.61%
Max(CAGR)	+15.88%	+2.28%

Winner

PVAL

+2.80%

SPSB

+0.06%

Winner

PVAL

+3.41%

SPSB

+0.09%

Winner

PVAL

+12.51%

SPSB

+1.45%

Winner

PVAL

+30.34%

SPSB

+4.63%

5Y(CAGR)

Winner

PVAL

+15.88%

SPSB

+2.70%

10Y(CAGR)

PVAL

N/A

SPSB

+2.61%

Max(CAGR)

Winner

PVAL

+15.88%

SPSB

+2.28%

PVAL vs SPSB - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	PVAL	SPSB
2026	+8.13%	+0.61%
2025	+24.59%	+5.90%
2024	+18.93%	+5.39%
2023	+18.99%	+5.53%
2022	-2.65%	-3.19%
2021	+11.43%	-0.20%
2020	N/A	+3.83%
2019	N/A	+5.21%
2018	N/A	+1.45%
2017	N/A	+1.68%
2016	N/A	+2.09%
2015	N/A	+0.87%
2014	N/A	+0.87%
2013	N/A	+1.12%
2012	N/A	+3.04%
2011	N/A	+1.28%
2010	N/A	+2.81%
2009	N/A	-1.14%

PVAL vs SPSB Drawdown Comparison

The maximum drawdown for PVAL was -16.64%, occurring on Sep 30, 2022. Recovery took 211 trading sessions.

The maximum drawdown for SPSB was -11.75%, occurring on Mar 19, 2020. Recovery took 51 trading sessions.

The current SPSB drawdown is -0.14%.

Rank	PVAL	SPSB
#1	-16.64% Mar 30, 2022 - Feb 1, 2023	-11.75% Mar 5, 2020 - May 18, 2020
#2	-15.40% Nov 29, 2024 - Jun 24, 2025	-5.96% Sep 14, 2021 - Nov 28, 2023
#3	-8.75% Feb 14, 2023 - Jun 15, 2023	-1.39% Aug 1, 2011 - Jan 10, 2012
#4	-8.67% Jul 31, 2023 - Dec 1, 2023	-1.28% Dec 17, 2009 - Jul 14, 2010
#5	-7.63% Jan 4, 2022 - Mar 29, 2022	-1.02% Nov 4, 2010 - Jan 28, 2011
#6	-7.22% Feb 9, 2026 - Apr 17, 2026	-0.93% Sep 7, 2017 - Jul 30, 2018
#7	-6.98% Jul 16, 2024 - Aug 30, 2024	-0.87% Feb 23, 2026 - Apr 17, 2026
#8	-5.37% Nov 24, 2021 - Dec 29, 2021	-0.78% May 6, 2013 - Sep 18, 2013
#9	-4.28% Mar 28, 2024 - May 9, 2024	-0.77% Apr 3, 2025 - Apr 25, 2025
#10	-4.27% Jun 8, 2021 - Jul 2, 2021	-0.73% Oct 22, 2015 - Mar 16, 2016
#11	-4.18% Jul 2, 2021 - Aug 3, 2021	-0.69% Sep 6, 2016 - Feb 6, 2017
#12	-3.86% Aug 30, 2024 - Sep 19, 2024	-0.63% May 15, 2015 - Oct 6, 2015
#13	-3.83% Aug 27, 2021 - Oct 14, 2021	-0.63% Oct 2, 2024 - Dec 4, 2024
#14	-3.46% Jul 23, 2025 - Aug 20, 2025	-0.62% Oct 21, 2014 - Jan 27, 2015
#15	-3.36% Nov 12, 2025 - Nov 26, 2025	-0.56% Feb 3, 2012 - Feb 28, 2012

Correlation

Correlation between PVAL and SPSB is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.

0.96

-101

Dividend Comparison (2009 - 2026)

PVAL vs SPSB dividend yield comparison.

Year	PVAL	SPSB
2026	0.28%	1.42%
2025	1.00%	4.55%
2024	1.34%	4.85%
2023	1.33%	4.06%
2022	0.59%	1.92%
2021	0.47%	1.19%
2020	0.00%	1.94%
2019	0.00%	2.77%
2018	0.00%	2.36%
2017	0.00%	1.94%
2016	0.00%	1.65%
2015	0.00%	1.43%
2014	0.00%	1.26%
2013	0.00%	1.40%
2012	0.00%	1.55%
2011	0.00%	1.95%
2010	0.00%	2.05%
2009	0.00%	0.04%