PVAL vs SPY
Comparison between Putnam Focused Large Cap Value ETF (PVAL, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformancePVAL has outperformed SPY, delivering a return of +15.8% compared to +13.3%
PVAL vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PVAL
$8.80B
Winner
SPY
$652B
Expense Ratio
PVAL
0.55%
Winner
SPY
0.09%
Max Drawdown
Winner
PVAL
16.64%
SPY
56.47%
Sharpe Ratio
Winner
PVAL
2.32
SPY
2.07
5Y Beta
Winner
PVAL
0.76
SPY
1.00
P/E Ratio
Winner
PVAL
20.80
SPY
28.24
Forward P/E
Winner
PVAL
15.97
SPY
21.85
PEG Ratio
PVAL
0.39
SPY
N/A
5Y Dividends CAGR
PVAL
N/A
SPY
5.43%
5Y EPS CAGR
PVAL
11.29%
Winner
SPY
25.79%
Debt to Equity
PVAL
32.31%
Winner
SPY
22.35%
P/S Ratio
Winner
PVAL
1.53
SPY
3.55
P/B Ratio
Winner
PVAL
2.90
SPY
5.29
PVAL vs SPY - Holdings Comparison
PVAL and SPY have 42 common holdings. Overlap is 17.67%
PVAL's top 25 holdings weight is 68.68%. SPY's top 25 holdings weight is 51.32%.
| Rank | PVAL | SPY |
|---|---|---|
| #1 | EXXON MOBIL CORP (XOM) - 4.62% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | CITIGROUP INC (C) - 4.28% | APPLE INC (AAPL) - 6.48% |
| #3 | CISCO SYSTEMS INC (CSCO) - 4.09% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | ALPHABET INC CLASS A (GOOGL) - 3.26% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | MCKESSON CORP (MCK) - 3.07% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | CASH AND EQUIVALENTS (n/a) - 2.96% | BROADCOM INC (AVGO) - 3.09% |
| #7 | COCA-COLA CO (KO) - 2.88% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | HILTON WORLDWIDE HOLDINGS INC (HLT) - 2.88% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | FREEPORT-MCMORAN INC (FCX) - 2.71% | TESLA INC (TSLA) - 1.73% |
| #10 | PHILIP MORRIS INTERNATIONAL INC (PM) - 2.68% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | ALLSTATE CORP (ALL) - 2.60% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | BANK OF AMERICA CORP (BAC) - 2.59% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | FEDEX CORP (FDX) - 2.53% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | MICROSOFT CORP (MSFT) - 2.51% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | SOUTHWEST AIRLINES CO (LUV) - 2.46% | WALMART INC (WMT) - 0.91% |
| #16 | GENERAL MOTORS CO (GM) - 2.38% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | AMAZON.COM INC (AMZN) - 2.36% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | NORTHROP GRUMMAN CORP (NOC) - 2.34% | VISA INC CLASS A (V) - 0.85% |
| #19 | CONOCOPHILLIPS (COP) - 2.34% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | THERMO FISHER SCIENTIFIC INC (TMO) - 2.32% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | NEXTERA ENERGY INC (NEE) - 2.28% | INTEL CORP (INTC) - 0.65% |
| #22 | CHARLES SCHWAB CORP (SCHW) - 2.26% | NETFLIX INC (NFLX) - 0.64% |
| #23 | ASTRAZENECA PLC (n/a) - 2.13% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | JOHNSON CONTROLS INTERNATIONAL PLC REGISTERED SHARES (JCI) - 2.10% | CHEVRON CORP (CVX) - 0.58% |
| #25 | CAPITAL ONE FINANCIAL CORP (COF) - 2.05% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 47 | 505 |
PVAL vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
PVAL
+2.99%
Winner
SPY
+9.11%
3M
PVAL
+0.96%
Winner
SPY
+6.59%
6M
Winner
PVAL
+14.02%
SPY
+10.56%
1Y
Winner
PVAL
+33.36%
SPY
+32.04%
5Y(CAGR)
Winner
PVAL
+15.80%
SPY
+13.35%
10Y(CAGR)
PVAL
N/A
SPY
+15.49%
Max(CAGR)
Winner
PVAL
+15.80%
SPY
+8.50%
PVAL vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | PVAL | SPY |
|---|---|---|
| 2026 | +7.58% | +8.27% |
| 2025 | +24.59% | +18.00% |
| 2024 | +18.93% | +25.59% |
| 2023 | +18.99% | +26.72% |
| 2022 | -2.65% | -18.64% |
| 2021 | +11.43% | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
PVAL vs SPY Drawdown Comparison
The maximum drawdown for PVAL was -16.64%, occurring on Sep 30, 2022. Recovery took 211 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current PVAL drawdown is -0.48%.
| Rank | PVAL | SPY |
|---|---|---|
| #1 | -16.64% Mar 30, 2022 - Feb 1, 2023 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -15.40% Nov 29, 2024 - Jun 24, 2025 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -8.75% Feb 14, 2023 - Jun 15, 2023 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -8.67% Jul 31, 2023 - Dec 1, 2023 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -7.63% Jan 4, 2022 - Mar 29, 2022 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -7.22% Feb 9, 2026 - Apr 17, 2026 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -6.98% Jul 16, 2024 - Aug 30, 2024 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -5.37% Nov 24, 2021 - Dec 29, 2021 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -4.28% Mar 28, 2024 - May 9, 2024 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -4.27% Jun 8, 2021 - Jul 2, 2021 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -4.18% Jul 2, 2021 - Aug 3, 2021 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -3.86% Aug 30, 2024 - Sep 19, 2024 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -3.83% Aug 27, 2021 - Oct 14, 2021 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -3.46% Jul 23, 2025 - Aug 20, 2025 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -3.36% Nov 12, 2025 - Nov 26, 2025 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between PVAL and SPY is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (1999 - 2026)
PVAL vs SPY dividend yield comparison.
| Year | PVAL | SPY |
|---|---|---|
| 2026 | 0.28% | 0.24% |
| 2025 | 1.00% | 1.07% |
| 2024 | 1.34% | 1.21% |
| 2023 | 1.33% | 1.40% |
| 2022 | 0.59% | 1.65% |
| 2021 | 0.47% | 1.20% |
| 2020 | 0.00% | 1.52% |
| 2019 | 0.00% | 1.75% |
| 2018 | 0.00% | 2.04% |
| 2017 | 0.00% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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