BKDV vs PVAL
BNY Mellon Dynamic Value ETF vs Putnam Focused Large Cap Value ETF
Which is better, BKDV or PVAL?
Nearly the same fund. PVAL costs less.
PVAL has a lower expense ratio. PVAL led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96. BKDV is less concentrated, with 33.5% of the fund in its ten largest positions against 42.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BKDV | PVAL |
|---|---|---|
| Expense Ratio | 0.60% | 0.55%Best |
| AUM | $2.2B | $14.9B |
| Dividend Yield | 0.53% | 0.92% |
| Holdings | 84 | 93 |
| YTD Return | +17.11% | +17.95%Best |
| 1Y Return | +23.83% | +27.77%Best |
| 3Y Return (annualized) | - | +24.11% |
| 5Y Return (annualized) | - | +16.54% |
| Volatility (annualized) | 11.8% | 11.5%Best |
| Max Drawdown | -15.5% | -15.4%Best |
| $10,000 over 1.9 years | $13,788 | $14,512Best |
| Top 10 Weight | 33.5%Best | 42.7% |
| Fund Family | BNY Mellon Investment Management | Putnam Investments |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Nov 1, 2024 | May 25, 2021 |
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 4, 2024 to Oct 14, 2026 (1.9 years).
BKDV vs PVAL growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.9 years both funds cover.
BKDV vs PVAL Performance
BNY Mellon Dynamic Value ETF (BKDV) is an ETF from BNY Mellon Investment Management and Putnam Focused Large Cap Value ETF (PVAL) is an ETF from Putnam Investments. Over the past year BKDV returned +23.83% while PVAL returned +27.77%. Year to date, BKDV is up 17.11% versus a gain of 17.95% for PVAL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BKDV has been the more volatile fund, with annualized monthly volatility of 11.8% compared with 11.5% for PVAL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -15.5% for BKDV and -15.4% for PVAL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BKDV charges 0.60% per year while PVAL charges 0.55%. On a $10,000 position that is $60 vs $55 annually, a gap of $5 per year that compounds over a long holding period. On income, BKDV currently yields 0.53% against 0.92% for PVAL.
Holdings Overlap
31.6% of BKDV's money is in holdings PVAL also owns. 52.2% of PVAL's money is in holdings BKDV also owns.
The two portfolios partly overlap.
16 positions in common, counted across the 79 positions we hold weights for in BKDV and 45 in PVAL, against full books of 84 and 93.
What only one of them owns
Our book lists 26 positions for PVAL that do not appear in our book for BKDV (44.1% of the fund), and 61 for BKDV that do not appear in PVAL (66.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in BKDV | Weight in PVAL | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 4.98% | 9.26% | 4.28% |
| AMZNAmazon.Com Inc | 6.02% | 4.70% | 1.32% |
| AAPLApple, Inc | 3.28% | 6.69% | 3.41% |
| CSCOCisco Systems Inc. - Ordinary Shares | 2.21% | 2.88% | 0.67% |
| UNHUnited Healthcare Corp. | 2.65% | 2.22% | 0.43% |
| KOCoca-Cola Co/The | 1.75% | 2.94% | 1.19% |
| TMOThermo Fisherscientific Inc. | 2.10% | 2.48% | 0.38% |
| PMPhilip Morris International Inc. | 1.76% | 2.64% | 0.88% |
| CCitigroup, Inc. | 1.06% | 3.24% | 2.18% |
| FCXFreeport-Mcmoran Inc Common Stock Usd 0.1 | 0.73% | 3.12% | 2.39% |
52.2% of PVAL is already inside BKDV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BKDV or PVAL?
BKDV has an expense ratio of 0.60% while PVAL charges 0.55%. PVAL is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, BKDV or PVAL?
Over the past year BKDV returned +23.83% vs +27.77% for PVAL, so PVAL leads on 1-year performance. Over the longest common window we track (2 years), BKDV annualized +18.42% vs +21.65% for PVAL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BKDV or PVAL?
BKDV has been the more volatile fund at 11.8% annualized versus 11.5% for PVAL. Worst drawdown: BKDV -15.5% vs PVAL -15.4%.
Should I hold both BKDV and PVAL?
BKDV and PVAL have a monthly-return correlation of 0.96, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between BKDV and PVAL?
52.2% of PVAL's money is in holdings BKDV also owns. 52.2% of PVAL's is in holdings BKDV also owns. They hold 16 positions in common, counted across the 79 positions we hold weights for in BKDV and 45 in PVAL.
Which pays a higher dividend, BKDV or PVAL?
BKDV yields 0.53% while PVAL yields 0.92%, so PVAL currently pays the higher dividend yield.
Is PVAL better than BKDV?
PVAL has a lower expense ratio. PVAL led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96. BKDV is less concentrated, with 33.5% of the fund in its ten largest positions against 42.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.