DIVL vs PVAL
Madison Dividend Value ETF vs Putnam Focused Large Cap Value ETF
Which is better, DIVL or PVAL?
PVAL has been ahead.
PVAL has a lower expense ratio. PVAL led over 1Y, 3Y and the full window. DIVL is less concentrated, with 41.2% 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 | DIVL | PVAL |
|---|---|---|
| Expense Ratio | 0.65% | 0.55%Best |
| AUM | $61M | $14.9B |
| Dividend Yield | 1.83% | 0.92% |
| Holdings | 40 | 93 |
| YTD Return | +10.65% | +17.95%Best |
| 1Y Return | +12.67% | +27.77%Best |
| 3Y Return (annualized) | +12.06% | +24.11%Best |
| 5Y Return (annualized) | - | +16.54% |
| Volatility (annualized) | 12.0% | 11.5%Best |
| Max Drawdown | -14.1%Best | -15.4% |
| $10,000 over 3.2 years | $13,610 | $19,019Best |
| Top 10 Weight | 41.2%Best | 42.7% |
| Fund Family | Madison Funds | Putnam Investments |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Aug 14, 2023 | May 25, 2021 |
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Aug 15, 2023 to Oct 14, 2026 (3.2 years).
DIVL 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 3.2 years both funds cover.
DIVL vs PVAL Performance
Madison Dividend Value ETF (DIVL) is an ETF from Madison Funds and Putnam Focused Large Cap Value ETF (PVAL) is an ETF from Putnam Investments. Over the past year DIVL returned +12.67% while PVAL returned +27.77%. Year to date, DIVL is up 10.65% versus a gain of 17.95% for PVAL.
Over three years, DIVL compounded at +12.06% per year against +24.11% for PVAL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DIVL has been the more volatile fund, with annualized monthly volatility of 12.0% 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 -14.1% for DIVL 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DIVL charges 0.65% per year while PVAL charges 0.55%. On a $10,000 position that is $65 vs $55 annually, a gap of $10 per year that compounds over a long holding period. On income, DIVL currently yields 1.83% against 0.92% for PVAL.
Holdings Overlap
26.1% of DIVL's money is in holdings PVAL also owns. 20.1% of PVAL's money is in holdings DIVL also owns.
DIVL and PVAL share little of their money.
8 positions in common, counted across the 37 positions we hold weights for in DIVL and 45 in PVAL, against full books of 40 and 93.
What only one of them owns
Our book lists 34 positions for PVAL that do not appear in our book for DIVL (76.2% of the fund), and 28 for DIVL that do not appear in PVAL (72.6%).
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 DIVL | Weight in PVAL | Difference |
|---|---|---|---|
| XOMExxonmobil Corp. | 5.26% | 3.76% | 1.50% |
| KOCoca Cola Co. | 3.00% | 2.94% | 0.06% |
| ABBVAbbvie Inc. | 3.80% | 1.94% | 1.86% |
| COPConocophillips Common Stock USD 0.01 | 3.56% | 2.00% | 1.56% |
| BACBank of America Corp.: Financials | 2.64% | 2.69% | 0.05% |
| NEENextera Energy Inc | 3.58% | 1.74% | 1.84% |
| SCHWSchwab Strategic T | 1.50% | 3.24% | 1.74% |
| PLDPrologis Inc | 2.74% | 1.83% | 0.91% |
26.1% of DIVL is already inside PVAL.
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, DIVL or PVAL?
DIVL has an expense ratio of 0.65% while PVAL charges 0.55%. PVAL is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, DIVL or PVAL?
Over the past year DIVL returned +12.67% vs +27.77% for PVAL, so PVAL leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIVL or PVAL?
DIVL has been the more volatile fund at 12.0% annualized versus 11.5% for PVAL. Worst drawdown: DIVL -14.1% vs PVAL -15.4%.
Should I hold both DIVL and PVAL?
DIVL and PVAL have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between DIVL and PVAL?
26.1% of DIVL's money is in holdings PVAL also owns. 20.1% of PVAL's is in holdings DIVL also owns. They hold 8 positions in common, counted across the 37 positions we hold weights for in DIVL and 45 in PVAL.
Which pays a higher dividend, DIVL or PVAL?
DIVL yields 1.83% while PVAL yields 0.92%, so DIVL currently pays the higher dividend yield.
Is PVAL better than DIVL?
PVAL has a lower expense ratio. PVAL led over 1Y, 3Y and the full window. DIVL is less concentrated, with 41.2% 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.