DVND vs PVAL
Touchstone Dividend Select ETF vs Putnam Focused Large Cap Value ETF
Which is better, DVND or PVAL?
PVAL has been ahead.
DVND has a lower expense ratio. PVAL led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. DVND is less concentrated, with 28.8% 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 | DVND | PVAL |
|---|---|---|
| Expense Ratio | 0.50%Best | 0.55% |
| AUM | $54M | $14.9B |
| Dividend Yield | 1.81% | 0.92% |
| Holdings | 112 | 93 |
| YTD Return | +11.56% | +17.95%Best |
| 1Y Return | +14.57% | +27.77%Best |
| 3Y Return (annualized) | +17.34% | +24.11%Best |
| 5Y Return (annualized) | - | +16.54% |
| Volatility (annualized) | 13.2%Best | 13.9% |
| Max Drawdown | -14.8%Best | -15.4% |
| $10,000 over 4.2 years | $16,802 | $21,915Best |
| Top 10 Weight | 28.8%Best | 42.7% |
| Fund Family | Touchstone Investments | Putnam Investments |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Aug 2, 2022 | May 25, 2021 |
Volatility and max drawdown, and the $10,000 over 4.2 years row, are measured over the window both funds cover: Aug 4, 2022 to Oct 14, 2026 (4.2 years).
DVND 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 4.2 years both funds cover.
DVND vs PVAL Performance
Touchstone Dividend Select ETF (DVND) is an ETF from Touchstone Investments and Putnam Focused Large Cap Value ETF (PVAL) is an ETF from Putnam Investments. Over the past year DVND returned +14.57% while PVAL returned +27.77%. Year to date, DVND is up 11.56% versus a gain of 17.95% for PVAL.
Over three years, DVND compounded at +17.34% per year against +24.11% for PVAL. Across the full 4-year window we track, PVAL has the edge at +20.54% annualized vs +13.15%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PVAL has been the more volatile fund, with annualized monthly volatility of 13.9% compared with 13.2% for DVND. 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 -14.8% for DVND 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DVND charges 0.50% per year while PVAL charges 0.55%. On a $10,000 position that is $50 vs $55 annually, a gap of $5 per year that compounds over a long holding period. On income, DVND currently yields 1.81% against 0.92% for PVAL.
Holdings Overlap
24.5% of DVND's money is in holdings PVAL also owns. 40.0% of PVAL's money is in holdings DVND also owns.
The two portfolios partly overlap.
11 positions in common, counted across the 56 positions we hold weights for in DVND and 45 in PVAL, against full books of 112 and 93.
What only one of them owns
Our book lists 31 positions for PVAL that do not appear in our book for DVND (56.3% of the fund), and 45 for DVND that do not appear in PVAL (75.4%).
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 DVND | Weight in PVAL | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.29% | 9.26% | 3.97% |
| AAPLApple, Inc | 3.10% | 6.69% | 3.59% |
| AMZNAmazon.Com Inc | 1.74% | 4.70% | 2.96% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 2.46% | 3.76% | 1.30% |
| CSCOCisco Systems Inc. - Ordinary Shares | 2.00% | 2.88% | 0.88% |
| SCHWCharles Schwab Corp. | 1.64% | 3.24% | 1.60% |
| PMPhilip Morris International Inc. | 2.11% | 2.64% | 0.53% |
| BACBank Of America Corp. | 1.79% | 2.69% | 0.90% |
| UNHUnited Healthcare Corp. | 1.54% | 2.22% | 0.68% |
| GSGoldman Sachs Group Inc. | 1.38% | 1.01% | 0.37% |
40.0% of PVAL is already inside DVND.
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, DVND or PVAL?
DVND has an expense ratio of 0.50% while PVAL charges 0.55%. DVND is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, DVND or PVAL?
Over the past year DVND returned +14.57% vs +27.77% for PVAL, so PVAL leads on 1-year performance. Over the longest common window we track (4 years), DVND annualized +13.15% vs +20.54% for PVAL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DVND or PVAL?
PVAL has been the more volatile fund at 13.9% annualized versus 13.2% for DVND. Worst drawdown: DVND -14.8% vs PVAL -15.4%.
Should I hold both DVND and PVAL?
DVND and PVAL have a monthly-return correlation of 0.94, 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 DVND and PVAL?
40.0% of PVAL's money is in holdings DVND also owns. 40.0% of PVAL's is in holdings DVND also owns. They hold 11 positions in common, counted across the 56 positions we hold weights for in DVND and 45 in PVAL.
Which pays a higher dividend, DVND or PVAL?
DVND yields 1.81% while PVAL yields 0.92%, so DVND currently pays the higher dividend yield.
Is PVAL better than DVND?
DVND has a lower expense ratio. PVAL led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. DVND is less concentrated, with 28.8% 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.