GVLE vs PVAL
Goldman Sachs Value Opportunities ETF vs Putnam Focused Large Cap Value ETF
Which is better, GVLE or PVAL?
PVAL has been ahead.
GVLE has a lower expense ratio. PVAL led over 1Y. PVAL is less concentrated, with 42.7% of the fund in its ten largest positions against 49.5%.
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 | GVLE | PVAL |
|---|---|---|
| Expense Ratio | 0.45%Best | 0.55% |
| AUM | $40M | $14.9B |
| Dividend Yield | 1.00% | 0.92% |
| Holdings | 62 | 93 |
| YTD Return | +17.21% | +17.95%Best |
| 1Y Return | +23.05% | +27.77%Best |
| 3Y Return (annualized) | - | +24.11% |
| 5Y Return (annualized) | - | +16.54% |
| Top 10 Weight | 49.5% | 42.7%Best |
| Fund Family | Goldman Sachs Asset Management | Putnam Investments |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jul 31, 2015 | May 25, 2021 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
GVLE 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
GVLE vs PVAL Performance
Goldman Sachs Value Opportunities ETF (GVLE) is an ETF from Goldman Sachs Asset Management and Putnam Focused Large Cap Value ETF (PVAL) is an ETF from Putnam Investments. Over the past year GVLE returned +23.05% while PVAL returned +27.77%. Year to date, GVLE is up 17.21% versus a gain of 17.95% for PVAL.
Past performance does not guarantee future results.
Fees and Cost Over Time
GVLE charges 0.45% per year while PVAL charges 0.55%. On a $10,000 position that is $45 vs $55 annually, a gap of $10 per year that compounds over a long holding period. On income, GVLE currently yields 1.00% against 0.92% for PVAL.
Holdings Overlap
40.2% of GVLE's money is in holdings PVAL also owns. 29.3% of PVAL's money is in holdings GVLE also owns.
The two portfolios partly overlap.
10 positions in common, counted across the 32 positions we hold weights for in GVLE and 45 in PVAL, against full books of 62 and 93.
What only one of them owns
Our book lists 32 positions for PVAL that do not appear in our book for GVLE (67.0% of the fund), and 21 for GVLE that do not appear in PVAL (55.4%).
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 GVLE | Weight in PVAL | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 9.29% | 9.26% | 0.03% |
| AMZNAmazon.Com Inc | 7.82% | 4.70% | 3.12% |
| TMOThermo Fisherscientific Inc. | 4.14% | 2.48% | 1.66% |
| COPConocophillips Common Stock USD 0.01 | 3.98% | 2.00% | 1.98% |
| BACBank of America Corp.: Financials | 2.74% | 2.69% | 0.05% |
| WMTWalmart, Inc. | 3.40% | 1.16% | 2.24% |
| NEENextera Energy Inc | 2.78% | 1.74% | 1.04% |
| COFCapital One Financial Corp. | 2.33% | 2.16% | 0.17% |
| AMDAdvanced Micro Devices Inc | 2.29% | 1.32% | 0.97% |
| PLDPrologis Inc | 1.44% | 1.83% | 0.39% |
40.2% of GVLE 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, GVLE or PVAL?
GVLE has an expense ratio of 0.45% while PVAL charges 0.55%. GVLE is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, GVLE or PVAL?
Over the past year GVLE returned +23.05% 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.
What is the holdings overlap between GVLE and PVAL?
40.2% of GVLE's money is in holdings PVAL also owns. 29.3% of PVAL's is in holdings GVLE also owns. They hold 10 positions in common, counted across the 32 positions we hold weights for in GVLE and 45 in PVAL.
Which pays a higher dividend, GVLE or PVAL?
GVLE yields 1.00% while PVAL yields 0.92%, so GVLE currently pays the higher dividend yield.
Is PVAL better than GVLE?
GVLE has a lower expense ratio. PVAL led over 1Y. PVAL is less concentrated, with 42.7% of the fund in its ten largest positions against 49.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.