PVAL vs REVS
Putnam Focused Large Cap Value ETF vs Columbia Research Enhanced Value ETF
Which is better, PVAL or REVS?
Nearly the same fund. REVS costs less.
REVS has a lower expense ratio. PVAL led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97. REVS is less concentrated, with 33.6% 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 | PVAL | REVS |
|---|---|---|
| Expense Ratio | 0.55% | 0.19%Best |
| AUM | $14.9B | $370M |
| Dividend Yield | 0.92% | 1.84% |
| Holdings | 93 | 611 |
| YTD Return | +17.95% | +18.22%Best |
| 1Y Return | +27.77%Best | +23.33% |
| 3Y Return (annualized) | +24.11%Best | +20.60% |
| 5Y Return (annualized) | +16.54%Best | +12.45% |
| Volatility (annualized) | 14.6% | 14.2%Best |
| Max Drawdown | -16.6%Best | -18.0% |
| $10,000 over 5 years | $21,497Best | $17,980 |
| Top 10 Weight | 42.7% | 33.6%Best |
| Fund Family | Putnam Investments | Columbia Threadneedle Investments |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | May 25, 2021 | Sep 25, 2019 |
Volatility and max drawdown are measured over the window both funds cover: May 26, 2021 to Oct 14, 2026 (5.4 years).
PVAL vs REVS 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 5.4 years both funds cover.
PVAL vs REVS Performance
Putnam Focused Large Cap Value ETF (PVAL) is an ETF from Putnam Investments and Columbia Research Enhanced Value ETF (REVS) is an ETF from Columbia Threadneedle Investments. Over the past year PVAL returned +27.77% while REVS returned +23.33%. Year to date, PVAL is up 17.95% versus a gain of 18.22% for REVS.
Over three years, PVAL compounded at +24.11% per year against +20.60% for REVS; over five years the annualized figures are +16.54% and +12.45% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PVAL has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 14.2% for REVS. 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 -16.6% for PVAL and -18.0% for REVS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PVAL charges 0.55% per year while REVS charges 0.19%. On a $10,000 position that is $55 vs $19 annually, a gap of $36 per year that compounds over a long holding period. On income, PVAL currently yields 0.92% against 1.84% for REVS.
Holdings Overlap
51.0% of PVAL's money is in holdings REVS also owns. 33.6% of REVS's money is in holdings PVAL also owns.
The two portfolios partly overlap.
18 positions in common, counted across the 45 positions we hold weights for in PVAL and 298 in REVS, against full books of 93 and 611.
What only one of them owns
Our book lists 266 positions for REVS that do not appear in our book for PVAL (64.3% of the fund), and 24 for PVAL that do not appear in REVS (45.3%).
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 PVAL | Weight in REVS | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 9.26% | 7.16% | 2.10% |
| AAPLApple, Inc | 6.69% | 8.48% | 1.79% |
| BACBank Of America Corp. | 2.69% | 3.84% | 1.15% |
| CCitigroup, Inc. | 3.24% | 1.96% | 1.28% |
| SCHWCharles Schwab Corp. | 3.24% | 1.64% | 1.60% |
| CSCOCisco Systems Inc. - Ordinary Shares | 2.88% | 1.62% | 1.26% |
| GMGeneral Motors Co. | 2.34% | 1.47% | 0.87% |
| ALLAllstate Corp. | 2.85% | 0.67% | 2.18% |
| VLOValero Energy Corp. | 2.53% | 0.74% | 1.79% |
| COPConocophillips Co | 2.00% | 1.23% | 0.77% |
51.0% of PVAL is already inside REVS.
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, PVAL or REVS?
PVAL has an expense ratio of 0.55% while REVS charges 0.19%. REVS is the cheaper option, by $36 a year on a $10,000 investment.
Which performed better, PVAL or REVS?
Over the past year PVAL returned +27.77% vs +23.33% for REVS, so PVAL leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PVAL or REVS?
PVAL has been the more volatile fund at 14.6% annualized versus 14.2% for REVS. Worst drawdown: PVAL -16.6% vs REVS -18.0%.
Should I hold both PVAL and REVS?
PVAL and REVS have a monthly-return correlation of 0.97, 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 PVAL and REVS?
51.0% of PVAL's money is in holdings REVS also owns. 33.6% of REVS's is in holdings PVAL also owns. They hold 18 positions in common, counted across the 45 positions we hold weights for in PVAL and 298 in REVS.
Which pays a higher dividend, PVAL or REVS?
PVAL yields 0.92% while REVS yields 1.84%, so REVS currently pays the higher dividend yield.
Is REVS better than PVAL?
REVS has a lower expense ratio. PVAL led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97. REVS is less concentrated, with 33.6% 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.