PVAL vs SASS
Putnam Focused Large Cap Value ETF vs M.D. Sass Concentrated Value ETF
Which is better, PVAL or SASS?
PVAL costs less.
PVAL has a lower expense ratio. PVAL is less concentrated, with 42.7% of the fund in its ten largest positions against 57.2%.
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 | SASS |
|---|---|---|
| Expense Ratio | 0.55%Best | 0.75% |
| AUM | $14.9B | $76M |
| Dividend Yield | 0.92% | 0.00% |
| Holdings | 93 | 24 |
| YTD Return | +17.95%Best | -7.30% |
| 1Y Return | +27.77% | - |
| 3Y Return (annualized) | +24.11% | - |
| 5Y Return (annualized) | +16.54% | - |
| Top 10 Weight | 42.7%Best | 57.2% |
| Fund Family | Putnam Investments | MD Sass |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | May 25, 2021 | Mar 4, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
PVAL vs SASS 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.
PVAL vs SASS Performance
Putnam Focused Large Cap Value ETF (PVAL) is an ETF from Putnam Investments and M.D. Sass Concentrated Value ETF (SASS) is an ETF from MD Sass. Year to date, PVAL is up 17.95% versus a loss of 7.30% for SASS.
Past performance does not guarantee future results.
Fees and Cost Over Time
PVAL charges 0.55% per year while SASS charges 0.75%. On a $10,000 position that is $55 vs $75 annually, a gap of $20 per year that compounds over a long holding period. On income, PVAL currently yields 0.92% against 0.00% for SASS.
Holdings Overlap
6.9% of PVAL's money is in holdings SASS also owns. 11.7% of SASS's money is in holdings PVAL also owns.
SASS and PVAL share little of their money.
2 positions in common, counted across the 45 positions we hold weights for in PVAL and 22 in SASS, against full books of 93 and 24.
What only one of them owns
Measured across the 45 and 22 positions we hold weights for.
PVAL holds 40 positions SASS does not, 89.4% of the fund.
Largest: MSFT 9.26%, AAPL 6.69%, XOM 3.76%, C 3.24%, SCHW 3.24%
You are not choosing between two funds in isolation.
Whichever of PVAL and SASS you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PVAL or SASS?
PVAL has an expense ratio of 0.55% while SASS charges 0.75%. PVAL is the cheaper option, by $20 a year on a $10,000 investment.
What is the holdings overlap between PVAL and SASS?
11.7% of SASS's money is in holdings PVAL also owns. 11.7% of SASS's is in holdings PVAL also owns. They hold 2 positions in common, counted across the 45 positions we hold weights for in PVAL and 22 in SASS.
Which pays a higher dividend, PVAL or SASS?
PVAL yields 0.92% while SASS yields 0.00%, so PVAL currently pays the higher dividend yield.
Is SASS better than PVAL?
PVAL has a lower expense ratio. PVAL is less concentrated, with 42.7% of the fund in its ten largest positions against 57.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.