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Launched · SEC filings

Pzena U.S. Large Cap Value ETF

PZLVNYSE ArcaPzenaC

$31.540.00 (+0.01%)

As of Nov 2, 2026, 10:00 AM ET

C39/ 100

Rank 46 of 66 in US Active Value

C39/100Rank 46 of 66inUS Active Value
Intraday session: up, 1 prints from 31.54 to 31.54. Range 31.54 to 31.54. Use the arrow keys to read each point.31.5431.5431.5510 AM12 PM2 PM4 PM
Expense ratio
0.60%
Fund size
$72M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
41
Avg volume · 30D
1.52K sh
52W range
low $24.99high $32.12
Launched
Filings
SEC EDGAR

The ETF.net PZLV Grade

Based on 5 of 6 pillars

C

Score 39 out of 100

Category
US Active Value⁠
Rank
46 of 66
Six-pillar profile for PZLV. Scores out of 100: Cost 25, Risk 76, Mission not scored, Tradability 35, Holdings 45, Durability 18. Strongest: Risk (76). Weakest: Durability (18). Based on 5 of 6 pillars.

Score 39 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25. The letter stays C for now. A new letter must hold for 3 published runs before it replaces it.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D25 out of 100
    Rank 49 of 66

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A76 out of 100
    Rank 5 of 65

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D35 out of 100
    Rank 49 of 66

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C45 out of 100
    Rank 45 of 66

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F18 out of 100
    Rank 65 of 66

Our read on PZLV

ETF.net Research

In short

CPzena has run classic value money for institutions for years; PZLV puts that discipline in an ETF. Bottom-up research on beaten-down U.S. large caps, with the Russell 1000 Value as a yardstick rather than a blueprint.

Stated mandate

The Fund seeks long-term capital appreciation. It primarily invests in U.S. large-cap value stocks selected through fundamental, bottom-up research and a classic value approach.

Why people hold it

  • Genuinely active: holdings come from fundamental, bottom-up research on U.S. large-cap value names, with the Russell 1000 Value as the benchmark, not the blueprint.
  • A value specialist, not a generalist bolting on a value sleeve. Research-driven deep value across U.S. and international mandates is the firm's core business.preqin.com
  • Plain plumbing: a U.S. stock portfolio in a standard ETF wrapper. No leverage, no derivatives overlay, no structural quirks flagged.

Worth knowing

  • At 0.60% a year it runs above the typical fund in its value peer group and multiples of index-built rivals like AVLV (0.15%) and DFLV (0.21%). Human research costs money.
  • Launched in 2026, so the live record is short, and lightly traded shares can mean wider gaps between bid and ask. Watch the spread when you trade.
  • The stated goal is long-term capital appreciation, not income. This is a total-return vehicle rather than a dividend stream.

PZLV Performance

Launched Mar 31, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
PZLV$10,321
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. PZLV $10,321. SPY $10,141. Use the arrow keys to read each point.$9,750$10,000$10,250$10,500Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for PZLV. Periods over one year show the average yearly return.
PeriodPZLV
Year to dateFund launched this yearNo data
1 month+5.6%
3 months+3.2%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PZLV
YearReturn barPZLV
2026 YTD+25.5%

History from Apr 1, 2026

PZLV in the news

PZLV Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed Mar 2026. No distributions yet.

PZLV Risk

Risk pillarA76 out of 100Rank 5 of 65 in US Active Value
How much the fund’s monthly returns vary, scaled to a year.
Launched Mar 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
Launched Mar 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
Launched Mar 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−0.30
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

PZLV Cost

Compare PZLV and WTV

Overpaying vs WTV, cheapest in US Active Value

$9,297

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PZLV 0.60%

    $11,817

  • WTV 0.12% Cheapest

    $2,520

$10,000
30 years

Cost over time

  • PZLV 0.60%
  • WTV 0.12%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530PZLV $11,817WTV $2,520

Year by year

YearPZLVWTVOverpaying
10$1,076$220$856
20$4,116$859$3,257
30$11,817$2,520$9,297

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