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AVLV vs PVAL

Avantis U.S. Large Cap Value ETF

AVLVANYSE Arca

Putnam Focused Large Cap Value ETF

PVALBNYSE Arca

Overlap

21.4%by weight

Expense ratio

AVLV −0.40pt a year

AVLV0.15%PVAL0.55%

Avg volume · 30D

PVAL 1.1×the volume

AVLV1.62MPVAL1.76M

5Y return · a year

PVAL +2.2pt

AVLV+14.0%PVAL+16.2%

AVLV vs PVAL Performance

Oct 29, 2021 – Oct 30, 2026

+92.3%AVLV+111.8%PVAL

Oct 29, 2021 to Oct 30, 2026. AVLV +92.3%. PVAL +111.8%. Use the arrow keys to read each point.0%25%50%75%Oct 2021Apr 2024Oct 2026
Expense ratio
AVLV 0.15%, better
PVAL 0.55%
Fund size
AVLV $22.6B
PVAL $15.5B
1Y total return
AVLV +31.0%, better
PVAL +28.0%
Yield (12M)
AVLV 1.09%, better
PVAL 0.87%
Holdings
AVLV 297
PVAL 49
Avg volume (30D)
AVLV 1.62M sh
PVAL 1.76M sh, better
NAV per share
AVLV $94.04
PVAL $54.68
52W range

ETF.net Grade

AVLV: Cost 98, Risk 59, Mission 87, Tradability 99, Holdings 75, Durability 85. PVAL: Cost 41, Risk 73, Mission 76, Tradability 71, Holdings 39, Durability 87.
Pillar letters and Scores for AVLV, PVAL, with each pillar’s weight
PillarAVLVPVAL
Cost30% weightA98HigherC41
Mission25% weightA87HigherA76
Risk15% weightB59A73Higher
Tradability15% weightA99HigherA71
Holdings10% weightA75HigherD39
Durability5% weightA85A87Higher

Rank among US Active Value funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. AVLV and PVAL are both graded against the same 64 US Active Value funds, so their Grades compare head to head.

US Active Value⁠

Category · 64 funds
See all 64 ›

AVLV ranks 1st and PVAL 27th of 64 funds in the US Active Value Category.

  1. Rank 1AAVLVAvantis U.S. Large Cap Value ETFScore 86
  2. Rank 1AWTVWisdomTree U.S. Value FundScore 86
  3. Rank 27BLVDSJPMorgan Fundamental Data Science Large Value ETFScore 56
  4. Rank 27BPVALPutnam Focused Large Cap Value ETFScore 56
  5. Rank 29CGVLUGotham 1000 Value ETFScore 54

Our read on each fund

ETF.net Research

AVLVAAvantis U.S. Large Cap Value ETF

PVALBPutnam Focused Large Cap Value ETF

In short

AVLV No data

PVAL One of the rare active ETFs that keeps most of its book private: about 40 large-cap value stocks, a daily tracking basket instead of daily holdings, and 0.55% net of a waiver through December 31, 2026.

Stated mandate

AVLV No data

PVAL The fund seeks capital growth and current income.

Why people hold it

AVLV No data

  • PVAL Concentrated by design: about 40 names, with at least 80% of net assets in large caps the size of Russell 1000 Value members.sec.gov
  • Semi-transparent wrapper: a tracking basket posts daily, the actual portfolio within eight business days after quarter-end, so the manager isn't telegraphing trades.franklintempleton.comsec.gov
  • Active stock picking at 0.55% (0.56% gross), net of a waiver through December 31, 2026, which lands near the category median fee.
  • The mandate pairs capital growth with current income, and this multi-billion-dollar fund pays quarterly.

Worth knowing

AVLV No data

  • PVAL You swap daily transparency for discretion: the tracking basket is not the real portfolio, and the prospectus flags wider spreads and larger premiums or discounts.sec.gov
  • Rules-based rivals run much cheaper: WTV at 0.12%, AVLV at 0.15%, DFLV at 0.21%, none leaning on a fee waiver.
  • About 40 holdings means one stock's move counts for more here than in a sprawling value index fund.

Full AVLV profile⁠

Full PVAL profile⁠

AVLV vs PVAL Holdings

How AVLV and PVAL differ

Overlap by weight

21.4%

Shared holdings make up 52.7% of PVAL and 23.3% of AVLV.

Level by level

  • Holdings22 in both21.4%
  • Sector11 Sectors70.2%
  • Countryby domicile98.4%
  • Asset classEquity100%

Sector

Sector weights in AVLV and PVAL, widest gap first
SectorMore in AVLVMore in PVAL
Health CarePVAL +10.6 points
TechnologyPVAL +10.6 points
FinancialsAVLV +7.3 points
CommunicationAVLV +6.5 points
IndustrialsAVLV +6.2 points
EnergyAVLV +5.1 points
Consumer DiscretionaryAVLV +4.6 points
UtilitiesPVAL +4.2 points
Consumer StaplesPVAL +2.2 points
Real EstatePVAL +1.9 points
MaterialsPVAL +0.4 points

Country, concentration and asset class

Country by domicile

Country weights in AVLV and PVAL, widest gap first
CountryMore in AVLVMore in PVAL
United KingdomPVAL +1.6 points
SwitzerlandAVLV +0.7 points
Other countries (4)AVLV +0.9 points

Concentration

Weight in the 10 largest Holdings

  • AVLV26.7%
  • PVAL44.6%

Securities held

  • AVLV297
  • PVAL48

Asset class

AVLV
Equity
PVAL
Equity

Holdings

  • Only in AVLV275
  • In both22
  • Only in PVAL26

Only in AVLV

275 securities, 76.7% of AVLV by weight

  • Micron Technology Inc Common Stock USD.12.95%
  • Meta Platforms Inc Class A Common Stock USD.0000062.90%
  • JPMorgan Chase & Co Common Stock USD1.02.71%

Only in PVAL

26 securities, 46.1% of PVAL by weight

  • Citigroup Inc3.25%
  • Coca-Cola Co/The2.91%
  • Cisco Systems Inc2.86%

Weight gaps

All 22 Holdings in both funds, largest gap first.

Holding weights in AVLV and PVAL, widest gap first
HoldingMore in AVLVMore in PVAL
Microsoft Corp Common Stock USD.00000625MSFTPVAL +6.10 points
Apple Inc Common Stock USD.00001AAPLPVAL +4.32 points
Freeport Mcmoran Inc Common Stock USD.1FCXPVAL +2.27 points
Valero Energy Corp Common Stock USD.01VLOPVAL +2.19 points
Southwest Airlines Co Common Stock USD1.0LUVPVAL +2.11 points
Schwab (Charles) Corp Common Stock USD.01SCHWPVAL +1.97 points
Amazon.com Inc Common Stock USD.01AMZNPVAL +1.82 points
Allstate Corp Common Stock USD.01ALLPVAL +1.60 points

All 303 AVLV holdings⁠All 45 PVAL holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AVLV vs PVAL Cost

Overpaying PVAL vs AVLV

$7,767

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

  • AVLV 0.15%

    $3,137

  • PVAL 0.55%

    $10,904

$10,000
30 years

Cost over time

  • AVLV 0.15%
  • PVAL 0.55%
  • 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$12.5K051015202530PVAL $10,904AVLV $3,137

Year by year

YearAVLVPVALOverpaying
10$274$988$714
20$1,071$3,790$2,719
30$3,137$10,904$7,767

Expense ratio

  • 0.15%AVLV, cheaper
  • 0.55%PVAL
  • Middle half of US Active Value funds
  • Median 0.54%

AVLV 2nd cheapest of 64 funds

PVAL 34th cheapest of 64 funds

AVLV vs PVAL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AVLV 1.09%, better
PVAL 0.87%
Payout (12M)
AVLV $1.03
PVAL $0.47
Last payment
AVLV $0.23
PVAL $0.10
Ex-dividend
AVLV Sep 8, 2026
PVAL Oct 6, 2026
Paid on
AVLV Sep 10, 2026
PVAL Oct 14, 2026
Frequency
AVLV Quarterly
PVAL Quarterly

Distribution history

Per share, 2021 to 2026, same scale for both

AVLVQuarterly · 20 paymentsAll AVLV payments⁠
One bar per payment. 20 payments from 2021 to 2026 YTD. Dec 16, 2021 $0.16; Mar 22, 2022 $0.22; Jun 21, 2022 $0.22; Sep 20, 2022 $0.26; Dec 15, 2022 $0.30; Mar 23, 2023 $0.28; Jun 20, 2023 $0.25; Sep 21, 2023 $0.23; Dec 18, 2023 $0.30; Mar 21, 2024 $0.22; Jun 24, 2024 $0.26; Sep 23, 2024 $0.27; Dec 17, 2024 $0.30; Mar 25, 2025 $0.27; Jun 24, 2025 $0.28; Sep 23, 2025 $0.18; Dec 16, 2025 $0.28; Mar 10, 2026 $0.23; Jun 9, 2026 $0.28; Sep 8, 2026 $0.23. Use the arrow keys to read each point.$0$0.2520232026YTD
PVALQuarterly · 17 paymentsAll PVAL payments⁠
One bar per payment. 17 payments from 2021 to 2026 YTD. Dec 6, 2021 $0.13; Dec 6, 2022 $0.15; Dec 27, 2022 $0.01; Jun 6, 2023 $0.10; Sep 7, 2023 $0.11; Dec 6, 2023 $0.21; Mar 6, 2024 $0.11; Jun 6, 2024 $0.11; Sep 6, 2024 $0.12; Dec 5, 2024 $0.15; Apr 4, 2025 $0.10; Jul 7, 2025 $0.14; Oct 6, 2025 $0.10; Dec 19, 2025 $0.11; Apr 7, 2026 $0.14; Jul 7, 2026 $0.13; Oct 6, 2026 $0.10. Use the arrow keys to read each point.$0$0.2520232026YTD

AVLV vs PVAL Risk

Fall from peak · 5 years

  • AVLV
  • PVAL
Oct 29, 2021 to Oct 30, 2026. Worst fall: AVLV −19.5% · Apr 2025. Use the arrow keys to read each point.−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
AVLV 12.9%PVAL 11.3%, better
Return per unit of riskSharpe ratio, 3 years
AVLV 1.45PVAL 1.74, better
Worst fallMax drawdown, 5 years
AVLV −19.5%PVAL −16.7%, better
Market sensitivityBeta, 5 years
AVLV 0.88PVAL 0.74

AVLV and PVAL in the news

All news⁠

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