- Issuer
- Putnam
- Inception Date
- May 25, 2021
- Region
- North America (U.S.)
- Category
- Large Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $13B
Highlights
- Avg. Volume (1M)
- 2M
- Avg. Volume Value (1M)
- $103.87M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
PVAL Performance Chart
Putnam Focused Large Cap Value ETF (PVAL) is up 17.8% since the beginning of the year. PVAL is currently trading at $53 per share. Investors who bought $1,000 worth of PVAL shares 5 years ago would now be looking at an investment worth $2,213.
Loading charts...
Compare this symbol against anything
Returns By Period
Putnam Focused Large Cap Value ETF (PVAL) has returned 17.84% so far this year and 35.15% over the past 12 months.
Putnam Focused Large Cap Value ETF
- 1D
- 0.06%
- 1M
- 3.62%
- 6M
- 13.49%
- YTD
- 17.84%
- 1Y
- 35.15%
- 3Y*
- 22.28%
- 5Y*
- 17.22%
- 10Y*
- —
- ALL TIME*
- 16.94%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
PVAL Monthly Returns History
Based on dividend-adjusted daily data since May 26, 2021, PVAL's average daily return is +0.07%, while the average monthly return is +1.38%. At this rate, an investment would double in approximately 4.2 years.
Historically, 67% of months were positive and 33% were negative. The best month was Oct 2022 with a return of +11.5%, while the worst month was Jun 2022 at -9.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PVAL closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +7.1%, while the worst single day was Apr 4, 2025 at -6.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.84% | 2.39% | -4.23% | 6.83% | 2.37% | 0.71% | 5.08% | 17.84% | |||||
| 2025 | 4.69% | 0.36% | -2.36% | -3.07% | 4.24% | 4.85% | 1.14% | 3.40% | 1.88% | 1.27% | 3.68% | 2.09% | 24.13% |
| 2024 | 1.36% | 5.27% | 6.52% | -2.52% | 3.70% | 0.81% | 3.06% | 0.99% | 0.76% | -0.79% | 6.24% | -6.81% | 19.30% |
| 2023 | 5.22% | -1.97% | -0.41% | 0.30% | -2.41% | 8.52% | 3.84% | -2.17% | -1.70% | -3.28% | 6.90% | 5.10% | 18.41% |
| 2022 | -3.10% | 0.36% | 3.88% | -7.06% | 3.27% | -9.45% | 7.01% | -0.72% | -8.28% | 11.51% | 7.00% | -4.60% | -2.61% |
| 2021 | 0.99% | -0.13% | 0.79% | 3.19% | -2.91% | 7.03% | -2.83% | 5.52% | 11.77% |
Benchmark Metrics
Putnam Focused Large Cap Value ETF has an annualized alpha of 6.94%, beta of 0.80, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since May 26, 2021.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (95.34%) than losses (72.10%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 6.94% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 6.94%
- Beta
- 0.80
- R²
- 0.79
- Upside Capture
- 95.34%
- Downside Capture
- 72.10%
Expense Ratio
PVAL has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PVAL ranks 94 for risk / return — above 94% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Putnam Focused Large Cap Value ETF (PVAL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PVAL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.54 | ||
| Sortino ratioReturn per unit of downside risk | +2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.25 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 4.60 | 2.00 | +2.60 |
| Martin ratioReturn relative to average drawdown | 17.86 | 8.49 | +9.37 |
Dividends
Dividend History
Putnam Focused Large Cap Value ETF provided a 0.90% dividend yield over the last twelve months, with an annual payout of $0.48 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.48 | $0.46 | $0.50 | $0.42 | $0.16 | $0.13 |
Dividend yield | 0.90% | 1.00% | 1.34% | 1.33% | 0.59% | 0.47% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam Focused Large Cap Value ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.13 | $0.27 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.10 | $0.00 | $0.11 | $0.46 |
| 2024 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.15 | $0.50 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.21 | $0.42 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2021 | $0.13 | $0.13 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Putnam Focused Large Cap Value ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Putnam Focused Large Cap Value ETF was 16.64%, occurring on Sep 30, 2022. Recovery took 84 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-16.64%Sep 2022 | 6mo 3d | 4mo 4d | 10mo 7dMar 2022 - Feb 2023 | Bear market2022 |
-15.42%Apr 2025 | 4mo 7d | 2mo 17d | 6mo 24dDec 2024 - Jun 2025 | 2025 selloff2025 |
-8.75%Mar 2023 | 1mo | 3mo | 4moFeb 2023 - Jun 2023 | — |
-8.67%Oct 2023 | 2mo 27d | 1mo 5d | 4mo 2dAug 2023 - Dec 2023 | — |
-7.63%Mar 2022 | 2mo 2d | 21d | 2mo 23dJan 2022 - Mar 2022 | Bear market2022 |
Drawdown Indicators
| PVAL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.64% | -56.78% | +40.14% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -9.10% | +1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -15.42% | -18.90% | +3.48% |
Max Drawdown (5Y)Largest decline over 5 years | -16.64% | -25.43% | +8.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.58% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -10.70% | +7.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 2.14% | -0.28% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with PVAL
Add Putnam Focused Large Cap Value ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with PVAL