Principal Value ETF (PY) belongs to the Large Cap Value Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with PY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PY
PY charges 0.15% annually. There are 17 ETFs in the Large Cap Value Equities category with lower expense ratios, going as low as 0.04%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Value ETF | 0.04% | 254.20B | Jan 2004 | PY vs VTV | |
| SPDR Portfolio S&P 500 Value ETF | 0.04% | 36.23B | Sep 2000 | PY vs SPYV | |
| iShares Core S&P U.S. Value ETF | 0.04% | 27.22B | Jul 2000 | PY vs IUSV | |
| iShares Morningstar Value ETF | 0.04% | 1.32B | Jun 2004 | PY vs ILCV | |
| Schwab U.S. Large-Cap Value ETF | 0.04% | 15.73B | Dec 2009 | PY vs SCHV |
Best Risk-Adjusted Alternatives to PY
PY has a PortfoliosLab risk / return rank of 71. There are 108 ETFs in the Large Cap Value Equities category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares MSCI USA Value Factor ETF | 97 | 9.07B | Apr 2013 | PY vs VLUE | |
| Invesco Large Cap Value ETF | 97 | 1.72B | Mar 2005 | PY vs PWV | |
| SEI QiM U.S. Large Cap Value Active ETF | 96 | 956.28M | May 2022 | PY vs SEIV | |
| iShares Russell Top 200 Value ETF | 96 | 3.98B | Sep 2009 | PY vs IWX | |
| VictoryShares Free Cash Flow ETF | 96 | 9.18B | Jun 2023 | PY vs VFLO |
Top Performing PY Alternatives (YTD)
PY is at 9.52% YTD. There are 124 ETFs in the Large Cap Value Equities category with higher YTD returns, going as high as 42.20%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| iShares MSCI USA Value Factor ETF | 42.20% | 9.07B | Apr 2013 | PY vs VLUE | |
| VictoryShares Free Cash Flow ETF | 27.47% | 9.18B | Jun 2023 | PY vs VFLO | |
| iShares Core Dividend ETF | 25.86% | 1.71B | Nov 2017 | PY vs DIVB | |
| Avantis U.S. Large Cap Value ETF | 23.60% | 17.85B | Sep 2021 | PY vs AVLV | |
| Fidelity Enhanced Large Cap Value ETF | 23.19% | 3.20B | Apr 2007 | PY vs FELV |
Lowest Volatility Alternatives to PY
PY has 10.56% 1-year volatility. There are 38 ETFs in the Large Cap Value Equities category with lower 1-year volatility, going as low as 4.04%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| KraneShares Wahed Alternative Income Index ETF | 4.04% | 60.32M | Oct 2025 | PY vs KWIN | |
| Franklin Income Equity Focus ETF | 8.40% | 135.67M | Sep 2016 | PY vs INCE | |
| Bahl & Gaynor Income Growth ETF | 8.91% | 342.03M | Sep 2023 | PY vs BGIG | |
| WisdomTree U.S. LargeCap Dividend Fund | 8.99% | 6.25B | Jun 2006 | PY vs DLN | |
| Absolute Select Value ETF | 9.12% | 143.00M | Jan 2020 | PY vs ABEQ |
Lowest Drawdown Alternatives to PY
PY has a 1-year max drawdown of -6.20%. There are 22 ETFs in the Large Cap Value Equities category with shallower 1-year drawdowns, going as shallow as -4.05%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco Large Cap Value ETF | -4.05% | 1.72B | Mar 2005 | PY vs PWV | |
| Morgan Dempsey Large Cap Value ETF | -4.27% | 32.39M | Apr 2023 | PY vs MDLV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -4.27% | 7.77B | Mar 2006 | PY vs FDL | |
| Franklin Income Equity Focus ETF | -4.90% | 135.67M | Sep 2016 | PY vs INCE | |
| Hartford US Value ETF | -4.93% | 49.18M | Dec 2023 | PY vs VMAX |
Other ETFs from Principal
The 10 most viewed Principal ETFs shown here include USMC, PREF, YLD and span 10 categories. AUM among these funds goes as high as $4B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Principal U.S. Mega-Cap ETF | Large Cap Blend Equities | 68 | 10.01% | 3.50B | Oct 2017 | PY vs USMC | |
| Principal Spectrum Preferred Secs Active ETF | Preferred Stock | 66 | 1.80% | 1.70B | Jul 2017 | PY vs PREF | |
| Principal Active High Yield ETF | High Yield Bonds | 63 | 3.49% | 572.20M | Jul 2015 | PY vs YLD | |
| Principal U.S. Small Cap Multi-Factor ETF | Small Cap Blend Equities, Multi-factor | 79 | 20.15% | 1.30B | Sep 2016 | PY vs PSC | |
| Principal Quality ETF | Quality Factor, Large Cap Growth Equities | 27 | 4.64% | 53.80M | Mar 2016 | PY vs PSET | |
| Principal Spectrum Preferred and Income ETF | Preferred Stock | 60 | 1.64% | 70.10M | Jun 2020 | PY vs PQDI | |
| Principal Investment Grade Corporate Active ETF | Corporate Bonds, Investment Grade Bonds | — | — | 133.79M | Apr 2018 | PY vs IG | |
| Principal Real Estate Active Opportunities ETF | REIT | 47 | 15.21% | 28.20M | May 2022 | PY vs BYRE | |
| Principal Focused Blue Chip ETF | Large Cap Growth Equities | 10 | 0.96% | 228.00M | Jul 2023 | PY vs BCHP | |
| Principal Capital Appreciation Select ETF | Large Cap Blend Equities | 67 | 12.05% | 194.16M | Mar 2025 | PY vs LCAP |
Often Compared With PY
Investors most often compare PY with SCHD, DJD, VOO. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare PY with Any Fund or Stock
Compare PY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PY with funds that move differently
Principal Value ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PY.
Explore PY Diversifiers