PGRI vs. BVAL

Last updated Jul 31, 2026

PGRI (Putnam International Stock ETF) and BVAL (Bluemonte Large Cap Value ETF) are both exchange-traded funds - PGRI is a Actively Managed fund actively managed by Putnam, while BVAL is a Large Cap Value Equities fund actively managed by Bluemonte. Both are actively managed. Their 0.75 correlation means they have sometimes moved together and sometimes differently. PGRI charges 0.55%/yr vs 0.24%/yr for BVAL.

Performance

PGRI vs. BVAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam International Stock ETF (PGRI) and Bluemonte Large Cap Value ETF (BVAL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PGRI achieves a 7.16% return, which is significantly lower than BVAL's 13.72% return.

PGRI

• 1D: 3.17%
• 1M: -3.86%
• 6M: 1.04%
• YTD: 7.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BVAL

• 1D: 0.83%
• 1M: 0.73%
• 6M: 9.97%
• YTD: 13.72%
• 1Y: 22.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BVAL Bluemonte Large Cap Value ETF	$702.06K	$652.48K	$1.01M
PGRI Putnam International Stock ETF	$3.11K	$3.31K	$14.19K

PGRI vs. BVAL - Yearly Performance Comparison

	2026 (YTD)	2025
PGRI Putnam International Stock ETF	7.16%	-1.11%
BVAL Bluemonte Large Cap Value ETF	13.72%	2.59%

Correlation

The correlation between PGRI and BVAL is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	0.75

Return for Risk

PGRI vs. BVAL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PGRI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BVAL

BVAL Risk / Return Rank: 88
BVAL Sharpe Ratio Rank: 89
BVAL Sortino Ratio Rank: 88
BVAL Omega Ratio Rank: 87
BVAL Calmar Ratio Rank: 86
BVAL Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PGRI vs. BVAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam International Stock ETF (PGRI) and Bluemonte Large Cap Value ETF (BVAL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	PGRI	BVAL	Difference
Sharpe ratio: Return per unit of total volatility	—	2.14	—
Sortino ratio: Return per unit of downside risk	—	3.00	—
Omega ratio: Gain probability vs. loss probability	—	1.38	—
Calmar ratio: Return relative to maximum drawdown	—	3.32	—
Martin ratio: Return relative to average drawdown	—	13.98	—

Drawdowns

PGRI vs. BVAL - Drawdown Comparison

The maximum PGRI drawdown since its inception was -12.87%, which is greater than BVAL's maximum drawdown of -6.69%. Use the drawdown chart below to compare losses from any high point for PGRI and BVAL.

Drawdown Indicators

	PGRI	BVAL	Difference
Max Drawdown Largest peak-to-trough decline	-12.87%	-6.69%	-6.18%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.69%	—
Current Drawdown Current decline from peak	-4.87%	-0.50%	-4.37%
Average Drawdown Average peak-to-trough decline	-3.27%	-0.87%	-2.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.59%	—

Volatility

Volatility by Period

	PGRI	BVAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.54%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.88%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.74%	10.41%	+10.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.74%	10.19%	+10.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.74%	10.19%	+10.55%

PGRI vs. BVAL - Expense Ratio Comparison

PGRI has a 0.55% expense ratio, which is higher than BVAL's 0.24% expense ratio.

Dividends

PGRI vs. BVAL - Dividend Comparison

PGRI's dividend yield for the trailing twelve months is around 0.11%, less than BVAL's 1.32% yield.

Position	TTM	2025
BVAL Bluemonte Large Cap Value ETF	1.32%	0.73%
PGRI Putnam International Stock ETF	0.11%	0.12%

Frequently Asked Questions

Can I hold both PGRI and BVAL in my portfolio?

PGRI and BVAL have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PGRI or BVAL?

On fees, BVAL is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PGRI or BVAL?

BVAL is cheaper with a 0.24% expense ratio, compared with 0.55% for PGRI.

Which ETF pays a higher dividend yield, PGRI or BVAL?

BVAL has the higher dividend yield at 1.32%, compared with 0.11% for PGRI.

What is the main difference between PGRI and BVAL?

PGRI is categorized as Actively Managed, while BVAL is Large Cap Value Equities. They also come from different issuers: Putnam and Bluemonte. Their fees differ too: 0.55% for PGRI and 0.24% for BVAL.