PGRI vs. PVAL
PGRI (Putnam International Stock ETF) and PVAL (Putnam Focused Large Cap Value ETF) are both exchange-traded funds - PGRI is a Actively Managed fund actively managed by Putnam, while PVAL is a Large Cap Value Equities fund actively managed by Putnam. Both are actively managed. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.55% expense ratio.
Performance
PGRI vs. PVAL - Performance Comparison
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Returns By Period
In the year-to-date period, PGRI achieves a 8.61% return, which is significantly lower than PVAL's 13.74% return.
PGRI
- 1D
- 0.26%
- 1M
- 0.82%
- 6M
- 6.03%
- YTD
- 8.61%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PVAL
- 1D
- 0.41%
- 1M
- 1.92%
- 6M
- 11.27%
- YTD
- 13.74%
- 1Y
- 28.00%
- 3Y*
- 22.66%
- 5Y*
- 16.46%
- 10Y*
- —
PGRI vs. PVAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PGRI Putnam International Stock ETF | 8.61% | -1.11% |
PVAL Putnam Focused Large Cap Value ETF | 13.74% | 6.36% |
Correlation
The correlation between PGRI and PVAL is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025 | 0.68 |
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Return for Risk
PGRI vs. PVAL — Risk / Return Rank
PGRI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PVAL
PGRI vs. PVAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam International Stock ETF (PGRI) and Putnam Focused Large Cap Value ETF (PVAL). 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 | PVAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.46 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.89 | — |
| Martin ratioReturn relative to average drawdown | — | 14.65 | — |
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Drawdowns
PGRI vs. PVAL - Drawdown Comparison
The maximum PGRI drawdown since its inception was -12.87%, smaller than the maximum PVAL drawdown of -16.64%. Use the drawdown chart below to compare losses from any high point for PGRI and PVAL.
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Drawdown Indicators
| PGRI | PVAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.87% | -16.64% | +3.77% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.22% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.42% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.64% | — |
Current DrawdownCurrent decline from peak | -3.58% | -0.59% | -2.99% |
Average DrawdownAverage peak-to-trough decline | -3.04% | -2.98% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.92% | — |
Volatility
PGRI vs. PVAL - Volatility Comparison
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Volatility by Period
| PGRI | PVAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.44% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.59% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.77% | 11.11% | +9.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.77% | 15.26% | +5.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.77% | 15.19% | +5.58% |
PGRI vs. PVAL - Expense Ratio Comparison
Both PGRI and PVAL have an expense ratio of 0.55%.
Dividends
PGRI vs. PVAL - Dividend Comparison
PGRI's dividend yield for the trailing twelve months is around 0.11%, less than PVAL's 0.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
PGRI Putnam International Stock ETF | 0.11% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% |
PVAL Putnam Focused Large Cap Value ETF | 0.94% | 1.00% | 1.34% | 1.33% | 0.59% | 0.47% |
Frequently Asked Questions
PGRI and PVAL have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
PGRI and PVAL have the same expense ratio: 0.55% per year.
PVAL has the higher dividend yield at 0.94%, compared with 0.11% for PGRI.
PGRI is categorized as Actively Managed, while PVAL is Large Cap Value Equities.
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