PVAL vs. HDV
Compare and contrast key facts about Putnam Focused Large Cap Value ETF (PVAL) and iShares Core High Dividend ETF (HDV).
PVAL and HDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PVAL is an actively managed fund by Putnam. It was launched on May 25, 2021. HDV is a passively managed fund by iShares that tracks the performance of the Morningstar Dividend Yield Focus Index. It was launched on Mar 29, 2011.
Performance
PVAL vs. HDV - Performance Comparison
Loading graphics...
PVAL vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PVAL Putnam Focused Large Cap Value ETF | 1.82% | 24.13% | 19.30% | 18.41% | -2.61% | 11.44% |
HDV iShares Core High Dividend ETF | 12.30% | 11.90% | 14.16% | 1.72% | 7.05% | 5.90% |
Returns By Period
In the year-to-date period, PVAL achieves a 1.82% return, which is significantly lower than HDV's 12.30% return.
PVAL
- 1D
- 2.05%
- 1M
- -4.23%
- YTD
- 1.82%
- 6M
- 9.15%
- 1Y
- 23.20%
- 3Y*
- 20.23%
- 5Y*
- —
- 10Y*
- —
HDV
- 1D
- 0.24%
- 1M
- -2.54%
- YTD
- 12.30%
- 6M
- 12.67%
- 1Y
- 15.69%
- 3Y*
- 13.97%
- 5Y*
- 11.18%
- 10Y*
- 9.52%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PVAL vs. HDV - Expense Ratio Comparison
PVAL has a 0.55% expense ratio, which is higher than HDV's 0.08% expense ratio.
Return for Risk
PVAL vs. HDV — Risk / Return Rank
PVAL
HDV
PVAL vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Focused Large Cap Value ETF (PVAL) and iShares Core High Dividend ETF (HDV). 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.
| PVAL | HDV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.45 | 1.24 | +0.21 |
Sortino ratioReturn per unit of downside risk | 2.00 | 1.70 | +0.30 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 1.65 | +0.42 |
Martin ratioReturn relative to average drawdown | 9.20 | 6.01 | +3.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PVAL | HDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 1.24 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.88 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 0.73 | +0.23 |
Correlation
The correlation between PVAL and HDV is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PVAL vs. HDV - Dividend Comparison
PVAL's dividend yield for the trailing twelve months is around 0.98%, less than HDV's 2.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PVAL Putnam Focused Large Cap Value ETF | 0.98% | 1.00% | 1.34% | 1.33% | 0.59% | 0.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HDV iShares Core High Dividend ETF | 2.92% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
Drawdowns
PVAL vs. HDV - Drawdown Comparison
The maximum PVAL drawdown since its inception was -16.64%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for PVAL and HDV.
Loading graphics...
Drawdown Indicators
| PVAL | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.64% | -37.04% | +20.40% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -10.04% | -1.90% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.04% | — |
Current DrawdownCurrent decline from peak | -5.33% | -2.58% | -2.75% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -3.09% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.88% | -0.20% |
Volatility
PVAL vs. HDV - Volatility Comparison
Putnam Focused Large Cap Value ETF (PVAL) has a higher volatility of 4.48% compared to iShares Core High Dividend ETF (HDV) at 2.94%. This indicates that PVAL's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PVAL | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 2.94% | +1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 8.51% | 7.06% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.14% | 12.79% | +3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.39% | 12.78% | +2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.39% | 15.70% | -0.31% |