PVAL vs. PGRI
PVAL (Putnam Focused Large Cap Value ETF) and PGRI (Putnam International Stock ETF) are both exchange-traded funds - PVAL is a Large Cap Value Equities fund actively managed by Putnam, while PGRI is a Actively Managed fund actively managed by Putnam. Both are actively managed. Their 0.66 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.55% expense ratio.
Performance
PVAL vs. PGRI - Performance Comparison
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Returns By Period
In the year-to-date period, PVAL achieves a 17.84% return, which is significantly higher than PGRI's 6.72% return.
PVAL
- 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%
PGRI
- 1D
- -0.41%
- 1M
- -2.38%
- 6M
- 1.75%
- YTD
- 6.72%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.11K | $2.77K | $13.96K | |
| $116.61M | $103.87M | $91.12M |
PVAL vs. PGRI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PVAL Putnam Focused Large Cap Value ETF | 17.84% | 6.36% |
PGRI Putnam International Stock ETF | 6.72% | -1.11% |
Correlation
The correlation between PVAL and PGRI is 0.66, 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 | 0.66 |
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Return for Risk
PVAL vs. PGRI — Risk / Return Rank
PVAL
PGRI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PVAL vs. PGRI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Focused Large Cap Value ETF (PVAL) and Putnam International Stock ETF (PGRI). 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.
| PVAL | PGRI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.54 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.60 | — | — |
| Martin ratioReturn relative to average drawdown | 17.86 | — | — |
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Drawdowns
PVAL vs. PGRI - Drawdown Comparison
The maximum PVAL drawdown since its inception was -16.64%, which is greater than PGRI's maximum drawdown of -12.87%. Use the drawdown chart below to compare losses from any high point for PVAL and PGRI.
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Drawdown Indicators
| PVAL | PGRI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.64% | -12.87% | -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 | 0.00% | -5.26% | +5.26% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -3.28% | +0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | — | — |
Volatility
PVAL vs. PGRI - Volatility Comparison
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Volatility by Period
| PVAL | PGRI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.24% | 20.69% | -9.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 20.69% | -5.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.14% | 20.69% | -5.55% |
PVAL vs. PGRI - Expense Ratio Comparison
Both PVAL and PGRI have an expense ratio of 0.55%.
Dividends
PVAL vs. PGRI - Dividend Comparison
PVAL's dividend yield for the trailing twelve months is around 0.90%, more than PGRI's 0.11% 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 | 0.90% | 1.00% | 1.34% | 1.33% | 0.59% | 0.47% |
Frequently Asked Questions
PVAL and PGRI have a correlation of 0.66, 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.
PVAL and PGRI have the same expense ratio: 0.55% per year.
PVAL has the higher dividend yield at 0.90%, compared with 0.11% for PGRI.
PVAL is categorized as Large Cap Value Equities, while PGRI is Actively Managed.
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