PVAL vs. PLDR

Last updated Jun 25, 2026

PVAL (Putnam Focused Large Cap Value ETF) and PLDR (Putnam Sustainable Leaders ETF) are both exchange-traded funds - PVAL is a Large Cap Value Equities fund actively managed by Putnam, while PLDR is a Sustainable fund actively managed by Power Corporation of Canada. Both are actively managed. Over the past 5 years, PVAL returned 16.28%/yr vs 8.99%/yr for PLDR. A 0.79 correlation means they provide meaningful diversification when combined. PVAL charges 0.55%/yr vs 0.59%/yr for PLDR.

Performance

PVAL vs. PLDR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Focused Large Cap Value ETF (PVAL) and Putnam Sustainable Leaders ETF (PLDR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PVAL achieves a 12.41% return, which is significantly higher than PLDR's 1.69% return.

PVAL

• 1D: -0.49%
• 1M: 1.41%
• YTD: 12.41%
• 6M: 11.04%
• 1Y: 29.84%
• 3Y*: 23.14%
• 5Y*: 16.28%
• 10Y*: —

PLDR

• 1D: -0.32%
• 1M: -1.54%
• YTD: 1.69%
• 6M: 0.62%
• 1Y: 13.93%
• 3Y*: 17.17%
• 5Y*: 8.99%
• 10Y*: —

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

PVAL vs. PLDR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PVAL Putnam Focused Large Cap Value ETF	12.41%	24.13%	19.30%	18.41%	-2.61%	11.77%
PLDR Putnam Sustainable Leaders ETF	1.69%	12.03%	23.47%	27.47%	-22.52%	11.54%

Correlation

The correlation between PVAL and PLDR is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since May 26, 2021	0.79

The correlation between PVAL and PLDR has been stable across timeframes, ranging from 0.72 to 0.80 - a consistent structural relationship.

PVAL vs. PLDR - Sectors Allocation Comparison

Sectors	PVAL	PLDR
Technology	17.1%	38.3%
Financial Services	11.8%	9.9%
Industrials	11.4%	8.4%
Healthcare	10.2%	7.5%
Consumer Cyclical	9.9%	10.1%
Energy	7.3%	3.1%
Consumer Defensive	5.1%	5.3%
Basic Materials	4.6%	2.3%
Utilities	4.3%	3.4%
Communication Services	4.3%	11.1%
Real Estate	2.0%	0.6%

Return for Risk

PVAL vs. PLDR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PVAL

PVAL Risk / Return Rank: 87
PVAL Sharpe Ratio Rank: 90
PVAL Sortino Ratio Rank: 91
PVAL Omega Ratio Rank: 88
PVAL Calmar Ratio Rank: 84
PVAL Martin Ratio Rank: 85

PLDR

PLDR Risk / Return Rank: 35
PLDR Sharpe Ratio Rank: 39
PLDR Sortino Ratio Rank: 38
PLDR Omega Ratio Rank: 38
PLDR Calmar Ratio Rank: 28
PLDR Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PVAL vs. PLDR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Focused Large Cap Value ETF (PVAL) and Putnam Sustainable Leaders ETF (PLDR). 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	PLDR	Difference
Sharpe ratio: Return per unit of total volatility	2.70	1.25	+1.45
Sortino ratio: Return per unit of downside risk	3.79	1.79	+2.00
Omega ratio: Gain probability vs. loss probability	1.49	1.23	+0.26
Calmar ratio: Return relative to maximum drawdown	4.15	1.23	+2.92
Martin ratio: Return relative to average drawdown	15.71	4.62	+11.09

PVAL vs. PLDR - Sharpe Ratio Comparison

The current PVAL Sharpe Ratio is 2.70, which is higher than the PLDR Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of PVAL and PLDR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PVAL vs. PLDR - Drawdown Comparison

The maximum PVAL drawdown since its inception was -16.64%, smaller than the maximum PLDR drawdown of -29.58%. Use the drawdown chart below to compare losses from any high point for PVAL and PLDR.

Drawdown Indicators

	PVAL	PLDR	Difference
Max Drawdown Largest peak-to-trough decline	-16.64%	-29.58%	+12.94%
Max Drawdown (1Y) Largest decline over 1 year	-7.22%	-12.81%	+5.59%
Max Drawdown (3Y) Largest decline over 3 years	-15.42%	-23.00%	+7.58%
Max Drawdown (5Y) Largest decline over 5 years	-16.64%	-29.58%	+12.94%
Current Drawdown Current decline from peak	-1.56%	-3.21%	+1.65%
Average Drawdown Average peak-to-trough decline	-2.99%	-8.57%	+5.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	3.40%	-1.50%

Volatility

PVAL vs. PLDR - Volatility Comparison

Putnam Focused Large Cap Value ETF (PVAL) and Putnam Sustainable Leaders ETF (PLDR) have volatilities of 3.57% and 3.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PVAL	PLDR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.57%	3.62%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	8.61%	9.83%	-1.22%
Volatility (1Y) Calculated over the trailing 1-year period	11.13%	12.57%	-1.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.28%	17.10%	-1.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.22%	17.04%	-1.82%

PVAL vs. PLDR - Expense Ratio Comparison

PVAL has a 0.55% expense ratio, which is lower than PLDR's 0.59% expense ratio.

Dividends

PVAL vs. PLDR - Dividend Comparison

PVAL's dividend yield for the trailing twelve months is around 0.97%, more than PLDR's 0.37% yield.

Position	TTM	2025	2024	2023	2022	2021
PLDR Putnam Sustainable Leaders ETF	0.37%	0.37%	0.38%	0.56%	0.63%	0.39%
PVAL Putnam Focused Large Cap Value ETF	0.97%	1.00%	1.34%	1.33%	0.59%	0.47%

Frequently Asked Questions

Can I hold both PVAL and PLDR in my portfolio?

PVAL and PLDR have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PVAL or PLDR?

PLDR has higher volatility (3.62%) compared to PVAL (3.57%). In terms of maximum drawdown, PVAL dropped -16.64% vs PLDR's -29.58%.

Which ETF is better, PVAL or PLDR?

On 5-year performance, PVAL leads with 16.28% vs 8.99% for PLDR. On fees, PVAL is cheaper at 0.55% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PVAL or PLDR?

Over the 5-year period, PVAL has performed better with a 16.28% return vs 8.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PVAL or PLDR?

PVAL is cheaper with a 0.55% expense ratio, compared with 0.59% for PLDR.

Which ETF pays a higher dividend yield, PVAL or PLDR?

PVAL has the higher dividend yield at 0.97%, compared with 0.37% for PLDR.

What is the main difference between PVAL and PLDR?

PVAL is categorized as Large Cap Value Equities, while PLDR is Sustainable. They also come from different issuers: Putnam and Power Corporation of Canada. Their fees differ too: 0.55% for PVAL and 0.59% for PLDR.

Which has better risk-adjusted returns?

PVAL currently has the higher Sharpe Ratio (2.70 vs 1.25), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.