PVAL vs. PLDR

Last updated Jul 15, 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. 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

PVAL

• 1D: -0.27%
• 1M: 0.95%
• 6M: 11.21%
• YTD: 14.14%
• 1Y: 27.70%
• 3Y*: 22.26%
• 5Y*: 16.80%
• 10Y*: —

PLDR

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 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	14.14%	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 0.69, 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	0.69
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 shifts across timeframes, from 0.69 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.

PVAL vs. PLDR - Sectors Allocation Comparison

Sectors	PVAL	PLDR
Technology	17.1%	38.3%
Financial Services	11.8%	9.9%
Healthcare	10.2%	7.5%
Consumer Cyclical	9.9%	10.1%
Industrials	9.3%	8.4%
Consumer Defensive	7.9%	5.3%
Energy	7.3%	3.1%
Basic Materials	6.6%	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: 89
PVAL Sharpe Ratio Rank: 92
PVAL Sortino Ratio Rank: 92
PVAL Omega Ratio Rank: 90
PVAL Calmar Ratio Rank: 86
PVAL Martin Ratio Rank: 87

PLDR

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

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	2.51	—	—
Sortino ratio: Return per unit of downside risk	3.52	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	3.85	—	—
Martin ratio: Return relative to average drawdown	14.51	—	—

Drawdowns

Drawdown Indicators

	PVAL	PLDR	Difference
Max Drawdown Largest peak-to-trough decline	-16.64%	—	—
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 Drawdown Current decline from peak	-0.27%	—	—
Average Drawdown Average peak-to-trough decline	-2.97%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	—	—

Volatility

Volatility by Period

	PVAL	PLDR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.10%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.26%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.17%	—	—

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 0.93%, while PLDR has not paid dividends to shareholders.

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	0.93%	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 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PVAL or PLDR?

On fees, PVAL is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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 0.93%, 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.