Correlation
The correlation between PVAL and TCAF is 0.79, 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.
PVAL vs. TCAF
Compare and contrast key facts about Putnam Focused Large Cap Value ETF (PVAL) and T. Rowe Price Capital Appreciation Equity ETF (TCAF).
PVAL and TCAF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PVAL is a passively managed fund by Power Corporation of Canada that tracks the performance of the Russell 1000 Value. It was launched on May 25, 2021. TCAF is an actively managed fund by T. Rowe Price. It was launched on Jun 14, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PVAL or TCAF.
Performance
PVAL vs. TCAF - Performance Comparison
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Key characteristics
PVAL:
0.54
TCAF:
0.66
PVAL:
0.91
TCAF:
1.15
PVAL:
1.13
TCAF:
1.17
PVAL:
0.64
TCAF:
0.80
PVAL:
2.30
TCAF:
3.20
PVAL:
4.30%
TCAF:
4.12%
PVAL:
17.14%
TCAF:
18.11%
PVAL:
-16.64%
TCAF:
-16.37%
PVAL:
-2.50%
TCAF:
-1.96%
Returns By Period
In the year-to-date period, PVAL achieves a 4.63% return, which is significantly higher than TCAF's 2.04% return.
PVAL
4.63%
3.36%
-1.61%
9.27%
14.28%
N/A
N/A
TCAF
2.04%
4.43%
-0.91%
11.79%
N/A
N/A
N/A
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PVAL vs. TCAF - Expense Ratio Comparison
PVAL has a 0.55% expense ratio, which is higher than TCAF's 0.31% expense ratio.
Risk-Adjusted Performance
PVAL vs. TCAF — Risk-Adjusted Performance Rank
PVAL
TCAF
PVAL vs. TCAF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Focused Large Cap Value ETF (PVAL) and T. Rowe Price Capital Appreciation Equity ETF (TCAF). 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.
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Dividends
PVAL vs. TCAF - Dividend Comparison
PVAL's dividend yield for the trailing twelve months is around 1.26%, more than TCAF's 0.43% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
PVAL Putnam Focused Large Cap Value ETF | 1.26% | 1.34% | 1.33% | 0.59% | 0.47% |
TCAF T. Rowe Price Capital Appreciation Equity ETF | 0.43% | 0.44% | 0.26% | 0.00% | 0.00% |
Drawdowns
PVAL vs. TCAF - Drawdown Comparison
The maximum PVAL drawdown since its inception was -16.64%, roughly equal to the maximum TCAF drawdown of -16.37%. Use the drawdown chart below to compare losses from any high point for PVAL and TCAF.
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Volatility
PVAL vs. TCAF - Volatility Comparison
Putnam Focused Large Cap Value ETF (PVAL) and T. Rowe Price Capital Appreciation Equity ETF (TCAF) have volatilities of 4.27% and 4.37%, 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.
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