PVAL vs. VOO
Compare and contrast key facts about Putnam Focused Large Cap Value ETF (PVAL) and Vanguard S&P 500 ETF (VOO).
PVAL and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both PVAL and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PVAL or VOO.
Key characteristics
| PVAL | VOO | |
|---|---|---|
| YTD Return | 26.04% | 27.15% |
| 1Y Return | 38.72% | 39.90% |
| 3Y Return (Ann) | 13.82% | 10.28% |
| Sharpe Ratio | 3.31 | 3.15 |
| Sortino Ratio | 4.55 | 4.19 |
| Omega Ratio | 1.59 | 1.59 |
| Calmar Ratio | 5.42 | 4.60 |
| Martin Ratio | 23.25 | 21.00 |
| Ulcer Index | 1.63% | 1.85% |
| Daily Std Dev | 11.45% | 12.34% |
| Max Drawdown | -16.64% | -33.99% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PVAL and VOO is 0.85, 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.
Performance
PVAL vs. VOO - Performance Comparison
The year-to-date returns for both investments are quite close, with PVAL having a 26.04% return and VOO slightly higher at 27.15%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PVAL vs. VOO - Expense Ratio Comparison
PVAL has a 0.55% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
PVAL vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Focused Large Cap Value ETF (PVAL) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
PVAL vs. VOO - Dividend Comparison
PVAL's dividend yield for the trailing twelve months is around 1.41%, more than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PVAL Putnam Focused Large Cap Value ETF | 1.41% | 1.33% | 0.59% | 0.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
PVAL vs. VOO - Drawdown Comparison
The maximum PVAL drawdown since its inception was -16.64%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PVAL and VOO. For additional features, visit the drawdowns tool.
Volatility
PVAL vs. VOO - Volatility Comparison
Putnam Focused Large Cap Value ETF (PVAL) and Vanguard S&P 500 ETF (VOO) have volatilities of 3.97% and 3.95%, 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.