PVAL vs. WMFFX

Last updated Apr 1, 2026

Compare and contrast key facts about Putnam Focused Large Cap Value ETF (PVAL) and Washington Mutual Investors Fund Class F-2 (WMFFX).

PVAL is an actively managed fund by Putnam. It was launched on May 25, 2021. WMFFX is a passively managed fund by American Funds that tracks the performance of the S&P 500. It was launched on Aug 5, 2008.

Performance

PVAL vs. WMFFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Focused Large Cap Value ETF (PVAL) and Washington Mutual Investors Fund Class F-2 (WMFFX). The values are adjusted to include any dividend payments, if applicable.

PVAL vs. WMFFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PVAL Putnam Focused Large Cap Value ETF	1.82%	24.13%	19.30%	18.41%	-2.61%	11.44%
WMFFX Washington Mutual Investors Fund Class F-2	-5.23%	17.42%	19.24%	16.96%	-8.27%	11.67%

Returns By Period

In the year-to-date period, PVAL achieves a 1.82% return, which is significantly higher than WMFFX's -5.23% return.

PVAL

• 1D: 2.05%
• 1M: -4.23%
• YTD: 1.82%
• 6M: 9.15%
• 1Y: 23.20%
• 3Y*: 20.23%
• 5Y*: —
• 10Y*: —

WMFFX

• 1D: -0.03%
• 1M: -7.89%
• YTD: -5.23%
• 6M: -3.05%
• 1Y: 10.90%
• 3Y*: 15.34%
• 5Y*: 11.03%
• 10Y*: 11.98%

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

PVAL vs. WMFFX - Expense Ratio Comparison

PVAL has a 0.55% expense ratio, which is higher than WMFFX's 0.37% expense ratio.

PVAL

Putnam Focused Large Cap Value ETF

WMFFX

Washington Mutual Investors Fund Class F-2

Return for Risk

PVAL vs. WMFFX — Risk / Return Rank

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

PVAL

PVAL Risk / Return Rank: 81
PVAL Sharpe Ratio Rank: 80
PVAL Sortino Ratio Rank: 80
PVAL Omega Ratio Rank: 83
PVAL Calmar Ratio Rank: 80
PVAL Martin Ratio Rank: 84

WMFFX

WMFFX Risk / Return Rank: 38
WMFFX Sharpe Ratio Rank: 35
WMFFX Sortino Ratio Rank: 38
WMFFX Omega Ratio Rank: 38
WMFFX Calmar Ratio Rank: 37
WMFFX Martin Ratio Rank: 44

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. WMFFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Focused Large Cap Value ETF (PVAL) and Washington Mutual Investors Fund Class F-2 (WMFFX). 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.

	PVAL	WMFFX	Difference
Sharpe ratio Return per unit of total volatility	1.45	0.77	+0.67
Sortino ratio Return per unit of downside risk	2.00	1.21	+0.79
Omega ratio Gain probability vs. loss probability	1.31	1.18	+0.14
Calmar ratio Return relative to maximum drawdown	2.06	0.98	+1.08
Martin ratio Return relative to average drawdown	9.20	4.45	+4.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PVAL vs. WMFFX - Sharpe Ratio Comparison

The current PVAL Sharpe Ratio is 1.45, which is higher than the WMFFX Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of PVAL and WMFFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PVAL	WMFFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	0.77	+0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.79	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	0.57	+0.39

Correlation

The correlation between PVAL and WMFFX is 0.90, 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.

Dividends

PVAL vs. WMFFX - Dividend Comparison

PVAL's dividend yield for the trailing twelve months is around 0.98%, less than WMFFX's 10.88% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PVAL Putnam Focused Large Cap Value ETF	0.98%	1.00%	1.34%	1.33%	0.59%	0.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WMFFX Washington Mutual Investors Fund Class F-2	10.88%	10.28%	10.27%	5.92%	6.53%	6.24%	3.26%	6.33%	4.59%	7.43%	6.56%	6.44%

Drawdowns

PVAL vs. WMFFX - Drawdown Comparison

The maximum PVAL drawdown since its inception was -16.64%, smaller than the maximum WMFFX drawdown of -47.21%. Use the drawdown chart below to compare losses from any high point for PVAL and WMFFX.

Drawdown Indicators

	PVAL	WMFFX	Difference
Max Drawdown Largest peak-to-trough decline	-16.64%	-47.21%	+30.57%
Max Drawdown (1Y) Largest decline over 1 year	-11.94%	-10.37%	-1.57%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.53%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.63%	—
Current Drawdown Current decline from peak	-5.33%	-8.36%	+3.03%
Average Drawdown Average peak-to-trough decline	-3.09%	-5.40%	+2.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	2.29%	+0.39%

Volatility

PVAL vs. WMFFX - Volatility Comparison

Putnam Focused Large Cap Value ETF (PVAL) has a higher volatility of 4.48% compared to Washington Mutual Investors Fund Class F-2 (WMFFX) at 3.59%. This indicates that PVAL's price experiences larger fluctuations and is considered to be riskier than WMFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PVAL	WMFFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	3.59%	+0.89%
Volatility (6M) Calculated over the trailing 6-month period	8.51%	7.98%	+0.53%
Volatility (1Y) Calculated over the trailing 1-year period	16.14%	15.19%	+0.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.39%	14.10%	+1.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.39%	16.32%	-0.93%