PY vs. LSVD

Last updated Jul 14, 2026

PY (Principal Value ETF) and LSVD (LSV Disciplined Value ETF) are both Large Cap Value Equities funds. Both are actively managed. Over the past year, PY returned 12.62% vs 34.32% for LSVD. A 0.76 correlation means they provide meaningful diversification when combined. PY charges 0.15%/yr vs 0.40%/yr for LSVD.

Performance

PY vs. LSVD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Value ETF (PY) and LSV Disciplined Value ETF (LSVD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PY achieves a 7.20% return, which is significantly lower than LSVD's 16.71% return.

PY

• 1D: 0.64%
• 1M: 2.15%
• 6M: 5.63%
• YTD: 7.20%
• 1Y: 12.62%
• 3Y*: 12.68%
• 5Y*: 8.55%
• 10Y*: 10.88%

LSVD

• 1D: -0.62%
• 1M: 0.75%
• 6M: 13.56%
• YTD: 16.71%
• 1Y: 34.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PY vs. LSVD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PY Principal Value ETF	7.20%	7.74%	-1.81%
LSVD LSV Disciplined Value ETF	16.71%	22.29%	-2.62%

Correlation

The correlation between PY and LSVD is 0.65, 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	0.65
Correlation (All Time) Calculated using the full available price history since Dec 18, 2024	0.76

The correlation between PY and LSVD shifts across timeframes, from 0.65 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.

PY vs. LSVD - Sectors Allocation Comparison

Sectors	PY	LSVD
Technology	26.9%	38.9%
Financial Services	16.4%	11.5%
Healthcare	11.9%	11.2%
Consumer Defensive	11.3%	2.8%
Consumer Cyclical	11.0%	11.6%
Industrials	8.1%	4.4%
Energy	5.5%	1.7%
Communication Services	5.0%	14.3%
Utilities	1.7%	0.8%
Basic Materials	1.2%	1.5%
Real Estate	1.0%	1.2%

Return for Risk

PY vs. LSVD — Risk / Return Rank

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

PY

PY Risk / Return Rank: 46
PY Sharpe Ratio Rank: 43
PY Sortino Ratio Rank: 43
PY Omega Ratio Rank: 42
PY Calmar Ratio Rank: 51
PY Martin Ratio Rank: 50

LSVD

LSVD Risk / Return Rank: 92
LSVD Sharpe Ratio Rank: 93
LSVD Sortino Ratio Rank: 92
LSVD Omega Ratio Rank: 91
LSVD Calmar Ratio Rank: 90
LSVD Martin Ratio Rank: 92

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.

PY vs. LSVD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Value ETF (PY) and LSV Disciplined Value ETF (LSVD). 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.

	PY	LSVD	Difference
Sharpe ratio: Return per unit of total volatility	1.21	2.61	-1.40
Sortino ratio: Return per unit of downside risk	1.78	3.58	-1.80
Omega ratio: Gain probability vs. loss probability	1.22	1.46	-0.24
Calmar ratio: Return relative to maximum drawdown	2.04	4.27	-2.23
Martin ratio: Return relative to average drawdown	6.79	17.93	-11.14

PY vs. LSVD - Sharpe Ratio Comparison

The current PY Sharpe Ratio is 1.21, which is lower than the LSVD Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of PY and LSVD, 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

PY vs. LSVD - Drawdown Comparison

The maximum PY drawdown since its inception was -45.44%, which is greater than LSVD's maximum drawdown of -19.30%. Use the drawdown chart below to compare losses from any high point for PY and LSVD.

Drawdown Indicators

	PY	LSVD	Difference
Max Drawdown Largest peak-to-trough decline	-45.44%	-19.30%	-26.14%
Max Drawdown (1Y) Largest decline over 1 year	-6.20%	-8.07%	+1.87%
Max Drawdown (3Y) Largest decline over 3 years	-17.84%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.84%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.44%	—	—
Current Drawdown Current decline from peak	0.00%	-1.49%	+1.49%
Average Drawdown Average peak-to-trough decline	-5.01%	-2.48%	-2.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	1.92%	-0.06%

Volatility

PY vs. LSVD - Volatility Comparison

The current volatility for Principal Value ETF (PY) is 2.83%, while LSV Disciplined Value ETF (LSVD) has a volatility of 3.59%. This indicates that PY experiences smaller price fluctuations and is considered to be less risky than LSVD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PY	LSVD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.83%	3.59%	-0.76%
Volatility (6M) Calculated over the trailing 6-month period	7.39%	10.24%	-2.85%
Volatility (1Y) Calculated over the trailing 1-year period	10.49%	13.21%	-2.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.67%	17.41%	-1.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.08%	17.41%	+2.67%

PY vs. LSVD - Expense Ratio Comparison

PY has a 0.15% expense ratio, which is lower than LSVD's 0.40% expense ratio.

Dividends

PY vs. LSVD - Dividend Comparison

PY's dividend yield for the trailing twelve months is around 1.93%, more than LSVD's 0.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
LSVD LSV Disciplined Value ETF	0.28%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PY Principal Value ETF	1.93%	2.14%	2.22%	2.68%	3.02%	2.83%	2.95%	2.25%	2.34%	1.68%	1.85%

Frequently Asked Questions

Can I hold both PY and LSVD in my portfolio?

PY and LSVD have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PY or LSVD?

LSVD has higher volatility (3.59%) compared to PY (2.83%). In terms of maximum drawdown, PY dropped -45.44% vs LSVD's -19.30%.

Which ETF is better, PY or LSVD?

On 1-year performance, LSVD leads with 34.32% vs 12.62% for PY. On fees, PY is cheaper at 0.15% per year. On volatility, PY has been the lower-risk option at 2.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PY or LSVD?

Over the 1-year period, LSVD has performed better with a 34.32% return vs 12.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PY or LSVD?

PY is cheaper with a 0.15% expense ratio, compared with 0.40% for LSVD.

Which ETF pays a higher dividend yield, PY or LSVD?

PY has the higher dividend yield at 1.93%, compared with 0.28% for LSVD.

What is the main difference between PY and LSVD?

They also come from different issuers: Principal and LSV. Their fees differ too: 0.15% for PY and 0.40% for LSVD.

Which has better risk-adjusted returns?

LSVD currently has the higher Sharpe Ratio (2.61 vs 1.21), 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.