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Putnam Focused Large Cap Value ETF

PVAL
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
May 25 2021
Expense Ratio
0.55%
Type
US Equities
Fund Owner
Putnam Investments
Volume (1m avg. daily)
$487,799
AUM
$154,635,440
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No

Top 10 Holdings

IVE
BlackRock Institutional Trust Company N.A. - iShares S&P 500 Value ETF
7.60%
MSFT
Microsoft Corporation
5.08%
AIG
American International Group Inc
4.23%
REGN
Regeneron Pharmaceuticals, Inc.
3.66%
COP
Conoco Phillips
3.44%
GS
Goldman Sachs Group, Inc.
3.37%
IVW
BlackRock Institutional Trust Company N.A. - iShares S&P 500 Growth ETF
3.34%
META
Meta Platforms Inc - Ordinary Shares - Class A
3.28%
URI
United Rentals, Inc.
3.24%
BAC
Bank Of America Corp.
2.99%
Invest with PVAL

What is PVAL?

The fund invests mainly in common stocks of U.S. companies, with a focus on value stocks that offer the potential for capital growth, current income, or both. Under normal circumstances, the fund invests at least 80% of the fund s net assets in large-cap companies, which, for purposes of this policy, are of a size similar to those in the Russell 1000 Value Index. Putnam Management may consider, among other factors, a company s valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell investments.

ETFs related toPVAL

ETFs correlated to PVAL include VLU, JAVA, FNDB

PVAL
Putnam ETF Trust - Putnam Focused Large Cap Value ETF
VLU
SPDR Series Trust - SPDR S&P 1500 Value Tilt ETF
JAVA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Value ETF
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF
PRF
Invesco Capital Management LLC - Invesco FTSE RAFI US 1000 ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
IWD
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Value ETF
VONV
Vanguard Group, Inc. - Vanguard Russell 1000 Value Index ETF
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
ILCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Value ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toPVAL

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with PVAL using Composer

FAQ

PVAL is a US Equities ETF. The fund invests mainly in common stocks of U.S. companies, with a focus on value stocks that offer the potential for capital growth, current income, or both. Under normal circumstances, the fund invests at least 80% of the fund s net assets in large-cap companies, which, for purposes of this policy, are of a size similar to those in the Russell 1000 Value Index. Putnam Management may consider, among other factors, a company s valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell investments.

Yes, PVAL is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, PVAL is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PVAL is -0.0084%. This is the percent change in the value of PVAL over the most recent 1-month period. The 3-month return on PVAL is -0.0199%. This is the percent change in the value of PVAL over the most recent 3-month period.

The standard deviation of PVAL for the past year is 0.1902%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PVAL include SPYG, IVE, and IVW.

ETFs correlated to PVAL include VLU, JAVA, and FNDB.

ETFs that are inversely correlated to PVAL include DOG, DXD, and SDOW.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.