ALVIX vs. VTV

Last updated Aug 2, 2026

ALVIX (American Century Investments Focused Large Cap Value Fund) and VTV (Vanguard Value ETF) are both Large Cap Value Equities funds. Over the past 10 years, ALVIX returned 10.60%/yr vs 12.57%/yr for VTV. Their 0.96 correlation means they have historically moved very closely together. ALVIX charges 0.83%/yr vs 0.04%/yr for VTV.

Performance

ALVIX vs. VTV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Investments Focused Large Cap Value Fund (ALVIX) and Vanguard Value ETF (VTV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALVIX achieves a 14.49% return, which is significantly lower than VTV's 16.37% return. Over the past 10 years, ALVIX has underperformed VTV with an annualized return of 10.60%, while VTV has yielded a comparatively higher 12.57% annualized return.

ALVIX

• 1D: 0.00%
• 1M: 2.78%
• 6M: 9.73%
• YTD: 14.49%
• 1Y: 23.87%
• 3Y*: 14.48%
• 5Y*: 10.65%
• 10Y*: 10.60%
• ALL TIME*: 7.57%

VTV

• 1D: -0.27%
• 1M: 0.36%
• 6M: 11.27%
• YTD: 16.37%
• 1Y: 27.94%
• 3Y*: 17.12%
• 5Y*: 12.29%
• 10Y*: 12.57%
• ALL TIME*: 9.67%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ALVIX American Century Investments Focused Large Cap Value Fund	$0.00	$0.00	$0.00
VTV Vanguard Value ETF	$688.19M	$688.42M	$619.05M

ALVIX vs. VTV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ALVIX American Century Investments Focused Large Cap Value Fund	14.49%	16.29%	11.01%	6.07%	1.82%	18.18%	2.53%	27.62%	-7.41%	11.13%
VTV Vanguard Value ETF	16.37%	15.27%	15.95%	9.32%	-2.09%	26.53%	2.33%	25.66%	-5.47%	17.15%

Correlation

The correlation between ALVIX and VTV is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (10Y) Provides a long-term view across more market conditions.	0.94
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004	0.96

The correlation between ALVIX and VTV shifts across timeframes, from 0.84 (1 year) to 0.96 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ALVIX vs. VTV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ALVIX

ALVIX Risk / Return Rank: 82
ALVIX Sharpe Ratio Rank: 85
ALVIX Sortino Ratio Rank: 85
ALVIX Omega Ratio Rank: 79
ALVIX Calmar Ratio Rank: 84
ALVIX Martin Ratio Rank: 77

VTV

VTV Risk / Return Rank: 93
VTV Sharpe Ratio Rank: 94
VTV Sortino Ratio Rank: 94
VTV Omega Ratio Rank: 93
VTV Calmar Ratio Rank: 92
VTV Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ALVIX vs. VTV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Investments Focused Large Cap Value Fund (ALVIX) and Vanguard Value ETF (VTV). 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.

	ALVIX	VTV	Difference
Sharpe ratio: Return per unit of total volatility	2.06	2.62	-0.55
Sortino ratio: Return per unit of downside risk	3.03	3.74	-0.71
Omega ratio: Gain probability vs. loss probability	1.36	1.47	-0.11
Calmar ratio: Return relative to maximum drawdown	2.84	4.24	-1.40
Martin ratio: Return relative to average drawdown	9.28	16.42	-7.14

ALVIX vs. VTV - Sharpe Ratio Comparison

The current ALVIX Sharpe Ratio is 2.06, which is comparable to the VTV Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of ALVIX and VTV, 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

ALVIX vs. VTV - Drawdown Comparison

The maximum ALVIX drawdown since its inception was -59.66%, roughly equal to the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for ALVIX and VTV.

Drawdown Indicators

	ALVIX	VTV	Difference
Max Drawdown Largest peak-to-trough decline	-59.66%	-59.27%	-0.39%
Max Drawdown (1Y) Largest decline over 1 year	-7.68%	-6.35%	-1.33%
Max Drawdown (3Y) Largest decline over 3 years	-11.69%	-14.52%	+2.83%
Max Drawdown (5Y) Largest decline over 5 years	-14.08%	-17.04%	+2.96%
Max Drawdown (10Y) Largest decline over 10 years	-35.52%	-36.78%	+1.26%
Current Drawdown Current decline from peak	-0.76%	-1.36%	+0.60%
Average Drawdown Average peak-to-trough decline	-8.34%	-7.82%	-0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	1.64%	+0.71%

Volatility

ALVIX vs. VTV - Volatility Comparison

American Century Investments Focused Large Cap Value Fund (ALVIX) has a higher volatility of 3.68% compared to Vanguard Value ETF (VTV) at 2.62%. This indicates that ALVIX's price experiences larger fluctuations and is considered to be riskier than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALVIX	VTV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.68%	2.62%	+1.06%
Volatility (6M) Calculated over the trailing 6-month period	8.05%	7.72%	+0.33%
Volatility (1Y) Calculated over the trailing 1-year period	10.61%	10.36%	+0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.67%	13.82%	-1.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.66%	16.61%	-0.95%

ALVIX vs. VTV - Expense Ratio Comparison

ALVIX has a 0.83% expense ratio, which is higher than VTV's 0.04% expense ratio.

Dividends

ALVIX vs. VTV - Dividend Comparison

ALVIX's dividend yield for the trailing twelve months is around 10.73%, more than VTV's 1.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALVIX American Century Investments Focused Large Cap Value Fund	10.73%	12.61%	9.67%	3.63%	12.50%	20.50%	2.19%	2.45%	7.25%	5.49%	1.79%	1.33%
VTV Vanguard Value ETF	1.86%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Frequently Asked Questions

Can I hold both ALVIX and VTV in my portfolio?

ALVIX and VTV have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ALVIX or VTV?

ALVIX has higher volatility (3.68%) compared to VTV (2.62%). In terms of maximum drawdown, ALVIX dropped -59.66% vs VTV's -59.27%.

Which has better risk-adjusted returns?

VTV currently has the higher Sharpe Ratio (2.62 vs 2.06), 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.