AVLC vs. FLV

Last updated Jun 4, 2026

AVLC (Avantis U.S. Large Cap Equity ETF) and FLV (American Century Focused Large Cap Value ETF) are both exchange-traded funds - AVLC is a Large Cap Blend Equities fund actively managed by American Century, while FLV is a Large Cap Value Equities fund actively managed by American Century. Both are actively managed. Over the past year, AVLC returned 32.71% vs 18.84% for FLV. A 0.60 correlation means they provide meaningful diversification when combined. AVLC charges 0.15%/yr vs 0.42%/yr for FLV.

Performance

AVLC vs. FLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis U.S. Large Cap Equity ETF (AVLC) and American Century Focused Large Cap Value ETF (FLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVLC achieves a 14.81% return, which is significantly higher than FLV's 5.79% return.

AVLC

• 1D: -0.43%
• 1M: 5.65%
• YTD: 14.81%
• 6M: 15.10%
• 1Y: 32.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLV

• 1D: -0.26%
• 1M: 1.00%
• YTD: 5.79%
• 6M: 6.27%
• 1Y: 18.84%
• 3Y*: 13.48%
• 5Y*: 8.47%
• 10Y*: —

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

AVLC vs. FLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVLC Avantis U.S. Large Cap Equity ETF	14.81%	17.57%	22.82%	12.05%
FLV American Century Focused Large Cap Value ETF	5.79%	15.80%	11.51%	7.13%

Correlation

The correlation between AVLC and FLV is 0.61, 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	0.61
Correlation (All Time) Calculated using the full available price history since Sep 29, 2023	0.60

The correlation between AVLC and FLV has been stable across timeframes, ranging from 0.60 to 0.61 - a consistent structural relationship.

AVLC vs. FLV - Sectors Allocation Comparison

Sectors	AVLC	FLV
Technology	32.6%	11.0%
Financial Services	13.1%	23.1%
Industrials	10.8%	11.7%
Consumer Cyclical	10.3%	3.4%
Communication Services	8.7%	3.6%
Energy	7.3%	9.6%
Healthcare	7.2%	15.6%
Consumer Defensive	4.8%	13.5%
Utilities	2.7%	5.4%
Basic Materials	2.3%	3.1%
Real Estate	0.2%	1.8%

Return for Risk

AVLC vs. FLV — Risk / Return Rank

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

AVLC

AVLC Risk / Return Rank: 81
AVLC Sharpe Ratio Rank: 80
AVLC Sortino Ratio Rank: 79
AVLC Omega Ratio Rank: 78
AVLC Calmar Ratio Rank: 79
AVLC Martin Ratio Rank: 87

FLV

FLV Risk / Return Rank: 53
FLV Sharpe Ratio Rank: 55
FLV Sortino Ratio Rank: 59
FLV Omega Ratio Rank: 53
FLV Calmar Ratio Rank: 51
FLV Martin Ratio Rank: 47

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.

AVLC vs. FLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Large Cap Equity ETF (AVLC) and American Century Focused Large Cap Value ETF (FLV). 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.

	AVLC	FLV	Difference
Sharpe ratio Return per unit of total volatility	2.65	1.89	+0.77
Sortino ratio Return per unit of downside risk	3.59	2.81	+0.78
Omega ratio Gain probability vs. loss probability	1.48	1.33	+0.14
Calmar ratio Return relative to maximum drawdown	4.11	2.51	+1.60
Martin ratio Return relative to average drawdown	18.96	7.88	+11.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVLC vs. FLV - Sharpe Ratio Comparison

The current AVLC Sharpe Ratio is 2.65, which is higher than the FLV Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of AVLC and FLV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVLC	FLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.65	1.89	+0.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.67	1.07	+0.60

Drawdowns

AVLC vs. FLV - Drawdown Comparison

The maximum AVLC drawdown since its inception was -19.64%, which is greater than FLV's maximum drawdown of -15.06%. Use the drawdown chart below to compare losses from any high point for AVLC and FLV.

Drawdown Indicators

	AVLC	FLV	Difference
Max Drawdown Largest peak-to-trough decline	-19.64%	-15.06%	-4.58%
Max Drawdown (1Y) Largest decline over 1 year	-8.00%	-7.53%	-0.47%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.42%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.06%	—
Current Drawdown Current decline from peak	-0.43%	-2.32%	+1.89%
Average Drawdown Average peak-to-trough decline	-1.97%	-2.73%	+0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.73%	2.40%	-0.67%

Volatility

AVLC vs. FLV - Volatility Comparison

Avantis U.S. Large Cap Equity ETF (AVLC) has a higher volatility of 3.02% compared to American Century Focused Large Cap Value ETF (FLV) at 2.45%. This indicates that AVLC's price experiences larger fluctuations and is considered to be riskier than FLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVLC	FLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	2.45%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	9.25%	7.25%	+2.00%
Volatility (1Y) Calculated over the trailing 1-year period	12.40%	10.03%	+2.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.69%	12.70%	+2.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.69%	14.25%	+1.44%

AVLC vs. FLV - Expense Ratio Comparison

AVLC has a 0.15% expense ratio, which is lower than FLV's 0.42% expense ratio.

Dividends

AVLC vs. FLV - Dividend Comparison

AVLC's dividend yield for the trailing twelve months is around 0.78%, less than FLV's 1.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
AVLC Avantis U.S. Large Cap Equity ETF	0.78%	0.92%	1.09%	0.38%	0.00%	0.00%	0.00%
FLV American Century Focused Large Cap Value ETF	1.67%	1.90%	2.07%	2.07%	4.98%	4.05%	0.87%

Frequently Asked Questions

Can I hold both AVLC and FLV in my portfolio?

AVLC and FLV have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVLC or FLV?

AVLC has higher volatility (3.02%) compared to FLV (2.45%). In terms of maximum drawdown, AVLC dropped -19.64% vs FLV's -15.06%.

Which ETF is better, AVLC or FLV?

On 1-year performance, AVLC leads with 32.71% vs 18.84% for FLV. On fees, AVLC is cheaper at 0.15% per year. On volatility, FLV has been the lower-risk option at 2.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVLC or FLV?

Over the 1-year period, AVLC has performed better with a 32.71% return vs 18.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVLC or FLV?

AVLC is cheaper with a 0.15% expense ratio, compared with 0.42% for FLV.

Which ETF pays a higher dividend yield, AVLC or FLV?

FLV has the higher dividend yield at 1.67%, compared with 0.78% for AVLC.

What is the main difference between AVLC and FLV?

AVLC is categorized as Large Cap Blend Equities, while FLV is Large Cap Value Equities. Their fees differ too: 0.15% for AVLC and 0.42% for FLV.

Which has better risk-adjusted returns?

AVLC currently has the higher Sharpe Ratio (2.65 vs 1.89), 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.