FLV vs. AVIG
FLV (American Century Focused Large Cap Value ETF) and AVIG (Avantis Core Fixed Income ETF) are both exchange-traded funds - FLV is a Large Cap Value Equities fund actively managed by American Century, while AVIG is a Intermediate Core Bond fund actively managed by Avantis. Both are actively managed. Over the past 5 years, FLV returned 8.47%/yr vs 0.13%/yr for AVIG. At a 0.16 correlation, their price movements are largely independent. FLV charges 0.42%/yr vs 0.15%/yr for AVIG.
Performance
FLV vs. AVIG - Performance Comparison
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Returns By Period
In the year-to-date period, FLV achieves a 5.79% return, which is significantly higher than AVIG's 0.08% return.
FLV
- 1D
- -0.26%
- 1M
- 1.00%
- YTD
- 5.79%
- 6M
- 6.27%
- 1Y
- 18.84%
- 3Y*
- 13.48%
- 5Y*
- 8.47%
- 10Y*
- —
AVIG
- 1D
- -0.21%
- 1M
- 0.11%
- YTD
- 0.08%
- 6M
- 0.01%
- 1Y
- 5.39%
- 3Y*
- 4.44%
- 5Y*
- 0.13%
- 10Y*
- —
FLV vs. AVIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FLV American Century Focused Large Cap Value ETF | 5.79% | 15.80% | 11.51% | 6.23% | 0.94% | 17.30% | 10.81% |
AVIG Avantis Core Fixed Income ETF | 0.08% | 7.98% | 1.55% | 6.41% | -13.94% | -2.15% | 0.96% |
Correlation
The correlation between FLV and AVIG is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2020 | 0.16 |
The correlation between FLV and AVIG shifts across timeframes, from 0.16 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FLV vs. AVIG — Risk / Return Rank
FLV
AVIG
FLV vs. AVIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Focused Large Cap Value ETF (FLV) and Avantis Core Fixed Income ETF (AVIG). 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.
| FLV | AVIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.24 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 1.92 | +0.59 |
| Martin ratioReturn relative to average drawdown | 7.88 | 5.85 | +2.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLV | AVIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 1.40 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.02 | +0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | -0.02 | +1.09 |
Drawdowns
FLV vs. AVIG - Drawdown Comparison
The maximum FLV drawdown since its inception was -15.06%, smaller than the maximum AVIG drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for FLV and AVIG.
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Drawdown Indicators
| FLV | AVIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.06% | -19.64% | +4.58% |
Max Drawdown (1Y)Largest decline over 1 year | -7.53% | -2.82% | -4.71% |
Max Drawdown (3Y)Largest decline over 3 years | -12.42% | -6.03% | -6.39% |
Max Drawdown (5Y)Largest decline over 5 years | -15.06% | -19.47% | +4.41% |
Current DrawdownCurrent decline from peak | -2.32% | -1.66% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -2.73% | -7.75% | +5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 0.92% | +1.48% |
Volatility
FLV vs. AVIG - Volatility Comparison
American Century Focused Large Cap Value ETF (FLV) has a higher volatility of 2.45% compared to Avantis Core Fixed Income ETF (AVIG) at 1.32%. This indicates that FLV's price experiences larger fluctuations and is considered to be riskier than AVIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLV | AVIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.45% | 1.32% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 7.25% | 2.85% | +4.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.03% | 3.85% | +6.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.70% | 6.23% | +6.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.25% | 6.01% | +8.24% |
FLV vs. AVIG - Expense Ratio Comparison
FLV has a 0.42% expense ratio, which is higher than AVIG's 0.15% expense ratio.
Dividends
FLV vs. AVIG - Dividend Comparison
FLV's dividend yield for the trailing twelve months is around 1.67%, less than AVIG's 4.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
AVIG Avantis Core Fixed Income ETF | 4.04% | 4.36% | 4.66% | 4.06% | 2.53% | 1.12% | 0.22% |
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
FLV and AVIG have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLV has higher volatility (2.45%) compared to AVIG (1.32%). In terms of maximum drawdown, FLV dropped -15.06% vs AVIG's -19.64%.
On 5-year performance, FLV leads with 8.47% vs 0.13% for AVIG. On fees, AVIG is cheaper at 0.15% per year. On volatility, AVIG has been the lower-risk option at 1.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLV has performed better with a 8.47% return vs 0.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AVIG is cheaper with a 0.15% expense ratio, compared with 0.42% for FLV.
AVIG has the higher dividend yield at 4.04%, compared with 1.67% for FLV.
FLV is categorized as Large Cap Value Equities, while AVIG is Intermediate Core Bond. They also come from different issuers: American Century and Avantis. Their fees differ too: 0.42% for FLV and 0.15% for AVIG.
FLV currently has the higher Sharpe Ratio (1.89 vs 1.40), 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.
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