FLV vs. DLN

Last updated Jun 25, 2026

FLV (American Century Focused Large Cap Value ETF) and DLN (WisdomTree U.S. LargeCap Dividend Fund) are both Large Cap Value Equities funds. FLV is actively managed, while DLN is passively managed. Over the past 5 years, FLV returned 9.29%/yr vs 12.34%/yr for DLN. Their correlation of 0.90 suggests significant overlap in exposure. FLV charges 0.42%/yr vs 0.28%/yr for DLN.

Performance

FLV vs. DLN - Performance Comparison

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

Returns By Period

In the year-to-date period, FLV achieves a 7.59% return, which is significantly lower than DLN's 9.74% return.

FLV

• 1D: 0.39%
• 1M: 0.47%
• YTD: 7.59%
• 6M: 6.79%
• 1Y: 19.02%
• 3Y*: 13.61%
• 5Y*: 9.29%
• 10Y*: —

DLN

• 1D: -0.19%
• 1M: -0.14%
• YTD: 9.74%
• 6M: 8.74%
• 1Y: 20.43%
• 3Y*: 18.05%
• 5Y*: 12.34%
• 10Y*: 12.83%

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

FLV vs. DLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FLV American Century Focused Large Cap Value ETF	7.59%	15.80%	11.51%	6.23%	0.94%	17.30%	43.00%
DLN WisdomTree U.S. LargeCap Dividend Fund	9.74%	15.53%	19.66%	9.95%	-3.78%	25.60%	41.96%

Correlation

The correlation between FLV and DLN is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Apr 2, 2020	0.90

The correlation between FLV and DLN has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.

FLV vs. DLN - Sectors Allocation Comparison

Sectors	FLV	DLN
Financial Services	23.1%	17.4%
Healthcare	15.6%	12.6%
Consumer Defensive	13.5%	8.9%
Industrials	11.7%	7.8%
Technology	11.0%	22.8%
Energy	9.6%	7.9%
Utilities	5.4%	5.5%
Communication Services	3.6%	7.5%
Consumer Cyclical	3.4%	4.9%
Basic Materials	3.1%	1.0%
Real Estate	1.8%	3.9%

Return for Risk

FLV vs. DLN — Risk / Return Rank

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

FLV

FLV Risk / Return Rank: 61
FLV Sharpe Ratio Rank: 64
FLV Sortino Ratio Rank: 69
FLV Omega Ratio Rank: 61
FLV Calmar Ratio Rank: 58
FLV Martin Ratio Rank: 52

DLN

DLN Risk / Return Rank: 79
DLN Sharpe Ratio Rank: 80
DLN Sortino Ratio Rank: 82
DLN Omega Ratio Rank: 78
DLN Calmar Ratio Rank: 74
DLN Martin Ratio Rank: 80

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.

FLV vs. DLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Focused Large Cap Value ETF (FLV) and WisdomTree U.S. LargeCap Dividend Fund (DLN). 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.

	FLV	DLN	Difference
Sharpe ratio: Return per unit of total volatility	1.87	2.28	-0.42
Sortino ratio: Return per unit of downside risk	2.75	3.26	-0.50
Omega ratio: Gain probability vs. loss probability	1.33	1.41	-0.08
Calmar ratio: Return relative to maximum drawdown	2.54	3.37	-0.83
Martin ratio: Return relative to average drawdown	7.91	14.09	-6.18

FLV vs. DLN - Sharpe Ratio Comparison

The current FLV Sharpe Ratio is 1.87, which is comparable to the DLN Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of FLV and DLN, 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

FLV vs. DLN - Drawdown Comparison

The maximum FLV drawdown since its inception was -15.06%, smaller than the maximum DLN drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for FLV and DLN.

Drawdown Indicators

	FLV	DLN	Difference
Max Drawdown Largest peak-to-trough decline	-15.06%	-57.84%	+42.78%
Max Drawdown (1Y) Largest decline over 1 year	-7.53%	-6.10%	-1.43%
Max Drawdown (3Y) Largest decline over 3 years	-12.42%	-13.71%	+1.29%
Max Drawdown (5Y) Largest decline over 5 years	-15.06%	-16.26%	+1.20%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.82%	—
Current Drawdown Current decline from peak	-1.00%	-1.31%	+0.31%
Average Drawdown Average peak-to-trough decline	-2.72%	-7.50%	+4.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.41%	1.45%	+0.96%

Volatility

FLV vs. DLN - Volatility Comparison

American Century Focused Large Cap Value ETF (FLV) has a higher volatility of 3.06% compared to WisdomTree U.S. LargeCap Dividend Fund (DLN) at 2.70%. This indicates that FLV's price experiences larger fluctuations and is considered to be riskier than DLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLV	DLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	2.70%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	7.42%	6.99%	+0.43%
Volatility (1Y) Calculated over the trailing 1-year period	10.24%	9.01%	+1.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.70%	13.26%	-0.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.27%	16.14%	-1.87%

FLV vs. DLN - Expense Ratio Comparison

FLV has a 0.42% expense ratio, which is higher than DLN's 0.28% expense ratio.

Dividends

FLV vs. DLN - Dividend Comparison

FLV's dividend yield for the trailing twelve months is around 1.60%, less than DLN's 1.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLN WisdomTree U.S. LargeCap Dividend Fund	1.80%	1.90%	2.00%	2.43%	2.53%	2.01%	2.66%	2.51%	2.90%	2.33%	2.64%	2.80%
FLV American Century Focused Large Cap Value ETF	1.60%	1.90%	2.07%	2.07%	4.98%	4.05%	0.87%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLV and DLN in my portfolio?

FLV and DLN have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLV or DLN?

FLV has higher volatility (3.06%) compared to DLN (2.70%). In terms of maximum drawdown, FLV dropped -15.06% vs DLN's -57.84%.

Which ETF is better, FLV or DLN?

On 5-year performance, DLN leads with 12.34% vs 9.29% for FLV. On fees, DLN is cheaper at 0.28% per year. On volatility, DLN has been the lower-risk option at 2.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLV or DLN?

Over the 5-year period, DLN has performed better with a 12.34% return vs 9.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLV or DLN?

DLN is cheaper with a 0.28% expense ratio, compared with 0.42% for FLV.

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

DLN has the higher dividend yield at 1.80%, compared with 1.60% for FLV.

What is the main difference between FLV and DLN?

They also come from different issuers: American Century and WisdomTree. Their fees differ too: 0.42% for FLV and 0.28% for DLN.

Which has better risk-adjusted returns?

DLN currently has the higher Sharpe Ratio (2.28 vs 1.87), 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.