FLV vs. IWX
FLV (American Century Focused Large Cap Value ETF) and IWX (iShares Russell Top 200 Value ETF) are both Large Cap Value Equities funds. FLV is actively managed, while IWX is passively managed. Over the past 5 years, FLV returned 10.66%/yr vs 12.98%/yr for IWX. Their correlation of 0.91 means they have usually moved in the same direction. FLV charges 0.42%/yr vs 0.20%/yr for IWX.
Performance
FLV vs. IWX - Performance Comparison
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Returns By Period
In the year-to-date period, FLV achieves a 16.26% return, which is significantly lower than IWX's 22.94% return.
FLV
- 1D
- 1.13%
- 1M
- 5.00%
- 6M
- 10.48%
- YTD
- 16.26%
- 1Y
- 23.96%
- 3Y*
- 15.86%
- 5Y*
- 10.66%
- 10Y*
- —
- ALL TIME*
- 16.97%
IWX
- 1D
- 0.74%
- 1M
- 4.32%
- 6M
- 16.37%
- YTD
- 22.94%
- 1Y
- 35.84%
- 3Y*
- 20.21%
- 5Y*
- 12.98%
- 10Y*
- 12.13%
- ALL TIME*
- 11.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $466.37K | $491.80K | $1.09M | |
| $51.40M | $47.39M | $34.94M |
FLV vs. IWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FLV American Century Focused Large Cap Value ETF | 16.26% | 15.80% | 11.51% | 6.23% | 0.94% | 17.30% | 43.00% |
IWX iShares Russell Top 200 Value ETF | 22.94% | 18.23% | 14.89% | 10.45% | -5.33% | 23.33% | 40.04% |
Correlation
The correlation between FLV and IWX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2020 | 0.91 |
The correlation between FLV and IWX shifts across timeframes, from 0.79 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.
FLV vs. IWX - Sectors Allocation Comparison
Sectors
FLV
IWX
Financial Services
Healthcare
Consumer Defensive
Industrials
Technology
Energy
Consumer Cyclical
Utilities
Basic Materials
Real Estate
Communication Services
Financial Services
FLV
IWX
Healthcare
FLV
IWX
Consumer Defensive
FLV
IWX
Industrials
FLV
IWX
Technology
FLV
IWX
Energy
FLV
IWX
Consumer Cyclical
FLV
IWX
Utilities
FLV
IWX
Basic Materials
FLV
IWX
Real Estate
FLV
IWX
Communication Services
FLV
IWX
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Return for Risk
FLV vs. IWX — Risk / Return Rank
FLV
IWX
FLV vs. IWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Focused Large Cap Value ETF (FLV) and iShares Russell Top 200 Value ETF (IWX). 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 | IWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.61 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 5.46 | -2.27 |
| Martin ratioReturn relative to average drawdown | 10.17 | 24.03 | -13.86 |
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Drawdowns
FLV vs. IWX - Drawdown Comparison
The maximum FLV drawdown since its inception was -15.06%, smaller than the maximum IWX drawdown of -35.76%. Use the drawdown chart below to compare losses from any high point for FLV and IWX.
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Drawdown Indicators
| FLV | IWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.06% | -35.76% | +20.70% |
Max Drawdown (1Y)Largest decline over 1 year | -7.53% | -6.59% | -0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -12.42% | -13.37% | +0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -15.06% | -18.13% | +3.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.76% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -3.79% | +1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 1.50% | +0.86% |
Volatility
FLV vs. IWX - Volatility Comparison
American Century Focused Large Cap Value ETF (FLV) has a higher volatility of 3.67% compared to iShares Russell Top 200 Value ETF (IWX) at 3.00%. This indicates that FLV's price experiences larger fluctuations and is considered to be riskier than IWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLV | IWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 3.00% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 7.94% | 8.49% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.33% | 10.71% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.72% | 13.89% | -1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.23% | 16.49% | -2.26% |
FLV vs. IWX - Expense Ratio Comparison
FLV has a 0.42% expense ratio, which is higher than IWX's 0.20% expense ratio.
Dividends
FLV vs. IWX - Dividend Comparison
FLV's dividend yield for the trailing twelve months is around 1.48%, more than IWX's 1.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLV American Century Focused Large Cap Value ETF | 1.48% | 1.90% | 2.07% | 2.07% | 4.98% | 4.05% | 0.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWX iShares Russell Top 200 Value ETF | 1.37% | 1.59% | 1.97% | 2.13% | 2.07% | 1.79% | 2.12% | 2.60% | 2.66% | 2.12% | 2.22% | 2.77% |
Frequently Asked Questions
FLV and IWX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLV has higher volatility (3.67%) compared to IWX (3.00%). In terms of maximum drawdown, FLV dropped -15.06% vs IWX's -35.76%.
On 5-year performance, IWX leads with 12.98% vs 10.66% for FLV. On fees, IWX is cheaper at 0.20% per year. On volatility, IWX has been the lower-risk option at 3.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IWX has performed better with a 12.98% return vs 10.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWX is cheaper with a 0.20% expense ratio, compared with 0.42% for FLV.
FLV has the higher dividend yield at 1.48%, compared with 1.37% for IWX.
They also come from different issuers: American Century and iShares. Their fees differ too: 0.42% for FLV and 0.20% for IWX.
IWX currently has the higher Sharpe Ratio (3.37 vs 2.34), 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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