Correlation
The correlation between FLV and MGV is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
FLV vs. MGV
Compare and contrast key facts about American Century Focused Large Cap Value ETF (FLV) and Vanguard Mega Cap Value ETF (MGV).
FLV and MGV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLV is an actively managed fund by American Century Investments. It was launched on Mar 31, 2020. MGV is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Value Index. It was launched on Dec 17, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLV or MGV.
Performance
FLV vs. MGV - Performance Comparison
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Key characteristics
FLV:
0.77
MGV:
0.74
FLV:
1.07
MGV:
1.03
FLV:
1.15
MGV:
1.15
FLV:
0.82
MGV:
0.80
FLV:
2.83
MGV:
2.91
FLV:
3.60%
MGV:
3.61%
FLV:
13.78%
MGV:
15.60%
FLV:
-15.07%
MGV:
-56.31%
FLV:
-3.35%
MGV:
-4.06%
Returns By Period
In the year-to-date period, FLV achieves a 3.50% return, which is significantly higher than MGV's 2.16% return.
FLV
3.50%
2.43%
-3.35%
10.60%
7.46%
11.81%
N/A
MGV
2.16%
2.59%
-3.85%
11.41%
9.47%
13.98%
10.35%
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FLV vs. MGV - Expense Ratio Comparison
FLV has a 0.42% expense ratio, which is higher than MGV's 0.07% expense ratio.
Risk-Adjusted Performance
FLV vs. MGV — Risk-Adjusted Performance Rank
FLV
MGV
FLV vs. MGV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Focused Large Cap Value ETF (FLV) and Vanguard Mega Cap Value ETF (MGV). 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.
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Dividends
FLV vs. MGV - Dividend Comparison
FLV's dividend yield for the trailing twelve months is around 1.90%, less than MGV's 2.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLV American Century Focused Large Cap Value ETF | 1.90% | 2.07% | 2.07% | 4.98% | 4.05% | 0.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MGV Vanguard Mega Cap Value ETF | 2.26% | 2.31% | 2.48% | 2.45% | 2.17% | 2.47% | 2.69% | 2.65% | 2.34% | 2.53% | 2.59% | 2.26% |
Drawdowns
FLV vs. MGV - Drawdown Comparison
The maximum FLV drawdown since its inception was -15.07%, smaller than the maximum MGV drawdown of -56.31%. Use the drawdown chart below to compare losses from any high point for FLV and MGV.
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Volatility
FLV vs. MGV - Volatility Comparison
The current volatility for American Century Focused Large Cap Value ETF (FLV) is 3.40%, while Vanguard Mega Cap Value ETF (MGV) has a volatility of 4.25%. This indicates that FLV experiences smaller price fluctuations and is considered to be less risky than MGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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