FLV vs. SGOV
FLV (American Century Focused Large Cap Value ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - FLV is a Large Cap Value Equities fund actively managed by American Century, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. FLV is actively managed, while SGOV is passively managed. Over the past 5 years, FLV returned 9.39%/yr vs 3.58%/yr for SGOV. At a correlation of -0.04, they often move in opposite directions. FLV charges 0.42%/yr vs 0.09%/yr for SGOV.
Performance
FLV vs. SGOV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FLV achieves a 6.84% return, which is significantly higher than SGOV's 1.70% return.
FLV
- 1D
- -0.18%
- 1M
- -0.23%
- YTD
- 6.84%
- 6M
- 6.46%
- 1Y
- 19.15%
- 3Y*
- 13.35%
- 5Y*
- 9.39%
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.27%
- YTD
- 1.70%
- 6M
- 1.80%
- 1Y
- 3.93%
- 3Y*
- 4.68%
- 5Y*
- 3.58%
- 10Y*
- —
FLV vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FLV American Century Focused Large Cap Value ETF | 6.84% | 15.80% | 11.51% | 6.23% | 0.94% | 17.30% | 20.90% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.70% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between FLV and SGOV is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.04 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FLV vs. SGOV — Risk / Return Rank
FLV
SGOV
FLV vs. SGOV - 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 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.50 | ||
| Sortino ratioReturn per unit of downside risk | -271.50 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 194.55 | -193.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 396.11 | -393.56 |
| Martin ratioReturn relative to average drawdown | 7.98 | 4,438.60 | -4,430.62 |
Loading charts...
Drawdowns
FLV vs. SGOV - Drawdown Comparison
The maximum FLV drawdown since its inception was -15.06%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for FLV and SGOV.
Loading charts...
Drawdown Indicators
| FLV | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.06% | -0.03% | -15.03% |
Max Drawdown (1Y)Largest decline over 1 year | -7.53% | -0.01% | -7.52% |
Max Drawdown (3Y)Largest decline over 3 years | -12.42% | -0.01% | -12.41% |
Max Drawdown (5Y)Largest decline over 5 years | -15.06% | -0.03% | -15.03% |
Current DrawdownCurrent decline from peak | -1.69% | 0.00% | -1.69% |
Average DrawdownAverage peak-to-trough decline | -2.72% | -0.00% | -2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 0.00% | +2.41% |
Volatility
FLV vs. SGOV - Volatility Comparison
American Century Focused Large Cap Value ETF (FLV) has a higher volatility of 3.13% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that FLV's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FLV | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 0.06% | +3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.41% | 0.13% | +7.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.26% | 0.19% | +10.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.70% | 0.24% | +12.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.28% | 0.24% | +14.04% |
FLV vs. SGOV - Expense Ratio Comparison
FLV has a 0.42% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
FLV vs. SGOV - Dividend Comparison
FLV's dividend yield for the trailing twelve months is around 2.17%, less than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FLV American Century Focused Large Cap Value ETF | 2.17% | 1.90% | 2.07% | 2.07% | 4.98% | 4.05% | 0.87% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
FLV and SGOV have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLV has higher volatility (3.13%) compared to SGOV (0.06%). In terms of maximum drawdown, FLV dropped -15.06% vs SGOV's -0.03%.
On 5-year performance, FLV leads with 9.39% vs 3.58% for SGOV. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.06%. 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 9.39% return vs 3.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 0.42% for FLV.
SGOV has the higher dividend yield at 3.85%, compared with 2.17% for FLV.
FLV is categorized as Large Cap Value Equities, while SGOV is Ultrashort Bond. They also come from different issuers: American Century and iShares. Their fees differ too: 0.42% for FLV and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.38 vs 1.88), 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.
Find the right allocation for FLV and SGOV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer