FLV vs. VYM
FLV (American Century Focused Large Cap Value ETF) and VYM (Vanguard High Dividend Yield ETF) are both exchange-traded funds - FLV is a Large Cap Value Equities fund actively managed by American Century, while VYM is a Dividend fund tracking the FTSE High Dividend Yield Index. FLV is actively managed, while VYM is passively managed. Over the past 5 years, FLV returned 10.66%/yr vs 12.56%/yr for VYM. Their correlation of 0.91 means they have usually moved in the same direction. FLV charges 0.42%/yr vs 0.04%/yr for VYM.
Performance
FLV vs. VYM - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FLV having a 16.26% return and VYM slightly higher at 16.57%.
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%
VYM
- 1D
- 1.54%
- 1M
- 3.65%
- 6M
- 10.11%
- YTD
- 16.57%
- 1Y
- 25.99%
- 3Y*
- 18.31%
- 5Y*
- 12.56%
- 10Y*
- 11.86%
- ALL TIME*
- 9.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $466.37K | $491.80K | $1.09M | |
| $218.18M | $204.80M | $205.80M |
FLV vs. VYM - 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% |
VYM Vanguard High Dividend Yield ETF | 16.57% | 15.42% | 17.60% | 6.57% | -0.43% | 26.20% | 38.81% |
Correlation
The correlation between FLV and VYM is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
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 VYM has been stable across timeframes, ranging from 0.81 to 0.91 - a consistent structural relationship.
FLV vs. VYM - Sectors Allocation Comparison
Sectors
FLV
VYM
Financial Services
Healthcare
Consumer Defensive
Industrials
Technology
Energy
Consumer Cyclical
Utilities
Basic Materials
Real Estate
Communication Services
Financial Services
FLV
VYM
Healthcare
FLV
VYM
Consumer Defensive
FLV
VYM
Industrials
FLV
VYM
Technology
FLV
VYM
Energy
FLV
VYM
Consumer Cyclical
FLV
VYM
Utilities
FLV
VYM
Basic Materials
FLV
VYM
Real Estate
FLV
VYM
Communication Services
FLV
VYM
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Return for Risk
FLV vs. VYM — Risk / Return Rank
FLV
VYM
FLV vs. VYM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Focused Large Cap Value ETF (FLV) and Vanguard High Dividend Yield ETF (VYM). 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 | VYM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.47 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 3.90 | -0.70 |
| Martin ratioReturn relative to average drawdown | 10.17 | 14.66 | -4.49 |
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Drawdowns
FLV vs. VYM - Drawdown Comparison
The maximum FLV drawdown since its inception was -15.06%, smaller than the maximum VYM drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for FLV and VYM.
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Drawdown Indicators
| FLV | VYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.06% | -56.98% | +41.92% |
Max Drawdown (1Y)Largest decline over 1 year | -7.53% | -6.69% | -0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -12.42% | -14.46% | +2.04% |
Max Drawdown (5Y)Largest decline over 5 years | -15.06% | -15.84% | +0.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.21% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -7.14% | +4.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 1.78% | +0.58% |
Volatility
FLV vs. VYM - Volatility Comparison
American Century Focused Large Cap Value ETF (FLV) has a higher volatility of 3.67% compared to Vanguard High Dividend Yield ETF (VYM) at 2.79%. This indicates that FLV's price experiences larger fluctuations and is considered to be riskier than VYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLV | VYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 2.79% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 7.94% | 7.55% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.33% | 10.28% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.72% | 13.88% | -1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.23% | 16.31% | -2.08% |
FLV vs. VYM - Expense Ratio Comparison
FLV has a 0.42% expense ratio, which is higher than VYM's 0.04% expense ratio.
Dividends
FLV vs. VYM - Dividend Comparison
FLV's dividend yield for the trailing twelve months is around 1.48%, less than VYM's 2.20% 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% |
VYM Vanguard High Dividend Yield ETF | 2.20% | 2.44% | 2.74% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% |
Frequently Asked Questions
FLV and VYM have a correlation of 0.81, 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 VYM (2.79%). In terms of maximum drawdown, FLV dropped -15.06% vs VYM's -56.98%.
On 5-year performance, VYM leads with 12.56% vs 10.66% for FLV. On fees, VYM is cheaper at 0.04% per year. On volatility, VYM has been the lower-risk option at 2.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VYM has performed better with a 12.56% return vs 10.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VYM is cheaper with a 0.04% expense ratio, compared with 0.42% for FLV.
VYM has the higher dividend yield at 2.20%, compared with 1.48% for FLV.
FLV is categorized as Large Cap Value Equities, while VYM is Dividend. They also come from different issuers: American Century and Vanguard. Their fees differ too: 0.42% for FLV and 0.04% for VYM.
VYM currently has the higher Sharpe Ratio (2.55 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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