FLV vs IVV
American Century Focused Large Cap Value ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. FLV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FLV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.42% | 0.03% | |
| AUM | $364M | $865.2B | |
| Dividend Yield | 1.59% | 1.09% | |
| Holdings | 50 | 508 | |
| YTD Return | +16.00% | +13.43% | |
| 1Y Return | +23.40% | +22.61% | |
| 3Y Return (annualized) | +16.10% | +21.47% | |
| 5Y Return (annualized) | +10.12% | +13.26% | |
| Volatility (annualized) | 13.3% | 15.1% | |
| Max Drawdown | -15.1% | -56.5% | |
| Fund Family | American Century ETFs | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Mar 31, 2020 | May 15, 2000 |
FLV vs IVV Performance
American Century Focused Large Cap Value ETF (FLV) is a ETF from American Century ETFs and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FLV returned +23.40% while IVV returned +22.61%. Year to date, FLV is up 16.00% versus a gain of 13.43% for IVV.
Over three years, FLV compounded at +16.10% per year against +21.47% for IVV; over five years the annualized figures are +10.12% and +13.26% respectively. Across the full 6-year window we track, FLV has the edge at +16.03% annualized vs +7.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.3% for FLV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -15.1% for FLV and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FLV charges 0.42% per year while IVV charges 0.03%. On a $10,000 position that is $42 vs $3 annually, a gap of $39 per year that compounds over a long holding period. On income, FLV currently yields 1.59% against 1.09% for IVV.
Holdings Overlap
FLV and IVV share 44 holdings out of 513 unique holdings combined, representing a 20.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FLV or IVV?
FLV has an expense ratio of 0.42% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $39 per year of difference.
Which performed better, FLV or IVV?
Over the past year FLV returned +23.40% vs +22.61% for IVV, so FLV leads on 1-year performance. Over the longest common window we track (6 years), FLV annualized +16.03% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, FLV or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 13.3% for FLV. Worst drawdown: FLV -15.1% vs IVV -56.5%.
Should I hold both FLV and IVV?
FLV and IVV have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLV and IVV?
FLV and IVV share 44 common holdings with a 20.1% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, FLV or IVV?
FLV yields 1.59% while IVV yields 1.09%, so FLV currently pays the higher dividend yield.
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