FLV vs QQQ
American Century Focused Large Cap Value ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | FLV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.42% | 0.18% | |
| AUM | $364M | $455.8B | |
| Dividend Yield | 1.59% | 0.41% | |
| Holdings | 50 | 108 | |
| YTD Return | +16.00% | +17.46% | |
| 1Y Return | +23.40% | +26.02% | |
| 3Y Return (annualized) | +16.10% | +25.51% | |
| 5Y Return (annualized) | +10.12% | +15.12% | |
| Volatility (annualized) | 13.3% | 30.6% | |
| Max Drawdown | -15.1% | -83.0% | |
| Fund Family | American Century ETFs | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 31, 2020 | Mar 10, 1999 |
FLV vs QQQ Performance
American Century Focused Large Cap Value ETF (FLV) is a ETF from American Century ETFs and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FLV returned +23.40% while QQQ returned +26.02%. Year to date, FLV is up 16.00% versus a gain of 17.46% for QQQ.
Over three years, FLV compounded at +16.10% per year against +25.51% for QQQ; over five years the annualized figures are +10.12% and +15.12% respectively. Across the full 6-year window we track, FLV has the edge at +16.03% annualized vs +13.08%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% 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 -83.0% for QQQ. 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 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLV charges 0.42% per year while QQQ charges 0.18%. On a $10,000 position that is $42 vs $18 annually, a gap of $24 per year that compounds over a long holding period. On income, FLV currently yields 1.59% against 0.41% for QQQ.
Holdings Overlap
FLV and QQQ share 14 holdings out of 141 unique holdings combined, representing a 16.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FLV or QQQ?
FLV has an expense ratio of 0.42% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $24 per year of difference.
Which performed better, FLV or QQQ?
Over the past year FLV returned +23.40% vs +26.02% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), FLV annualized +16.03% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, FLV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 13.3% for FLV. Worst drawdown: FLV -15.1% vs QQQ -83.0%.
Should I hold both FLV and QQQ?
FLV and QQQ have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLV and QQQ?
FLV and QQQ share 14 common holdings with a 16.3% weight overlap. Combined, they hold 141 unique securities.
Which pays a higher dividend, FLV or QQQ?
FLV yields 1.59% while QQQ yields 0.41%, so FLV currently pays the higher dividend yield.
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