FLV vs VYM
FLV vs VYM
American Century Focused Large Cap Value ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | FLV | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.42% | 0.04% | |
| AUM | $364M | $79.0B | |
| Dividend Yield | 1.59% | 2.86% | |
| Holdings | 50 | 568 | |
| YTD Return | +15.68% | +15.80% | |
| 1Y Return | +23.57% | +26.12% | |
| 3Y Return (annualized) | +15.86% | +18.25% | |
| 5Y Return (annualized) | +10.30% | +12.51% | |
| Volatility (annualized) | 13.3% | 14.6% | |
| Max Drawdown | -15.1% | -58.8% | |
| Fund Family | American Century ETFs | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 31, 2020 | Nov 10, 2006 |
FLV vs VYM Performance
American Century Focused Large Cap Value ETF (FLV) is a ETF from American Century ETFs and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year FLV returned +23.57% while VYM returned +26.12%. Year to date, FLV is up 15.68% versus a gain of 15.80% for VYM.
Over three years, FLV compounded at +15.86% per year against +18.25% for VYM; over five years the annualized figures are +10.30% and +12.51% respectively. Across the full 6-year window we track, FLV has the edge at +16.01% annualized vs +7.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FLV charges 0.42% per year while VYM charges 0.04%. On a $10,000 position that is $42 vs $4 annually, a gap of $38 per year that compounds over a long holding period. On income, FLV currently yields 1.59% against 2.86% for VYM.
Holdings Overlap
FLV and VYM share 34 holdings out of 576 unique holdings combined, representing a 19.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FLV | Weight in VYM | Difference |
|---|---|---|---|
| JPM:US | 3.25% | 3.36% | 0.11% |
| JNJ | 3.28% | 2.62% | 0.66% |
| DUK | 3.54% | 0.45% | 3.09% |
| CVX | Pro | Pro | Pro |
| BDX | Pro | Pro | Pro |
| UNH | Pro | Pro | Pro |
| BLK | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| MDT:IE | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
See all 10 holdings FLV shares with VYM Exact weights in each fund and the difference, for every overlapping position. X-ray my whole portfolio$99/yr Pro · 7-day refund | |||
Frequently Asked Questions
Which is cheaper, FLV or VYM?
FLV has an expense ratio of 0.42% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $38 per year of difference.
Which performed better, FLV or VYM?
Over the past year FLV returned +23.57% vs +26.12% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (6 years), FLV annualized +16.01% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, FLV or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 13.3% for FLV. Worst drawdown: FLV -15.1% vs VYM -58.8%.
Should I hold both FLV and VYM?
FLV and VYM have a monthly-return correlation of 0.94, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FLV and VYM?
FLV and VYM share 34 common holdings with a 19.0% weight overlap. Combined, they hold 576 unique securities.
Which pays a higher dividend, FLV or VYM?
FLV yields 1.59% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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