AELV vs FLV
Harbor AlphaEdge Large Cap Value ETF vs American Century Focused Large Cap Value ETF
Which is better, AELV or FLV?
AELV has been ahead.
AELV has a lower expense ratio. AELV led over 1Y and the full window. FLV is less concentrated, with 32.6% of the fund in its ten largest positions against 37.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AELV | FLV |
|---|---|---|
| Expense Ratio | 0.25%Best | 0.42% |
| AUM | $3M | $379M |
| Dividend Yield | 1.38% | 1.73% |
| Holdings | 150 | 56 |
| YTD Return | +11.24% | +12.50%Best |
| 1Y Return | +18.09%Best | +16.84% |
| 3Y Return (annualized) | - | +16.33% |
| 5Y Return (annualized) | - | +9.83% |
| Volatility (annualized) | 10.7%Best | 12.1% |
| Max Drawdown | -16.6% | -12.4%Best |
| $10,000 over 2.1 years | $13,487Best | $12,749 |
| Top 10 Weight | 37.0% | 32.6%Best |
| Fund Family | Harbor Funds | American Century ETFs |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 4, 2024 | Mar 31, 2020 |
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Sep 5, 2024 to Oct 14, 2026 (2.1 years).
AELV vs FLV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.1 years both funds cover.
AELV vs FLV Performance
Harbor AlphaEdge Large Cap Value ETF (AELV) is an ETF from Harbor Funds and American Century Focused Large Cap Value ETF (FLV) is an ETF from American Century ETFs. Over the past year AELV returned +18.09% while FLV returned +16.84%. Year to date, AELV is up 11.24% versus a gain of 12.50% for FLV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FLV has been the more volatile fund, with annualized monthly volatility of 12.1% compared with 10.7% for AELV. 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 -16.6% for AELV and -12.4% for FLV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AELV charges 0.25% per year while FLV charges 0.42%. On a $10,000 position that is $25 vs $42 annually, a gap of $17 per year that compounds over a long holding period. On income, AELV currently yields 1.38% against 1.73% for FLV.
Holdings Overlap
25.9% of AELV's money is in holdings FLV also owns. 27.6% of FLV's money is in holdings AELV also owns.
FLV and AELV share little of their money.
The two holdings books were reported 95 days apart, AELV as of Oct 3, 2026 and FLV as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
13 positions in common, counted across the 75 positions we hold weights for in AELV and 52 in FLV, against full books of 150 and 56.
What only one of them owns
Our book lists 34 positions for FLV that do not appear in our book for AELV (65.6% of the fund), and 59 for AELV that do not appear in FLV (72.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in AELV | Weight in FLV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.05% | 2.58% | 4.47% |
| JNJJohnson & Johnson - Common | 4.56% | 3.28% | 1.28% |
| MSFTMicrosoft Corp | 3.13% | 3.46% | 0.33% |
| AMZNAmazon.Com Inc | 3.20% | 3.07% | 0.13% |
| JPMJpmorgan Chase | 0.55% | 3.25% | 2.70% |
| CVXChevron Corp | 1.11% | 2.22% | 1.11% |
| MDTMedtronic Plc Ordinary Shares | 0.57% | 2.59% | 2.02% |
| AMPAmeriprise Financial Inc | 2.07% | 1.07% | 1.00% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.79% | 1.82% | 1.03% |
| GOOGLAlphabet Inc | 0.53% | 1.33% | 0.80% |
27.6% of FLV is already inside AELV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AELV or FLV?
AELV has an expense ratio of 0.25% while FLV charges 0.42%. AELV is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, AELV or FLV?
Over the past year AELV returned +18.09% vs +16.84% for FLV, so AELV leads on 1-year performance. Over the longest common window we track (2 years), AELV annualized +15.31% vs +12.26% for FLV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AELV or FLV?
FLV has been the more volatile fund at 12.1% annualized versus 10.7% for AELV. Worst drawdown: AELV -16.6% vs FLV -12.4%.
Should I hold both AELV and FLV?
AELV and FLV have a monthly-return correlation of 0.77, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between AELV and FLV?
27.6% of FLV's money is in holdings AELV also owns. 27.6% of FLV's is in holdings AELV also owns. They hold 13 positions in common, counted across the 75 positions we hold weights for in AELV and 52 in FLV.
Which pays a higher dividend, AELV or FLV?
AELV yields 1.38% while FLV yields 1.73%, so FLV currently pays the higher dividend yield.
Is FLV better than AELV?
AELV has a lower expense ratio. AELV led over 1Y and the full window. FLV is less concentrated, with 32.6% of the fund in its ten largest positions against 37.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.