FLV vs IWD
American Century Focused Large Cap Value ETF vs iShares Russell 1000 Value ETF
Which is better, FLV or IWD?
IWD has been ahead.
IWD has a lower expense ratio. IWD led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. IWD is less concentrated, with 29.7% of the fund in its ten largest positions against 32.6%.
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 | FLV | IWD |
|---|---|---|
| Expense Ratio | 0.42% | 0.18%Best |
| AUM | $379M | $83.2B |
| Dividend Yield | 1.73% | 1.43% |
| Holdings | 56 | 869 |
| YTD Return | +12.50% | +21.07%Best |
| 1Y Return | +16.84% | +27.09%Best |
| 3Y Return (annualized) | +16.33% | +20.91%Best |
| 5Y Return (annualized) | +9.83% | +11.56%Best |
| Volatility (annualized) | 13.4%Best | 14.8% |
| Max Drawdown | -15.1%Best | -19.0% |
| $10,000 over 5 years | $15,981 | $17,280Best |
| Top 10 Weight | 32.6% | 29.7%Best |
| Fund Family | American Century ETFs | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Mar 31, 2020 | May 22, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Apr 2, 2020 to Oct 14, 2026 (6.5 years).
FLV vs IWD 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 6.5 years both funds cover.
FLV vs IWD Performance
American Century Focused Large Cap Value ETF (FLV) is an ETF from American Century ETFs and iShares Russell 1000 Value ETF (IWD) is an ETF from iShares by BlackRock (US). Over the past year FLV returned +16.84% while IWD returned +27.09%. Year to date, FLV is up 12.50% versus a gain of 21.07% for IWD.
Over three years, FLV compounded at +16.33% per year against +20.91% for IWD; over five years the annualized figures are +9.83% and +11.56% respectively. Across the full 7-year window we track, IWD has the edge at +17.85% annualized vs +15.03%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWD has been the more volatile fund, with annualized monthly volatility of 14.8% compared with 13.4% 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 -19.0% for IWD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 IWD 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 1.73% against 1.43% for IWD.
Holdings Overlap
82.8% of FLV's money is in holdings IWD also owns. 31.2% of IWD's money is in holdings FLV also owns.
Most of FLV is already inside IWD. Owning both mostly buys the same companies twice.
The two holdings books were reported 93 days apart, FLV as of Jun 30, 2026 and IWD as of Oct 1, 2026, so some of the difference between them is the time between the two reports rather than the funds.
43 positions in common, counted across the 52 positions we hold weights for in FLV and 871 in IWD, against full books of 56 and 869.
What only one of them owns
Our book lists 750 positions for IWD that do not appear in our book for FLV (67.2% of the fund), and 4 for FLV that do not appear in IWD (10.3%).
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 FLV | Weight in IWD | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 3.07% | 6.06% | 2.99% |
| MSFTMicrosoft Corp | 3.46% | 5.23% | 1.77% |
| AAPLApple, Inc | 2.58% | 6.01% | 3.43% |
| JPMJpmorgan Chase | 3.25% | 2.45% | 0.80% |
| JNJJohnson & Johnson - Common | 3.28% | 1.71% | 1.57% |
| DUKDuke Energy Corp | 3.54% | 0.24% | 3.30% |
| BDXBecton Dickinson And Co. | 3.20% | 0.13% | 3.07% |
| CVXChevron Corp | 2.22% | 1.05% | 1.17% |
| UNHUnitedhealth Group Incorporated | 2.22% | 0.91% | 1.31% |
| BLKBlackrock Funding Inc/De | 2.65% | 0.45% | 2.20% |
82.8% of FLV is already inside IWD.
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, FLV or IWD?
FLV has an expense ratio of 0.42% while IWD charges 0.18%. IWD is the cheaper option, by $24 a year on a $10,000 investment.
Which performed better, FLV or IWD?
Over the past year FLV returned +16.84% vs +27.09% for IWD, so IWD leads on 1-year performance. Over the longest common window we track (7 years), FLV annualized +15.03% vs +17.85% for IWD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLV or IWD?
IWD has been the more volatile fund at 14.8% annualized versus 13.4% for FLV. Worst drawdown: FLV -15.1% vs IWD -19.0%.
Should I hold both FLV and IWD?
FLV and IWD have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FLV and IWD?
82.8% of FLV's money is in holdings IWD also owns. 31.2% of IWD's is in holdings FLV also owns. They hold 43 positions in common, counted across the 52 positions we hold weights for in FLV and 871 in IWD.
Which pays a higher dividend, FLV or IWD?
FLV yields 1.73% while IWD yields 1.43%, so FLV currently pays the higher dividend yield.
Is IWD better than FLV?
IWD has a lower expense ratio. IWD led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. IWD is less concentrated, with 29.7% of the fund in its ten largest positions against 32.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.