FLV vs TVAL
American Century Focused Large Cap Value ETF vs T. Rowe Price Value ETF
Which is better, FLV or TVAL?
TVAL has been ahead.
TVAL has a lower expense ratio. TVAL led over 1Y, 3Y and the full window. TVAL is less concentrated, with 29.8% 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 | TVAL |
|---|---|---|
| Expense Ratio | 0.42% | 0.33%Best |
| AUM | $379M | $1.1B |
| Dividend Yield | 1.73% | 0.97% |
| Holdings | 56 | 155 |
| YTD Return | +12.50% | +20.77%Best |
| 1Y Return | +16.84% | +27.42%Best |
| 3Y Return (annualized) | +16.33% | +20.43%Best |
| 5Y Return (annualized) | +9.83% | - |
| Volatility (annualized) | 11.6%Best | 12.2% |
| Max Drawdown | -12.4%Best | -15.8% |
| $10,000 over 3.3 years | $15,232 | $17,223Best |
| Top 10 Weight | 32.6% | 29.8%Best |
| Fund Family | American Century ETFs | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Mar 31, 2020 | Jun 14, 2023 |
Volatility and max drawdown, and the $10,000 over 3.3 years row, are measured over the window both funds cover: Jun 15, 2023 to Oct 14, 2026 (3.3 years).
FLV vs TVAL 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 3.3 years both funds cover.
FLV vs TVAL Performance
American Century Focused Large Cap Value ETF (FLV) is an ETF from American Century ETFs and T. Rowe Price Value ETF (TVAL) is an ETF from T.Rowe Price. Over the past year FLV returned +16.84% while TVAL returned +27.42%. Year to date, FLV is up 12.50% versus a gain of 20.77% for TVAL.
Over three years, FLV compounded at +16.33% per year against +20.43% for TVAL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TVAL has been the more volatile fund, with annualized monthly volatility of 12.2% compared with 11.6% 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 -12.4% for FLV and -15.8% for TVAL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FLV charges 0.42% per year while TVAL charges 0.33%. On a $10,000 position that is $42 vs $33 annually, a gap of $9 per year that compounds over a long holding period. On income, FLV currently yields 1.73% against 0.97% for TVAL.
Holdings Overlap
44.3% of FLV's money is in holdings TVAL also owns. 30.9% of TVAL's money is in holdings FLV also owns.
The two portfolios partly overlap.
The two holdings books were reported 76 days apart, FLV as of Jun 30, 2026 and TVAL as of Sep 14, 2026, so some of the difference between them is the time between the two reports rather than the funds.
19 positions in common, counted across the 52 positions we hold weights for in FLV and 148 in TVAL, against full books of 56 and 155.
What only one of them owns
Our book lists 121 positions for TVAL that do not appear in our book for FLV (64.4% of the fund), and 28 for FLV that do not appear in TVAL (48.9%).
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 TVAL | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 3.07% | 6.50% | 3.43% |
| MSFTMicrosoft Corp | 3.46% | 5.15% | 1.69% |
| AAPLApple, Inc | 2.58% | 5.78% | 3.20% |
| JNJJohnson & Johnson - Common | 3.28% | 1.82% | 1.46% |
| JPMJpmorgan Chase | 3.25% | 1.74% | 1.51% |
| MMCMarsh & Mclennan Cos Inc Common Stock Usd 1 | 4.04% | 0.24% | 3.80% |
| SCHWSchwab Strategic T | 2.07% | 1.69% | 0.38% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 3.46% | 0.27% | 3.19% |
| UNHUnitedhealth Group Incorporated | 2.22% | 1.25% | 0.97% |
| BLKBlackrock Funding Inc/De | 2.65% | 0.81% | 1.84% |
44.3% of FLV is already inside TVAL.
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 TVAL?
FLV has an expense ratio of 0.42% while TVAL charges 0.33%. TVAL is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, FLV or TVAL?
Over the past year FLV returned +16.84% vs +27.42% for TVAL, so TVAL leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLV or TVAL?
TVAL has been the more volatile fund at 12.2% annualized versus 11.6% for FLV. Worst drawdown: FLV -12.4% vs TVAL -15.8%.
Should I hold both FLV and TVAL?
FLV and TVAL have a monthly-return correlation of 0.86, 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 FLV and TVAL?
44.3% of FLV's money is in holdings TVAL also owns. 30.9% of TVAL's is in holdings FLV also owns. They hold 19 positions in common, counted across the 52 positions we hold weights for in FLV and 148 in TVAL.
Which pays a higher dividend, FLV or TVAL?
FLV yields 1.73% while TVAL yields 0.97%, so FLV currently pays the higher dividend yield.
Is TVAL better than FLV?
TVAL has a lower expense ratio. TVAL led over 1Y, 3Y and the full window. TVAL is less concentrated, with 29.8% 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.