Methods and systems are provided for regulating fluid flow through a three-way valve assembly, including a three-way split conduit coupled to a movable rotary ring with plurality of openings. In one example, a three-way split conduit may include one fluid inlet conduit splitting into two outlet conduits with an included angle of less than 90 degrees between the two splitting outlet conduits. A movable rotary ring coupled to the three-way split conduit may be rotated by an actuator to open or block the three way split conduits, regulating the fluid flow passages along the three-way valve assembly.