IWD vs. VONE

Last updated Jun 4, 2026

IWD (iShares Russell 1000 Value ETF) and VONE (Vanguard Russell 1000 ETF) are both exchange-traded funds - IWD is a Large Cap Value Equities fund tracking the Russell 1000 Value Index, while VONE is a Large Cap Blend Equities fund tracking the Russell 1000 Index. Both are passively managed. Over the past 10 years, IWD returned 11.23%/yr vs 15.25%/yr for VONE. Their correlation of 0.89 suggests significant overlap in exposure. IWD charges 0.18%/yr vs 0.08%/yr for VONE.

Performance

IWD vs. VONE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 1000 Value ETF (IWD) and Vanguard Russell 1000 ETF (VONE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IWD achieves a 14.20% return, which is significantly higher than VONE's 10.56% return. Over the past 10 years, IWD has underperformed VONE with an annualized return of 11.23%, while VONE has yielded a comparatively higher 15.25% annualized return.

IWD

• 1D: -0.01%
• 1M: 4.22%
• YTD: 14.20%
• 6M: 14.76%
• 1Y: 28.16%
• 3Y*: 18.40%
• 5Y*: 10.17%
• 10Y*: 11.23%

VONE

• 1D: -0.70%
• 1M: 4.95%
• YTD: 10.56%
• 6M: 10.53%
• 1Y: 27.04%
• 3Y*: 22.12%
• 5Y*: 13.08%
• 10Y*: 15.25%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IWD vs. VONE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IWD iShares Russell 1000 Value ETF	14.20%	15.68%	14.17%	11.34%	-7.75%	24.95%	2.73%	26.12%	-8.45%	13.45%
VONE Vanguard Russell 1000 ETF	10.56%	17.21%	24.51%	26.41%	-19.14%	26.49%	20.95%	31.12%	-4.84%	21.55%

Correlation

The correlation between IWD and VONE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Sep 23, 2010	0.89

The correlation between IWD and VONE shifts across timeframes, from 0.79 (3 years) to 0.89 (all time), reflecting how their relationship changes across market environments.

IWD vs. VONE - Sectors Allocation Comparison

Sectors	IWD	VONE
Financial Services	18.5%	11.9%
Technology	17.9%	33.9%
Industrials	12.7%	9.2%
Healthcare	10.5%	8.7%
Communication Services	8.2%	10.9%
Consumer Cyclical	7.0%	10.3%
Consumer Defensive	6.7%	4.8%
Energy	6.5%	3.7%
Utilities	4.1%	2.3%
Real Estate	3.9%	2.2%
Basic Materials	3.7%	2.0%

Return for Risk

IWD vs. VONE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IWD

IWD Risk / Return Rank: 80
IWD Sharpe Ratio Rank: 79
IWD Sortino Ratio Rank: 82
IWD Omega Ratio Rank: 78
IWD Calmar Ratio Rank: 79
IWD Martin Ratio Rank: 84

VONE

VONE Risk / Return Rank: 67
VONE Sharpe Ratio Rank: 67
VONE Sortino Ratio Rank: 66
VONE Omega Ratio Rank: 66
VONE Calmar Ratio Rank: 61
VONE Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IWD vs. VONE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Value ETF (IWD) and Vanguard Russell 1000 ETF (VONE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	IWD	VONE	Difference
Sharpe ratio Return per unit of total volatility	2.63	2.27	+0.36
Sortino ratio Return per unit of downside risk	3.71	3.13	+0.59
Omega ratio Gain probability vs. loss probability	1.47	1.41	+0.07
Calmar ratio Return relative to maximum drawdown	4.17	3.07	+1.10
Martin ratio Return relative to average drawdown	17.46	14.15	+3.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWD vs. VONE - Sharpe Ratio Comparison

The current IWD Sharpe Ratio is 2.63, which is comparable to the VONE Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of IWD and VONE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IWD	VONE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	2.27	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.77	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.84	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.85	-0.43

Drawdowns

IWD vs. VONE - Drawdown Comparison

The maximum IWD drawdown since its inception was -60.10%, which is greater than VONE's maximum drawdown of -34.66%. Use the drawdown chart below to compare losses from any high point for IWD and VONE.

Drawdown Indicators

	IWD	VONE	Difference
Max Drawdown Largest peak-to-trough decline	-60.10%	-34.66%	-25.44%
Max Drawdown (1Y) Largest decline over 1 year	-6.79%	-8.85%	+2.06%
Max Drawdown (3Y) Largest decline over 3 years	-15.71%	-19.06%	+3.35%
Max Drawdown (5Y) Largest decline over 5 years	-19.04%	-25.12%	+6.08%
Max Drawdown (10Y) Largest decline over 10 years	-38.51%	-34.66%	-3.85%
Current Drawdown Current decline from peak	-0.01%	-0.70%	+0.69%
Average Drawdown Average peak-to-trough decline	-8.65%	-3.91%	-4.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	1.92%	-0.30%

Volatility

IWD vs. VONE - Volatility Comparison

iShares Russell 1000 Value ETF (IWD) and Vanguard Russell 1000 ETF (VONE) have volatilities of 2.90% and 2.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWD	VONE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.90%	2.82%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	8.06%	8.99%	-0.93%
Volatility (1Y) Calculated over the trailing 1-year period	10.77%	11.97%	-1.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.81%	17.08%	-2.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.29%	18.25%	-0.96%

IWD vs. VONE - Expense Ratio Comparison

IWD has a 0.18% expense ratio, which is higher than VONE's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IWD vs. VONE - Dividend Comparison

IWD's dividend yield for the trailing twelve months is around 1.50%, more than VONE's 0.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWD iShares Russell 1000 Value ETF	1.50%	1.69%	1.87%	2.02%	2.15%	1.62%	2.05%	2.45%	2.71%	2.09%	2.25%	2.47%
VONE Vanguard Russell 1000 ETF	0.99%	1.07%	1.20%	1.40%	1.59%	1.16%	1.45%	1.65%	1.96%	1.69%	1.89%	1.89%

Frequently Asked Questions

Can I hold both IWD and VONE in my portfolio?

IWD and VONE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IWD or VONE?

IWD has higher volatility (2.90%) compared to VONE (2.82%). In terms of maximum drawdown, IWD dropped -60.10% vs VONE's -34.66%.

Which ETF is better, IWD or VONE?

On 10-year performance, VONE leads with 15.25% vs 11.23% for IWD. On fees, VONE is cheaper at 0.08% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IWD or VONE?

Over the 10-year period, VONE has performed better with a 15.25% return vs 11.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IWD or VONE?

VONE is cheaper with a 0.08% expense ratio, compared with 0.18% for IWD.

Which ETF pays a higher dividend yield, IWD or VONE?

IWD has the higher dividend yield at 1.50%, compared with 0.99% for VONE.

What is the main difference between IWD and VONE?

IWD is categorized as Large Cap Value Equities, while VONE is Large Cap Blend Equities. IWD tracks Russell 1000 Value Index, while VONE tracks Russell 1000 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.18% for IWD and 0.08% for VONE.

Which has better risk-adjusted returns?

IWD currently has the higher Sharpe Ratio (2.63 vs 2.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.