OUSM vs. VONE

Last updated Jun 13, 2026

OUSM (OShares U.S. Small-Cap Quality Dividend ETF) and VONE (Vanguard Russell 1000 ETF) are both exchange-traded funds - OUSM is a Small Cap Blend Equities fund tracking the O'Shares US Small-Cap Quality Dividend Index, while VONE is a Large Cap Blend Equities fund tracking the Russell 1000 Index. Both are passively managed. Over the past 5 years, OUSM returned 7.57%/yr vs 12.60%/yr for VONE. Their correlation of 0.80 suggests significant overlap in exposure. OUSM charges 0.48%/yr vs 0.08%/yr for VONE.

Performance

OUSM vs. VONE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OShares U.S. Small-Cap Quality Dividend ETF (OUSM) 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, OUSM achieves a 8.25% return, which is significantly lower than VONE's 8.90% return.

OUSM

• 1D: 0.94%
• 1M: 2.04%
• YTD: 8.25%
• 6M: 6.15%
• 1Y: 11.79%
• 3Y*: 11.20%
• 5Y*: 7.57%
• 10Y*: —

VONE

• 1D: 0.43%
• 1M: 0.28%
• YTD: 8.90%
• 6M: 9.17%
• 1Y: 23.83%
• 3Y*: 20.64%
• 5Y*: 12.60%
• 10Y*: 15.21%

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

OUSM vs. VONE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OUSM OShares U.S. Small-Cap Quality Dividend ETF	8.25%	2.17%	13.45%	18.82%	-7.89%	21.45%	7.64%	28.04%	-10.60%	10.85%
VONE Vanguard Russell 1000 ETF	8.90%	17.21%	24.51%	26.41%	-19.14%	26.49%	20.95%	31.12%	-4.84%	21.55%

Correlation

The correlation between OUSM and VONE is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Dec 30, 2016	0.80

The correlation between OUSM and VONE shifts across timeframes, from 0.63 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.

OUSM vs. VONE - Sectors Allocation Comparison

Sectors	OUSM	VONE
Industrials	22.8%	9.2%
Financial Services	21.1%	11.9%
Consumer Cyclical	19.3%	10.3%
Technology	13.5%	33.9%
Healthcare	9.2%	8.7%
Consumer Defensive	4.9%	4.8%
Utilities	3.9%	2.3%
Communication Services	3.8%	10.9%
Basic Materials	1.4%	2.0%
Energy	0.3%	3.7%
Real Estate	-	2.2%

Return for Risk

OUSM vs. VONE — Risk / Return Rank

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

OUSM

OUSM Risk / Return Rank: 28
OUSM Sharpe Ratio Rank: 28
OUSM Sortino Ratio Rank: 29
OUSM Omega Ratio Rank: 26
OUSM Calmar Ratio Rank: 30
OUSM Martin Ratio Rank: 29

VONE

VONE Risk / Return Rank: 68
VONE Sharpe Ratio Rank: 69
VONE Sortino Ratio Rank: 67
VONE Omega Ratio Rank: 67
VONE Calmar Ratio Rank: 62
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.

OUSM vs. VONE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OShares U.S. Small-Cap Quality Dividend ETF (OUSM) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	OUSM	VONE	Difference
Sharpe ratio: Return per unit of total volatility	0.89	1.93	-1.04
Sortino ratio: Return per unit of downside risk	1.42	2.64	-1.22
Omega ratio: Gain probability vs. loss probability	1.16	1.35	-0.19
Calmar ratio: Return relative to maximum drawdown	1.29	2.71	-1.42
Martin ratio: Return relative to average drawdown	3.76	12.15	-8.39

OUSM vs. VONE - Sharpe Ratio Comparison

The current OUSM Sharpe Ratio is 0.89, which is lower than the VONE Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of OUSM 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.

Drawdowns

OUSM vs. VONE - Drawdown Comparison

The maximum OUSM drawdown since its inception was -39.84%, which is greater than VONE's maximum drawdown of -34.66%. Use the drawdown chart below to compare losses from any high point for OUSM and VONE.

Drawdown Indicators

	OUSM	VONE	Difference
Max Drawdown Largest peak-to-trough decline	-39.84%	-34.66%	-5.18%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-8.85%	-0.36%
Max Drawdown (3Y) Largest decline over 3 years	-19.44%	-19.06%	-0.38%
Max Drawdown (5Y) Largest decline over 5 years	-19.44%	-25.12%	+5.68%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.66%	—
Current Drawdown Current decline from peak	-0.33%	-2.20%	+1.87%
Average Drawdown Average peak-to-trough decline	-5.20%	-3.90%	-1.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	1.97%	+1.18%

Volatility

OUSM vs. VONE - Volatility Comparison

The current volatility for OShares U.S. Small-Cap Quality Dividend ETF (OUSM) is 3.89%, while Vanguard Russell 1000 ETF (VONE) has a volatility of 4.24%. This indicates that OUSM experiences smaller price fluctuations and is considered to be less risky than VONE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OUSM	VONE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.89%	4.24%	-0.35%
Volatility (6M) Calculated over the trailing 6-month period	9.31%	9.61%	-0.30%
Volatility (1Y) Calculated over the trailing 1-year period	13.26%	12.39%	+0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.32%	17.14%	-0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.92%	18.27%	+0.65%

OUSM vs. VONE - Expense Ratio Comparison

OUSM has a 0.48% expense ratio, which is higher than VONE's 0.08% expense ratio.

Dividends

OUSM vs. VONE - Dividend Comparison

OUSM's dividend yield for the trailing twelve months is around 2.04%, more than VONE's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OUSM OShares U.S. Small-Cap Quality Dividend ETF	2.04%	2.09%	1.62%	1.64%	1.98%	1.55%	2.02%	1.99%	2.63%	2.17%	0.00%	0.00%
VONE Vanguard Russell 1000 ETF	1.01%	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 OUSM and VONE in my portfolio?

OUSM and VONE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OUSM or VONE?

VONE has higher volatility (4.24%) compared to OUSM (3.89%). In terms of maximum drawdown, OUSM dropped -39.84% vs VONE's -34.66%.

Which ETF is better, OUSM or VONE?

On 5-year performance, VONE leads with 12.60% vs 7.57% for OUSM. On fees, VONE is cheaper at 0.08% per year. On volatility, OUSM has been the lower-risk option at 3.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OUSM or VONE?

Over the 5-year period, VONE has performed better with a 12.60% return vs 7.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OUSM or VONE?

VONE is cheaper with a 0.08% expense ratio, compared with 0.48% for OUSM.

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

OUSM has the higher dividend yield at 2.04%, compared with 1.01% for VONE.

What is the main difference between OUSM and VONE?

OUSM is categorized as Small Cap Blend Equities, while VONE is Large Cap Blend Equities. OUSM tracks O'Shares US Small-Cap Quality Dividend Index, while VONE tracks Russell 1000 Index. They also come from different issuers: O'Shares Investments and Vanguard. Their fees differ too: 0.48% for OUSM and 0.08% for VONE.

Which has better risk-adjusted returns?

VONE currently has the higher Sharpe Ratio (1.93 vs 0.89), 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.