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VDE vs. VONE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VDE vs. VONE

Last updated Jun 23, 2026

VDE (Vanguard Energy ETF) and VONE (Vanguard Russell 1000 ETF) are both exchange-traded funds - VDE is a Energy Equities fund tracking the MSCI US Investable Market Energy 25/50 Index, while VONE is a Large Cap Blend Equities fund tracking the Russell 1000 Index. Both are passively managed. Over the past 10 years, VDE returned 8.84%/yr vs 15.46%/yr for VONE. A 0.56 correlation means they provide meaningful diversification when combined. VDE charges 0.09%/yr vs 0.08%/yr for VONE.

Performance

VDE vs. VONE - Performance Comparison

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

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Returns By Period

In the year-to-date period, VDE achieves a 22.80% return, which is significantly higher than VONE's 9.48% return. Over the past 10 years, VDE has underperformed VONE with an annualized return of 8.84%, while VONE has yielded a comparatively higher 15.46% annualized return.

VDE

1D
1.27%
1M
-8.49%
YTD
22.80%
6M
24.09%
1Y
26.80%
3Y*
15.90%
5Y*
18.82%
10Y*
8.84%

VONE

1D
-0.27%
1M
0.31%
YTD
9.48%
6M
9.01%
1Y
25.90%
3Y*
21.09%
5Y*
12.72%
10Y*
15.46%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VDE vs. VONE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VDE
Vanguard Energy ETF		22.80%7.11%6.75%0.03%62.89%56.31%-33.02%9.28%-19.95%-2.50%
VONE
Vanguard Russell 1000 ETF		9.48%17.21%24.51%26.41%-19.14%26.49%20.95%31.12%-4.84%21.55%

Correlation

The correlation between VDE and VONE is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.07

Correlation (3Y)
Calculated over the trailing 3-year period

0.19

Correlation (5Y)
Calculated over the trailing 5-year period

0.33

Correlation (10Y)
Calculated over the trailing 10-year period

0.45

Correlation (All Time)
Calculated using the full available price history since Sep 22, 2010

0.56

The correlation between VDE and VONE shifts across timeframes, from -0.07 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.

VDE vs. VONE - Sectors Allocation Comparison

Sectors
VDE
VONE

Energy

99.5%
3.7%

Basic Materials

0.4%
2.0%

Industrials

0.1%
9.2%

Communication Services

-

10.9%

Consumer Cyclical

-

10.3%

Consumer Defensive

-

4.8%

Financial Services

-

11.9%

Healthcare

-

8.7%

Real Estate

-

2.2%

Technology

-

33.9%

Utilities

-

2.3%

Energy

VDE
99.5%
VONE
3.7%

Basic Materials

VDE
0.4%
VONE
2.0%

Industrials

VDE
0.1%
VONE
9.2%

Communication Services

VDE

-

VONE
10.9%

Consumer Cyclical

VDE

-

VONE
10.3%

Consumer Defensive

VDE

-

VONE
4.8%

Financial Services

VDE

-

VONE
11.9%

Healthcare

VDE

-

VONE
8.7%

Real Estate

VDE

-

VONE
2.2%

Technology

VDE

-

VONE
33.9%

Utilities

VDE

-

VONE
2.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Energy ETF

Vanguard Russell 1000 ETF

Often compared with VDE:
VDE vs. XLEVDE vs. IXCVDE vs. FENYVDE vs. VOOVDE vs. VGENXVDE vs. XOPVDE vs. VGT
Often compared with VONE:
VONE vs. VONGVONE vs. VOOVONE vs. IWBVONE vs. VONVVONE vs. SPYVONE vs. VTHRVONE vs. VWUSX

Return for Risk

VDE vs. VONE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VDE
VDE Risk / Return Rank: 3636
Overall Rank
VDE Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
VDE Sortino Ratio Rank: 3535
Sortino Ratio Rank
VDE Omega Ratio Rank: 3333
Omega Ratio Rank
VDE Calmar Ratio Rank: 3939
Calmar Ratio Rank
VDE Martin Ratio Rank: 3939
Martin Ratio Rank
VONE
VONE Risk / Return Rank: 6565
Overall Rank
VONE Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
VONE Sortino Ratio Rank: 6464
Sortino Ratio Rank
VONE Omega Ratio Rank: 6565
Omega Ratio Rank
VONE Calmar Ratio Rank: 6161
Calmar Ratio Rank
VONE Martin Ratio Rank: 7272
Martin Ratio Rank
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.

VDE vs. VONE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Energy ETF (VDE) 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.

VDEVONEDifference
Sharpe ratioReturn per unit of total volatility
1.29
2.08

-0.79

Sortino ratioReturn per unit of downside risk
1.78
2.84

-1.06

Omega ratioGain probability vs. loss probability

1.22

1.37

-0.16

Calmar ratioReturn relative to maximum drawdown

1.90

2.94

-1.04

Martin ratioReturn relative to average drawdown

5.92

13.14

-7.22

VDE vs. VONE - Sharpe Ratio Comparison

The current VDE Sharpe Ratio is 1.29, which is lower than the VONE Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of VDE 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.

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Drawdowns

VDE vs. VONE - Drawdown Comparison

The maximum VDE drawdown since its inception was -74.20%, which is greater than VONE's maximum drawdown of -34.66%. Use the drawdown chart below to compare losses from any high point for VDE and VONE.

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Drawdown Indicators

VDEVONEDifference

Max Drawdown

Largest peak-to-trough decline

-74.20%

-34.66%

-39.54%

Max Drawdown (1Y)

Largest decline over 1 year

-14.20%

-8.85%

-5.35%

Max Drawdown (3Y)

Largest decline over 3 years

-21.41%

-19.06%

-2.35%

Max Drawdown (5Y)

Largest decline over 5 years

-26.58%

-25.12%

-1.46%

Max Drawdown (10Y)

Largest decline over 10 years

-69.29%

-34.66%

-34.63%

Current Drawdown

Current decline from peak

-13.11%

-1.67%

-11.44%

Average Drawdown

Average peak-to-trough decline

-19.94%

-3.90%

-16.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.57%

1.98%

+2.59%

Volatility

VDE vs. VONE - Volatility Comparison

Vanguard Energy ETF (VDE) has a higher volatility of 7.02% compared to Vanguard Russell 1000 ETF (VONE) at 4.51%. This indicates that VDE's price experiences larger fluctuations and is considered to be riskier than VONE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VDEVONEDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.02%

4.51%

+2.51%

Volatility (6M)

Calculated over the trailing 6-month period

16.69%

9.76%

+6.93%

Volatility (1Y)

Calculated over the trailing 1-year period

20.84%

12.52%

+8.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.37%

17.16%

+9.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.96%

18.29%

+11.67%

VDE vs. VONE - Expense Ratio Comparison

VDE has a 0.09% 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

VDE vs. VONE - Dividend Comparison

VDE's dividend yield for the trailing twelve months is around 2.56%, more than VONE's 1.03% yield.

PositionTTM20252024202320222021202020192018201720162015
VDE
Vanguard Energy ETF		2.56%3.11%3.23%3.34%3.65%4.13%4.76%3.42%3.35%2.90%2.31%3.17%
VONE
Vanguard Russell 1000 ETF		1.03%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

VDE and VONE have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VDE has higher volatility (7.02%) compared to VONE (4.51%). In terms of maximum drawdown, VDE dropped -74.20% vs VONE's -34.66%.

On 10-year performance, VONE leads with 15.46% vs 8.84% for VDE. On fees, VONE is cheaper at 0.08% per year. On volatility, VONE has been the lower-risk option at 4.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VONE has performed better with a 15.46% return vs 8.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VONE is cheaper with a 0.08% expense ratio, compared with 0.09% for VDE.

VDE has the higher dividend yield at 2.56%, compared with 1.03% for VONE.

VDE is categorized as Energy Equities, while VONE is Large Cap Blend Equities. VDE tracks MSCI US Investable Market Energy 25/50 Index, while VONE tracks Russell 1000 Index. Their fees differ too: 0.09% for VDE and 0.08% for VONE.

VONE currently has the higher Sharpe Ratio (2.08 vs 1.29), 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.

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