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VHT vs. VONE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VHT vs. VONE

Last updated Jun 23, 2026

VHT (Vanguard Health Care ETF) and VONE (Vanguard Russell 1000 ETF) are both exchange-traded funds - VHT is a Health & Biotech Equities fund tracking the MSCI US Investable Market Health Care 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, VHT returned 10.00%/yr vs 15.46%/yr for VONE. A 0.74 correlation means they provide meaningful diversification when combined. VHT charges 0.09%/yr vs 0.08%/yr for VONE.

Performance

VHT vs. VONE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Health Care ETF (VHT) 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, VHT achieves a -1.31% return, which is significantly lower than VONE's 9.48% return. Over the past 10 years, VHT has underperformed VONE with an annualized return of 10.00%, while VONE has yielded a comparatively higher 15.46% annualized return.

VHT

1D
0.93%
1M
1.34%
YTD
-1.31%
6M
-1.97%
1Y
17.91%
3Y*
6.63%
5Y*
4.45%
10Y*
10.00%

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)

VHT vs. VONE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VHT
Vanguard Health Care ETF		-1.31%15.46%2.66%2.52%-5.60%20.57%18.29%21.87%5.58%23.26%
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 VHT and VONE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.39

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

0.52

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

0.64

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

0.70

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

0.74

Over the past year, the correlation between VHT and VONE has dropped to 0.39 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

VHT vs. VONE - Sectors Allocation Comparison

Sectors
VHT
VONE

Healthcare

100.0%
8.7%

Financial Services

0.0%
11.9%

Industrials

0.0%
9.2%

Technology

0.0%
33.9%

Basic Materials

-

2.0%

Communication Services

-

10.9%

Consumer Cyclical

-

10.3%

Consumer Defensive

-

4.8%

Energy

-

3.7%

Real Estate

-

2.2%

Utilities

-

2.3%

Healthcare

VHT
100.0%
VONE
8.7%

Financial Services

VHT
0.0%
VONE
11.9%

Industrials

VHT
0.0%
VONE
9.2%

Technology

VHT
0.0%
VONE
33.9%

Basic Materials

VHT

-

VONE
2.0%

Communication Services

VHT

-

VONE
10.9%

Consumer Cyclical

VHT

-

VONE
10.3%

Consumer Defensive

VHT

-

VONE
4.8%

Energy

VHT

-

VONE
3.7%

Real Estate

VHT

-

VONE
2.2%

Utilities

VHT

-

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 Health Care ETF

Vanguard Russell 1000 ETF

Often compared with VHT:
VHT vs. XLVVHT vs. VGHCXVHT vs. VOOVHT vs. VGHAXVHT vs. FHLCVHT vs. IXJVHT vs. IYH
Often compared with VONE:
VONE vs. VONGVONE vs. VOOVONE vs. IWBVONE vs. VONVVONE vs. SPYVONE vs. VTHRVONE vs. VWUSX

Return for Risk

VHT vs. VONE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VHT
VHT Risk / Return Rank: 3434
Overall Rank
VHT Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
VHT Sortino Ratio Rank: 3838
Sortino Ratio Rank
VHT Omega Ratio Rank: 3333
Omega Ratio Rank
VHT Calmar Ratio Rank: 3535
Calmar Ratio Rank
VHT Martin Ratio Rank: 3131
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.

VHT vs. VONE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Health Care ETF (VHT) 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.

VHTVONEDifference
Sharpe ratioReturn per unit of total volatility
1.23
2.08

-0.86

Sortino ratioReturn per unit of downside risk
1.91
2.84

-0.93

Omega ratioGain probability vs. loss probability

1.22

1.37

-0.16

Calmar ratioReturn relative to maximum drawdown

1.73

2.94

-1.21

Martin ratioReturn relative to average drawdown

4.26

13.14

-8.88

VHT vs. VONE - Sharpe Ratio Comparison

The current VHT Sharpe Ratio is 1.23, which is lower than the VONE Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of VHT 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

VHT vs. VONE - Drawdown Comparison

The maximum VHT drawdown since its inception was -39.12%, which is greater than VONE's maximum drawdown of -34.66%. Use the drawdown chart below to compare losses from any high point for VHT and VONE.

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Drawdown Indicators

VHTVONEDifference

Max Drawdown

Largest peak-to-trough decline

-39.12%

-34.66%

-4.46%

Max Drawdown (1Y)

Largest decline over 1 year

-10.40%

-8.85%

-1.55%

Max Drawdown (3Y)

Largest decline over 3 years

-16.91%

-19.06%

+2.15%

Max Drawdown (5Y)

Largest decline over 5 years

-17.71%

-25.12%

+7.41%

Max Drawdown (10Y)

Largest decline over 10 years

-28.85%

-34.66%

+5.81%

Current Drawdown

Current decline from peak

-4.44%

-1.67%

-2.77%

Average Drawdown

Average peak-to-trough decline

-5.98%

-3.90%

-2.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.22%

1.98%

+2.24%

Volatility

VHT vs. VONE - Volatility Comparison

Vanguard Health Care ETF (VHT) has a higher volatility of 4.91% compared to Vanguard Russell 1000 ETF (VONE) at 4.51%. This indicates that VHT'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

VHTVONEDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.91%

4.51%

+0.40%

Volatility (6M)

Calculated over the trailing 6-month period

10.41%

9.76%

+0.65%

Volatility (1Y)

Calculated over the trailing 1-year period

14.70%

12.52%

+2.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.02%

17.16%

-2.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.97%

18.29%

-1.32%

VHT vs. VONE - Expense Ratio Comparison

VHT 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

VHT vs. VONE - Dividend Comparison

VHT's dividend yield for the trailing twelve months is around 1.66%, more than VONE's 1.03% yield.

PositionTTM20252024202320222021202020192018201720162015
VHT
Vanguard Health Care ETF		1.66%1.61%1.53%1.36%1.33%1.14%1.21%1.89%1.38%1.31%1.45%1.22%
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

VHT and VONE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VHT has higher volatility (4.91%) compared to VONE (4.51%). In terms of maximum drawdown, VHT dropped -39.12% vs VONE's -34.66%.

On 10-year performance, VONE leads with 15.46% vs 10.00% for VHT. 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 10.00%. 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 VHT.

VHT has the higher dividend yield at 1.66%, compared with 1.03% for VONE.

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

VONE currently has the higher Sharpe Ratio (2.08 vs 1.23), 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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