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VNRG.L vs. VONE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VNRG.L vs. VONE

Last updated Jun 5, 2026

VNRG.L (Vanguard FTSE North America UCITS ETF (USD) Accumulating) and VONE (Vanguard Russell 1000 ETF) are both Large Cap Blend Equities funds from Vanguard - VNRG.L tracks the Russell 1000 TR USD while VONE tracks the Russell 1000 Index. Both are passively managed. Over the past 5 years, VNRG.L returned 14.50%/yr vs 13.96%/yr for VONE. A 0.59 correlation means they provide meaningful diversification when combined. VNRG.L charges 0.10%/yr vs 0.08%/yr for VONE.

Performance

VNRG.L vs. VONE - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE North America UCITS ETF (USD) Accumulating (VNRG.L) and Vanguard Russell 1000 ETF (VONE). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VNRG.L is traded in GBP, while VONE is traded in USD. To make them comparable, the VONE values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, VNRG.L achieves a 10.37% return, which is significantly higher than VONE's 9.35% return.

VNRG.L

1D
0.11%
1M
4.70%
YTD
10.37%
6M
9.73%
1Y
28.68%
3Y*
19.20%
5Y*
14.50%
10Y*
—

VONE

1D
-1.89%
1M
2.59%
YTD
9.35%
6M
7.86%
1Y
27.23%
3Y*
18.38%
5Y*
13.96%
10Y*
15.93%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VNRG.L vs. VONE - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
VNRG.L
Vanguard FTSE North America UCITS ETF (USD) Accumulating		10.37%10.01%26.94%19.89%-9.87%28.98%15.46%1.78%
VONE
Vanguard Russell 1000 ETF		9.35%8.86%26.69%20.09%-9.52%27.69%17.39%1.42%

Correlation

The correlation between VNRG.L and VONE is 0.64, 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

0.64

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

0.60

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

0.58

Correlation (All Time)
Calculated using the full available price history since Jul 26, 2019

0.59

The correlation between VNRG.L and VONE has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.

VNRG.L vs. VONE - Sectors Allocation Comparison

Sectors
VNRG.L
VONE

Technology

34.4%
33.9%

Financial Services

13.0%
11.9%

Communication Services

10.9%
10.9%

Consumer Cyclical

9.8%
10.3%

Industrials

8.3%
9.2%

Healthcare

8.2%
8.7%

Consumer Defensive

4.7%
4.8%

Energy

4.3%
3.7%

Basic Materials

2.4%
2.0%

Utilities

2.3%
2.3%

Real Estate

1.8%
2.2%

Technology

VNRG.L
34.4%
VONE
33.9%

Financial Services

VNRG.L
13.0%
VONE
11.9%

Communication Services

VNRG.L
10.9%
VONE
10.9%

Consumer Cyclical

VNRG.L
9.8%
VONE
10.3%

Industrials

VNRG.L
8.3%
VONE
9.2%

Healthcare

VNRG.L
8.2%
VONE
8.7%

Consumer Defensive

VNRG.L
4.7%
VONE
4.8%

Energy

VNRG.L
4.3%
VONE
3.7%

Basic Materials

VNRG.L
2.4%
VONE
2.0%

Utilities

VNRG.L
2.3%
VONE
2.3%

Real Estate

VNRG.L
1.8%
VONE
2.2%

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Vanguard FTSE North America UCITS ETF (USD) Accumulating

Vanguard Russell 1000 ETF

Often compared with VNRG.L:
VNRG.L vs. VUAG.LVNRG.L vs. SPYVNRG.L vs. VNRT.LVNRG.L vs. ^IMXLVNRG.L vs. VUSA.LVNRG.L vs. LGUG.LVNRG.L vs. VOO
Often compared with VONE:
VONE vs. VONGVONE vs. VOOVONE vs. IWBVONE vs. VONVVONE vs. SPYVONE vs. VTHRVONE vs. VWUSX

Return for Risk

VNRG.L vs. VONE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VNRG.L
VNRG.L Risk / Return Rank: 8282
Overall Rank
VNRG.L Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
VNRG.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
VNRG.L Omega Ratio Rank: 8585
Omega Ratio Rank
VNRG.L Calmar Ratio Rank: 7979
Calmar Ratio Rank
VNRG.L Martin Ratio Rank: 7777
Martin Ratio Rank
VONE
VONE Risk / Return Rank: 6363
Overall Rank
VONE Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
VONE Sortino Ratio Rank: 6161
Sortino Ratio Rank
VONE Omega Ratio Rank: 6363
Omega Ratio Rank
VONE Calmar Ratio Rank: 5959
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.

VNRG.L vs. VONE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE North America UCITS ETF (USD) Accumulating (VNRG.L) 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.

VNRG.LVONEDifference
Sharpe ratioReturn per unit of total volatility
2.76
2.33

+0.42

Sortino ratioReturn per unit of downside risk
3.70
3.03

+0.67

Omega ratioGain probability vs. loss probability

1.52

1.44

+0.08

Calmar ratioReturn relative to maximum drawdown

4.01

3.74

+0.27

Martin ratioReturn relative to average drawdown

14.70

14.21

+0.49

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VNRG.L vs. VONE - Sharpe Ratio Comparison

The current VNRG.L Sharpe Ratio is 2.76, which is comparable to the VONE Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of VNRG.L 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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Sharpe Ratios by Period

VNRG.LVONEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.76

2.33

+0.42

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.01

0.88

+0.14

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.87

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.89

0.91

-0.02

Drawdowns

VNRG.L vs. VONE - Drawdown Comparison

The maximum VNRG.L drawdown since its inception was -26.12%, roughly equal to the maximum VONE drawdown of -26.87%. Use the drawdown chart below to compare losses from any high point for VNRG.L and VONE.

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Drawdown Indicators

VNRG.LVONEDifference

Max Drawdown

Largest peak-to-trough decline

-26.12%

-26.87%

+0.75%

Max Drawdown (1Y)

Largest decline over 1 year

-7.15%

-7.32%

+0.17%

Max Drawdown (3Y)

Largest decline over 3 years

-20.92%

-22.19%

+1.27%

Max Drawdown (5Y)

Largest decline over 5 years

-20.92%

-22.19%

+1.27%

Max Drawdown (10Y)

Largest decline over 10 years

—

-26.87%

—

Current Drawdown

Current decline from peak

-0.14%

-1.89%

+1.75%

Average Drawdown

Average peak-to-trough decline

-3.76%

-3.43%

-0.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.95%

1.92%

+0.03%

Volatility

VNRG.L vs. VONE - Volatility Comparison

The current volatility for Vanguard FTSE North America UCITS ETF (USD) Accumulating (VNRG.L) is 2.56%, while Vanguard Russell 1000 ETF (VONE) has a volatility of 3.21%. This indicates that VNRG.L 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.

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Volatility by Period

VNRG.LVONEDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.56%

3.21%

-0.65%

Volatility (6M)

Calculated over the trailing 6-month period

7.13%

8.43%

-1.30%

Volatility (1Y)

Calculated over the trailing 1-year period

10.40%

11.74%

-1.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.30%

15.99%

-1.69%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.26%

18.29%

-2.03%

VNRG.L vs. VONE - Expense Ratio Comparison

VNRG.L has a 0.10% 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

VNRG.L vs. VONE - Dividend Comparison

VNRG.L has not paid dividends to shareholders, while VONE's dividend yield for the trailing twelve months is around 1.01%.

PositionTTM20252024202320222021202020192018201720162015
VNRG.L
Vanguard FTSE North America UCITS ETF (USD) Accumulating		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%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

VNRG.L and VONE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VONE is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VONE is cheaper with a 0.08% expense ratio, compared with 0.10% for VNRG.L.

VNRG.L tracks Russell 1000 TR USD, while VONE tracks Russell 1000 Index. Their fees differ too: 0.10% for VNRG.L and 0.08% for VONE.

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