VONE vs. AVLC

Last updated Aug 6, 2026

VONE (Vanguard Russell 1000 ETF) and AVLC (Avantis U.S. Large Cap Equity ETF) are both Large Cap Blend Equities funds. VONE is passively managed, while AVLC is actively managed. Over the past year, VONE returned 23.31% vs 28.13% for AVLC. Their 0.98 correlation means they have historically moved very closely together. VONE charges 0.08%/yr vs 0.15%/yr for AVLC.

Performance

VONE vs. AVLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Russell 1000 ETF (VONE) and Avantis U.S. Large Cap Equity ETF (AVLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VONE achieves a 13.29% return, which is significantly lower than AVLC's 17.24% return.

VONE

• 1D: -0.26%
• 1M: 2.26%
• 6M: 12.61%
• YTD: 13.29%
• 1Y: 23.31%
• 3Y*: 21.12%
• 5Y*: 12.53%
• 10Y*: 15.05%
• ALL TIME*: 14.61%

AVLC

• 1D: -0.31%
• 1M: 2.18%
• 6M: 13.85%
• YTD: 17.24%
• 1Y: 28.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 25.04%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AVLC Avantis U.S. Large Cap Equity ETF	$6.80M	$6.01M	$6.61M
VONE Vanguard Russell 1000 ETF	$25.73M	$27.06M	$30.27M

VONE vs. AVLC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VONE Vanguard Russell 1000 ETF	13.29%	17.21%	24.51%	12.44%
AVLC Avantis U.S. Large Cap Equity ETF	17.24%	17.57%	22.82%	11.76%

Correlation

The correlation between VONE and AVLC is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.97
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023	0.98

The correlation between VONE and AVLC has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

VONE vs. AVLC - Sectors Allocation Comparison

Sectors	VONE	AVLC
Technology	36.6%	33.9%
Financial Services	11.6%	13.7%
Industrials	9.8%	11.7%
Consumer Cyclical	9.6%	10.2%
Communication Services	9.6%	7.8%
Healthcare	9.1%	7.5%
Consumer Defensive	4.4%	4.4%
Energy	3.1%	6.2%
Utilities	2.2%	2.3%
Real Estate	2.1%	0.1%
Basic Materials	1.9%	2.2%

Return for Risk

VONE vs. AVLC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VONE

VONE Risk / Return Rank: 70
VONE Sharpe Ratio Rank: 70
VONE Sortino Ratio Rank: 68
VONE Omega Ratio Rank: 67
VONE Calmar Ratio Rank: 67
VONE Martin Ratio Rank: 78

AVLC

AVLC Risk / Return Rank: 83
AVLC Sharpe Ratio Rank: 82
AVLC Sortino Ratio Rank: 79
AVLC Omega Ratio Rank: 79
AVLC Calmar Ratio Rank: 84
AVLC Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VONE vs. AVLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 ETF (VONE) and Avantis U.S. Large Cap Equity ETF (AVLC). 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.

	VONE	AVLC	Difference
Sharpe ratio: Return per unit of total volatility	1.82	2.11	-0.29
Sortino ratio: Return per unit of downside risk	2.53	2.88	-0.35
Omega ratio: Gain probability vs. loss probability	1.32	1.37	-0.05
Calmar ratio: Return relative to maximum drawdown	2.65	3.53	-0.89
Martin ratio: Return relative to average drawdown	11.34	15.43	-4.08

VONE vs. AVLC - Sharpe Ratio Comparison

The current VONE Sharpe Ratio is 1.82, which is comparable to the AVLC Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of VONE and AVLC, 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

VONE vs. AVLC - Drawdown Comparison

The maximum VONE drawdown since its inception was -34.66%, which is greater than AVLC's maximum drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for VONE and AVLC.

Drawdown Indicators

	VONE	AVLC	Difference
Max Drawdown Largest peak-to-trough decline	-34.66%	-19.64%	-15.02%
Max Drawdown (1Y) Largest decline over 1 year	-8.85%	-8.00%	-0.85%
Max Drawdown (3Y) Largest decline over 3 years	-19.06%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.12%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.66%	—	—
Current Drawdown Current decline from peak	-0.26%	-0.31%	+0.05%
Average Drawdown Average peak-to-trough decline	-3.88%	-1.93%	-1.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	1.83%	+0.23%

Volatility

VONE vs. AVLC - Volatility Comparison

Vanguard Russell 1000 ETF (VONE) and Avantis U.S. Large Cap Equity ETF (AVLC) have volatilities of 4.00% and 4.08%, 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

	VONE	AVLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.00%	4.08%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	10.24%	10.62%	-0.38%
Volatility (1Y) Calculated over the trailing 1-year period	12.89%	13.43%	-0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.22%	15.70%	+1.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.26%	15.70%	+2.56%

VONE vs. AVLC - Expense Ratio Comparison

VONE has a 0.08% expense ratio, which is lower than AVLC's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VONE vs. AVLC - Dividend Comparison

VONE's dividend yield for the trailing twelve months is around 0.99%, more than AVLC's 0.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVLC Avantis U.S. Large Cap Equity ETF	0.80%	0.92%	1.09%	0.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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 VONE and AVLC in my portfolio?

With a correlation of 0.97, VONE and AVLC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, VONE or AVLC?

AVLC has higher volatility (4.08%) compared to VONE (4.00%). In terms of maximum drawdown, VONE dropped -34.66% vs AVLC's -19.64%.

Which ETF is better, VONE or AVLC?

On 1-year performance, AVLC leads with 28.13% vs 23.31% for VONE. 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, VONE or AVLC?

Over the 1-year period, AVLC has performed better with a 28.13% return vs 23.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VONE or AVLC?

VONE is cheaper with a 0.08% expense ratio, compared with 0.15% for AVLC.

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

VONE has the higher dividend yield at 0.99%, compared with 0.80% for AVLC.

What is the main difference between VONE and AVLC?

They also come from different issuers: Vanguard and Avantis. Their fees differ too: 0.08% for VONE and 0.15% for AVLC.

Which has better risk-adjusted returns?

AVLC currently has the higher Sharpe Ratio (2.11 vs 1.82), 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.