VONE vs. BBUS

Last updated Jun 24, 2026

VONE (Vanguard Russell 1000 ETF) and BBUS (JPMorgan BetaBuilders U.S. Equity ETF) are both Large Cap Blend Equities funds - VONE tracks the Russell 1000 Index while BBUS tracks the Morningstar US Target Market Exposure Index. Both are passively managed. Over the past 5 years, VONE returned 12.28%/yr vs 12.52%/yr for BBUS. With a 0.99 correlation, they move nearly in lockstep. VONE charges 0.08%/yr vs 0.02%/yr for BBUS.

Performance

VONE vs. BBUS - Performance Comparison

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

Returns By Period

In the year-to-date period, VONE achieves a 8.02% return, which is significantly higher than BBUS's 7.57% return.

VONE

• 1D: -1.33%
• 1M: -1.03%
• YTD: 8.02%
• 6M: 7.05%
• 1Y: 23.07%
• 3Y*: 20.55%
• 5Y*: 12.28%
• 10Y*: 15.31%

BBUS

• 1D: -1.68%
• 1M: -1.53%
• YTD: 7.57%
• 6M: 6.62%
• 1Y: 22.78%
• 3Y*: 20.70%
• 5Y*: 12.52%
• 10Y*: —

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

VONE vs. BBUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VONE Vanguard Russell 1000 ETF	8.02%	17.21%	24.51%	26.41%	-19.14%	26.49%	20.95%	16.92%
BBUS JPMorgan BetaBuilders U.S. Equity ETF	7.57%	17.77%	24.89%	27.20%	-19.46%	27.13%	20.69%	16.26%

Correlation

The correlation between VONE and BBUS is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Mar 13, 2019	0.99

The correlation between VONE and BBUS has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

VONE vs. BBUS - Sectors Allocation Comparison

Sectors	VONE	BBUS
Technology	33.9%	38.1%
Financial Services	11.9%	11.2%
Communication Services	10.9%	10.0%
Consumer Cyclical	10.3%	9.1%
Industrials	9.2%	7.4%
Healthcare	8.7%	8.0%
Consumer Defensive	4.8%	4.4%
Energy	3.7%	3.0%
Utilities	2.3%	2.6%
Real Estate	2.2%	1.7%
Basic Materials	2.0%	1.2%

Return for Risk

VONE vs. BBUS — Risk / Return Rank

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

VONE

VONE Risk / Return Rank: 58
VONE Sharpe Ratio Rank: 57
VONE Sortino Ratio Rank: 55
VONE Omega Ratio Rank: 55
VONE Calmar Ratio Rank: 55
VONE Martin Ratio Rank: 66

BBUS

BBUS Risk / Return Rank: 56
BBUS Sharpe Ratio Rank: 56
BBUS Sortino Ratio Rank: 54
BBUS Omega Ratio Rank: 55
BBUS Calmar Ratio Rank: 52
BBUS Martin Ratio Rank: 63

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.

VONE vs. BBUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 ETF (VONE) and JPMorgan BetaBuilders U.S. Equity ETF (BBUS). 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	BBUS	Difference
Sharpe ratio: Return per unit of total volatility	1.85	1.82	+0.02
Sortino ratio: Return per unit of downside risk	2.54	2.48	+0.06
Omega ratio: Gain probability vs. loss probability	1.33	1.33	0.00
Calmar ratio: Return relative to maximum drawdown	2.62	2.49	+0.13
Martin ratio: Return relative to average drawdown	11.65	10.97	+0.68

VONE vs. BBUS - Sharpe Ratio Comparison

The current VONE Sharpe Ratio is 1.85, which is comparable to the BBUS Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of VONE and BBUS, 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. BBUS - Drawdown Comparison

The maximum VONE drawdown since its inception was -34.66%, roughly equal to the maximum BBUS drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for VONE and BBUS.

Drawdown Indicators

	VONE	BBUS	Difference
Max Drawdown Largest peak-to-trough decline	-34.66%	-35.35%	+0.69%
Max Drawdown (1Y) Largest decline over 1 year	-8.85%	-9.21%	+0.36%
Max Drawdown (3Y) Largest decline over 3 years	-19.06%	-19.01%	-0.05%
Max Drawdown (5Y) Largest decline over 5 years	-25.12%	-25.46%	+0.34%
Max Drawdown (10Y) Largest decline over 10 years	-34.66%	—	—
Current Drawdown Current decline from peak	-2.98%	-3.47%	+0.49%
Average Drawdown Average peak-to-trough decline	-3.90%	-5.43%	+1.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	2.08%	-0.09%

Volatility

VONE vs. BBUS - Volatility Comparison

The current volatility for Vanguard Russell 1000 ETF (VONE) is 4.71%, while JPMorgan BetaBuilders U.S. Equity ETF (BBUS) has a volatility of 5.00%. This indicates that VONE experiences smaller price fluctuations and is considered to be less risky than BBUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VONE	BBUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.71%	5.00%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	9.84%	9.95%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	12.58%	12.59%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.17%	17.14%	+0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.26%	19.59%	-1.33%

VONE vs. BBUS - Expense Ratio Comparison

VONE has a 0.08% expense ratio, which is higher than BBUS's 0.02% 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

VONE vs. BBUS - Dividend Comparison

VONE's dividend yield for the trailing twelve months is around 1.04%, more than BBUS's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBUS JPMorgan BetaBuilders U.S. Equity ETF	1.01%	1.07%	1.21%	1.38%	1.57%	1.11%	1.43%	1.37%	0.00%	0.00%	0.00%	0.00%
VONE Vanguard Russell 1000 ETF	1.04%	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 BBUS in my portfolio?

With a correlation of 1.00, VONE and BBUS 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 BBUS?

BBUS has higher volatility (5.00%) compared to VONE (4.71%). In terms of maximum drawdown, VONE dropped -34.66% vs BBUS's -35.35%.

Which ETF is better, VONE or BBUS?

On 5-year performance, BBUS leads with 12.52% vs 12.28% for VONE. On fees, BBUS is cheaper at 0.02% per year. On volatility, VONE has been the lower-risk option at 4.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VONE or BBUS?

Over the 5-year period, BBUS has performed better with a 12.52% return vs 12.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VONE or BBUS?

BBUS is cheaper with a 0.02% expense ratio, compared with 0.08% for VONE.

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

VONE has the higher dividend yield at 1.04%, compared with 1.01% for BBUS.

What is the main difference between VONE and BBUS?

VONE tracks Russell 1000 Index, while BBUS tracks Morningstar US Target Market Exposure Index. They also come from different issuers: Vanguard and JPMorgan. Their fees differ too: 0.08% for VONE and 0.02% for BBUS.

Which has better risk-adjusted returns?

VONE currently has the higher Sharpe Ratio (1.85 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.