VONE vs. ESN

Last updated Aug 6, 2026

VONE (Vanguard Russell 1000 ETF) and ESN (Essential 40 Stock ETF) are both Large Cap Blend Equities funds - VONE tracks the Russell 1000 Index while ESN tracks the Essential 40 Stock Index. Both are passively managed. Over the past year, VONE returned 23.31% vs 29.12% for ESN. Their 0.78 correlation means they have sometimes moved together and sometimes differently. VONE charges 0.08%/yr vs 0.70%/yr for ESN.

Performance

VONE vs. ESN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Russell 1000 ETF (VONE) and Essential 40 Stock ETF (ESN). 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 ESN's 19.26% 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%

ESN

• 1D: -0.07%
• 1M: 1.95%
• 6M: 12.60%
• YTD: 19.26%
• 1Y: 29.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.81%

*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)
ESN Essential 40 Stock ETF	$1.77M	$1.60M	$1.61M
VONE Vanguard Russell 1000 ETF	$25.73M	$27.06M	$30.27M

VONE vs. ESN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VONE Vanguard Russell 1000 ETF	13.29%	17.21%	0.93%
ESN Essential 40 Stock ETF	19.26%	16.52%	-3.53%

Correlation

The correlation between VONE and ESN is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (All Time) Calculated using the full available price history since Oct 21, 2024	0.78

The correlation between VONE and ESN has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.

Return for Risk

VONE vs. ESN — 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

ESN

ESN Risk / Return Rank: 93
ESN Sharpe Ratio Rank: 95
ESN Sortino Ratio Rank: 94
ESN Omega Ratio Rank: 93
ESN Calmar Ratio Rank: 92
ESN Martin Ratio Rank: 93

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. ESN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 ETF (VONE) and Essential 40 Stock ETF (ESN). 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	ESN	Difference
Sharpe ratio: Return per unit of total volatility	1.82	2.92	-1.11
Sortino ratio: Return per unit of downside risk	2.53	4.04	-1.50
Omega ratio: Gain probability vs. loss probability	1.32	1.51	-0.19
Calmar ratio: Return relative to maximum drawdown	2.65	4.55	-1.91
Martin ratio: Return relative to average drawdown	11.34	18.27	-6.93

VONE vs. ESN - Sharpe Ratio Comparison

The current VONE Sharpe Ratio is 1.82, which is lower than the ESN Sharpe Ratio of 2.92. The chart below compares the historical Sharpe Ratios of VONE and ESN, 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. ESN - Drawdown Comparison

The maximum VONE drawdown since its inception was -34.66%, which is greater than ESN's maximum drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for VONE and ESN.

Drawdown Indicators

	VONE	ESN	Difference
Max Drawdown Largest peak-to-trough decline	-34.66%	-13.60%	-21.06%
Max Drawdown (1Y) Largest decline over 1 year	-8.85%	-6.42%	-2.43%
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%	-0.07%	-0.19%
Average Drawdown Average peak-to-trough decline	-3.88%	-1.79%	-2.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	1.60%	+0.46%

Volatility

VONE vs. ESN - Volatility Comparison

Vanguard Russell 1000 ETF (VONE) has a higher volatility of 4.00% compared to Essential 40 Stock ETF (ESN) at 2.98%. This indicates that VONE's price experiences larger fluctuations and is considered to be riskier than ESN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VONE	ESN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.00%	2.98%	+1.02%
Volatility (6M) Calculated over the trailing 6-month period	10.24%	7.59%	+2.65%
Volatility (1Y) Calculated over the trailing 1-year period	12.89%	10.00%	+2.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.22%	13.05%	+4.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.26%	13.05%	+5.21%

VONE vs. ESN - Expense Ratio Comparison

VONE has a 0.08% expense ratio, which is lower than ESN's 0.70% expense ratio.

Dividends

VONE vs. ESN - Dividend Comparison

VONE's dividend yield for the trailing twelve months is around 0.99%, more than ESN's 0.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ESN Essential 40 Stock ETF	0.76%	0.91%	0.76%	0.00%	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 ESN in my portfolio?

VONE and ESN have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VONE or ESN?

VONE has higher volatility (4.00%) compared to ESN (2.98%). In terms of maximum drawdown, VONE dropped -34.66% vs ESN's -13.60%.

Which ETF is better, VONE or ESN?

On 1-year performance, ESN leads with 29.12% vs 23.31% for VONE. On fees, VONE is cheaper at 0.08% per year. On volatility, ESN has been the lower-risk option at 2.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VONE or ESN?

Over the 1-year period, ESN has performed better with a 29.12% 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 ESN?

VONE is cheaper with a 0.08% expense ratio, compared with 0.70% for ESN.

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

VONE has the higher dividend yield at 0.99%, compared with 0.76% for ESN.

What is the main difference between VONE and ESN?

VONE tracks Russell 1000 Index, while ESN tracks Essential 40 Stock Index. They also come from different issuers: Vanguard and KKM. Their fees differ too: 0.08% for VONE and 0.70% for ESN.

Which has better risk-adjusted returns?

ESN currently has the higher Sharpe Ratio (2.92 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.