VONE vs. FXAIX
Compare and contrast key facts about Vanguard Russell 1000 ETF (VONE) and Fidelity 500 Index Fund (FXAIX).
VONE is a passively managed fund by Vanguard that tracks the performance of the Russell 1000 Index. It was launched on Sep 20, 2010. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VONE or FXAIX.
Key characteristics
| VONE | FXAIX | |
|---|---|---|
| YTD Return | 27.05% | 27.28% |
| 1Y Return | 38.58% | 37.86% |
| 3Y Return (Ann) | 9.49% | 10.36% |
| 5Y Return (Ann) | 15.82% | 16.05% |
| 10Y Return (Ann) | 13.18% | 13.34% |
| Sharpe Ratio | 3.27 | 3.24 |
| Sortino Ratio | 4.33 | 4.29 |
| Omega Ratio | 1.62 | 1.61 |
| Calmar Ratio | 4.76 | 4.74 |
| Martin Ratio | 21.62 | 21.47 |
| Ulcer Index | 1.88% | 1.86% |
| Daily Std Dev | 12.38% | 12.29% |
| Max Drawdown | -34.67% | -33.79% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between VONE and FXAIX is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VONE vs. FXAIX - Performance Comparison
The year-to-date returns for both investments are quite close, with VONE having a 27.05% return and FXAIX slightly higher at 27.28%. Both investments have delivered pretty close results over the past 10 years, with VONE having a 13.18% annualized return and FXAIX not far ahead at 13.34%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VONE vs. FXAIX - Expense Ratio Comparison
VONE has a 0.08% expense ratio, which is higher than FXAIX'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%.
Risk-Adjusted Performance
VONE vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 ETF (VONE) and Fidelity 500 Index Fund (FXAIX). 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.
Dividends
VONE vs. FXAIX - Dividend Comparison
VONE's dividend yield for the trailing twelve months is around 1.20%, which matches FXAIX's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VONE Vanguard Russell 1000 ETF | 1.20% | 1.40% | 1.59% | 1.16% | 1.45% | 1.66% | 1.96% | 1.69% | 1.89% | 1.89% | 1.68% | 1.70% |
FXAIX Fidelity 500 Index Fund | 1.21% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
VONE vs. FXAIX - Drawdown Comparison
The maximum VONE drawdown since its inception was -34.67%, roughly equal to the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for VONE and FXAIX. For additional features, visit the drawdowns tool.
Volatility
VONE vs. FXAIX - Volatility Comparison
Vanguard Russell 1000 ETF (VONE) and Fidelity 500 Index Fund (FXAIX) have volatilities of 3.92% and 3.88%, 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.