VONE vs. GOLY
VONE (Vanguard Russell 1000 ETF) and GOLY (Strategy Shares Gold-Hedged Bond ETF) are both exchange-traded funds - VONE is a Large Cap Blend Equities fund tracking the Russell 1000 Index, while GOLY is a Nontraditional Bonds fund tracking the Solactive Gold-Backed Bond Index. Both are passively managed. Over the past 5 years, VONE returned 12.49%/yr vs 4.12%/yr for GOLY. At a 0.17 correlation, their price movements are largely independent. VONE charges 0.08%/yr vs 0.79%/yr for GOLY.
Performance
VONE vs. GOLY - Performance Comparison
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Returns By Period
In the year-to-date period, VONE achieves a 10.82% return, which is significantly higher than GOLY's -26.72% return.
VONE
- 1D
- 0.45%
- 1M
- 1.76%
- 6M
- 8.82%
- YTD
- 10.82%
- 1Y
- 21.19%
- 3Y*
- 20.01%
- 5Y*
- 12.49%
- 10Y*
- 14.92%
GOLY
- 1D
- 1.08%
- 1M
- -4.85%
- 6M
- -30.19%
- YTD
- -26.72%
- 1Y
- -8.83%
- 3Y*
- 13.49%
- 5Y*
- 4.12%
- 10Y*
- —
VONE vs. GOLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VONE Vanguard Russell 1000 ETF | 10.82% | 17.21% | 24.51% | 26.41% | -19.14% | 14.18% |
GOLY Strategy Shares Gold-Hedged Bond ETF | -26.72% | 57.98% | 19.82% | 12.74% | -19.96% | -1.40% |
Correlation
The correlation between VONE and GOLY is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since May 18, 2021 | 0.17 |
Over the past year, VONE and GOLY have become more correlated (0.41) than their long-term average of 0.17, meaning their price movements have been converging.
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Return for Risk
VONE vs. GOLY — Risk / Return Rank
VONE
GOLY
VONE vs. GOLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 ETF (VONE) and Strategy Shares Gold-Hedged Bond ETF (GOLY). 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 | GOLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.95 | ||
| Sortino ratioReturn per unit of downside risk | +2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.98 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | -0.24 | +2.64 |
| Martin ratioReturn relative to average drawdown | 10.50 | -0.51 | +11.01 |
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Drawdowns
VONE vs. GOLY - Drawdown Comparison
The maximum VONE drawdown since its inception was -34.66%, smaller than the maximum GOLY drawdown of -37.45%. Use the drawdown chart below to compare losses from any high point for VONE and GOLY.
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Drawdown Indicators
| VONE | GOLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.66% | -37.45% | +2.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.85% | -37.45% | +28.60% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -37.45% | +18.39% |
Max Drawdown (5Y)Largest decline over 5 years | -25.12% | -37.45% | +12.33% |
Max Drawdown (10Y)Largest decline over 10 years | -34.66% | — | — |
Current DrawdownCurrent decline from peak | -0.47% | -36.77% | +36.30% |
Average DrawdownAverage peak-to-trough decline | -3.89% | -12.32% | +8.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 17.20% | -15.18% |
Volatility
VONE vs. GOLY - Volatility Comparison
The current volatility for Vanguard Russell 1000 ETF (VONE) is 3.75%, while Strategy Shares Gold-Hedged Bond ETF (GOLY) has a volatility of 7.50%. This indicates that VONE experiences smaller price fluctuations and is considered to be less risky than GOLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VONE | GOLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 7.50% | -3.75% |
Volatility (6M)Calculated over the trailing 6-month period | 9.95% | 30.40% | -20.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.61% | 33.95% | -21.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.19% | 22.70% | -5.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 22.45% | -4.22% |
VONE vs. GOLY - Expense Ratio Comparison
VONE has a 0.08% expense ratio, which is lower than GOLY's 0.79% expense ratio.
Dividends
VONE vs. GOLY - Dividend Comparison
VONE's dividend yield for the trailing twelve months is around 1.02%, less than GOLY's 9.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOLY Strategy Shares Gold-Hedged Bond ETF | 9.43% | 7.22% | 3.85% | 2.94% | 2.57% | 1.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VONE Vanguard Russell 1000 ETF | 1.02% | 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
VONE and GOLY have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOLY has higher volatility (7.50%) compared to VONE (3.75%). In terms of maximum drawdown, VONE dropped -34.66% vs GOLY's -37.45%.
On 5-year performance, VONE leads with 12.49% vs 4.12% for GOLY. On fees, VONE is cheaper at 0.08% per year. On volatility, VONE has been the lower-risk option at 3.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VONE has performed better with a 12.49% return vs 4.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VONE is cheaper with a 0.08% expense ratio, compared with 0.79% for GOLY.
GOLY has the higher dividend yield at 9.43%, compared with 1.02% for VONE.
VONE is categorized as Large Cap Blend Equities, while GOLY is Nontraditional Bonds. VONE tracks Russell 1000 Index, while GOLY tracks Solactive Gold-Backed Bond Index. They also come from different issuers: Vanguard and Strategy Shares. Their fees differ too: 0.08% for VONE and 0.79% for GOLY.
VONE currently has the higher Sharpe Ratio (1.69 vs -0.26), 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.
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