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VONE vs. IWB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VONE vs. IWB

Last updated Jun 24, 2026

VONE (Vanguard Russell 1000 ETF) and IWB (iShares Russell 1000 ETF) are both Large Cap Blend Equities funds tracking the Russell 1000 Index, from Vanguard and iShares respectively. Both are passively managed. Over the past 10 years, VONE returned 15.31%/yr vs 15.25%/yr for IWB. With a 0.98 correlation, they move nearly in lockstep. VONE charges 0.08%/yr vs 0.15%/yr for IWB.

Performance

VONE vs. IWB - Performance Comparison

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

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Returns By Period

The year-to-date returns for both stocks are quite close, with VONE having a 8.02% return and IWB slightly lower at 8.01%. Both investments have delivered pretty close results over the past 10 years, with VONE having a 15.31% annualized return and IWB not far behind at 15.25%.

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%

IWB

1D
-1.32%
1M
-1.04%
YTD
8.01%
6M
7.03%
1Y
22.97%
3Y*
20.50%
5Y*
12.20%
10Y*
15.25%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VONE vs. IWB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VONE
Vanguard Russell 1000 ETF		8.02%17.21%24.51%26.41%-19.14%26.49%20.95%31.12%-4.84%21.55%
IWB
iShares Russell 1000 ETF		8.01%17.18%24.32%26.39%-19.19%26.32%20.77%31.06%-4.90%21.52%

Correlation

The correlation between VONE and IWB 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

1.00

Correlation (5Y)
Calculated over the trailing 5-year period

1.00

Correlation (10Y)
Calculated over the trailing 10-year period

1.00

Correlation (All Time)
Calculated using the full available price history since Sep 22, 2010

0.98

The correlation between VONE and IWB has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.

VONE vs. IWB - Sectors Allocation Comparison

Sectors
VONE
IWB

Technology

33.9%
37.3%

Financial Services

11.9%
11.3%

Communication Services

10.9%
10.4%

Consumer Cyclical

10.3%
10.0%

Industrials

9.2%
8.7%

Healthcare

8.7%
8.5%

Consumer Defensive

4.8%
4.4%

Energy

3.7%
3.2%

Utilities

2.3%
2.1%

Real Estate

2.2%
2.1%

Basic Materials

2.0%
1.9%

Technology

VONE
33.9%
IWB
37.3%

Financial Services

VONE
11.9%
IWB
11.3%

Communication Services

VONE
10.9%
IWB
10.4%

Consumer Cyclical

VONE
10.3%
IWB
10.0%

Industrials

VONE
9.2%
IWB
8.7%

Healthcare

VONE
8.7%
IWB
8.5%

Consumer Defensive

VONE
4.8%
IWB
4.4%

Energy

VONE
3.7%
IWB
3.2%

Utilities

VONE
2.3%
IWB
2.1%

Real Estate

VONE
2.2%
IWB
2.1%

Basic Materials

VONE
2.0%
IWB
1.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Russell 1000 ETF

iShares Russell 1000 ETF

Often compared with VONE:
VONE vs. VONGVONE vs. VOOVONE vs. VONVVONE vs. SPYVONE vs. VTHRVONE vs. VWUSXVONE vs. IWD
Often compared with IWB:
IWB vs. IWMIWB vs. SPYIWB vs. IWDIWB vs. VOOIWB vs. IWVIWB vs. VTIIWB vs. EQAL

Return for Risk

VONE vs. IWB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VONE
VONE Risk / Return Rank: 5858
Overall Rank
VONE Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
VONE Sortino Ratio Rank: 5555
Sortino Ratio Rank
VONE Omega Ratio Rank: 5555
Omega Ratio Rank
VONE Calmar Ratio Rank: 5555
Calmar Ratio Rank
VONE Martin Ratio Rank: 6666
Martin Ratio Rank
IWB
IWB Risk / Return Rank: 5757
Overall Rank
IWB Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
IWB Sortino Ratio Rank: 5454
Sortino Ratio Rank
IWB Omega Ratio Rank: 5656
Omega Ratio Rank
IWB Calmar Ratio Rank: 5555
Calmar Ratio Rank
IWB Martin Ratio Rank: 6666
Martin Ratio Rank
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. IWB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 ETF (VONE) and iShares Russell 1000 ETF (IWB). 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.

VONEIWBDifference
Sharpe ratioReturn per unit of total volatility
1.85
1.84

+0.01

Sortino ratioReturn per unit of downside risk
2.54
2.51

+0.03

Omega ratioGain probability vs. loss probability

1.33

1.33

0.00

Calmar ratioReturn relative to maximum drawdown

2.62

2.60

+0.02

Martin ratioReturn relative to average drawdown

11.65

11.56

+0.10

VONE vs. IWB - Sharpe Ratio Comparison

The current VONE Sharpe Ratio is 1.85, which is comparable to the IWB Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of VONE and IWB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VONE vs. IWB - Drawdown Comparison

The maximum VONE drawdown since its inception was -34.66%, smaller than the maximum IWB drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for VONE and IWB.

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Drawdown Indicators

VONEIWBDifference

Max Drawdown

Largest peak-to-trough decline

-34.66%

-55.38%

+20.72%

Max Drawdown (1Y)

Largest decline over 1 year

-8.85%

-8.86%

+0.01%

Max Drawdown (3Y)

Largest decline over 3 years

-19.06%

-19.09%

+0.03%

Max Drawdown (5Y)

Largest decline over 5 years

-25.12%

-25.20%

+0.08%

Max Drawdown (10Y)

Largest decline over 10 years

-34.66%

-34.60%

-0.06%

Current Drawdown

Current decline from peak

-2.98%

-2.98%

0.00%

Average Drawdown

Average peak-to-trough decline

-3.90%

-10.84%

+6.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.99%

1.99%

0.00%

Volatility

VONE vs. IWB - Volatility Comparison

Vanguard Russell 1000 ETF (VONE) and iShares Russell 1000 ETF (IWB) have volatilities of 4.71% and 4.84%, 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.

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Volatility by Period

VONEIWBDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.71%

4.84%

-0.13%

Volatility (6M)

Calculated over the trailing 6-month period

9.84%

9.88%

-0.04%

Volatility (1Y)

Calculated over the trailing 1-year period

12.58%

12.57%

+0.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.17%

17.20%

-0.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.26%

18.15%

+0.11%

VONE vs. IWB - Expense Ratio Comparison

VONE has a 0.08% expense ratio, which is lower than IWB'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. IWB - Dividend Comparison

VONE's dividend yield for the trailing twelve months is around 1.04%, more than IWB's 0.94% yield.

PositionTTM20252024202320222021202020192018201720162015
IWB
iShares Russell 1000 ETF		0.94%1.00%1.14%1.31%1.56%1.09%1.37%1.71%2.06%1.64%1.89%1.95%
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

With a correlation of 1.00, VONE and IWB 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.

IWB has higher volatility (4.84%) compared to VONE (4.71%). In terms of maximum drawdown, VONE dropped -34.66% vs IWB's -55.38%.

On 10-year performance, VONE leads with 15.31% vs 15.25% for IWB. On fees, VONE is cheaper at 0.08% 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.

Over the 10-year period, VONE has performed better with a 15.31% return vs 15.25%. 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 0.15% for IWB.

VONE has the higher dividend yield at 1.04%, compared with 0.94% for IWB.

Both ETFs track Russell 1000 Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.08% for VONE and 0.15% for IWB.

VONE currently has the higher Sharpe Ratio (1.85 vs 1.84), 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.

Portfolio Optimizer

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