VONE vs. IWD

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Russell 1000 ETF (VONE) and iShares Russell 1000 Value ETF (IWD).

VONE and IWD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VONE is a passively managed fund by Vanguard that tracks the performance of the Russell 1000 Index. It was launched on Sep 20, 2010. IWD is a passively managed fund by iShares that tracks the performance of the Russell 1000 Value Index. It was launched on May 22, 2000. Both VONE and IWD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

VONE vs. IWD - Performance Comparison

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

VONE vs. IWD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VONE Vanguard Russell 1000 ETF	-4.22%	17.21%	24.51%	26.41%	-19.14%	26.49%	20.95%	31.12%	-4.84%	21.55%
IWD iShares Russell 1000 Value ETF	1.97%	15.68%	14.17%	11.34%	-7.75%	24.95%	2.73%	26.12%	-8.45%	13.45%

Returns By Period

In the year-to-date period, VONE achieves a -4.22% return, which is significantly lower than IWD's 1.97% return. Over the past 10 years, VONE has outperformed IWD with an annualized return of 13.81%, while IWD has yielded a comparatively lower 10.33% annualized return.

VONE

• 1D: 2.94%
• 1M: -4.97%
• YTD: -4.22%
• 6M: -1.83%
• 1Y: 17.59%
• 3Y*: 18.08%
• 5Y*: 10.99%
• 10Y*: 13.81%

IWD

• 1D: 2.03%
• 1M: -4.89%
• YTD: 1.97%
• 6M: 5.86%
• 1Y: 15.56%
• 3Y*: 14.10%
• 5Y*: 9.01%
• 10Y*: 10.33%

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

VONE vs. IWD - Expense Ratio Comparison

VONE has a 0.08% expense ratio, which is lower than IWD's 0.18% 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%.

IWD

iShares Russell 1000 Value ETF

VONE

Vanguard Russell 1000 ETF

Return for Risk

VONE vs. IWD — Risk / Return Rank

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

VONE

VONE Risk / Return Rank: 64
VONE Sharpe Ratio Rank: 58
VONE Sortino Ratio Rank: 61
VONE Omega Ratio Rank: 64
VONE Calmar Ratio Rank: 64
VONE Martin Ratio Rank: 73

IWD

IWD Risk / Return Rank: 62
IWD Sharpe Ratio Rank: 60
IWD Sortino Ratio Rank: 60
IWD Omega Ratio Rank: 62
IWD Calmar Ratio Rank: 61
IWD Martin Ratio Rank: 70

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. IWD - Risk-Adjusted Trends Comparison

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

	VONE	IWD	Difference
Sharpe ratio Return per unit of total volatility	0.97	0.99	-0.02
Sortino ratio Return per unit of downside risk	1.48	1.45	+0.03
Omega ratio Gain probability vs. loss probability	1.22	1.22	0.00
Calmar ratio Return relative to maximum drawdown	1.50	1.42	+0.08
Martin ratio Return relative to average drawdown	7.13	6.68	+0.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VONE vs. IWD - Sharpe Ratio Comparison

The current VONE Sharpe Ratio is 0.97, which is comparable to the IWD Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of VONE and IWD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VONE	IWD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	0.99	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.61	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	0.60	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.40	+0.40

Correlation

The correlation between VONE and IWD is 0.89, 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.

Dividends

VONE vs. IWD - Dividend Comparison

VONE's dividend yield for the trailing twelve months is around 1.14%, less than IWD's 1.67% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VONE Vanguard Russell 1000 ETF	1.14%	1.07%	1.20%	1.40%	1.59%	1.16%	1.45%	1.65%	1.96%	1.69%	1.89%	1.89%
IWD iShares Russell 1000 Value ETF	1.67%	1.69%	1.87%	2.02%	2.15%	1.62%	2.05%	2.45%	2.71%	2.09%	2.25%	2.47%

Drawdowns

VONE vs. IWD - Drawdown Comparison

The maximum VONE drawdown since its inception was -34.66%, smaller than the maximum IWD drawdown of -60.10%. Use the drawdown chart below to compare losses from any high point for VONE and IWD.

Drawdown Indicators

	VONE	IWD	Difference
Max Drawdown Largest peak-to-trough decline	-34.66%	-60.10%	+25.44%
Max Drawdown (1Y) Largest decline over 1 year	-12.11%	-11.80%	-0.31%
Max Drawdown (5Y) Largest decline over 5 years	-25.12%	-19.04%	-6.08%
Max Drawdown (10Y) Largest decline over 10 years	-34.66%	-38.51%	+3.85%
Current Drawdown Current decline from peak	-6.17%	-4.89%	-1.28%
Average Drawdown Average peak-to-trough decline	-3.94%	-8.71%	+4.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	2.50%	+0.05%

Volatility

VONE vs. IWD - Volatility Comparison

Vanguard Russell 1000 ETF (VONE) has a higher volatility of 5.36% compared to iShares Russell 1000 Value ETF (IWD) at 4.33%. This indicates that VONE's price experiences larger fluctuations and is considered to be riskier than IWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VONE	IWD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.36%	4.33%	+1.03%
Volatility (6M) Calculated over the trailing 6-month period	9.59%	8.26%	+1.33%
Volatility (1Y) Calculated over the trailing 1-year period	18.20%	15.76%	+2.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.09%	14.80%	+2.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.23%	17.28%	+0.95%