VONE vs. OUSM

Last updated Jun 13, 2026

VONE (Vanguard Russell 1000 ETF) and OUSM (OShares U.S. Small-Cap Quality Dividend ETF) are both exchange-traded funds - VONE is a Large Cap Blend Equities fund tracking the Russell 1000 Index, while OUSM is a Small Cap Blend Equities fund tracking the O'Shares US Small-Cap Quality Dividend Index. Both are passively managed. Over the past 5 years, VONE returned 12.60%/yr vs 7.57%/yr for OUSM. Their correlation of 0.80 suggests significant overlap in exposure. VONE charges 0.08%/yr vs 0.48%/yr for OUSM.

Performance

VONE vs. OUSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Russell 1000 ETF (VONE) and OShares U.S. Small-Cap Quality Dividend ETF (OUSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VONE achieves a 8.90% return, which is significantly higher than OUSM's 8.25% return.

VONE

• 1D: 0.43%
• 1M: 0.28%
• YTD: 8.90%
• 6M: 9.17%
• 1Y: 23.83%
• 3Y*: 20.64%
• 5Y*: 12.60%
• 10Y*: 15.21%

OUSM

• 1D: 0.94%
• 1M: 2.04%
• YTD: 8.25%
• 6M: 6.15%
• 1Y: 11.79%
• 3Y*: 11.20%
• 5Y*: 7.57%
• 10Y*: —

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

VONE vs. OUSM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VONE Vanguard Russell 1000 ETF	8.90%	17.21%	24.51%	26.41%	-19.14%	26.49%	20.95%	31.12%	-4.84%	21.55%
OUSM OShares U.S. Small-Cap Quality Dividend ETF	8.25%	2.17%	13.45%	18.82%	-7.89%	21.45%	7.64%	28.04%	-10.60%	10.85%

Correlation

The correlation between VONE and OUSM is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Dec 30, 2016	0.80

The correlation between VONE and OUSM shifts across timeframes, from 0.63 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.

VONE vs. OUSM - Sectors Allocation Comparison

Sectors	VONE	OUSM
Technology	33.9%	13.5%
Financial Services	11.9%	21.1%
Communication Services	10.9%	3.8%
Consumer Cyclical	10.3%	19.3%
Industrials	9.2%	22.8%
Healthcare	8.7%	9.2%
Consumer Defensive	4.8%	4.9%
Energy	3.7%	0.3%
Utilities	2.3%	3.9%
Real Estate	2.2%	-
Basic Materials	2.0%	1.4%

Return for Risk

VONE vs. OUSM — Risk / Return Rank

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

VONE

VONE Risk / Return Rank: 68
VONE Sharpe Ratio Rank: 69
VONE Sortino Ratio Rank: 67
VONE Omega Ratio Rank: 67
VONE Calmar Ratio Rank: 62
VONE Martin Ratio Rank: 74

OUSM

OUSM Risk / Return Rank: 28
OUSM Sharpe Ratio Rank: 28
OUSM Sortino Ratio Rank: 29
OUSM Omega Ratio Rank: 26
OUSM Calmar Ratio Rank: 30
OUSM Martin Ratio Rank: 29

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. OUSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 ETF (VONE) and OShares U.S. Small-Cap Quality Dividend ETF (OUSM). 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	OUSM	Difference
Sharpe ratio: Return per unit of total volatility	1.93	0.89	+1.04
Sortino ratio: Return per unit of downside risk	2.64	1.42	+1.22
Omega ratio: Gain probability vs. loss probability	1.35	1.16	+0.19
Calmar ratio: Return relative to maximum drawdown	2.71	1.29	+1.42
Martin ratio: Return relative to average drawdown	12.15	3.76	+8.39

VONE vs. OUSM - Sharpe Ratio Comparison

The current VONE Sharpe Ratio is 1.93, which is higher than the OUSM Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of VONE and OUSM, 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. OUSM - Drawdown Comparison

The maximum VONE drawdown since its inception was -34.66%, smaller than the maximum OUSM drawdown of -39.84%. Use the drawdown chart below to compare losses from any high point for VONE and OUSM.

Drawdown Indicators

	VONE	OUSM	Difference
Max Drawdown Largest peak-to-trough decline	-34.66%	-39.84%	+5.18%
Max Drawdown (1Y) Largest decline over 1 year	-8.85%	-9.21%	+0.36%
Max Drawdown (3Y) Largest decline over 3 years	-19.06%	-19.44%	+0.38%
Max Drawdown (5Y) Largest decline over 5 years	-25.12%	-19.44%	-5.68%
Max Drawdown (10Y) Largest decline over 10 years	-34.66%	—	—
Current Drawdown Current decline from peak	-2.20%	-0.33%	-1.87%
Average Drawdown Average peak-to-trough decline	-3.90%	-5.20%	+1.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	3.15%	-1.18%

Volatility

VONE vs. OUSM - Volatility Comparison

Vanguard Russell 1000 ETF (VONE) has a higher volatility of 4.24% compared to OShares U.S. Small-Cap Quality Dividend ETF (OUSM) at 3.89%. This indicates that VONE's price experiences larger fluctuations and is considered to be riskier than OUSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VONE	OUSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	3.89%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	9.61%	9.31%	+0.30%
Volatility (1Y) Calculated over the trailing 1-year period	12.39%	13.26%	-0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.14%	16.32%	+0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.27%	18.92%	-0.65%

VONE vs. OUSM - Expense Ratio Comparison

VONE has a 0.08% expense ratio, which is lower than OUSM's 0.48% expense ratio.

Dividends

VONE vs. OUSM - Dividend Comparison

VONE's dividend yield for the trailing twelve months is around 1.01%, less than OUSM's 2.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OUSM OShares U.S. Small-Cap Quality Dividend ETF	2.04%	2.09%	1.62%	1.64%	1.98%	1.55%	2.02%	1.99%	2.63%	2.17%	0.00%	0.00%
VONE Vanguard Russell 1000 ETF	1.01%	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 OUSM in my portfolio?

VONE and OUSM have a correlation of 0.63, 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 OUSM?

VONE has higher volatility (4.24%) compared to OUSM (3.89%). In terms of maximum drawdown, VONE dropped -34.66% vs OUSM's -39.84%.

Which ETF is better, VONE or OUSM?

On 5-year performance, VONE leads with 12.60% vs 7.57% for OUSM. On fees, VONE is cheaper at 0.08% per year. On volatility, OUSM has been the lower-risk option at 3.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VONE or OUSM?

Over the 5-year period, VONE has performed better with a 12.60% return vs 7.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VONE or OUSM?

VONE is cheaper with a 0.08% expense ratio, compared with 0.48% for OUSM.

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

OUSM has the higher dividend yield at 2.04%, compared with 1.01% for VONE.

What is the main difference between VONE and OUSM?

VONE is categorized as Large Cap Blend Equities, while OUSM is Small Cap Blend Equities. VONE tracks Russell 1000 Index, while OUSM tracks O'Shares US Small-Cap Quality Dividend Index. They also come from different issuers: Vanguard and O'Shares Investments. Their fees differ too: 0.08% for VONE and 0.48% for OUSM.

Which has better risk-adjusted returns?

VONE currently has the higher Sharpe Ratio (1.93 vs 0.89), 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.