VONE vs. PGZ

Last updated Jun 9, 2026

VONE (Vanguard Russell 1000 ETF) is Large Cap Blend Equities fund tracking the Russell 1000 Index, while PGZ (Principal Real Estate Income Fund) is a stock. Over the past 10 years, VONE returned 15.05%/yr vs 3.73%/yr for PGZ. At a 0.39 correlation, their price movements are largely independent.

Performance

VONE vs. PGZ - Performance Comparison

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

Returns By Period

In the year-to-date period, VONE achieves a 8.46% return, which is significantly higher than PGZ's 3.99% return. Over the past 10 years, VONE has outperformed PGZ with an annualized return of 15.05%, while PGZ has yielded a comparatively lower 3.73% annualized return.

VONE

• 1D: 0.18%
• 1M: 0.42%
• YTD: 8.46%
• 6M: 8.48%
• 1Y: 24.02%
• 3Y*: 21.14%
• 5Y*: 12.68%
• 10Y*: 15.05%

PGZ

• 1D: -0.15%
• 1M: -1.08%
• YTD: 3.99%
• 6M: 4.98%
• 1Y: 6.00%
• 3Y*: 14.43%
• 5Y*: 1.51%
• 10Y*: 3.73%

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

VONE vs. PGZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VONE Vanguard Russell 1000 ETF	8.46%	17.21%	24.51%	26.41%	-19.14%	26.49%	20.95%	31.12%	-4.84%	21.55%
PGZ Principal Real Estate Income Fund	3.99%	14.50%	17.99%	4.05%	-27.98%	38.70%	-36.50%	36.77%	3.92%	18.23%

Correlation

The correlation between VONE and PGZ is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Jun 27, 2013	0.39

Return for Risk

VONE vs. PGZ — Risk / Return Rank

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

VONE

VONE Risk / Return Rank: 66
VONE Sharpe Ratio Rank: 66
VONE Sortino Ratio Rank: 65
VONE Omega Ratio Rank: 66
VONE Calmar Ratio Rank: 60
VONE Martin Ratio Rank: 73

PGZ

PGZ Risk / Return Rank: 58
PGZ Sharpe Ratio Rank: 63
PGZ Sortino Ratio Rank: 53
PGZ Omega Ratio Rank: 54
PGZ Calmar Ratio Rank: 56
PGZ Martin Ratio Rank: 63

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. PGZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 ETF (VONE) and Principal Real Estate Income Fund (PGZ). 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	PGZ	Difference
Sharpe ratio: Return per unit of total volatility	1.98	0.60	+1.38
Sortino ratio: Return per unit of downside risk	2.70	0.90	+1.79
Omega ratio: Gain probability vs. loss probability	1.36	1.12	+0.23
Calmar ratio: Return relative to maximum drawdown	2.73	0.61	+2.11
Martin ratio: Return relative to average drawdown	12.47	2.32	+10.15
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. PGZ - Sharpe Ratio Comparison

The current VONE Sharpe Ratio is 1.98, which is higher than the PGZ Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of VONE and PGZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VONE	PGZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	0.60	+1.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.10	+0.64
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.17	+0.66
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.21	+0.63

Drawdowns

VONE vs. PGZ - Drawdown Comparison

The maximum VONE drawdown since its inception was -34.66%, smaller than the maximum PGZ drawdown of -53.58%. Use the drawdown chart below to compare losses from any high point for VONE and PGZ.

Drawdown Indicators

	VONE	PGZ	Difference
Max Drawdown Largest peak-to-trough decline	-34.66%	-53.58%	+18.92%
Max Drawdown (1Y) Largest decline over 1 year	-8.85%	-9.82%	+0.97%
Max Drawdown (3Y) Largest decline over 3 years	-19.06%	-10.56%	-8.50%
Max Drawdown (5Y) Largest decline over 5 years	-25.12%	-35.34%	+10.22%
Max Drawdown (10Y) Largest decline over 10 years	-34.66%	-53.58%	+18.92%
Current Drawdown Current decline from peak	-2.59%	-11.41%	+8.82%
Average Drawdown Average peak-to-trough decline	-3.90%	-16.13%	+12.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	2.59%	-0.66%

Volatility

VONE vs. PGZ - Volatility Comparison

Vanguard Russell 1000 ETF (VONE) has a higher volatility of 3.68% compared to Principal Real Estate Income Fund (PGZ) at 2.51%. This indicates that VONE's price experiences larger fluctuations and is considered to be riskier than PGZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VONE	PGZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.68%	2.51%	+1.17%
Volatility (6M) Calculated over the trailing 6-month period	9.37%	8.63%	+0.74%
Volatility (1Y) Calculated over the trailing 1-year period	12.22%	10.06%	+2.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.12%	14.91%	+2.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.27%	21.81%	-3.54%

Dividends

VONE vs. PGZ - Dividend Comparison

VONE's dividend yield for the trailing twelve months is around 1.01%, less than PGZ's 12.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PGZ Principal Real Estate Income Fund	12.75%	12.59%	12.75%	13.33%	11.86%	6.32%	10.34%	6.25%	7.98%	9.51%	10.90%	10.40%
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 PGZ in my portfolio?

VONE and PGZ have a correlation of 0.35, 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 PGZ?

VONE has higher volatility (3.68%) compared to PGZ (2.51%). In terms of maximum drawdown, VONE dropped -34.66% vs PGZ's -53.58%.

Which has better risk-adjusted returns?

VONE currently has the higher Sharpe Ratio (1.98 vs 0.60), 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.