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VONE vs. SCHB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VONE vs. SCHB

Last updated Jun 4, 2026

VONE (Vanguard Russell 1000 ETF) and SCHB (Schwab U.S. Broad Market ETF) are both Large Cap Blend Equities funds - VONE tracks the Russell 1000 Index while SCHB tracks the Dow Jones U.S. Broad Stock Market Index. Both are passively managed. Over the past 10 years, VONE returned 15.25%/yr vs 15.04%/yr for SCHB. With a 0.98 correlation, they move nearly in lockstep. VONE charges 0.08%/yr vs 0.03%/yr for SCHB.

Performance

VONE vs. SCHB - Performance Comparison

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

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Returns By Period

In the year-to-date period, VONE achieves a 10.56% return, which is significantly lower than SCHB's 11.28% return. Both investments have delivered pretty close results over the past 10 years, with VONE having a 15.25% annualized return and SCHB not far behind at 15.04%.

VONE

1D
-0.70%
1M
4.95%
YTD
10.56%
6M
10.53%
1Y
27.04%
3Y*
22.12%
5Y*
13.08%
10Y*
15.25%

SCHB

1D
-0.72%
1M
5.01%
YTD
11.28%
6M
11.12%
1Y
28.12%
3Y*
22.11%
5Y*
12.76%
10Y*
15.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VONE vs. SCHB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VONE
Vanguard Russell 1000 ETF		10.56%17.21%24.51%26.41%-19.14%26.49%20.95%31.12%-4.84%21.55%
SCHB
Schwab U.S. Broad Market ETF		11.28%16.94%23.93%26.16%-19.46%25.84%20.76%30.79%-5.43%21.20%

Correlation

The correlation between VONE and SCHB is 0.99 - 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

0.99

Correlation (3Y)
Calculated over the trailing 3-year period

0.99

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

1.00

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

0.99

Correlation (All Time)
Calculated using the full available price history since Sep 23, 2010

0.98

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

VONE vs. SCHB - Sectors Allocation Comparison

Sectors
VONE
SCHB

Technology

33.9%
34.4%

Financial Services

11.9%
12.2%

Communication Services

10.9%
10.1%

Consumer Cyclical

10.3%
10.1%

Industrials

9.2%
9.4%

Healthcare

8.7%
8.9%

Consumer Defensive

4.8%
4.6%

Energy

3.7%
3.7%

Utilities

2.3%
2.3%

Real Estate

2.2%
2.4%

Basic Materials

2.0%
2.0%

Technology

VONE
33.9%
SCHB
34.4%

Financial Services

VONE
11.9%
SCHB
12.2%

Communication Services

VONE
10.9%
SCHB
10.1%

Consumer Cyclical

VONE
10.3%
SCHB
10.1%

Industrials

VONE
9.2%
SCHB
9.4%

Healthcare

VONE
8.7%
SCHB
8.9%

Consumer Defensive

VONE
4.8%
SCHB
4.6%

Energy

VONE
3.7%
SCHB
3.7%

Utilities

VONE
2.3%
SCHB
2.3%

Real Estate

VONE
2.2%
SCHB
2.4%

Basic Materials

VONE
2.0%
SCHB
2.0%

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

Schwab U.S. Broad Market ETF

Often compared with VONE:
VONE vs. VONGVONE vs. VOOVONE vs. IWBVONE vs. VONVVONE vs. SPYVONE vs. VTHRVONE vs. VWUSX
Often compared with SCHB:
SCHB vs. VTISCHB vs. SCHGSCHB vs. SCHXSCHB vs. VOOSCHB vs. SCHDSCHB vs. SWTSXSCHB vs. SPY

Return for Risk

VONE vs. SCHB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VONE
VONE Risk / Return Rank: 6767
Overall Rank
VONE Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
VONE Sortino Ratio Rank: 6666
Sortino Ratio Rank
VONE Omega Ratio Rank: 6666
Omega Ratio Rank
VONE Calmar Ratio Rank: 6161
Calmar Ratio Rank
VONE Martin Ratio Rank: 7474
Martin Ratio Rank
SCHB
SCHB Risk / Return Rank: 6868
Overall Rank
SCHB Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
SCHB Sortino Ratio Rank: 6868
Sortino Ratio Rank
SCHB Omega Ratio Rank: 6868
Omega Ratio Rank
SCHB Calmar Ratio Rank: 6262
Calmar Ratio Rank
SCHB Martin Ratio Rank: 7575
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. SCHB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 ETF (VONE) and Schwab U.S. Broad Market ETF (SCHB). 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.

VONESCHBDifference
Sharpe ratioReturn per unit of total volatility
2.27
2.33

-0.06

Sortino ratioReturn per unit of downside risk
3.13
3.19

-0.06

Omega ratioGain probability vs. loss probability

1.41

1.42

-0.01

Calmar ratioReturn relative to maximum drawdown

3.07

3.17

-0.10

Martin ratioReturn relative to average drawdown

14.15

14.55

-0.40

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. SCHB - Sharpe Ratio Comparison

The current VONE Sharpe Ratio is 2.27, which is comparable to the SCHB Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of VONE and SCHB, 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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Sharpe Ratios by Period

VONESCHBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.27

2.33

-0.06

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.77

0.74

+0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.84

0.82

+0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.85

0.83

+0.02

Drawdowns

VONE vs. SCHB - Drawdown Comparison

The maximum VONE drawdown since its inception was -34.66%, roughly equal to the maximum SCHB drawdown of -35.27%. Use the drawdown chart below to compare losses from any high point for VONE and SCHB.

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Drawdown Indicators

VONESCHBDifference

Max Drawdown

Largest peak-to-trough decline

-34.66%

-35.27%

+0.61%

Max Drawdown (1Y)

Largest decline over 1 year

-8.85%

-8.91%

+0.06%

Max Drawdown (3Y)

Largest decline over 3 years

-19.06%

-19.34%

+0.28%

Max Drawdown (5Y)

Largest decline over 5 years

-25.12%

-25.41%

+0.29%

Max Drawdown (10Y)

Largest decline over 10 years

-34.66%

-35.27%

+0.61%

Current Drawdown

Current decline from peak

-0.70%

-0.72%

+0.02%

Average Drawdown

Average peak-to-trough decline

-3.91%

-4.12%

+0.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.92%

1.94%

-0.02%

Volatility

VONE vs. SCHB - Volatility Comparison

The current volatility for Vanguard Russell 1000 ETF (VONE) is 2.82%, while Schwab U.S. Broad Market ETF (SCHB) has a volatility of 3.01%. This indicates that VONE experiences smaller price fluctuations and is considered to be less risky than SCHB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VONESCHBDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.82%

3.01%

-0.19%

Volatility (6M)

Calculated over the trailing 6-month period

8.99%

9.14%

-0.15%

Volatility (1Y)

Calculated over the trailing 1-year period

11.97%

12.12%

-0.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.08%

17.24%

-0.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.25%

18.32%

-0.07%

VONE vs. SCHB - Expense Ratio Comparison

VONE has a 0.08% expense ratio, which is higher than SCHB's 0.03% expense ratio. However, 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. SCHB - Dividend Comparison

VONE's dividend yield for the trailing twelve months is around 0.99%, less than SCHB's 1.02% yield.

PositionTTM20252024202320222021202020192018201720162015
SCHB
Schwab U.S. Broad Market ETF		1.02%1.11%1.24%1.40%1.61%1.21%1.63%1.80%2.00%1.65%1.86%2.00%
VONE
Vanguard Russell 1000 ETF		0.99%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 0.99, VONE and SCHB 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.

SCHB has higher volatility (3.01%) compared to VONE (2.82%). In terms of maximum drawdown, VONE dropped -34.66% vs SCHB's -35.27%.

On 10-year performance, VONE leads with 15.25% vs 15.04% for SCHB. On fees, SCHB is cheaper at 0.03% per year. On volatility, VONE has been the lower-risk option at 2.82%. 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 15.25% return vs 15.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHB is cheaper with a 0.03% expense ratio, compared with 0.08% for VONE.

SCHB has the higher dividend yield at 1.02%, compared with 0.99% for VONE.

VONE tracks Russell 1000 Index, while SCHB tracks Dow Jones U.S. Broad Stock Market Index. They also come from different issuers: Vanguard and Charles Schwab. Their fees differ too: 0.08% for VONE and 0.03% for SCHB.

SCHB currently has the higher Sharpe Ratio (2.33 vs 2.27), 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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