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VONE vs. SCHK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VONE vs. SCHK

Last updated Jun 24, 2026

VONE (Vanguard Russell 1000 ETF) and SCHK (Schwab 1000 Index ETF) are both Large Cap Blend Equities funds - VONE tracks the Russell 1000 Index while SCHK tracks the Schwab 1000 Index. Both are passively managed. Over the past 5 years, VONE returned 12.28%/yr vs 12.31%/yr for SCHK. With a 1.00 correlation, they move nearly in lockstep. VONE charges 0.08%/yr vs 0.03%/yr for SCHK.

Performance

VONE vs. SCHK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Russell 1000 ETF (VONE) and Schwab 1000 Index ETF (SCHK). 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 8.02% return, which is significantly lower than SCHK's 8.54% return.

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%

SCHK

1D
-1.42%
1M
-0.95%
YTD
8.54%
6M
7.46%
1Y
23.67%
3Y*
20.74%
5Y*
12.31%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VONE vs. SCHK - 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%5.27%
SCHK
Schwab 1000 Index ETF		8.54%17.23%24.48%26.63%-19.51%26.17%20.75%31.31%-5.09%5.24%

Correlation

The correlation between VONE and SCHK 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 (All Time)
Calculated using the full available price history since Oct 11, 2017

1.00

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

VONE vs. SCHK - Sectors Allocation Comparison

Sectors
VONE
SCHK

Technology

33.9%
38.0%

Financial Services

11.9%
11.2%

Communication Services

10.9%
10.1%

Consumer Cyclical

10.3%
9.8%

Industrials

9.2%
8.9%

Healthcare

8.7%
8.4%

Consumer Defensive

4.8%
4.3%

Energy

3.7%
3.2%

Utilities

2.3%
2.1%

Real Estate

2.2%
2.0%

Basic Materials

2.0%
1.9%

Technology

VONE
33.9%
SCHK
38.0%

Financial Services

VONE
11.9%
SCHK
11.2%

Communication Services

VONE
10.9%
SCHK
10.1%

Consumer Cyclical

VONE
10.3%
SCHK
9.8%

Industrials

VONE
9.2%
SCHK
8.9%

Healthcare

VONE
8.7%
SCHK
8.4%

Consumer Defensive

VONE
4.8%
SCHK
4.3%

Energy

VONE
3.7%
SCHK
3.2%

Utilities

VONE
2.3%
SCHK
2.1%

Real Estate

VONE
2.2%
SCHK
2.0%

Basic Materials

VONE
2.0%
SCHK
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

Schwab 1000 Index ETF

Often compared with VONE:
VONE vs. VONGVONE vs. VOOVONE vs. IWBVONE vs. VONVVONE vs. SPYVONE vs. VTHRVONE vs. VWUSX
Often compared with SCHK:
SCHK vs. SCHBSCHK vs. VOOSCHK vs. SCHXSCHK vs. SCHGSCHK vs. VTISCHK vs. VONGSCHK vs. SCHD

Return for Risk

VONE vs. SCHK — 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
SCHK
SCHK Risk / Return Rank: 5858
Overall Rank
SCHK Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
SCHK Sortino Ratio Rank: 5555
Sortino Ratio Rank
SCHK Omega Ratio Rank: 5656
Omega Ratio Rank
SCHK Calmar Ratio Rank: 5656
Calmar Ratio Rank
SCHK Martin Ratio Rank: 6767
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. SCHK - Risk-Adjusted Trends Comparison

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

VONESCHKDifference
Sharpe ratioReturn per unit of total volatility
1.85
1.86

-0.01

Sortino ratioReturn per unit of downside risk
2.54
2.53

+0.01

Omega ratioGain probability vs. loss probability

1.33

1.33

0.00

Calmar ratioReturn relative to maximum drawdown

2.62

2.65

-0.03

Martin ratioReturn relative to average drawdown

11.65

11.81

-0.16

VONE vs. SCHK - Sharpe Ratio Comparison

The current VONE Sharpe Ratio is 1.85, which is comparable to the SCHK Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of VONE and SCHK, 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. SCHK - Drawdown Comparison

The maximum VONE drawdown since its inception was -34.66%, roughly equal to the maximum SCHK drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for VONE and SCHK.

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Drawdown Indicators

VONESCHKDifference

Max Drawdown

Largest peak-to-trough decline

-34.66%

-34.80%

+0.14%

Max Drawdown (1Y)

Largest decline over 1 year

-8.85%

-8.97%

+0.12%

Max Drawdown (3Y)

Largest decline over 3 years

-19.06%

-19.21%

+0.15%

Max Drawdown (5Y)

Largest decline over 5 years

-25.12%

-25.44%

+0.32%

Max Drawdown (10Y)

Largest decline over 10 years

-34.66%

—

—

Current Drawdown

Current decline from peak

-2.98%

-2.98%

0.00%

Average Drawdown

Average peak-to-trough decline

-3.90%

-5.16%

+1.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.99%

2.01%

-0.02%

Volatility

VONE vs. SCHK - Volatility Comparison

The current volatility for Vanguard Russell 1000 ETF (VONE) is 4.71%, while Schwab 1000 Index ETF (SCHK) has a volatility of 4.96%. This indicates that VONE experiences smaller price fluctuations and is considered to be less risky than SCHK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VONESCHKDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.71%

4.96%

-0.25%

Volatility (6M)

Calculated over the trailing 6-month period

9.84%

10.10%

-0.26%

Volatility (1Y)

Calculated over the trailing 1-year period

12.58%

12.84%

-0.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.17%

17.34%

-0.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.26%

19.12%

-0.86%

VONE vs. SCHK - Expense Ratio Comparison

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

VONE's dividend yield for the trailing twelve months is around 1.04%, which matches SCHK's 1.03% yield.

PositionTTM20252024202320222021202020192018201720162015
SCHK
Schwab 1000 Index ETF		1.03%1.09%1.20%1.38%1.57%1.17%1.58%1.82%1.80%0.31%0.00%0.00%
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 SCHK 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.

SCHK has higher volatility (4.96%) compared to VONE (4.71%). In terms of maximum drawdown, VONE dropped -34.66% vs SCHK's -34.80%.

On 5-year performance, SCHK leads with 12.31% vs 12.28% for VONE. On fees, SCHK is cheaper at 0.03% 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 5-year period, SCHK has performed better with a 12.31% return vs 12.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

VONE and SCHK have nearly identical dividend yields, around 1.04%.

VONE tracks Russell 1000 Index, while SCHK tracks Schwab 1000 Index. They also come from different issuers: Vanguard and Charles Schwab. Their fees differ too: 0.08% for VONE and 0.03% for SCHK.

SCHK currently has the higher Sharpe Ratio (1.86 vs 1.85), 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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