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VONE vs. SCHX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VONE vs. SCHX

Last updated Jun 5, 2026

VONE (Vanguard Russell 1000 ETF) and SCHX (Schwab U.S. Large-Cap ETF) are both Large Cap Blend Equities funds - VONE tracks the Russell 1000 Index while SCHX tracks the Dow Jones U.S. Large-Cap Total Stock Market Index. Both are passively managed. Over the past 10 years, VONE returned 15.24%/yr vs 15.41%/yr for SCHX. With a 0.98 correlation, they move nearly in lockstep. VONE charges 0.08%/yr vs 0.03%/yr for SCHX.

Performance

VONE vs. SCHX - Performance Comparison

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

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Returns By Period

The year-to-date returns for both investments are quite close, with VONE having a 11.05% return and SCHX slightly higher at 11.20%. Both investments have delivered pretty close results over the past 10 years, with VONE having a 15.24% annualized return and SCHX not far ahead at 15.41%.

VONE

1D
0.44%
1M
4.62%
YTD
11.05%
6M
10.88%
1Y
27.69%
3Y*
22.42%
5Y*
13.18%
10Y*
15.24%

SCHX

1D
0.44%
1M
4.70%
YTD
11.20%
6M
10.96%
1Y
27.92%
3Y*
22.63%
5Y*
13.39%
10Y*
15.41%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VONE vs. SCHX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VONE
Vanguard Russell 1000 ETF		11.05%17.21%24.51%26.41%-19.14%26.49%20.95%31.12%-4.84%21.55%
SCHX
Schwab U.S. Large-Cap ETF		11.20%17.46%24.88%26.84%-19.41%26.81%20.81%31.22%-4.66%21.95%

Correlation

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

VONE vs. SCHX - Sectors Allocation Comparison

Sectors
VONE
SCHX

Technology

33.9%
37.5%

Financial Services

11.9%
9.9%

Communication Services

10.9%
10.3%

Consumer Cyclical

10.3%
9.7%

Industrials

9.2%
8.5%

Healthcare

8.7%
8.4%

Consumer Defensive

4.8%
4.5%

Energy

3.7%
3.4%

Utilities

2.3%
2.6%

Real Estate

2.2%
2.0%

Basic Materials

2.0%
1.8%

Technology

VONE
33.9%
SCHX
37.5%

Financial Services

VONE
11.9%
SCHX
9.9%

Communication Services

VONE
10.9%
SCHX
10.3%

Consumer Cyclical

VONE
10.3%
SCHX
9.7%

Industrials

VONE
9.2%
SCHX
8.5%

Healthcare

VONE
8.7%
SCHX
8.4%

Consumer Defensive

VONE
4.8%
SCHX
4.5%

Energy

VONE
3.7%
SCHX
3.4%

Utilities

VONE
2.3%
SCHX
2.6%

Real Estate

VONE
2.2%
SCHX
2.0%

Basic Materials

VONE
2.0%
SCHX
1.8%

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. Large-Cap ETF

Often compared with VONE:
VONE vs. VONGVONE vs. VOOVONE vs. IWBVONE vs. VONVVONE vs. SPYVONE vs. VTHRVONE vs. VWUSX
Often compared with SCHX:
SCHX vs. VOOSCHX vs. SWPPXSCHX vs. SCHGSCHX vs. SCHBSCHX vs. SCHDSCHX vs. SPYSCHX vs. FNDX

Return for Risk

VONE vs. SCHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VONE
VONE Risk / Return Rank: 7171
Overall Rank
VONE Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
VONE Sortino Ratio Rank: 7272
Sortino Ratio Rank
VONE Omega Ratio Rank: 7171
Omega Ratio Rank
VONE Calmar Ratio Rank: 6464
Calmar Ratio Rank
VONE Martin Ratio Rank: 7777
Martin Ratio Rank
SCHX
SCHX Risk / Return Rank: 7171
Overall Rank
SCHX Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
SCHX Sortino Ratio Rank: 7272
Sortino Ratio Rank
SCHX Omega Ratio Rank: 7272
Omega Ratio Rank
SCHX Calmar Ratio Rank: 6464
Calmar Ratio Rank
SCHX 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. SCHX - Risk-Adjusted Trends Comparison

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

VONESCHXDifference
Sharpe ratioReturn per unit of total volatility
2.32
2.34

-0.02

Sortino ratioReturn per unit of downside risk
3.19
3.19

0.00

Omega ratioGain probability vs. loss probability

1.42

1.42

0.00

Calmar ratioReturn relative to maximum drawdown

3.14

3.11

+0.04

Martin ratioReturn relative to average drawdown

14.49

14.13

+0.35

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. SCHX - Sharpe Ratio Comparison

The current VONE Sharpe Ratio is 2.32, which is comparable to the SCHX Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of VONE and SCHX, 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

VONESCHXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.32

2.34

-0.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.78

0.79

-0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.84

0.85

-0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.85

0.85

0.00

Drawdowns

VONE vs. SCHX - Drawdown Comparison

The maximum VONE drawdown since its inception was -34.66%, roughly equal to the maximum SCHX drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for VONE and SCHX.

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Drawdown Indicators

VONESCHXDifference

Max Drawdown

Largest peak-to-trough decline

-34.66%

-34.33%

-0.33%

Max Drawdown (1Y)

Largest decline over 1 year

-8.85%

-9.02%

+0.17%

Max Drawdown (3Y)

Largest decline over 3 years

-19.06%

-19.04%

-0.02%

Max Drawdown (5Y)

Largest decline over 5 years

-25.12%

-25.41%

+0.29%

Max Drawdown (10Y)

Largest decline over 10 years

-34.66%

-34.33%

-0.33%

Current Drawdown

Current decline from peak

-0.27%

-0.27%

0.00%

Average Drawdown

Average peak-to-trough decline

-3.91%

-3.97%

+0.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.92%

1.98%

-0.06%

Volatility

VONE vs. SCHX - Volatility Comparison

Vanguard Russell 1000 ETF (VONE) and Schwab U.S. Large-Cap ETF (SCHX) have volatilities of 2.77% and 2.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VONESCHXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.77%

2.86%

-0.09%

Volatility (6M)

Calculated over the trailing 6-month period

9.00%

9.03%

-0.03%

Volatility (1Y)

Calculated over the trailing 1-year period

11.97%

11.98%

-0.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.08%

17.12%

-0.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.25%

18.14%

+0.11%

VONE vs. SCHX - Expense Ratio Comparison

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

VONE's dividend yield for the trailing twelve months is around 0.99%, which matches SCHX's 1.00% yield.

PositionTTM20252024202320222021202020192018201720162015
SCHX
Schwab U.S. Large-Cap ETF		1.00%1.09%1.22%1.39%1.64%1.22%1.64%1.82%2.02%1.70%1.92%2.04%
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 SCHX 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.

SCHX has higher volatility (2.86%) compared to VONE (2.77%). In terms of maximum drawdown, VONE dropped -34.66% vs SCHX's -34.33%.

On 10-year performance, SCHX leads with 15.41% vs 15.24% for VONE. On fees, SCHX is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SCHX has performed better with a 15.41% return vs 15.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

VONE and SCHX have nearly identical dividend yields, around 0.99%.

VONE tracks Russell 1000 Index, while SCHX tracks Dow Jones U.S. Large-Cap Total 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 SCHX.

SCHX currently has the higher Sharpe Ratio (2.34 vs 2.32), 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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