VONE vs. SPY
Compare and contrast key facts about Vanguard Russell 1000 ETF (VONE) and SPDR S&P 500 ETF (SPY).
VONE and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VONE is a passively managed fund by Vanguard that tracks the performance of the Russell 1000 Index. It was launched on Sep 20, 2010. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both VONE and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VONE or SPY.
Key characteristics
| VONE | SPY | |
|---|---|---|
| YTD Return | 27.05% | 27.16% |
| 1Y Return | 38.58% | 37.73% |
| 3Y Return (Ann) | 9.49% | 10.28% |
| 5Y Return (Ann) | 15.82% | 15.97% |
| 10Y Return (Ann) | 13.18% | 13.38% |
| Sharpe Ratio | 3.27 | 3.25 |
| Sortino Ratio | 4.33 | 4.32 |
| Omega Ratio | 1.62 | 1.61 |
| Calmar Ratio | 4.76 | 4.74 |
| Martin Ratio | 21.62 | 21.51 |
| Ulcer Index | 1.88% | 1.85% |
| Daily Std Dev | 12.38% | 12.20% |
| Max Drawdown | -34.67% | -55.19% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between VONE and SPY is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VONE vs. SPY - Performance Comparison
The year-to-date returns for both investments are quite close, with VONE having a 27.05% return and SPY slightly higher at 27.16%. Both investments have delivered pretty close results over the past 10 years, with VONE having a 13.18% annualized return and SPY not far ahead at 13.38%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VONE vs. SPY - Expense Ratio Comparison
VONE has a 0.08% expense ratio, which is lower than SPY's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VONE vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 ETF (VONE) and SPDR S&P 500 ETF (SPY). 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.
Dividends
VONE vs. SPY - Dividend Comparison
VONE's dividend yield for the trailing twelve months is around 1.20%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VONE Vanguard Russell 1000 ETF | 1.20% | 1.40% | 1.59% | 1.16% | 1.45% | 1.66% | 1.96% | 1.69% | 1.89% | 1.89% | 1.68% | 1.70% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VONE vs. SPY - Drawdown Comparison
The maximum VONE drawdown since its inception was -34.67%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VONE and SPY. For additional features, visit the drawdowns tool.
Volatility
VONE vs. SPY - Volatility Comparison
Vanguard Russell 1000 ETF (VONE) and SPDR S&P 500 ETF (SPY) have volatilities of 3.92% and 3.92%, 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.