VONE vs. SVOL

Last updated Jun 13, 2026

VONE (Vanguard Russell 1000 ETF) and SVOL (Simplify Volatility Premium ETF) are both exchange-traded funds - VONE is a Large Cap Blend Equities fund tracking the Russell 1000 Index, while SVOL is a Volatility fund actively managed by Simplify. VONE is passively managed, while SVOL is actively managed. Over the past 5 years, VONE returned 12.60%/yr vs 6.22%/yr for SVOL. A 0.73 correlation means they provide meaningful diversification when combined. VONE charges 0.08%/yr vs 0.50%/yr for SVOL.

Performance

VONE vs. SVOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Russell 1000 ETF (VONE) and Simplify Volatility Premium ETF (SVOL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VONE achieves a 8.90% return, which is significantly higher than SVOL's -0.84% return.

VONE

• 1D: 0.43%
• 1M: 0.28%
• YTD: 8.90%
• 6M: 9.17%
• 1Y: 23.83%
• 3Y*: 20.64%
• 5Y*: 12.60%
• 10Y*: 15.21%

SVOL

• 1D: 1.14%
• 1M: 1.82%
• YTD: -0.84%
• 6M: 0.96%
• 1Y: 10.32%
• 3Y*: 5.92%
• 5Y*: 6.22%
• 10Y*: —

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

VONE vs. SVOL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VONE Vanguard Russell 1000 ETF	8.90%	17.21%	24.51%	26.41%	-19.14%	17.00%
SVOL Simplify Volatility Premium ETF	-0.84%	2.41%	6.77%	22.88%	-3.30%	12.70%

Correlation

The correlation between VONE and SVOL is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since May 13, 2021	0.73

The correlation between VONE and SVOL has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.

VONE vs. SVOL - Sectors Allocation Comparison

Sectors	VONE	SVOL
Technology	33.9%	31.9%
Financial Services	11.9%	11.4%
Communication Services	10.9%	7.4%
Consumer Cyclical	10.3%	9.4%
Industrials	9.2%	11.4%
Healthcare	8.7%	11.0%
Consumer Defensive	4.8%	5.1%
Energy	3.7%	4.8%
Utilities	2.3%	2.3%
Real Estate	2.2%	2.8%
Basic Materials	2.0%	2.5%

Return for Risk

VONE vs. SVOL — Risk / Return Rank

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

VONE

VONE Risk / Return Rank: 68
VONE Sharpe Ratio Rank: 69
VONE Sortino Ratio Rank: 67
VONE Omega Ratio Rank: 67
VONE Calmar Ratio Rank: 62
VONE Martin Ratio Rank: 74

SVOL

SVOL Risk / Return Rank: 19
SVOL Sharpe Ratio Rank: 18
SVOL Sortino Ratio Rank: 18
SVOL Omega Ratio Rank: 19
SVOL Calmar Ratio Rank: 20
SVOL Martin Ratio Rank: 19

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. SVOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 ETF (VONE) and Simplify Volatility Premium ETF (SVOL). 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.

	VONE	SVOL	Difference
Sharpe ratio: Return per unit of total volatility	1.93	0.50	+1.43
Sortino ratio: Return per unit of downside risk	2.64	0.83	+1.81
Omega ratio: Gain probability vs. loss probability	1.35	1.11	+0.23
Calmar ratio: Return relative to maximum drawdown	2.71	0.80	+1.91
Martin ratio: Return relative to average drawdown	12.15	1.90	+10.25

VONE vs. SVOL - Sharpe Ratio Comparison

The current VONE Sharpe Ratio is 1.93, which is higher than the SVOL Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of VONE and SVOL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VONE vs. SVOL - Drawdown Comparison

The maximum VONE drawdown since its inception was -34.66%, roughly equal to the maximum SVOL drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for VONE and SVOL.

Drawdown Indicators

	VONE	SVOL	Difference
Max Drawdown Largest peak-to-trough decline	-34.66%	-33.50%	-1.16%
Max Drawdown (1Y) Largest decline over 1 year	-8.85%	-13.01%	+4.16%
Max Drawdown (3Y) Largest decline over 3 years	-19.06%	-33.50%	+14.44%
Max Drawdown (5Y) Largest decline over 5 years	-25.12%	-33.50%	+8.38%
Max Drawdown (10Y) Largest decline over 10 years	-34.66%	—	—
Current Drawdown Current decline from peak	-2.20%	-3.40%	+1.20%
Average Drawdown Average peak-to-trough decline	-3.90%	-4.76%	+0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	5.50%	-3.53%

Volatility

VONE vs. SVOL - Volatility Comparison

Vanguard Russell 1000 ETF (VONE) has a higher volatility of 4.24% compared to Simplify Volatility Premium ETF (SVOL) at 3.48%. This indicates that VONE's price experiences larger fluctuations and is considered to be riskier than SVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VONE	SVOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	3.48%	+0.76%
Volatility (6M) Calculated over the trailing 6-month period	9.61%	9.95%	-0.34%
Volatility (1Y) Calculated over the trailing 1-year period	12.39%	20.81%	-8.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.14%	22.01%	-4.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.27%	21.90%	-3.63%

VONE vs. SVOL - Expense Ratio Comparison

VONE has a 0.08% expense ratio, which is lower than SVOL's 0.50% expense ratio.

Dividends

VONE vs. SVOL - Dividend Comparison

VONE's dividend yield for the trailing twelve months is around 1.01%, less than SVOL's 22.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SVOL Simplify Volatility Premium ETF	22.19%	19.82%	16.79%	16.36%	18.32%	4.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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 SVOL in my portfolio?

VONE and SVOL have a correlation of 0.77, 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 SVOL?

VONE has higher volatility (4.24%) compared to SVOL (3.48%). In terms of maximum drawdown, VONE dropped -34.66% vs SVOL's -33.50%.

Which ETF is better, VONE or SVOL?

On 5-year performance, VONE leads with 12.60% vs 6.22% for SVOL. On fees, VONE is cheaper at 0.08% per year. On volatility, SVOL has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VONE or SVOL?

Over the 5-year period, VONE has performed better with a 12.60% return vs 6.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VONE or SVOL?

VONE is cheaper with a 0.08% expense ratio, compared with 0.50% for SVOL.

Which ETF pays a higher dividend yield, VONE or SVOL?

SVOL has the higher dividend yield at 22.19%, compared with 1.01% for VONE.

What is the main difference between VONE and SVOL?

VONE is categorized as Large Cap Blend Equities, while SVOL is Volatility. They also come from different issuers: Vanguard and Simplify. Their fees differ too: 0.08% for VONE and 0.50% for SVOL.

Which has better risk-adjusted returns?

VONE currently has the higher Sharpe Ratio (1.93 vs 0.50), 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.