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VONE vs. VIS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VONE vs. VIS

Last updated Jun 23, 2026

VONE (Vanguard Russell 1000 ETF) and VIS (Vanguard Industrials ETF) are both exchange-traded funds - VONE is a Large Cap Blend Equities fund tracking the Russell 1000 Index, while VIS is a Industrials Equities fund tracking the MSCI US Investable Market Industrials 25/50 Index. Both are passively managed. Over the past 10 years, VONE returned 15.46%/yr vs 14.85%/yr for VIS. Their correlation of 0.85 suggests significant overlap in exposure. VONE charges 0.08%/yr vs 0.09%/yr for VIS.

Performance

VONE vs. VIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Russell 1000 ETF (VONE) and Vanguard Industrials ETF (VIS). 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 9.48% return, which is significantly lower than VIS's 19.57% return. Both investments have delivered pretty close results over the past 10 years, with VONE having a 15.46% annualized return and VIS not far behind at 14.85%.

VONE

1D
-0.27%
1M
0.31%
YTD
9.48%
6M
9.01%
1Y
25.90%
3Y*
21.09%
5Y*
12.72%
10Y*
15.46%

VIS

1D
0.66%
1M
5.89%
YTD
19.57%
6M
17.53%
1Y
33.16%
3Y*
23.08%
5Y*
14.26%
10Y*
14.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VONE vs. VIS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VONE
Vanguard Russell 1000 ETF		9.48%17.21%24.51%26.41%-19.14%26.49%20.95%31.12%-4.84%21.55%
VIS
Vanguard Industrials ETF		19.57%18.57%16.85%22.50%-8.57%20.80%12.34%30.09%-14.01%21.47%

Correlation

The correlation between VONE and VIS is 0.74, 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

0.74

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

0.79

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

0.84

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

0.83

Correlation (All Time)
Calculated using the full available price history since Sep 22, 2010

0.85

The correlation between VONE and VIS shifts across timeframes, from 0.74 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.

VONE vs. VIS - Sectors Allocation Comparison

Sectors
VONE
VIS

Technology

33.9%
4.2%

Financial Services

11.9%
0.2%

Communication Services

10.9%
0.0%

Consumer Cyclical

10.3%
1.1%

Industrials

9.2%
90.2%

Healthcare

8.7%
0.0%

Consumer Defensive

4.8%

-

Energy

3.7%
0.2%

Utilities

2.3%
3.8%

Real Estate

2.2%
0.0%

Basic Materials

2.0%
0.1%

Technology

VONE
33.9%
VIS
4.2%

Financial Services

VONE
11.9%
VIS
0.2%

Communication Services

VONE
10.9%
VIS
0.0%

Consumer Cyclical

VONE
10.3%
VIS
1.1%

Industrials

VONE
9.2%
VIS
90.2%

Healthcare

VONE
8.7%
VIS
0.0%

Consumer Defensive

VONE
4.8%
VIS

-

Energy

VONE
3.7%
VIS
0.2%

Utilities

VONE
2.3%
VIS
3.8%

Real Estate

VONE
2.2%
VIS
0.0%

Basic Materials

VONE
2.0%
VIS
0.1%

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

Vanguard Industrials ETF

Often compared with VONE:
VONE vs. VONGVONE vs. VOOVONE vs. IWBVONE vs. VONVVONE vs. SPYVONE vs. VTHRVONE vs. VWUSX
Often compared with VIS:
VIS vs. XLIVIS vs. VOOVIS vs. FIDUVIS vs. VGTVIS vs. VINAXVIS vs. IYJVIS vs. PRN

Return for Risk

VONE vs. VIS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VONE
VONE Risk / Return Rank: 6565
Overall Rank
VONE Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
VONE Sortino Ratio Rank: 6464
Sortino Ratio Rank
VONE Omega Ratio Rank: 6565
Omega Ratio Rank
VONE Calmar Ratio Rank: 6161
Calmar Ratio Rank
VONE Martin Ratio Rank: 7272
Martin Ratio Rank
VIS
VIS Risk / Return Rank: 5959
Overall Rank
VIS Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
VIS Sortino Ratio Rank: 5959
Sortino Ratio Rank
VIS Omega Ratio Rank: 5454
Omega Ratio Rank
VIS Calmar Ratio Rank: 5656
Calmar Ratio Rank
VIS Martin Ratio Rank: 6464
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. VIS - Risk-Adjusted Trends Comparison

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

VONEVISDifference
Sharpe ratioReturn per unit of total volatility
2.08
1.93

+0.15

Sortino ratioReturn per unit of downside risk
2.84
2.71

+0.14

Omega ratioGain probability vs. loss probability

1.37

1.33

+0.05

Calmar ratioReturn relative to maximum drawdown

2.94

2.71

+0.23

Martin ratioReturn relative to average drawdown

13.14

11.22

+1.92

VONE vs. VIS - Sharpe Ratio Comparison

The current VONE Sharpe Ratio is 2.08, which is comparable to the VIS Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of VONE and VIS, 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. VIS - Drawdown Comparison

The maximum VONE drawdown since its inception was -34.66%, smaller than the maximum VIS drawdown of -63.51%. Use the drawdown chart below to compare losses from any high point for VONE and VIS.

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Drawdown Indicators

VONEVISDifference

Max Drawdown

Largest peak-to-trough decline

-34.66%

-63.51%

+28.85%

Max Drawdown (1Y)

Largest decline over 1 year

-8.85%

-12.29%

+3.44%

Max Drawdown (3Y)

Largest decline over 3 years

-19.06%

-20.80%

+1.74%

Max Drawdown (5Y)

Largest decline over 5 years

-25.12%

-22.96%

-2.16%

Max Drawdown (10Y)

Largest decline over 10 years

-34.66%

-42.42%

+7.76%

Current Drawdown

Current decline from peak

-1.67%

0.00%

-1.67%

Average Drawdown

Average peak-to-trough decline

-3.90%

-8.36%

+4.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.98%

2.96%

-0.98%

Volatility

VONE vs. VIS - Volatility Comparison

The current volatility for Vanguard Russell 1000 ETF (VONE) is 4.51%, while Vanguard Industrials ETF (VIS) has a volatility of 6.13%. This indicates that VONE experiences smaller price fluctuations and is considered to be less risky than VIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VONEVISDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.51%

6.13%

-1.62%

Volatility (6M)

Calculated over the trailing 6-month period

9.76%

14.16%

-4.40%

Volatility (1Y)

Calculated over the trailing 1-year period

12.52%

17.26%

-4.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.16%

18.47%

-1.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.29%

20.50%

-2.21%

VONE vs. VIS - Expense Ratio Comparison

VONE has a 0.08% expense ratio, which is lower than VIS'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%.

Dividends

VONE vs. VIS - Dividend Comparison

VONE's dividend yield for the trailing twelve months is around 1.03%, more than VIS's 0.85% yield.

PositionTTM20252024202320222021202020192018201720162015
VIS
Vanguard Industrials ETF		0.85%1.01%1.23%1.36%1.52%1.11%1.38%1.68%1.90%1.60%1.81%1.94%
VONE
Vanguard Russell 1000 ETF		1.03%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

VONE and VIS have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VIS has higher volatility (6.13%) compared to VONE (4.51%). In terms of maximum drawdown, VONE dropped -34.66% vs VIS's -63.51%.

On 10-year performance, VONE leads with 15.46% vs 14.85% for VIS. On fees, VONE is cheaper at 0.08% per year. On volatility, VONE has been the lower-risk option at 4.51%. 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 15.46% return vs 14.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VONE is cheaper with a 0.08% expense ratio, compared with 0.09% for VIS.

VONE has the higher dividend yield at 1.03%, compared with 0.85% for VIS.

VONE is categorized as Large Cap Blend Equities, while VIS is Industrials Equities. VONE tracks Russell 1000 Index, while VIS tracks MSCI US Investable Market Industrials 25/50 Index. Their fees differ too: 0.08% for VONE and 0.09% for VIS.

VONE currently has the higher Sharpe Ratio (2.08 vs 1.93), 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

Find the right allocation for VONE and VIS

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