VONE vs. VMLUX
Compare and contrast key facts about Vanguard Russell 1000 ETF (VONE) and Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX).
VONE is a passively managed fund by Vanguard that tracks the performance of the Russell 1000 Index. It was launched on Sep 20, 2010. VMLUX is managed by Vanguard. It was launched on Feb 12, 2001.
Performance
VONE vs. VMLUX - Performance Comparison
Loading graphics...
VONE vs. VMLUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VONE Vanguard Russell 1000 ETF | -4.22% | 17.21% | 24.51% | 26.41% | -19.14% | 26.49% | 20.95% | 31.12% | -4.84% | 21.55% |
VMLUX Vanguard Limited-Term Tax-Exempt Fund Admiral Shares | -0.12% | 5.50% | 3.25% | 4.29% | -2.90% | 0.23% | 3.38% | 4.21% | 1.64% | 2.13% |
Returns By Period
In the year-to-date period, VONE achieves a -4.22% return, which is significantly lower than VMLUX's -0.12% return. Over the past 10 years, VONE has outperformed VMLUX with an annualized return of 13.81%, while VMLUX has yielded a comparatively lower 2.06% annualized return.
VONE
- 1D
- 2.94%
- 1M
- -5.03%
- YTD
- -4.22%
- 6M
- -2.25%
- 1Y
- 17.08%
- 3Y*
- 18.08%
- 5Y*
- 10.99%
- 10Y*
- 13.81%
VMLUX
- 1D
- 0.00%
- 1M
- -1.53%
- YTD
- -0.12%
- 6M
- 0.59%
- 1Y
- 3.86%
- 3Y*
- 3.78%
- 5Y*
- 2.05%
- 10Y*
- 2.06%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VONE vs. VMLUX - Expense Ratio Comparison
VONE has a 0.08% expense ratio, which is lower than VMLUX'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%.
Return for Risk
VONE vs. VMLUX — Risk / Return Rank
VONE
VMLUX
VONE vs. VMLUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 ETF (VONE) and Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX). 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.
| VONE | VMLUX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 1.97 | -1.00 |
Sortino ratioReturn per unit of downside risk | 1.48 | 2.95 | -1.47 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.66 | -0.43 |
Calmar ratioReturn relative to maximum drawdown | 1.50 | 2.32 | -0.82 |
Martin ratioReturn relative to average drawdown | 7.13 | 10.14 | -3.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VONE | VMLUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.97 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 1.11 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 1.07 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 1.46 | -0.66 |
Correlation
The correlation between VONE and VMLUX is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
VONE vs. VMLUX - Dividend Comparison
VONE's dividend yield for the trailing twelve months is around 1.14%, less than VMLUX's 3.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VONE Vanguard Russell 1000 ETF | 1.14% | 1.07% | 1.20% | 1.40% | 1.59% | 1.16% | 1.45% | 1.65% | 1.96% | 1.69% | 1.89% | 1.89% |
VMLUX Vanguard Limited-Term Tax-Exempt Fund Admiral Shares | 3.14% | 3.85% | 3.38% | 2.39% | 1.64% | 1.04% | 1.70% | 2.10% | 1.89% | 1.65% | 1.62% | 1.58% |
Drawdowns
VONE vs. VMLUX - Drawdown Comparison
The maximum VONE drawdown since its inception was -34.66%, which is greater than VMLUX's maximum drawdown of -6.41%. Use the drawdown chart below to compare losses from any high point for VONE and VMLUX.
Loading graphics...
Drawdown Indicators
| VONE | VMLUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.66% | -6.41% | -28.25% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -2.02% | -10.09% |
Max Drawdown (5Y)Largest decline over 5 years | -25.12% | -5.60% | -19.52% |
Max Drawdown (10Y)Largest decline over 10 years | -34.66% | -6.41% | -28.25% |
Current DrawdownCurrent decline from peak | -6.17% | -1.53% | -4.64% |
Average DrawdownAverage peak-to-trough decline | -3.94% | -0.54% | -3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 0.46% | +2.09% |
Volatility
VONE vs. VMLUX - Volatility Comparison
Vanguard Russell 1000 ETF (VONE) has a higher volatility of 5.36% compared to Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX) at 0.50%. This indicates that VONE's price experiences larger fluctuations and is considered to be riskier than VMLUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| VONE | VMLUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.36% | 0.50% | +4.86% |
Volatility (6M)Calculated over the trailing 6-month period | 9.59% | 1.03% | +8.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.20% | 2.34% | +15.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.09% | 1.85% | +15.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 1.92% | +16.31% |