VONE vs. VNQ
VONE (Vanguard Russell 1000 ETF) and VNQ (Vanguard Real Estate ETF) are both exchange-traded funds - VONE is a Large Cap Blend Equities fund tracking the Russell 1000 Index, while VNQ is a REIT fund tracking the MSCI US Investable Market Real Estate 25/50 Index. Both are passively managed. Over the past 10 years, VONE returned 15.46%/yr vs 5.31%/yr for VNQ. A 0.61 correlation means they provide meaningful diversification when combined. VONE charges 0.08%/yr vs 0.13%/yr for VNQ.
Performance
VONE vs. VNQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VONE achieves a 9.48% return, which is significantly lower than VNQ's 10.32% return. Over the past 10 years, VONE has outperformed VNQ with an annualized return of 15.46%, while VNQ has yielded a comparatively lower 5.31% annualized return.
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%
VNQ
- 1D
- 1.08%
- 1M
- -0.19%
- YTD
- 10.32%
- 6M
- 10.63%
- 1Y
- 11.80%
- 3Y*
- 10.81%
- 5Y*
- 2.52%
- 10Y*
- 5.31%
VONE vs. VNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VNQ Vanguard Real Estate ETF | 10.32% | 3.24% | 4.81% | 11.85% | -26.25% | 40.54% | -4.61% | 28.91% | -6.03% | 4.90% |
Correlation
The correlation between VONE and VNQ is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010 | 0.61 |
Over the past year, the correlation between VONE and VNQ has dropped to 0.32 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VONE vs. VNQ — Risk / Return Rank
VONE
VNQ
VONE vs. VNQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 ETF (VONE) and Vanguard Real Estate ETF (VNQ). 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 | VNQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.16 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 1.42 | +1.52 |
| Martin ratioReturn relative to average drawdown | 13.14 | 4.45 | +8.69 |
Loading charts...
Drawdowns
VONE vs. VNQ - Drawdown Comparison
The maximum VONE drawdown since its inception was -34.66%, smaller than the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for VONE and VNQ.
Loading charts...
Drawdown Indicators
| VONE | VNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.66% | -73.07% | +38.41% |
Max Drawdown (1Y)Largest decline over 1 year | -8.85% | -8.34% | -0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -17.46% | -1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -25.12% | -34.48% | +9.36% |
Max Drawdown (10Y)Largest decline over 10 years | -34.66% | -42.40% | +7.74% |
Current DrawdownCurrent decline from peak | -1.67% | -1.95% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -3.90% | -13.60% | +9.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 2.66% | -0.68% |
Volatility
VONE vs. VNQ - Volatility Comparison
The current volatility for Vanguard Russell 1000 ETF (VONE) is 4.51%, while Vanguard Real Estate ETF (VNQ) has a volatility of 5.03%. This indicates that VONE experiences smaller price fluctuations and is considered to be less risky than VNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VONE | VNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 5.03% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 10.15% | -0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.52% | 13.81% | -1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.16% | 18.85% | -1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.29% | 20.75% | -2.46% |
VONE vs. VNQ - Expense Ratio Comparison
VONE has a 0.08% expense ratio, which is lower than VNQ's 0.13% 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. VNQ - Dividend Comparison
VONE's dividend yield for the trailing twelve months is around 1.03%, less than VNQ's 3.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNQ Vanguard Real Estate ETF | 3.61% | 3.92% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% |
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 VNQ have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VNQ has higher volatility (5.03%) compared to VONE (4.51%). In terms of maximum drawdown, VONE dropped -34.66% vs VNQ's -73.07%.
On 10-year performance, VONE leads with 15.46% vs 5.31% for VNQ. 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 5.31%. 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 0.13% for VNQ.
VNQ has the higher dividend yield at 3.61%, compared with 1.03% for VONE.
VONE is categorized as Large Cap Blend Equities, while VNQ is REIT. VONE tracks Russell 1000 Index, while VNQ tracks MSCI US Investable Market Real Estate 25/50 Index. Their fees differ too: 0.08% for VONE and 0.13% for VNQ.
VONE currently has the higher Sharpe Ratio (2.08 vs 0.86), 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.
Find the right allocation for VONE and VNQ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer