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VONE vs. VONV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VONE vs. VONV

Last updated Aug 2, 2026
Documentation

VONE (Vanguard Russell 1000 ETF) and VONV (Vanguard Russell 1000 Value ETF) are both exchange-traded funds - VONE is a Large Cap Blend Equities fund tracking the Russell 1000 Index, while VONV is a Large Cap Value Equities fund tracking the Russell 1000 Value Index. Both are passively managed. Over the past 10 years, VONE returned 14.84%/yr vs 11.68%/yr for VONV. Their correlation of 0.88 means they have usually moved in the same direction. VONE charges 0.08%/yr vs 0.06%/yr for VONV.

Performance

VONE vs. VONV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Russell 1000 ETF (VONE) and Vanguard Russell 1000 Value ETF (VONV). 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 9.88% return, which is significantly lower than VONV's 20.63% return. Over the past 10 years, VONE has outperformed VONV with an annualized return of 14.84%, while VONV has yielded a comparatively lower 11.68% annualized return.

VONE

1D
0.63%
1M
0.00%
6M
8.37%
YTD
9.88%
1Y
20.88%
3Y*
19.04%
5Y*
12.06%
10Y*
14.84%
ALL TIME*
14.40%

VONV

1D
0.38%
1M
2.02%
6M
15.40%
YTD
20.63%
1Y
32.99%
3Y*
17.97%
5Y*
11.77%
10Y*
11.68%
ALL TIME*
12.10%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

VONE

Vanguard Russell 1000 ETF
$26.18M$27.84M$30.74M

VONV

Vanguard Russell 1000 Value ETF
$67.85M$88.58M$94.83M

VONE vs. VONV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VONE
Vanguard Russell 1000 ETF		9.88%17.21%24.51%26.41%-19.14%26.49%20.95%31.12%-4.84%21.55%
VONV
Vanguard Russell 1000 Value ETF		20.63%15.81%14.28%11.40%-7.65%25.28%2.71%26.48%-8.45%13.59%

Correlation

The correlation between VONE and VONV is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.75

Correlation (3Y)
Balances recent behavior with more history.

0.78

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.84

Correlation (10Y)
Provides a long-term view across more market conditions.

0.86

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

0.88

The correlation between VONE and VONV shifts across timeframes, from 0.75 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

VONE vs. VONV - Sectors Allocation Comparison

Sectors
VONE
VONV

Technology

36.6%
19.9%

Financial Services

11.6%
18.6%

Industrials

9.8%
10.5%

Consumer Cyclical

9.6%
10.9%

Communication Services

9.6%
3.3%

Healthcare

9.1%
12.7%

Consumer Defensive

4.4%
7.5%

Energy

3.1%
5.5%

Utilities

2.2%
3.9%

Real Estate

2.1%
3.8%

Basic Materials

1.9%
3.4%

Technology

VONE
36.6%
VONV
19.9%

Financial Services

VONE
11.6%
VONV
18.6%

Industrials

VONE
9.8%
VONV
10.5%

Consumer Cyclical

VONE
9.6%
VONV
10.9%

Communication Services

VONE
9.6%
VONV
3.3%

Healthcare

VONE
9.1%
VONV
12.7%

Consumer Defensive

VONE
4.4%
VONV
7.5%

Energy

VONE
3.1%
VONV
5.5%

Utilities

VONE
2.2%
VONV
3.9%

Real Estate

VONE
2.1%
VONV
3.8%

Basic Materials

VONE
1.9%
VONV
3.4%

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 Russell 1000 Value ETF

Often compared with VONE:
VONE vs. VONGVONE vs. VOOVONE vs. IWBVONE vs. SPYVONE vs. VTHRVONE vs. VWUSXVONE vs. IWD
Often compared with VONV:
VONV vs. VONGVONV vs. VOOVONV vs. IWDVONV vs. RPVVONV vs. VOEVONV vs. VTIVONV vs. IWB

Return for Risk

VONE vs. VONV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
VONE
VONE Risk / Return Rank: 6464
Overall Rank
VONE Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
VONE Sortino Ratio Rank: 6262
Sortino Ratio Rank
VONE Omega Ratio Rank: 6161
Omega Ratio Rank
VONE Calmar Ratio Rank: 6262
Calmar Ratio Rank
VONE Martin Ratio Rank: 7474
Martin Ratio Rank
VONV
VONV Risk / Return Rank: 9494
Overall Rank
VONV Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
VONV Sortino Ratio Rank: 9494
Sortino Ratio Rank
VONV Omega Ratio Rank: 9494
Omega Ratio Rank
VONV Calmar Ratio Rank: 9393
Calmar Ratio Rank
VONV Martin Ratio Rank: 9595
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VONE vs. VONV - Risk-Adjusted Trends Comparison

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

VONEVONVDifference
Sharpe ratioReturn per unit of total volatility
1.47
2.75

-1.28

Sortino ratioReturn per unit of downside risk
2.06
3.83

-1.76

Omega ratioGain probability vs. loss probability

1.26

1.49

-0.23

Calmar ratioReturn relative to maximum drawdown

2.14

4.58

-2.44

Martin ratioReturn relative to average drawdown

9.17

19.65

-10.48

VONE vs. VONV - Sharpe Ratio Comparison

The current VONE Sharpe Ratio is 1.47, which is lower than the VONV Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of VONE and VONV, 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. VONV - Drawdown Comparison

The maximum VONE drawdown since its inception was -34.66%, smaller than the maximum VONV drawdown of -38.21%. Use the drawdown chart below to compare losses from any high point for VONE and VONV.

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Drawdown Indicators

VONEVONVDifference

Max Drawdown

Largest peak-to-trough decline

-34.66%

-38.21%

+3.55%

Max Drawdown (1Y)

Largest decline over 1 year

-8.85%

-6.81%

-2.04%

Max Drawdown (3Y)

Largest decline over 3 years

-19.06%

-15.70%

-3.36%

Max Drawdown (5Y)

Largest decline over 5 years

-25.12%

-18.87%

-6.25%

Max Drawdown (10Y)

Largest decline over 10 years

-34.66%

-38.21%

+3.55%

Current Drawdown

Current decline from peak

-1.31%

-0.07%

-1.24%

Average Drawdown

Average peak-to-trough decline

-3.88%

-3.87%

-0.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.06%

1.59%

+0.47%

Volatility

VONE vs. VONV - Volatility Comparison

Vanguard Russell 1000 ETF (VONE) has a higher volatility of 3.39% compared to Vanguard Russell 1000 Value ETF (VONV) at 2.84%. This indicates that VONE's price experiences larger fluctuations and is considered to be riskier than VONV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VONEVONVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.39%

2.84%

+0.55%

Volatility (6M)

Calculated over the trailing 6-month period

10.04%

8.67%

+1.37%

Volatility (1Y)

Calculated over the trailing 1-year period

12.90%

11.40%

+1.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.18%

14.77%

+2.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.25%

17.20%

+1.05%

VONE vs. VONV - Expense Ratio Comparison

VONE has a 0.08% expense ratio, which is higher than VONV's 0.06% expense ratio. However, 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. VONV - Dividend Comparison

VONE's dividend yield for the trailing twelve months is around 1.02%, less than VONV's 1.56% yield.

PositionTTM20252024202320222021202020192018201720162015
VONE
Vanguard Russell 1000 ETF		1.02%1.07%1.20%1.40%1.59%1.16%1.45%1.65%1.96%1.69%1.89%1.89%
VONV
Vanguard Russell 1000 Value ETF		1.56%1.82%1.97%2.10%2.22%1.67%2.25%2.30%2.56%2.18%2.39%2.38%

Frequently Asked Questions

VONE and VONV have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VONE has higher volatility (3.39%) compared to VONV (2.84%). In terms of maximum drawdown, VONE dropped -34.66% vs VONV's -38.21%.

On 10-year performance, VONE leads with 14.84% vs 11.68% for VONV. On fees, VONV is cheaper at 0.06% per year. On volatility, VONV has been the lower-risk option at 2.84%. 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 14.84% return vs 11.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VONV is cheaper with a 0.06% expense ratio, compared with 0.08% for VONE.

VONV has the higher dividend yield at 1.56%, compared with 1.02% for VONE.

VONE is categorized as Large Cap Blend Equities, while VONV is Large Cap Value Equities. VONE tracks Russell 1000 Index, while VONV tracks Russell 1000 Value Index. Their fees differ too: 0.08% for VONE and 0.06% for VONV.

VONV currently has the higher Sharpe Ratio (2.75 vs 1.47), 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.

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