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VONE vs. VOOV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VONE vs. VOOV

Last updated Jun 23, 2026

VONE (Vanguard Russell 1000 ETF) and VOOV (Vanguard S&P 500 Value ETF) are both exchange-traded funds - VONE is a Large Cap Blend Equities fund tracking the Russell 1000 Index, while VOOV is a Large Cap Value Equities fund tracking the S&P 500 Value Index. Both are passively managed. Over the past 10 years, VONE returned 15.46%/yr vs 12.14%/yr for VOOV. Their correlation of 0.87 suggests significant overlap in exposure. VONE charges 0.08%/yr vs 0.07%/yr for VOOV.

Performance

VONE vs. VOOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Russell 1000 ETF (VONE) and Vanguard S&P 500 Value ETF (VOOV). 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 higher than VOOV's 7.89% return. Over the past 10 years, VONE has outperformed VOOV with an annualized return of 15.46%, while VOOV has yielded a comparatively lower 12.14% 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%

VOOV

1D
0.25%
1M
-0.07%
YTD
7.89%
6M
7.27%
1Y
21.39%
3Y*
15.29%
5Y*
11.39%
10Y*
12.14%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VONE vs. VOOV - 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%
VOOV
Vanguard S&P 500 Value ETF		7.89%13.10%12.21%22.15%-5.37%24.87%1.23%31.75%-9.09%15.26%

Correlation

The correlation between VONE and VOOV is 0.78, 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

0.78

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

0.79

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

0.85

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

0.86

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

0.87

The correlation between VONE and VOOV has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.

VONE vs. VOOV - Sectors Allocation Comparison

Sectors
VONE
VOOV

Technology

33.9%
19.0%

Financial Services

11.9%
15.0%

Communication Services

10.9%
3.3%

Consumer Cyclical

10.3%
11.1%

Industrials

9.2%
11.0%

Healthcare

8.7%
11.6%

Consumer Defensive

4.8%
9.5%

Energy

3.7%
7.6%

Utilities

2.3%
4.6%

Real Estate

2.2%
3.4%

Basic Materials

2.0%
3.5%

Technology

VONE
33.9%
VOOV
19.0%

Financial Services

VONE
11.9%
VOOV
15.0%

Communication Services

VONE
10.9%
VOOV
3.3%

Consumer Cyclical

VONE
10.3%
VOOV
11.1%

Industrials

VONE
9.2%
VOOV
11.0%

Healthcare

VONE
8.7%
VOOV
11.6%

Consumer Defensive

VONE
4.8%
VOOV
9.5%

Energy

VONE
3.7%
VOOV
7.6%

Utilities

VONE
2.3%
VOOV
4.6%

Real Estate

VONE
2.2%
VOOV
3.4%

Basic Materials

VONE
2.0%
VOOV
3.5%

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 S&P 500 Value ETF

Often compared with VONE:
VONE vs. VONGVONE vs. VOOVONE vs. IWBVONE vs. VONVVONE vs. SPYVONE vs. VTHRVONE vs. VWUSX
Often compared with VOOV:
VOOV vs. VOOGVOOV vs. VOOVOOV vs. VTVVOOV vs. SCHDVOOV vs. VTIVOOV vs. QQQIVOOV vs. IVE

Return for Risk

VONE vs. VOOV — 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
VOOV
VOOV Risk / Return Rank: 6969
Overall Rank
VOOV Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
VOOV Sortino Ratio Rank: 6868
Sortino Ratio Rank
VOOV Omega Ratio Rank: 6767
Omega Ratio Rank
VOOV Calmar Ratio Rank: 7070
Calmar Ratio Rank
VOOV Martin Ratio Rank: 7272
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. VOOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 ETF (VONE) and Vanguard S&P 500 Value ETF (VOOV). 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.

VONEVOOVDifference
Sharpe ratioReturn per unit of total volatility
2.08
2.16

-0.08

Sortino ratioReturn per unit of downside risk
2.84
2.98

-0.14

Omega ratioGain probability vs. loss probability

1.37

1.38

-0.01

Calmar ratioReturn relative to maximum drawdown

2.94

3.43

-0.49

Martin ratioReturn relative to average drawdown

13.14

13.00

+0.14

VONE vs. VOOV - Sharpe Ratio Comparison

The current VONE Sharpe Ratio is 2.08, which is comparable to the VOOV Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of VONE and VOOV, 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. VOOV - Drawdown Comparison

The maximum VONE drawdown since its inception was -34.66%, smaller than the maximum VOOV drawdown of -37.31%. Use the drawdown chart below to compare losses from any high point for VONE and VOOV.

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Drawdown Indicators

VONEVOOVDifference

Max Drawdown

Largest peak-to-trough decline

-34.66%

-37.31%

+2.65%

Max Drawdown (1Y)

Largest decline over 1 year

-8.85%

-6.27%

-2.58%

Max Drawdown (3Y)

Largest decline over 3 years

-19.06%

-17.55%

-1.51%

Max Drawdown (5Y)

Largest decline over 5 years

-25.12%

-18.10%

-7.02%

Max Drawdown (10Y)

Largest decline over 10 years

-34.66%

-37.31%

+2.65%

Current Drawdown

Current decline from peak

-1.67%

-0.92%

-0.75%

Average Drawdown

Average peak-to-trough decline

-3.90%

-3.83%

-0.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.98%

1.65%

+0.33%

Volatility

VONE vs. VOOV - Volatility Comparison

Vanguard Russell 1000 ETF (VONE) has a higher volatility of 4.51% compared to Vanguard S&P 500 Value ETF (VOOV) at 2.94%. This indicates that VONE's price experiences larger fluctuations and is considered to be riskier than VOOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VONEVOOVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.51%

2.94%

+1.57%

Volatility (6M)

Calculated over the trailing 6-month period

9.76%

7.36%

+2.40%

Volatility (1Y)

Calculated over the trailing 1-year period

12.52%

9.98%

+2.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.16%

14.44%

+2.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.29%

16.96%

+1.33%

VONE vs. VOOV - Expense Ratio Comparison

VONE has a 0.08% expense ratio, which is higher than VOOV's 0.07% 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. VOOV - Dividend Comparison

VONE's dividend yield for the trailing twelve months is around 1.03%, less than VOOV's 1.67% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
VOOV
Vanguard S&P 500 Value ETF		1.67%1.76%2.10%1.69%2.19%1.87%2.45%2.10%2.65%2.13%2.24%2.36%

Frequently Asked Questions

VONE and VOOV have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VONE has higher volatility (4.51%) compared to VOOV (2.94%). In terms of maximum drawdown, VONE dropped -34.66% vs VOOV's -37.31%.

On 10-year performance, VONE leads with 15.46% vs 12.14% for VOOV. On fees, VOOV is cheaper at 0.07% per year. On volatility, VOOV has been the lower-risk option at 2.94%. 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 12.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VOOV is cheaper with a 0.07% expense ratio, compared with 0.08% for VONE.

VOOV has the higher dividend yield at 1.67%, compared with 1.03% for VONE.

VONE is categorized as Large Cap Blend Equities, while VOOV is Large Cap Value Equities. VONE tracks Russell 1000 Index, while VOOV tracks S&P 500 Value Index. Their fees differ too: 0.08% for VONE and 0.07% for VOOV.

VOOV currently has the higher Sharpe Ratio (2.16 vs 2.08), 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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