VONE vs. VTEI
Compare and contrast key facts about Vanguard Russell 1000 ETF (VONE) and Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI).
VONE and VTEI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VONE is a passively managed fund by Vanguard that tracks the performance of the Russell 1000 Index. It was launched on Sep 20, 2010. VTEI is a passively managed fund by Vanguard that tracks the performance of the S&P Intermediate Term National AMT-Free Municipal Bond Index. It was launched on Jan 29, 2024. Both VONE and VTEI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
VONE vs. VTEI - Performance Comparison
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VONE vs. VTEI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VONE Vanguard Russell 1000 ETF | -3.54% | 17.21% | 20.83% |
VTEI Vanguard Intermediate-Term Tax-Exempt Bond ETF | -0.10% | 4.59% | 1.55% |
Returns By Period
In the year-to-date period, VONE achieves a -3.54% return, which is significantly lower than VTEI's -0.10% return.
VONE
- 1D
- 0.71%
- 1M
- -4.36%
- YTD
- -3.54%
- 6M
- -1.55%
- 1Y
- 17.92%
- 3Y*
- 18.36%
- 5Y*
- 11.15%
- 10Y*
- 13.89%
VTEI
- 1D
- 0.28%
- 1M
- -1.86%
- YTD
- -0.10%
- 6M
- 1.30%
- 1Y
- 4.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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VONE vs. VTEI - Expense Ratio Comparison
Both VONE and VTEI have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
VONE vs. VTEI — Risk / Return Rank
VONE
VTEI
VONE vs. VTEI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 ETF (VONE) and Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI). 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 | VTEI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 1.24 | -0.25 |
Sortino ratioReturn per unit of downside risk | 1.50 | 1.56 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.31 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.37 | +0.15 |
Martin ratioReturn relative to average drawdown | 7.16 | 4.52 | +2.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VONE | VTEI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 1.24 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.90 | -0.10 |
Correlation
The correlation between VONE and VTEI is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
VONE vs. VTEI - Dividend Comparison
VONE's dividend yield for the trailing twelve months is around 1.14%, less than VTEI's 3.05% 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% |
VTEI Vanguard Intermediate-Term Tax-Exempt Bond ETF | 3.05% | 3.00% | 2.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VONE vs. VTEI - Drawdown Comparison
The maximum VONE drawdown since its inception was -34.66%, which is greater than VTEI's maximum drawdown of -3.64%. Use the drawdown chart below to compare losses from any high point for VONE and VTEI.
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Drawdown Indicators
| VONE | VTEI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.66% | -3.64% | -31.02% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -3.33% | -8.78% |
Max Drawdown (5Y)Largest decline over 5 years | -25.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.66% | — | — |
Current DrawdownCurrent decline from peak | -5.50% | -2.05% | -3.45% |
Average DrawdownAverage peak-to-trough decline | -3.94% | -0.73% | -3.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 1.01% | +1.56% |
Volatility
VONE vs. VTEI - Volatility Comparison
Vanguard Russell 1000 ETF (VONE) has a higher volatility of 5.39% compared to Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) at 1.14%. This indicates that VONE's price experiences larger fluctuations and is considered to be riskier than VTEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VONE | VTEI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.39% | 1.14% | +4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.61% | 1.55% | +8.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.21% | 3.43% | +14.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.09% | 3.09% | +14.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 3.09% | +15.14% |