VONE vs. VWUSX

Last updated Jun 24, 2026

VONE (Vanguard Russell 1000 ETF) and VWUSX (Vanguard U.S. Growth Fund Investor Shares) are both funds - VONE is a Large Cap Blend Equities fund tracking the Russell 1000 Index, while VWUSX is a Large Cap Growth Equities fund actively managed by Vanguard. VONE is passively managed, while VWUSX is actively managed. Over the past 10 years, VONE returned 15.31%/yr vs 19.17%/yr for VWUSX. Their correlation of 0.90 suggests significant overlap in exposure. VONE charges 0.08%/yr vs 0.35%/yr for VWUSX.

Performance

VONE vs. VWUSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Russell 1000 ETF (VONE) and Vanguard U.S. Growth Fund Investor Shares (VWUSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VONE achieves a 8.02% return, which is significantly higher than VWUSX's -0.33% return. Over the past 10 years, VONE has underperformed VWUSX with an annualized return of 15.31%, while VWUSX has yielded a comparatively higher 19.17% annualized return.

VONE

• 1D: -1.33%
• 1M: -1.03%
• YTD: 8.02%
• 6M: 7.05%
• 1Y: 23.07%
• 3Y*: 20.55%
• 5Y*: 12.28%
• 10Y*: 15.31%

VWUSX

• 1D: -1.74%
• 1M: -1.88%
• YTD: -0.33%
• 6M: -1.64%
• 1Y: 10.56%
• 3Y*: 19.62%
• 5Y*: 10.43%
• 10Y*: 19.17%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VONE vs. VWUSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VONE Vanguard Russell 1000 ETF	8.02%	17.21%	24.51%	26.41%	-19.14%	26.49%	20.95%	31.12%	-4.84%	21.55%
VWUSX Vanguard U.S. Growth Fund Investor Shares	-0.33%	15.39%	31.65%	45.17%	-39.64%	35.76%	58.63%	45.61%	0.65%	31.11%

Correlation

The correlation between VONE and VWUSX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010	0.90

The correlation between VONE and VWUSX has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

VONE vs. VWUSX - Sectors Allocation Comparison

Sectors	VONE	VWUSX
Technology	33.9%	45.1%
Financial Services	11.9%	5.5%
Communication Services	10.9%	16.2%
Consumer Cyclical	10.3%	12.4%
Industrials	9.2%	5.6%
Healthcare	8.7%	10.3%
Consumer Defensive	4.8%	1.2%
Energy	3.7%	-
Utilities	2.3%	0.5%
Real Estate	2.2%	1.3%
Basic Materials	2.0%	0.4%

Return for Risk

VONE vs. VWUSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VONE

VONE Risk / Return Rank: 58
VONE Sharpe Ratio Rank: 57
VONE Sortino Ratio Rank: 55
VONE Omega Ratio Rank: 55
VONE Calmar Ratio Rank: 55
VONE Martin Ratio Rank: 66

VWUSX

VWUSX Risk / Return Rank: 8
VWUSX Sharpe Ratio Rank: 9
VWUSX Sortino Ratio Rank: 8
VWUSX Omega Ratio Rank: 9
VWUSX Calmar Ratio Rank: 7
VWUSX Martin Ratio Rank: 7

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. VWUSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 ETF (VONE) and Vanguard U.S. Growth Fund Investor Shares (VWUSX). 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	VWUSX	Difference
Sharpe ratio: Return per unit of total volatility	1.85	0.68	+1.17
Sortino ratio: Return per unit of downside risk	2.54	1.02	+1.52
Omega ratio: Gain probability vs. loss probability	1.33	1.13	+0.20
Calmar ratio: Return relative to maximum drawdown	2.62	0.62	+2.00
Martin ratio: Return relative to average drawdown	11.65	1.83	+9.83

VONE vs. VWUSX - Sharpe Ratio Comparison

The current VONE Sharpe Ratio is 1.85, which is higher than the VWUSX Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of VONE and VWUSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VONE vs. VWUSX - Drawdown Comparison

The maximum VONE drawdown since its inception was -34.66%, smaller than the maximum VWUSX drawdown of -73.31%. Use the drawdown chart below to compare losses from any high point for VONE and VWUSX.

Drawdown Indicators

	VONE	VWUSX	Difference
Max Drawdown Largest peak-to-trough decline	-34.66%	-73.31%	+38.65%
Max Drawdown (1Y) Largest decline over 1 year	-8.85%	-19.15%	+10.30%
Max Drawdown (3Y) Largest decline over 3 years	-19.06%	-25.01%	+5.95%
Max Drawdown (5Y) Largest decline over 5 years	-25.12%	-42.18%	+17.06%
Max Drawdown (10Y) Largest decline over 10 years	-34.66%	-42.18%	+7.52%
Current Drawdown Current decline from peak	-2.98%	-5.60%	+2.62%
Average Drawdown Average peak-to-trough decline	-3.90%	-22.80%	+18.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	6.53%	-4.54%

Volatility

VONE vs. VWUSX - Volatility Comparison

The current volatility for Vanguard Russell 1000 ETF (VONE) is 4.71%, while Vanguard U.S. Growth Fund Investor Shares (VWUSX) has a volatility of 6.71%. This indicates that VONE experiences smaller price fluctuations and is considered to be less risky than VWUSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VONE	VWUSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.71%	6.71%	-2.00%
Volatility (6M) Calculated over the trailing 6-month period	9.84%	13.68%	-3.84%
Volatility (1Y) Calculated over the trailing 1-year period	12.58%	17.56%	-4.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.17%	26.96%	-9.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.26%	24.71%	-6.45%

VONE vs. VWUSX - Expense Ratio Comparison

VONE has a 0.08% expense ratio, which is lower than VWUSX's 0.35% expense ratio.

Dividends

VONE vs. VWUSX - Dividend Comparison

VONE's dividend yield for the trailing twelve months is around 1.04%, less than VWUSX's 9.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VONE Vanguard Russell 1000 ETF	1.04%	1.07%	1.20%	1.40%	1.59%	1.16%	1.45%	1.65%	1.96%	1.69%	1.89%	1.89%
VWUSX Vanguard U.S. Growth Fund Investor Shares	9.40%	9.37%	4.60%	0.28%	0.37%	30.03%	3.90%	11.66%	9.65%	4.63%	1.52%	8.95%

Frequently Asked Questions

Can I hold both VONE and VWUSX in my portfolio?

VONE and VWUSX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VONE or VWUSX?

VWUSX has higher volatility (6.71%) compared to VONE (4.71%). In terms of maximum drawdown, VONE dropped -34.66% vs VWUSX's -73.31%.

Which has better risk-adjusted returns?

VONE currently has the higher Sharpe Ratio (1.85 vs 0.68), 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.