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VONG vs. IYW
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VONG vs. IYW

Last updated Jun 9, 2026

VONG (Vanguard Russell 1000 Growth ETF) and IYW (iShares U.S. Technology ETF) are both exchange-traded funds - VONG is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index, while IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Both are passively managed. Over the past 10 years, VONG returned 18.32%/yr vs 25.53%/yr for IYW. Their correlation of 0.93 suggests significant overlap in exposure. VONG charges 0.06%/yr vs 0.38%/yr for IYW.

Performance

VONG vs. IYW - Performance Comparison

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

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Returns By Period

In the year-to-date period, VONG achieves a 4.12% return, which is significantly lower than IYW's 22.81% return. Over the past 10 years, VONG has underperformed IYW with an annualized return of 18.32%, while IYW has yielded a comparatively higher 25.53% annualized return.

VONG

1D
0.21%
1M
-0.46%
YTD
4.12%
6M
3.06%
1Y
21.24%
3Y*
23.77%
5Y*
14.57%
10Y*
18.32%

IYW

1D
1.61%
1M
2.72%
YTD
22.81%
6M
20.20%
1Y
50.11%
3Y*
33.35%
5Y*
21.56%
10Y*
25.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VONG vs. IYW - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VONG
Vanguard Russell 1000 Growth ETF		4.12%18.45%33.20%42.67%-29.18%27.60%38.30%36.06%-1.53%30.05%
IYW
iShares U.S. Technology ETF		22.81%25.38%30.25%65.44%-34.83%35.44%47.45%46.64%-0.93%36.60%

Correlation

The correlation between VONG and IYW is 0.93, 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

0.93

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

0.96

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

0.97

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

0.96

Correlation (All Time)
Calculated using the full available price history since Sep 23, 2010

0.93

The correlation between VONG and IYW has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

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 Growth ETF

iShares U.S. Technology ETF

Often compared with VONG:
VONG vs. VUGVONG vs. VOOVONG vs. VOOGVONG vs. QQQMVONG vs. IWFVONG vs. MGKVONG vs. VONE
Often compared with IYW:
IYW vs. VGTIYW vs. QQQIYW vs. XLKIYW vs. IGMIYW vs. SMHIYW vs. IWFIYW vs. SOXX

Return for Risk

VONG vs. IYW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VONG
VONG Risk / Return Rank: 3737
Overall Rank
VONG Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
VONG Sortino Ratio Rank: 4040
Sortino Ratio Rank
VONG Omega Ratio Rank: 4141
Omega Ratio Rank
VONG Calmar Ratio Rank: 3030
Calmar Ratio Rank
VONG Martin Ratio Rank: 3232
Martin Ratio Rank
IYW
IYW Risk / Return Rank: 7070
Overall Rank
IYW Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
IYW Sortino Ratio Rank: 7373
Sortino Ratio Rank
IYW Omega Ratio Rank: 7676
Omega Ratio Rank
IYW Calmar Ratio Rank: 6262
Calmar Ratio Rank
IYW Martin Ratio Rank: 5858
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.

VONG vs. IYW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 Growth ETF (VONG) and iShares U.S. Technology ETF (IYW). 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.

VONGIYWDifference
Sharpe ratioReturn per unit of total volatility
1.36
2.40

-1.04

Sortino ratioReturn per unit of downside risk
1.87
2.97

-1.10

Omega ratioGain probability vs. loss probability

1.24

1.40

-0.16

Calmar ratioReturn relative to maximum drawdown

1.31

2.83

-1.51

Martin ratioReturn relative to average drawdown

4.39

9.20

-4.82

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VONG vs. IYW - Sharpe Ratio Comparison

The current VONG Sharpe Ratio is 1.36, which is lower than the IYW Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of VONG and IYW, 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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Sharpe Ratios by Period

VONGIYWDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.36

2.40

-1.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.69

0.83

-0.15

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.88

1.02

-0.14

Sharpe Ratio (All Time)

Calculated using the full available price history

0.89

0.35

+0.54

Drawdowns

VONG vs. IYW - Drawdown Comparison

The maximum VONG drawdown since its inception was -32.72%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for VONG and IYW.

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Drawdown Indicators

VONGIYWDifference

Max Drawdown

Largest peak-to-trough decline

-32.72%

-81.90%

+49.18%

Max Drawdown (1Y)

Largest decline over 1 year

-16.23%

-17.81%

+1.58%

Max Drawdown (3Y)

Largest decline over 3 years

-23.27%

-26.47%

+3.20%

Max Drawdown (5Y)

Largest decline over 5 years

-32.72%

-39.44%

+6.72%

Max Drawdown (10Y)

Largest decline over 10 years

-32.72%

-39.44%

+6.72%

Current Drawdown

Current decline from peak

-4.47%

-5.70%

+1.23%

Average Drawdown

Average peak-to-trough decline

-4.88%

-34.64%

+29.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.85%

5.46%

-0.61%

Volatility

VONG vs. IYW - Volatility Comparison

The current volatility for Vanguard Russell 1000 Growth ETF (VONG) is 4.78%, while iShares U.S. Technology ETF (IYW) has a volatility of 8.86%. This indicates that VONG experiences smaller price fluctuations and is considered to be less risky than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VONGIYWDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.78%

8.86%

-4.08%

Volatility (6M)

Calculated over the trailing 6-month period

12.08%

17.10%

-5.02%

Volatility (1Y)

Calculated over the trailing 1-year period

15.71%

21.05%

-5.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.38%

26.01%

-4.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.90%

25.18%

-4.28%

VONG vs. IYW - Expense Ratio Comparison

VONG has a 0.06% expense ratio, which is lower than IYW's 0.38% expense ratio.

Dividends

VONG vs. IYW - Dividend Comparison

VONG's dividend yield for the trailing twelve months is around 0.44%, more than IYW's 0.11% yield.

PositionTTM20252024202320222021202020192018201720162015
IYW
iShares U.S. Technology ETF		0.11%0.14%0.21%0.34%0.50%0.31%0.56%0.72%0.92%0.82%1.14%1.12%
VONG
Vanguard Russell 1000 Growth ETF		0.44%0.45%0.55%0.71%0.98%0.58%0.77%1.03%1.18%1.19%1.48%1.47%

Frequently Asked Questions

With a correlation of 0.93, VONG and IYW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

IYW has higher volatility (8.86%) compared to VONG (4.78%). In terms of maximum drawdown, VONG dropped -32.72% vs IYW's -81.90%.

On 10-year performance, IYW leads with 25.53% vs 18.32% for VONG. On fees, VONG is cheaper at 0.06% per year. On volatility, VONG has been the lower-risk option at 4.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IYW has performed better with a 25.53% return vs 18.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VONG is cheaper with a 0.06% expense ratio, compared with 0.38% for IYW.

VONG has the higher dividend yield at 0.44%, compared with 0.11% for IYW.

VONG is categorized as Large Cap Growth Equities, while IYW is Technology Equities. VONG tracks Russell 1000 Growth Index, while IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.06% for VONG and 0.38% for IYW.

IYW currently has the higher Sharpe Ratio (2.40 vs 1.36), 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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