VONG vs. QWLD

Last updated Aug 2, 2026

VONG (Vanguard Russell 1000 Growth ETF) and QWLD (SPDR MSCI World StrategicFactors ETF) are both Large Cap Growth Equities funds - VONG tracks the Russell 1000 Growth Index while QWLD tracks the MSCI World Factor Mix A-Series (USD). Both are passively managed. Over the past 10 years, VONG returned 17.43%/yr vs 11.57%/yr for QWLD. Their 0.68 correlation means they have sometimes moved together and sometimes differently. VONG charges 0.06%/yr vs 0.30%/yr for QWLD.

Performance

VONG vs. QWLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Russell 1000 Growth ETF (VONG) and SPDR MSCI World StrategicFactors ETF (QWLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VONG achieves a 0.39% return, which is significantly lower than QWLD's 9.39% return. Over the past 10 years, VONG has outperformed QWLD with an annualized return of 17.43%, while QWLD has yielded a comparatively lower 11.57% annualized return.

VONG

• 1D: 0.84%
• 1M: -2.27%
• 6M: 1.82%
• YTD: 0.39%
• 1Y: 10.18%
• 3Y*: 19.33%
• 5Y*: 11.83%
• 10Y*: 17.43%
• ALL TIME*: 16.45%

QWLD

• 1D: 0.22%
• 1M: 1.63%
• 6M: 6.46%
• YTD: 9.39%
• 1Y: 19.11%
• 3Y*: 15.49%
• 5Y*: 10.03%
• 10Y*: 11.57%
• ALL TIME*: 10.49%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QWLD SPDR MSCI World StrategicFactors ETF	$231.12K	$297.84K	$1.04M
VONG Vanguard Russell 1000 Growth ETF	$121.41M	$148.04M	$174.70M

VONG vs. QWLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VONG Vanguard Russell 1000 Growth ETF	0.39%	18.45%	33.20%	42.67%	-29.18%	27.60%	38.30%	36.06%	-1.53%	30.05%
QWLD SPDR MSCI World StrategicFactors ETF	9.39%	17.93%	14.44%	19.59%	-13.30%	21.57%	10.24%	27.59%	-7.02%	22.44%

Correlation

The correlation between VONG and QWLD is 0.66, 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.	0.66
Correlation (3Y) Balances recent behavior with more history.	0.71
Correlation (5Y) Shows whether the relationship held over a longer period.	0.80
Correlation (10Y) Provides a long-term view across more market conditions.	0.74
Correlation (All Time) Calculated using the full available price history since Jun 5, 2014	0.68

The correlation between VONG and QWLD shifts across timeframes, from 0.66 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.

VONG vs. QWLD - Sectors Allocation Comparison

Sectors	VONG	QWLD
Technology	54.3%	24.9%
Communication Services	16.2%	9.5%
Industrials	9.0%	10.9%
Consumer Cyclical	8.4%	6.3%
Healthcare	5.4%	13.2%
Financial Services	4.2%	16.5%
Consumer Defensive	1.2%	8.1%
Energy	0.5%	3.4%
Real Estate	0.4%	1.0%
Utilities	0.3%	3.8%
Basic Materials	0.3%	2.5%

Return for Risk

VONG vs. QWLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VONG

VONG Risk / Return Rank: 21
VONG Sharpe Ratio Rank: 22
VONG Sortino Ratio Rank: 21
VONG Omega Ratio Rank: 21
VONG Calmar Ratio Rank: 20
VONG Martin Ratio Rank: 22

QWLD

QWLD Risk / Return Rank: 80
QWLD Sharpe Ratio Rank: 83
QWLD Sortino Ratio Rank: 84
QWLD Omega Ratio Rank: 82
QWLD Calmar Ratio Rank: 70
QWLD Martin Ratio Rank: 81

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.

VONG vs. QWLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 Growth ETF (VONG) and SPDR MSCI World StrategicFactors ETF (QWLD). 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.

	VONG	QWLD	Difference
Sharpe ratio: Return per unit of total volatility	0.46	1.93	-1.47
Sortino ratio: Return per unit of downside risk	0.75	2.75	-1.99
Omega ratio: Gain probability vs. loss probability	1.09	1.34	-0.25
Calmar ratio: Return relative to maximum drawdown	0.50	2.44	-1.95
Martin ratio: Return relative to average drawdown	1.48	10.67	-9.19

VONG vs. QWLD - Sharpe Ratio Comparison

The current VONG Sharpe Ratio is 0.46, which is lower than the QWLD Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of VONG and QWLD, 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

VONG vs. QWLD - Drawdown Comparison

The maximum VONG drawdown since its inception was -32.72%, roughly equal to the maximum QWLD drawdown of -31.89%. Use the drawdown chart below to compare losses from any high point for VONG and QWLD.

Drawdown Indicators

	VONG	QWLD	Difference
Max Drawdown Largest peak-to-trough decline	-32.72%	-31.89%	-0.83%
Max Drawdown (1Y) Largest decline over 1 year	-16.23%	-7.66%	-8.57%
Max Drawdown (3Y) Largest decline over 3 years	-23.27%	-12.40%	-10.87%
Max Drawdown (5Y) Largest decline over 5 years	-32.72%	-22.84%	-9.88%
Max Drawdown (10Y) Largest decline over 10 years	-32.72%	-31.89%	-0.83%
Current Drawdown Current decline from peak	-7.89%	0.00%	-7.89%
Average Drawdown Average peak-to-trough decline	-4.89%	-3.66%	-1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.42%	1.75%	+3.67%

Volatility

VONG vs. QWLD - Volatility Comparison

Vanguard Russell 1000 Growth ETF (VONG) has a higher volatility of 6.45% compared to SPDR MSCI World StrategicFactors ETF (QWLD) at 2.30%. This indicates that VONG's price experiences larger fluctuations and is considered to be riskier than QWLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VONG	QWLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.45%	2.30%	+4.15%
Volatility (6M) Calculated over the trailing 6-month period	14.00%	7.73%	+6.27%
Volatility (1Y) Calculated over the trailing 1-year period	17.45%	9.71%	+7.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.64%	13.51%	+8.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.01%	15.12%	+5.89%

VONG vs. QWLD - Expense Ratio Comparison

VONG has a 0.06% expense ratio, which is lower than QWLD's 0.30% expense ratio.

Dividends

VONG vs. QWLD - Dividend Comparison

VONG's dividend yield for the trailing twelve months is around 0.48%, less than QWLD's 1.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QWLD SPDR MSCI World StrategicFactors ETF	1.79%	1.85%	1.74%	1.78%	2.02%	1.77%	1.77%	2.13%	2.33%	2.73%	2.22%	3.42%
VONG Vanguard Russell 1000 Growth ETF	0.48%	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

Can I hold both VONG and QWLD in my portfolio?

VONG and QWLD have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VONG or QWLD?

VONG has higher volatility (6.45%) compared to QWLD (2.30%). In terms of maximum drawdown, VONG dropped -32.72% vs QWLD's -31.89%.

Which ETF is better, VONG or QWLD?

On 10-year performance, VONG leads with 17.43% vs 11.57% for QWLD. On fees, VONG is cheaper at 0.06% per year. On volatility, QWLD has been the lower-risk option at 2.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VONG or QWLD?

Over the 10-year period, VONG has performed better with a 17.43% return vs 11.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VONG or QWLD?

VONG is cheaper with a 0.06% expense ratio, compared with 0.30% for QWLD.

Which ETF pays a higher dividend yield, VONG or QWLD?

QWLD has the higher dividend yield at 1.79%, compared with 0.48% for VONG.

What is the main difference between VONG and QWLD?

VONG tracks Russell 1000 Growth Index, while QWLD tracks MSCI World Factor Mix A-Series (USD). They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.06% for VONG and 0.30% for QWLD.

Which has better risk-adjusted returns?

QWLD currently has the higher Sharpe Ratio (1.93 vs 0.46), 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.