VONV vs. VOE
Compare and contrast key facts about Vanguard Russell 1000 Value ETF (VONV) and Vanguard Mid-Cap Value ETF (VOE).
VONV and VOE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VONV is a passively managed fund by Vanguard that tracks the performance of the Russell 1000 Value Index. It was launched on Sep 20, 2010. VOE is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Value Index. It was launched on Aug 17, 2006. Both VONV and VOE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VONV or VOE.
Key characteristics
| VONV | VOE | |
|---|---|---|
| YTD Return | 3.99% | 3.06% |
| 1Y Return | 14.96% | 14.81% |
| 3Y Return (Ann) | 5.00% | 4.10% |
| 5Y Return (Ann) | 8.53% | 8.36% |
| 10Y Return (Ann) | 8.34% | 8.38% |
| Sharpe Ratio | 1.17 | 1.01 |
| Daily Std Dev | 11.21% | 12.94% |
| Max Drawdown | -38.21% | -61.55% |
| Current Drawdown | -4.49% | -4.60% |
Correlation
The correlation between VONV and VOE is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VONV vs. VOE - Performance Comparison
In the year-to-date period, VONV achieves a 3.99% return, which is significantly higher than VOE's 3.06% return. Both investments have delivered pretty close results over the past 10 years, with VONV having a 8.34% annualized return and VOE not far ahead at 8.38%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VONV vs. VOE - Expense Ratio Comparison
VONV has a 0.08% expense ratio, which is higher than VOE'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%.
Risk-Adjusted Performance
VONV vs. VOE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 Value ETF (VONV) and Vanguard Mid-Cap Value ETF (VOE). 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.
Dividends
VONV vs. VOE - Dividend Comparison
VONV's dividend yield for the trailing twelve months is around 2.04%, less than VOE's 2.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VONV Vanguard Russell 1000 Value ETF | 2.04% | 2.10% | 2.22% | 1.67% | 2.25% | 2.30% | 2.56% | 2.18% | 2.39% | 2.38% | 2.10% | 1.92% |
VOE Vanguard Mid-Cap Value ETF | 2.24% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% | 1.67% | 1.53% |
Drawdowns
VONV vs. VOE - Drawdown Comparison
The maximum VONV drawdown since its inception was -38.21%, smaller than the maximum VOE drawdown of -61.55%. Use the drawdown chart below to compare losses from any high point for VONV and VOE. For additional features, visit the drawdowns tool.
Volatility
VONV vs. VOE - Volatility Comparison
The current volatility for Vanguard Russell 1000 Value ETF (VONV) is 3.29%, while Vanguard Mid-Cap Value ETF (VOE) has a volatility of 3.47%. This indicates that VONV experiences smaller price fluctuations and is considered to be less risky than VOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.