VRGWX vs. VONE
VRGWX (Vanguard Russell 1000 Growth Index Fund Institutional Shares) and VONE (Vanguard Russell 1000 ETF) are both funds - VRGWX is a Large Cap Growth Equities fund managed by Vanguard, while VONE is a Large Cap Blend Equities fund tracking the Russell 1000 Index. Over the past 10 years, VRGWX returned 19.22%/yr vs 15.25%/yr for VONE. Their correlation of 0.94 suggests significant overlap in exposure. VRGWX charges 0.07%/yr vs 0.08%/yr for VONE.
Performance
VRGWX vs. VONE - Performance Comparison
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Returns By Period
In the year-to-date period, VRGWX achieves a 8.59% return, which is significantly lower than VONE's 10.56% return. Over the past 10 years, VRGWX has outperformed VONE with an annualized return of 19.22%, while VONE has yielded a comparatively lower 15.25% annualized return.
VRGWX
- 1D
- -0.37%
- 1M
- 7.10%
- YTD
- 8.59%
- 6M
- 7.96%
- 1Y
- 27.42%
- 3Y*
- 25.44%
- 5Y*
- 16.84%
- 10Y*
- 19.22%
VONE
- 1D
- -0.70%
- 1M
- 4.95%
- YTD
- 10.56%
- 6M
- 10.53%
- 1Y
- 27.04%
- 3Y*
- 22.12%
- 5Y*
- 13.08%
- 10Y*
- 15.25%
VRGWX vs. VONE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VRGWX Vanguard Russell 1000 Growth Index Fund Institutional Shares | 8.59% | 18.32% | 33.25% | 42.65% | -29.18% | 32.42% | 38.38% | 36.30% | -1.59% | 30.11% |
VONE Vanguard Russell 1000 ETF | 10.56% | 17.21% | 24.51% | 26.41% | -19.14% | 26.49% | 20.95% | 31.12% | -4.84% | 21.55% |
Correlation
The correlation between VRGWX and VONE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2010 | 0.94 |
The correlation between VRGWX and VONE has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
VRGWX vs. VONE — Risk / Return Rank
VRGWX
VONE
VRGWX vs. VONE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 Growth Index Fund Institutional Shares (VRGWX) and Vanguard Russell 1000 ETF (VONE). 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.
| VRGWX | VONE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.41 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 3.07 | -1.31 |
| Martin ratioReturn relative to average drawdown | 5.89 | 14.15 | -8.26 |
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
| VRGWX | VONE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 2.27 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.77 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | 0.84 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.85 | +0.05 |
Drawdowns
VRGWX vs. VONE - Drawdown Comparison
The maximum VRGWX drawdown since its inception was -32.70%, smaller than the maximum VONE drawdown of -34.66%. Use the drawdown chart below to compare losses from any high point for VRGWX and VONE.
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Drawdown Indicators
| VRGWX | VONE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.70% | -34.66% | +1.96% |
Max Drawdown (1Y)Largest decline over 1 year | -16.19% | -8.85% | -7.34% |
Max Drawdown (3Y)Largest decline over 3 years | -23.44% | -19.06% | -4.38% |
Max Drawdown (5Y)Largest decline over 5 years | -32.70% | -25.12% | -7.58% |
Max Drawdown (10Y)Largest decline over 10 years | -32.70% | -34.66% | +1.96% |
Current DrawdownCurrent decline from peak | -0.37% | -0.70% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -3.91% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.81% | 1.92% | +2.89% |
Volatility
VRGWX vs. VONE - Volatility Comparison
Vanguard Russell 1000 Growth Index Fund Institutional Shares (VRGWX) has a higher volatility of 3.32% compared to Vanguard Russell 1000 ETF (VONE) at 2.82%. This indicates that VRGWX's price experiences larger fluctuations and is considered to be riskier than VONE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VRGWX | VONE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 2.82% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 11.60% | 8.99% | +2.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.40% | 11.97% | +3.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.62% | 17.08% | +4.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.16% | 18.25% | +2.91% |
VRGWX vs. VONE - Expense Ratio Comparison
VRGWX has a 0.07% expense ratio, which is lower than VONE's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VRGWX vs. VONE - Dividend Comparison
VRGWX's dividend yield for the trailing twelve months is around 0.43%, less than VONE's 0.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VONE Vanguard Russell 1000 ETF | 0.99% | 1.07% | 1.20% | 1.40% | 1.59% | 1.16% | 1.45% | 1.65% | 1.96% | 1.69% | 1.89% | 1.89% |
VRGWX Vanguard Russell 1000 Growth Index Fund Institutional Shares | 0.43% | 0.35% | 0.56% | 0.71% | 0.99% | 4.18% | 0.77% | 1.03% | 1.22% | 1.22% | 1.52% | 1.51% |
Frequently Asked Questions
With a correlation of 0.92, VRGWX and VONE 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.
VRGWX has higher volatility (3.32%) compared to VONE (2.82%). In terms of maximum drawdown, VRGWX dropped -32.70% vs VONE's -34.66%.
VONE currently has the higher Sharpe Ratio (2.27 vs 1.85), 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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