VRNIX vs. VONE
VRNIX (Vanguard Russell 1000 Index Fund Institutional Shares) and VONE (Vanguard Russell 1000 ETF) are both Large Cap Blend Equities funds from Vanguard. Over the past 10 years, VRNIX returned 14.87%/yr vs 14.84%/yr for VONE. Their 0.98 correlation means they have historically moved very closely together. VRNIX charges 0.07%/yr vs 0.08%/yr for VONE.
Performance
VRNIX vs. VONE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VRNIX achieves a 9.23% return, which is significantly lower than VONE's 9.88% return. Both investments have delivered pretty close results over the past 10 years, with VRNIX having a 14.87% annualized return and VONE not far behind at 14.84%.
VRNIX
- 1D
- 1.62%
- 1M
- -0.75%
- 6M
- 7.76%
- YTD
- 9.23%
- 1Y
- 20.11%
- 3Y*
- 18.56%
- 5Y*
- 12.25%
- 10Y*
- 14.87%
- ALL TIME*
- 14.53%
VONE
- 1D
- 0.63%
- 1M
- 0.00%
- 6M
- 8.37%
- YTD
- 9.88%
- 1Y
- 20.88%
- 3Y*
- 19.04%
- 5Y*
- 12.06%
- 10Y*
- 14.84%
- ALL TIME*
- 14.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $26.18M | $27.84M | $30.74M | |
| $0.00 | $0.00 | $0.00 |
VRNIX vs. VONE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VRNIX Vanguard Russell 1000 Index Fund Institutional Shares | 9.23% | 16.94% | 24.44% | 26.49% | -19.19% | 28.64% | 20.90% | 31.36% | -4.84% | 21.58% |
VONE Vanguard Russell 1000 ETF | 9.88% | 17.21% | 24.51% | 26.41% | -19.14% | 26.49% | 20.95% | 31.12% | -4.84% | 21.55% |
Correlation
The correlation between VRNIX and VONE is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 1.00 |
Correlation (10Y) Provides a long-term view across more market conditions. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010 | 0.98 |
The correlation between VRNIX and VONE has been stable across timeframes, ranging from 0.98 to 1.00 - 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.
Return for Risk
VRNIX vs. VONE — Risk / Return Rank
VRNIX
VONE
VRNIX vs. VONE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 Index Fund Institutional Shares (VRNIX) 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.
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.
| VRNIX | VONE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.26 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.14 | -0.13 |
| Martin ratioReturn relative to average drawdown | 8.66 | 9.17 | -0.51 |
Loading charts...
Drawdowns
VRNIX vs. VONE - Drawdown Comparison
The maximum VRNIX drawdown since its inception was -34.57%, roughly equal to the maximum VONE drawdown of -34.66%. Use the drawdown chart below to compare losses from any high point for VRNIX and VONE.
Loading charts...
Drawdown Indicators
| VRNIX | VONE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.57% | -34.66% | +0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -8.85% | -8.85% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -19.40% | -19.06% | -0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -25.14% | -25.12% | -0.02% |
Max Drawdown (10Y)Largest decline over 10 years | -34.57% | -34.66% | +0.09% |
Current DrawdownCurrent decline from peak | -1.92% | -1.31% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -3.88% | -3.88% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 2.06% | 0.00% |
Volatility
VRNIX vs. VONE - Volatility Comparison
Vanguard Russell 1000 Index Fund Institutional Shares (VRNIX) and Vanguard Russell 1000 ETF (VONE) have volatilities of 3.41% and 3.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VRNIX | VONE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 3.39% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 10.12% | 10.04% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.92% | 12.90% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.36% | 17.18% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.27% | 18.25% | +0.02% |
VRNIX vs. VONE - Expense Ratio Comparison
VRNIX 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
VRNIX vs. VONE - Dividend Comparison
VRNIX's dividend yield for the trailing twelve months is around 1.04%, more than VONE's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VONE Vanguard Russell 1000 ETF | 1.02% | 1.07% | 1.20% | 1.40% | 1.59% | 1.16% | 1.45% | 1.65% | 1.96% | 1.69% | 1.89% | 1.89% |
VRNIX Vanguard Russell 1000 Index Fund Institutional Shares | 1.04% | 0.82% | 1.21% | 1.41% | 1.59% | 2.86% | 1.46% | 1.65% | 2.00% | 1.73% | 1.93% | 1.92% |
Frequently Asked Questions
With a correlation of 0.99, VRNIX 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.
VRNIX has higher volatility (3.41%) compared to VONE (3.39%). In terms of maximum drawdown, VRNIX dropped -34.57% vs VONE's -34.66%.
VONE currently has the higher Sharpe Ratio (1.47 vs 1.38), 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.
Find the right allocation for VRNIX and VONE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer