VRNIX vs. VONG
Compare and contrast key facts about Vanguard Russell 1000 Index Fund Institutional Shares (VRNIX) and Vanguard Russell 1000 Growth ETF (VONG).
VRNIX is managed by Vanguard. It was launched on Oct 15, 2010. VONG is a passively managed fund by Vanguard that tracks the performance of the Russell 1000 Growth Index. It was launched on Sep 20, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VRNIX or VONG.
Key characteristics
| VRNIX | VONG | |
|---|---|---|
| YTD Return | 26.59% | 32.07% |
| 1Y Return | 35.31% | 39.77% |
| 3Y Return (Ann) | 9.33% | 10.42% |
| 5Y Return (Ann) | 15.50% | 19.76% |
| 10Y Return (Ann) | 13.14% | 16.72% |
| Sharpe Ratio | 3.07 | 2.56 |
| Sortino Ratio | 4.09 | 3.28 |
| Omega Ratio | 1.58 | 1.47 |
| Calmar Ratio | 4.49 | 3.24 |
| Martin Ratio | 20.11 | 12.81 |
| Ulcer Index | 1.90% | 3.32% |
| Daily Std Dev | 12.43% | 16.64% |
| Max Drawdown | -34.57% | -32.72% |
| Current Drawdown | -0.32% | -0.07% |
Correlation
The correlation between VRNIX and VONG 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
VRNIX vs. VONG - Performance Comparison
In the year-to-date period, VRNIX achieves a 26.59% return, which is significantly lower than VONG's 32.07% return. Over the past 10 years, VRNIX has underperformed VONG with an annualized return of 13.14%, while VONG has yielded a comparatively higher 16.72% annualized return. 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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VRNIX vs. VONG - Expense Ratio Comparison
VRNIX has a 0.07% expense ratio, which is lower than VONG'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%.
Risk-Adjusted Performance
VRNIX vs. VONG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 Index Fund Institutional Shares (VRNIX) and Vanguard Russell 1000 Growth ETF (VONG). 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
VRNIX vs. VONG - Dividend Comparison
VRNIX's dividend yield for the trailing twelve months is around 1.21%, more than VONG's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VRNIX Vanguard Russell 1000 Index Fund Institutional Shares | 1.21% | 1.41% | 1.59% | 1.16% | 1.46% | 1.65% | 2.00% | 1.73% | 1.93% | 1.92% | 1.74% | 1.69% |
VONG Vanguard Russell 1000 Growth ETF | 0.59% | 0.71% | 0.98% | 0.58% | 0.77% | 1.03% | 1.18% | 1.19% | 1.48% | 1.47% | 1.43% | 1.28% |
Drawdowns
VRNIX vs. VONG - Drawdown Comparison
The maximum VRNIX drawdown since its inception was -34.57%, which is greater than VONG's maximum drawdown of -32.72%. Use the drawdown chart below to compare losses from any high point for VRNIX and VONG. For additional features, visit the drawdowns tool.
Volatility
VRNIX vs. VONG - Volatility Comparison
The current volatility for Vanguard Russell 1000 Index Fund Institutional Shares (VRNIX) is 3.82%, while Vanguard Russell 1000 Growth ETF (VONG) has a volatility of 5.03%. This indicates that VRNIX experiences smaller price fluctuations and is considered to be less risky than VONG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.