VWUSX vs. VONE

Last updated Jun 4, 2026

VWUSX (Vanguard U.S. Growth Fund Investor Shares) and VONE (Vanguard Russell 1000 ETF) are both funds - VWUSX 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, VWUSX returned 19.18%/yr vs 15.25%/yr for VONE. Their correlation of 0.90 suggests significant overlap in exposure. VWUSX charges 0.38%/yr vs 0.08%/yr for VONE.

Performance

VWUSX vs. VONE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard U.S. Growth Fund Investor Shares (VWUSX) and Vanguard Russell 1000 ETF (VONE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VWUSX achieves a 4.77% return, which is significantly lower than VONE's 10.56% return. Over the past 10 years, VWUSX has outperformed VONE with an annualized return of 19.18%, while VONE has yielded a comparatively lower 15.25% annualized return.

VWUSX

• 1D: -0.77%
• 1M: 5.91%
• YTD: 4.77%
• 6M: 3.34%
• 1Y: 17.71%
• 3Y*: 22.28%
• 5Y*: 13.33%
• 10Y*: 19.18%

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%

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

VWUSX vs. VONE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VWUSX Vanguard U.S. Growth Fund Investor Shares	4.77%	15.39%	31.65%	45.17%	-39.64%	35.76%	58.63%	45.61%	0.65%	31.11%
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 VWUSX and VONE is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Sep 23, 2010	0.90

The correlation between VWUSX and VONE has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

VWUSX vs. VONE - Sectors Allocation Comparison

Sectors	VWUSX	VONE
Technology	45.1%	33.9%
Communication Services	16.2%	10.9%
Consumer Cyclical	12.4%	10.3%
Healthcare	10.3%	8.7%
Industrials	5.6%	9.2%
Financial Services	5.5%	11.9%
Real Estate	1.3%	2.2%
Consumer Defensive	1.2%	4.8%
Utilities	0.5%	2.3%
Basic Materials	0.4%	2.0%
Energy	-	3.7%

Return for Risk

VWUSX vs. VONE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VWUSX

VWUSX Risk / Return Rank: 13
VWUSX Sharpe Ratio Rank: 15
VWUSX Sortino Ratio Rank: 14
VWUSX Omega Ratio Rank: 15
VWUSX Calmar Ratio Rank: 9
VWUSX Martin Ratio Rank: 9

VONE

VONE Risk / Return Rank: 67
VONE Sharpe Ratio Rank: 67
VONE Sortino Ratio Rank: 66
VONE Omega Ratio Rank: 66
VONE Calmar Ratio Rank: 61
VONE Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VWUSX vs. VONE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Growth Fund Investor Shares (VWUSX) 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.

	VWUSX	VONE	Difference
Sharpe ratio Return per unit of total volatility	1.11	2.27	-1.16
Sortino ratio Return per unit of downside risk	1.57	3.13	-1.56
Omega ratio Gain probability vs. loss probability	1.20	1.41	-0.21
Calmar ratio Return relative to maximum drawdown	0.96	3.07	-2.11
Martin ratio Return relative to average drawdown	2.85	14.15	-11.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VWUSX vs. VONE - Sharpe Ratio Comparison

The current VWUSX Sharpe Ratio is 1.11, which is lower than the VONE Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of VWUSX and VONE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VWUSX	VONE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.11	2.27	-1.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.77	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.84	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.85	-0.45

Drawdowns

VWUSX vs. VONE - Drawdown Comparison

The maximum VWUSX drawdown since its inception was -73.31%, which is greater than VONE's maximum drawdown of -34.66%. Use the drawdown chart below to compare losses from any high point for VWUSX and VONE.

Drawdown Indicators

	VWUSX	VONE	Difference
Max Drawdown Largest peak-to-trough decline	-73.31%	-34.66%	-38.65%
Max Drawdown (1Y) Largest decline over 1 year	-19.15%	-8.85%	-10.30%
Max Drawdown (3Y) Largest decline over 3 years	-25.01%	-19.06%	-5.95%
Max Drawdown (5Y) Largest decline over 5 years	-42.18%	-25.12%	-17.06%
Max Drawdown (10Y) Largest decline over 10 years	-42.18%	-34.66%	-7.52%
Current Drawdown Current decline from peak	-0.77%	-0.70%	-0.07%
Average Drawdown Average peak-to-trough decline	-22.83%	-3.91%	-18.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.43%	1.92%	+4.51%

Volatility

VWUSX vs. VONE - Volatility Comparison

Vanguard U.S. Growth Fund Investor Shares (VWUSX) has a higher volatility of 3.66% compared to Vanguard Russell 1000 ETF (VONE) at 2.82%. This indicates that VWUSX'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.

Volatility by Period

	VWUSX	VONE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	2.82%	+0.84%
Volatility (6M) Calculated over the trailing 6-month period	12.49%	8.99%	+3.50%
Volatility (1Y) Calculated over the trailing 1-year period	16.60%	11.97%	+4.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.85%	17.08%	+9.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.64%	18.25%	+6.39%

VWUSX vs. VONE - Expense Ratio Comparison

VWUSX has a 0.38% expense ratio, which is higher than VONE's 0.08% expense ratio.

Dividends

VWUSX vs. VONE - Dividend Comparison

VWUSX's dividend yield for the trailing twelve months is around 8.94%, more 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%
VWUSX Vanguard U.S. Growth Fund Investor Shares	8.94%	9.37%	4.60%	0.28%	0.37%	30.03%	3.90%	11.66%	9.65%	4.63%	1.52%	8.95%

Frequently Asked Questions

Can I hold both VWUSX and VONE in my portfolio?

VWUSX and VONE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VWUSX or VONE?

VWUSX has higher volatility (3.66%) compared to VONE (2.82%). In terms of maximum drawdown, VWUSX dropped -73.31% vs VONE's -34.66%.

Which has better risk-adjusted returns?

VONE currently has the higher Sharpe Ratio (2.27 vs 1.11), 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.