CVLC vs VONE
Calvert US Large-Cap Core Responsible Index ETF vs Vanguard Russell 1000 ETF
Which is better, CVLC or VONE?
Nearly the same fund. VONE costs less.
VONE has a lower expense ratio. CVLC led over 1Y, VONE over 3Y and the full window. The two have moved almost in lockstep, correlation 0.99. VONE is less concentrated, with 34.9% of the fund in its ten largest positions against 38.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CVLC | VONE |
|---|---|---|
| Expense Ratio | 0.15% | 0.06%Best |
| AUM | $1.0B | $8.9B |
| Dividend Yield | 0.93% | 1.02% |
| Holdings | 1,511 | 1,027 |
| YTD Return | +12.83% | +13.02%Best |
| 1Y Return | +17.38%Best | +16.73% |
| 3Y Return (annualized) | +22.00% | +22.11%Best |
| 5Y Return (annualized) | - | +12.44% |
| Volatility (annualized) | 13.2% | 12.4%Best |
| Max Drawdown | -19.9% | -19.1%Best |
| $10,000 over 3.7 years | $19,146 | $19,391Best |
| Top 10 Weight | 38.2% | 34.9%Best |
| Fund Family | Calvert | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 30, 2023 | Sep 20, 2010 |
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Feb 1, 2023 to Oct 14, 2026 (3.7 years).
CVLC vs VONE growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.7 years both funds cover.
CVLC vs VONE Performance
Calvert US Large-Cap Core Responsible Index ETF (CVLC) is an ETF from Calvert and Vanguard Russell 1000 ETF (VONE) is an ETF from Vanguard (US). Over the past year CVLC returned +17.38% while VONE returned +16.73%. Year to date, CVLC is up 12.83% versus a gain of 13.02% for VONE.
Over three years, CVLC compounded at +22.00% per year against +22.11% for VONE. Across the full 4-year window we track, VONE has the edge at +19.60% annualized vs +19.19%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CVLC has been the more volatile fund, with annualized monthly volatility of 13.2% compared with 12.4% for VONE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -19.9% for CVLC and -19.1% for VONE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CVLC charges 0.15% per year while VONE charges 0.06%. On a $10,000 position that is $15 vs $6 annually, a gap of $9 per year that compounds over a long holding period. On income, CVLC currently yields 0.93% against 1.02% for VONE.
Holdings Overlap
97.4% of CVLC's money is in holdings VONE also owns. 79.1% of VONE's money is in holdings CVLC also owns.
Most of CVLC is already inside VONE. Owning both mostly buys the same companies twice.
672 positions in common, counted across the 759 positions we hold weights for in CVLC and 1,014 in VONE, against full books of 1,511 and 1,027.
What only one of them owns
Our book lists 262 positions for VONE that do not appear in our book for CVLC (20.3% of the fund), and 77 for CVLC that do not appear in VONE (2.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CVLC | Weight in VONE | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.80% | 7.26% | 0.54% |
| AAPLApple, Inc | 7.03% | 6.46% | 0.57% |
| MSFTMicrosoft Corp | 5.49% | 5.31% | 0.18% |
| GOOGLAlphabet Inc | 5.35% | 2.79% | 2.56% |
| AMZNAmazon.Com Inc | 3.63% | 3.55% | 0.08% |
| AVGOBroadcom Inc | 2.48% | 2.43% | 0.05% |
| MUMicron Technology, Inc. | 1.88% | 1.52% | 0.36% |
| LLYEli Lilly & Co. | 1.52% | 1.30% | 0.22% |
| AMDAdvanced Micro Devices Inc | 1.66% | 1.08% | 0.58% |
| JPMJpmorgan Chase | 1.38% | 1.34% | 0.04% |
97.4% of CVLC is already inside VONE.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CVLC or VONE?
CVLC has an expense ratio of 0.15% while VONE charges 0.06%. VONE is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, CVLC or VONE?
Over the past year CVLC returned +17.38% vs +16.73% for VONE, so CVLC leads on 1-year performance. Over the longest common window we track (4 years), CVLC annualized +19.19% vs +19.60% for VONE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVLC or VONE?
CVLC has been the more volatile fund at 13.2% annualized versus 12.4% for VONE. Worst drawdown: CVLC -19.9% vs VONE -19.1%.
Should I hold both CVLC and VONE?
CVLC and VONE have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between CVLC and VONE?
97.4% of CVLC's money is in holdings VONE also owns. 79.1% of VONE's is in holdings CVLC also owns. They hold 672 positions in common, counted across the 759 positions we hold weights for in CVLC and 1,014 in VONE.
Which pays a higher dividend, CVLC or VONE?
CVLC yields 0.93% while VONE yields 1.02%, so VONE currently pays the higher dividend yield.
Is VONE better than CVLC?
VONE has a lower expense ratio. CVLC led over 1Y, VONE over 3Y and the full window. The two have moved almost in lockstep, correlation 0.99. VONE is less concentrated, with 34.9% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.