IWB vs VONE
iShares Russell 1000 ETF vs Vanguard Russell 1000 ETF
Which is better, IWB or VONE?
Nearly the same fund. VONE costs less.
VONE has a lower expense ratio. VONE led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. VONE is less concentrated, with 34.9% of the fund in its ten largest positions against 36.0%.
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 | IWB | VONE |
|---|---|---|
| Expense Ratio | 0.15% | 0.06%Best |
| AUM | $49.5B | $8.9B |
| Dividend Yield | 0.92% | 1.02% |
| Holdings | 1,023 | 1,027 |
| YTD Return | +12.91% | +13.02%Best |
| 1Y Return | +16.56% | +16.73%Best |
| 3Y Return (annualized) | +21.96% | +22.11%Best |
| 5Y Return (annualized) | +12.34% | +12.44%Best |
| Volatility (annualized) | 14.2%Best | 14.3% |
| Max Drawdown | -34.6%Best | -34.7% |
| $10,000 over 5 years | $17,893 | $17,972Best |
| Top 10 Weight | 36.0% | 34.9%Best |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Sep 20, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 22, 2010 to Oct 14, 2026 (16.1 years).
IWB 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 16.1 years both funds cover.
IWB vs VONE Performance
iShares Russell 1000 ETF (IWB) is an ETF from iShares by BlackRock (US) and Vanguard Russell 1000 ETF (VONE) is an ETF from Vanguard (US). Over the past year IWB returned +16.56% while VONE returned +16.73%. Year to date, IWB is up 12.91% versus a gain of 13.02% for VONE.
Over three years, IWB compounded at +21.96% per year against +22.11% for VONE; over five years the annualized figures are +12.34% and +12.44% respectively. Across the full 16-year window we track, VONE has the edge at +13.15% annualized vs +13.04%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VONE has been the more volatile fund, with annualized monthly volatility of 14.3% compared with 14.2% for IWB. 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 -34.6% for IWB and -34.7% 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 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IWB 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, IWB currently yields 0.92% against 1.02% for VONE.
Holdings Overlap
96.3% of IWB's money is in holdings VONE also owns. 96.5% of VONE's money is in holdings IWB also owns.
Most of VONE is already inside IWB. Owning both mostly buys the same companies twice.
987 positions in common, counted across the 1,024 positions we hold weights for in IWB and 1,014 in VONE, against full books of 1,023 and 1,027.
What only one of them owns
Our book lists 13 positions for VONE that do not appear in our book for IWB (2.8% of the fund), and 14 for IWB that do not appear in VONE (3.1%).
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 IWB | Weight in VONE | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.63% | 7.26% | 0.37% |
| AAPLApple, Inc | 6.77% | 6.46% | 0.31% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.40% | 5.31% | 0.09% |
| AMZNAmazon.Com Inc | 3.41% | 3.55% | 0.14% |
| GOOGLAlphabet Inc Cap Stk Cl A | 2.79% | 2.79% | 0.00% |
| AVGOBroadcom Inc | 2.26% | 2.43% | 0.17% |
| GOOGAlphabet Inc Class C | 2.26% | 2.25% | 0.01% |
| METAMeta Platform Inc | 2.26% | 1.77% | 0.49% |
| MUMicron Technology, Inc. | 1.75% | 1.52% | 0.23% |
| TSLATesla Motors Inc | 1.47% | 1.52% | 0.05% |
96.5% of VONE is already inside IWB.
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, IWB or VONE?
IWB 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, IWB or VONE?
Over the past year IWB returned +16.56% vs +16.73% for VONE, so VONE leads on 1-year performance. Over the longest common window we track (16 years), IWB annualized +13.04% vs +13.15% for VONE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWB or VONE?
VONE has been the more volatile fund at 14.3% annualized versus 14.2% for IWB. Worst drawdown: IWB -34.6% vs VONE -34.7%.
Should I hold both IWB and VONE?
IWB and VONE have a monthly-return correlation of 1.00, 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 IWB and VONE?
96.5% of VONE's money is in holdings IWB also owns. 96.5% of VONE's is in holdings IWB also owns. They hold 987 positions in common, counted across the 1,024 positions we hold weights for in IWB and 1,014 in VONE.
Which pays a higher dividend, IWB or VONE?
IWB yields 0.92% while VONE yields 1.02%, so VONE currently pays the higher dividend yield.
Is VONE better than IWB?
VONE has a lower expense ratio. VONE led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. VONE is less concentrated, with 34.9% of the fund in its ten largest positions against 36.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.