VONE vs VV: Grades, Fees and Holdings Compared

Vanguard Russell 1000 ETF

VONEANasdaq

Vanguard Morningstar Large-Cap ETF

VVANYSE Arca

Overlap

91.1%by weight

Expense ratio

VV −0.03pt a year

VONE0.06%VV0.03%

Avg volume · 30D

VV 2.1×the volume

VONE104KVV223K

10Y return · a year

VV +0.3pt

VONE+15.2%VV+15.5%

VONE vs VV Performance

Nov 2, 2021 – Nov 2, 2026

+69.0%VONE+71.5%VV

Expense ratio: VONE 0.06%; VV 0.03%, better
Fund size: VONE $12.2B; VV $76B
1Y total return: VONE +11.3%, better; VV +10.9%
Yield (12M): VONE 1.03%; VV 1.04%, better
Holdings: VONE 1036; VV 433
Avg volume (30D): VONE 104K sh; VV 223K sh, better
NAV per share: VONE $341.62; VV $348.06
52W range

ETF.net Grade

Pillar letters and Scores for VONE, VV, with each pillar’s weight
Pillar	VONE	VV
Cost30% weight	A86	A91Higher
Mission25% weight	A100Higher	A99
Risk15% weight	C54	B55Higher
Tradability15% weight	C53	B57Higher
Holdings10% weight	B66Higher	C51
Durability5% weight	A91	A93Higher

Rank among US Large-Cap funds

How we build Categories ›

Same Category. VONE and VV are both graded against the same 29 US Large-Cap funds, so their Grades compare head to head.

US Large-Cap⁠

Category · 29 funds

See all 29 ›

VV ranks 4th and VONE 5th of 29 funds in the US Large-Cap Category.

Rank 1ASCHXSchwab U.S. Large-Cap ETFScore 84
Rank 2ABKLCBNY Mellon US Large Cap Core Equity ETFScore 82
Rank 3AEPSWisdomTree U.S. LargeCap FundScore 80
Rank 4AVVVanguard Morningstar Large-Cap ETFScore 78
Rank 5AIWBiShares Russell 1000 ETFScore 77
Rank 5AVONEVanguard Russell 1000 ETFScore 77
Rank 7BIWLiShares Russell Top 200 ETFScore 69

Our read on each fund

ETF.net Research

VONEAVanguard Russell 1000 ETF

VVAVanguard Morningstar Large-Cap ETF

In short

VONE The Russell 1000 is the standard-issue US large-cap benchmark, and VONE is the low-fee door into it: about 1,000 names for 0.06%, well under half what the other big fund tracking the same index charges.

VV Vanguard's rules-based read on large cap: own whatever sits in the top 85% of the US market, about 500 names, for 0.03% a year. Running since 2004.

Stated mandate

VONE The fund seeks to track the performance of the Russell 1000 Index.

VV The fund seeks to track the CRSP US Large Cap Index through a passive, full-replication strategy focused predominantly on large U.S. companies diversified across growth and value styles.

Why people hold it

VONE Same declared index as the pricier incumbent at 0.15%, for 0.06%. That is under half the fee, and comfortably below the 0.14% the typical large-cap tracker charges.
Plain plumbing: about 1,000 US large caps, no tilts or screens. The Russell lineup is rebuilt on a published calendar, now twice a year, so risers enter on schedule.lseg.com
Running since 2010 and now a multi-billion-dollar fund, it sits in the top quartile of its large-cap peer group and pays quarterly.

VV Charges 0.03% a year against a 0.14% median for its large-cap peer group. Among the cohort's top names, only SCHX matches that fee.
Full replication: it buys every stock in the index at roughly index weight, and it has tracked that benchmark very closely.vanguard.com
The ETF share class of a Vanguard index fund launched in 2004, now a multi-billion-dollar strategy with mutual fund siblings alongside it.vanguard.com
Cost, tracking and staying power put it in the top tier of a crowded 24-fund large-cap cohort.

Worth knowing

VONE A thousand names sounds sweeping, but the sleeve is US-only and large-cap-only. No small caps, no international exposure.
Cheap, not cheapest. SCHX and VV run 0.03% and BKLC runs 0.00%, though each tracks a different large-cap index rather than the Russell 1000.
Volume is moderate rather than hub-like, so larger orders can meet thinner depth than in the category's busiest tickers.

VV Market-cap weighted, so the biggest US companies (and their sector tilts) carry most of the weight.vanguard.com
The index stops at the top 85% of US investable market cap: mid- and small-cap names sit outside it.vanguard.com
After Morningstar acquired CRSP, the benchmark and the fund name picked up the Morningstar label. Same index, same fund.vanguard.com vanguard.com 2

Full VONE profile⁠

Full VV profile⁠

VONE vs VV Holdings

How VONE and VV differ

Overlap by weight

91.1%

Shared holdings make up 99.5% of VV and 91.6% of VONE.

Level by level

Holdings422 in both91.1%
Sector11 Sectors97.2%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in VONE and VV, widest gap first
Sector	More in VONEMore in VV	VONE	VV
Technology	VV +2.4 points	38.7%	41.1%
Industrials	VONE +0.9 points	8.5%	7.6%
Consumer Discretionary	VONE +0.6 points	8.9%	8.3%
Real Estate	VONE +0.5 points	2.0%	1.5%
Communication	VV +0.4 points	9.6%	10.0%
Health Care	VONE +0.3 points	9.5%	9.2%
Materials	VONE +0.2 points	1.8%	1.6%
Utilities	VONE +0.2 points	1.9%	1.7%
Financials	VONE +0.1 points	11.4%	11.3%
Consumer Staples	VV +0.1 points	4.2%	4.3%
Energy	Same weight	3.5%	3.5%

Country, concentration and asset class

Country by domicile

Country weights in VONE and VV, widest gap first
Country	More in VONEMore in VV	VONE	VV
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

VONE36.0%
VV39.4%

Securities held

VONE1,033
VV431

Asset class

VONE: Equity
VV: Equity

Holdings

Only in VONE611
In both422
Only in VV9

Only in VONE

611 securities, 8.4% of VONE by weight

Spotify Technology SA0.11%
Natera Inc0.08%
Anglogold Ashanti Plc0.07%
NU Holdings Ltd/Cayman Islands0.06%
Twilio Inc0.06%
Illumina Inc0.06%
Everpure Inc0.06%
Revolution Medicines Inc0.06%
Okta Inc0.05%
EMCOR Group Inc0.05%
Credo Technology Group Holding Ltd0.05%
Jabil Inc0.04%
TechnipFMC PLC0.04%
Williams-Sonoma Inc0.04%
nVent Electric PLC0.04%
Atmos Energy Corp0.04%
ATI Inc0.04%
F5 Inc0.04%
Restaurant Brands International Inc0.03%
Royalty Pharma PLC0.03%
Tapestry Inc0.03%
Entegris Inc0.03%
Smurfit Westrock PLC0.03%
Guardant Health Inc0.03%
Casey's General Stores Inc0.03%
United Therapeutics Corp0.03%
Viatris Inc0.03%
Incyte Corp0.03%
Tenet Healthcare Corp0.03%
US Foods Holding Corp0.03%
Royal Gold Inc0.03%
Omnicom Group Inc0.03%
SoFi Technologies Inc0.03%
Curtiss-Wright Corp0.03%
Roku Inc0.03%
Liberty Media Corp0.03%
XPO Inc0.03%
TD SYNNEX Corp0.03%
MACOM Technology Solutions Holdings Inc0.03%
NRG Energy Inc0.03%
Woodward Inc0.03%
Reliance Inc0.03%
Amcor PLC0.03%
Affirm Holdings Inc0.03%
Southern Copper Corp0.03%
Roivant Sciences Ltd0.03%
NiSource Inc0.03%
Nutanix Inc0.03%
Carpenter Technology Corp0.03%
Expand Energy Corp0.03%

Only in VV

9 securities, 0.6% of VV by weight

Seagate Technology Holdings PLC0.32%
TE Connectivity PLC0.09%
TRS:VISA INC-CLASS A SHARES USD 2027-Aug-310.07%
Berkshire Hathaway Inc0.07%
Waste Connections Inc0.06%
Cerebras Systems Inc<0.01%
Venture Global Inc<0.01%
Symbotic Inc<0.01%
Abiomed Inc-Cvr0.00%

Weight gaps

The 100 widest of 422 Holdings in both funds.

Holding weights in VONE and VV, widest gap first
Holding	More in VONEMore in VV	VONE	VV
Apple IncAAPL	VV +0.72 points	6.81%	7.53%
NVIDIA CorpNVDA	VV +0.56 points	7.54%	8.10%
Microsoft CorpMSFT	VV +0.51 points	5.39%	5.90%
Amazon.com IncAMZN	VV +0.33 points	3.42%	3.75%
Alphabet IncGOOGL	VV +0.29 points	2.84%	3.13%
Broadcom IncAVGO	VV +0.28 points	2.31%	2.59%
Meta Platforms IncMETA	VV +0.22 points	2.26%	2.48%
Eli Lilly & CoLLY	VV +0.21 points	1.31%	1.52%
Alphabet IncGOOG	VV +0.19 points	2.29%	2.48%
Micron Technology IncMU	VV +0.16 points	1.70%	1.86%
Advanced Micro Devices IncAMD	VV +0.14 points	1.41%	1.55%
JPMorgan Chase & CoJPM	VV +0.11 points	1.25%	1.36%
ExxonMobil Holdings CorpXOM	VV +0.10 points	0.95%	1.05%
Johnson & JohnsonJNJ	VV +0.09 points	0.90%	0.99%
Tesla IncTSLA	VV +0.08 points	1.47%	1.55%
AbbVie IncABBV	VV +0.06 points	0.66%	0.72%
Bank of America CorpBAC	VV +0.06 points	0.50%	0.56%
Intel CorpINTC	VV +0.06 points	0.78%	0.84%
Walmart IncWMT	VV +0.06 points	0.65%	0.70%
Chevron CorpCVX	VV +0.05 points	0.54%	0.59%
Caterpillar IncCAT	VV +0.06 points	0.52%	0.58%
Lam Research CorpLRCX	VV +0.06 points	0.58%	0.64%
Applied Materials IncAMAT	VV +0.06 points	0.57%	0.63%
Costco Wholesale CorpCOST	VV +0.06 points	0.57%	0.63%
Palo Alto Networks IncPANW	VV +0.05 points	0.45%	0.50%
Merck & Co IncMRK	VV +0.05 points	0.51%	0.56%
Palantir Technologies IncPLTR	VV +0.04 points	0.59%	0.63%
Moderna IncMRNA	VONE +0.05 points	0.10%	0.05%
General Electric CoGE	VV +0.04 points	0.46%	0.50%
Morgan StanleyMS	VV +0.04 points	0.30%	0.34%
Procter & Gamble Co/ThePG	VV +0.04 points	0.48%	0.52%
Coca-Cola Co/TheKO	VV +0.05 points	0.47%	0.52%
UnitedHealth Group IncUNH	VV +0.04 points	0.47%	0.51%
Netflix IncNFLX	VV +0.04 points	0.41%	0.45%
Philip Morris International IncPM	VV +0.04 points	0.42%	0.46%
Mastercard IncMA	VV +0.04 points	0.63%	0.67%
Home Depot Inc/TheHD	VV +0.04 points	0.40%	0.44%
Arista Networks IncANET	VV +0.04 points	0.30%	0.34%
Sandisk CorpSNDK	VV +0.03 points	0.36%	0.39%
Texas Instruments IncTXN	VV +0.04 points	0.36%	0.40%
Goldman Sachs Group Inc/TheGS	VV +0.04 points	0.34%	0.38%
Lockheed Martin CorpLMT	VV +0.03 points	0.15%	0.18%
Oracle CorpORCL	VV +0.04 points	0.33%	0.37%
Berkshire Hathaway IncBRK.B	VV +0.04 points	1.31%	1.35%
KLA CorpKLAC	VV +0.03 points	0.36%	0.39%
RTX CorpRTX	VV +0.04 points	0.35%	0.39%
Wells Fargo & CoWFC	VV +0.04 points	0.34%	0.38%
Marvell Technology IncMRVL	VV +0.03 points	0.33%	0.36%
Deere & CoDE	VV +0.04 points	0.23%	0.27%
Thermo Fisher Scientific IncTMO	VV +0.03 points	0.35%	0.39%
AppLovin CorpAPP	VV +0.03 points	0.10%	0.13%
Amgen IncAMGN	VV +0.03 points	0.32%	0.35%
SLBBH1142	VONE +0.03 points	0.03%	<0.01%
GE Vernova IncGEV	VV +0.03 points	0.36%	0.39%
Citigroup IncC	VV +0.03 points	0.30%	0.33%
Amphenol CorpAPH	VV +0.03 points	0.29%	0.32%
Linde PLCLIN	VV +0.03 points	0.31%	0.34%
International Business Machines CorpIBM	VV +0.03 points	0.29%	0.32%
AT&T IncT	VV +0.03 points	0.23%	0.26%
Lumentum Holdings IncLITE	VV +0.03 points	0.11%	0.14%
Boeing Co/TheBA	VV +0.03 points	0.20%	0.23%
Flex LtdFLEX	VONE +0.03 points	0.06%	0.03%
QUALCOMM IncQCOM	VV +0.03 points	0.27%	0.30%
Gilead Sciences IncGILD	VV +0.03 points	0.26%	0.29%
Verizon Communications IncVZ	VV +0.03 points	0.27%	0.30%
Analog Devices IncADI	VV +0.03 points	0.27%	0.30%
PepsiCo IncPEP	VV +0.03 points	0.24%	0.27%
Charles Schwab Corp/TheSCHW	VV +0.02 points	0.23%	0.25%
Crowdstrike Holdings IncCRWD	VV +0.02 points	0.38%	0.40%
Walt Disney Co/TheDIS	VV +0.02 points	0.26%	0.28%
Eaton Corp PLCETN	VV +0.02 points	0.24%	0.26%
Abbott LaboratoriesABT	VV +0.03 points	0.24%	0.27%
Western Digital CorpWDC	VV +0.02 points	0.22%	0.24%
Welltower IncWELL	VV +0.02 points	0.24%	0.26%
Pfizer IncPFE	VV +0.02 points	0.23%	0.25%
Union Pacific CorpUNP	VV +0.02 points	0.23%	0.25%
NextEra Energy IncNEE	VV +0.02 points	0.22%	0.24%
McDonald's CorpMCD	VV +0.02 points	0.23%	0.25%
Salesforce IncCRM	VV +0.02 points	0.26%	0.28%
ServiceNow IncNOW	VV +0.02 points	0.19%	0.21%
Intuitive Surgical IncISRG	VV +0.02 points	0.20%	0.22%
Centene CorpCNC	VONE +0.02 points	0.04%	0.02%
Fortinet IncFTNT	VV +0.02 points	0.15%	0.17%
TJX Cos Inc/TheTJX	VV +0.02 points	0.21%	0.23%
Danaher CorpDHR	VV +0.02 points	0.20%	0.22%
Waste Management IncWM	VV +0.02 points	0.11%	0.13%
Steel Dynamics IncSTLD	VONE +0.02 points	0.04%	0.02%
Capital One Financial CorpCOF	VV +0.01 points	0.17%	0.18%
Rocket Cos IncRKT	VV +0.01 points	0.02%	0.03%
EQT CorpEQT	VONE +0.02 points	0.04%	0.02%
Vertex Pharmaceuticals IncVRTX	VV +0.02 points	0.19%	0.21%
Sherwin-Williams Co/TheSHW	VV +0.02 points	0.10%	0.12%
Qnity Electronics IncQ	VONE +0.02 points	0.04%	0.02%
ConocoPhillipsCOP	VV +0.01 points	0.22%	0.23%
Prologis IncPLD	VV +0.02 points	0.17%	0.19%
Bristol-Myers Squibb CoBMY	VV +0.02 points	0.18%	0.20%
Constellation Energy CorpCEG	VV +0.01 points	0.12%	0.13%
Cloudflare IncNET	VV +0.01 points	0.16%	0.17%
Newmont CorpNEM	VV +0.02 points	0.17%	0.19%
Parker-Hannifin CorpPH	VV +0.02 points	0.17%	0.19%

All 1,009 VONE holdings⁠All 479 VV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

VONE vs VV Cost

Overpaying VONE vs VV

$632

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

VONE 0.06%
$1,270
VV 0.03%
$638

Amount$10,000

Years30 years

Cost over time

VONE 0.06%
VV 0.03%
Overpaying

Year by year

Year	VONE	VV	Overpaying
10	$110	$55	$55
20	$432	$216	$216
30	$1,270	$638	$632

Expense ratio

0.06%VONE
0.03%VV, cheaper

VV0.03%VONE0.06%

0.00%1.25%

Middle half of US Large-Cap funds
Median 0.20%

VV 3rd cheapest of 29 funds

VONE 5th cheapest of 29 funds

VONE vs VV Dividends

Last 12 months to Nov 2, 2026

Yield (12M): VONE 1.03%; VV 1.04%, better
Payout (12M): VONE $3.50; VV $3.60
Last payment: VONE $0.89; VV $0.90
Ex-dividend: VONE Sep 23, 2026; VV Sep 28, 2026
Paid on: VONE Sep 25, 2026; VV Sep 30, 2026
Frequency: VONE Quarterly; VV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

VONEQuarterly · 39 paymentsAll VONE payments⁠

VVQuarterly · 39 paymentsAll VV payments⁠

VONE vs VV Risk

Fall from peak · 5 years

VONE
VV

Risk facts

VolatilityStd dev, 3 years: VONE 12.5%VV 12.5%
Return per unit of riskSharpe ratio, 3 years: VONE 1.39VV 1.41, better
Worst fallMax drawdown, 5 years: VONE −25.1%, betterVV −25.7%
Market sensitivityBeta, 5 years: VONE 1.02VV 1.02; Market = 1

VONE and VV in the news

All news⁠

Head-to-Head
IVW vs. VV: iShares’ growth ETF holds almost nothing Vanguard’s doesn’t, at six times the fee
Oct 28, 2026VV
Category Review
Broad U.S. large-cap funds kept pace with the S&P 500 this year. The top 50 did not.
Updated Oct 16, 2026VV

Popular comparisons

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VONE vs VV

In short

Stated mandate

Why people hold it

Worth knowing

How VONE and VV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in VONE

Only in VV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

IVW vs. VV: iShares’ growth ETF holds almost nothing Vanguard’s doesn’t, at six times the fee

Broad U.S. large-cap funds kept pace with the S&P 500 this year. The top 50 did not.

How VONE and VV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in VONE

Only in VV

Weight gaps