The Russell 1000 is a viable alternative to the S&P 500 and Nasdaq, with Vanguard Russell 1000 Index Fund ETF Shares worth considering. The VONE ETF tracks the Russell 1000 Index, providing diversified exposure to large-cap US stocks with minimal tracking error. The VONE ETF has a concentration in the tech sector, outperforms iShares Russell 1000 ETF but underperforms S&P 500 due to small and mid-cap holdings.