JUST vs. CATH

Last updated Jun 19, 2026

JUST (Goldman Sachs JUST U.S. Large Cap Equity ETF) and CATH (Global X S&P 500 Catholic Values ETF) are both exchange-traded funds - JUST is a Large Cap Growth Equities fund tracking the JUST US Large Cap Diversified Index, while CATH is a S&P 500 fund tracking the S&P 500 Catholic Values Index. Both are passively managed. Over the past 5 years, JUST returned 13.44%/yr vs 12.58%/yr for CATH. With a 0.96 correlation, they move nearly in lockstep. JUST charges 0.20%/yr vs 0.29%/yr for CATH.

Performance

JUST vs. CATH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST) and Global X S&P 500 Catholic Values ETF (CATH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JUST achieves a 11.11% return, which is significantly higher than CATH's 8.63% return.

JUST

• 1D: 1.07%
• 1M: 2.31%
• YTD: 11.11%
• 6M: 12.74%
• 1Y: 27.82%
• 3Y*: 20.91%
• 5Y*: 13.44%
• 10Y*: —

CATH

• 1D: 1.08%
• 1M: 1.60%
• YTD: 8.63%
• 6M: 9.68%
• 1Y: 23.91%
• 3Y*: 19.32%
• 5Y*: 12.58%
• 10Y*: 14.83%

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

JUST vs. CATH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF	11.11%	17.60%	23.73%	24.86%	-17.88%	26.89%	19.59%	31.54%	-9.96%
CATH Global X S&P 500 Catholic Values ETF	8.63%	17.08%	23.34%	26.15%	-19.96%	28.87%	18.80%	30.64%	-10.02%

Correlation

The correlation between JUST and CATH is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jun 13, 2018	0.96

The correlation between JUST and CATH has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

JUST vs. CATH - Sectors Allocation Comparison

Sectors	JUST	CATH
Technology	37.9%	38.9%
Financial Services	12.2%	11.3%
Consumer Cyclical	9.1%	10.0%
Healthcare	8.8%	7.8%
Communication Services	8.4%	10.8%
Industrials	8.1%	7.9%
Consumer Defensive	5.2%	4.5%
Energy	3.5%	3.2%
Utilities	2.5%	2.1%
Basic Materials	2.1%	1.7%
Real Estate	2.0%	1.8%

Return for Risk

JUST vs. CATH — Risk / Return Rank

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

JUST

JUST Risk / Return Rank: 74
JUST Sharpe Ratio Rank: 76
JUST Sortino Ratio Rank: 74
JUST Omega Ratio Rank: 74
JUST Calmar Ratio Rank: 68
JUST Martin Ratio Rank: 79

CATH

CATH Risk / Return Rank: 60
CATH Sharpe Ratio Rank: 61
CATH Sortino Ratio Rank: 58
CATH Omega Ratio Rank: 59
CATH Calmar Ratio Rank: 55
CATH Martin Ratio Rank: 65

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.

JUST vs. CATH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST) and Global X S&P 500 Catholic Values ETF (CATH). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	JUST	CATH	Difference
Sharpe ratio: Return per unit of total volatility	2.25	1.90	+0.35
Sortino ratio: Return per unit of downside risk	3.07	2.59	+0.49
Omega ratio: Gain probability vs. loss probability	1.40	1.34	+0.06
Calmar ratio: Return relative to maximum drawdown	3.19	2.55	+0.64
Martin ratio: Return relative to average drawdown	14.38	11.11	+3.27

JUST vs. CATH - Sharpe Ratio Comparison

The current JUST Sharpe Ratio is 2.25, which is comparable to the CATH Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of JUST and CATH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JUST vs. CATH - Drawdown Comparison

The maximum JUST drawdown since its inception was -33.83%, roughly equal to the maximum CATH drawdown of -33.95%. Use the drawdown chart below to compare losses from any high point for JUST and CATH.

Drawdown Indicators

	JUST	CATH	Difference
Max Drawdown Largest peak-to-trough decline	-33.83%	-33.95%	+0.12%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-9.42%	+0.66%
Max Drawdown (3Y) Largest decline over 3 years	-19.34%	-19.34%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-24.72%	-28.14%	+3.42%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.95%	—
Current Drawdown Current decline from peak	-1.21%	-1.37%	+0.16%
Average Drawdown Average peak-to-trough decline	-5.09%	-5.18%	+0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	2.16%	-0.22%

Volatility

JUST vs. CATH - Volatility Comparison

Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST) and Global X S&P 500 Catholic Values ETF (CATH) have volatilities of 4.55% and 4.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JUST	CATH	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	4.54%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	9.87%	9.90%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	12.42%	12.62%	-0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.87%	17.98%	-1.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.12%	18.64%	+0.48%

JUST vs. CATH - Expense Ratio Comparison

JUST has a 0.20% expense ratio, which is lower than CATH's 0.29% expense ratio.

Dividends

JUST vs. CATH - Dividend Comparison

JUST's dividend yield for the trailing twelve months is around 0.94%, more than CATH's 0.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CATH Global X S&P 500 Catholic Values ETF	0.77%	0.84%	0.95%	1.16%	1.34%	1.03%	1.23%	0.68%	2.01%	1.27%	0.50%
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF	0.94%	1.02%	1.11%	1.37%	1.51%	1.07%	1.36%	1.86%	1.11%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JUST and CATH in my portfolio?

With a correlation of 0.98, JUST and CATH move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JUST or CATH?

JUST has higher volatility (4.55%) compared to CATH (4.54%). In terms of maximum drawdown, JUST dropped -33.83% vs CATH's -33.95%.

Which ETF is better, JUST or CATH?

On 5-year performance, JUST leads with 13.44% vs 12.58% for CATH. On fees, JUST is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JUST or CATH?

Over the 5-year period, JUST has performed better with a 13.44% return vs 12.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JUST or CATH?

JUST is cheaper with a 0.20% expense ratio, compared with 0.29% for CATH.

Which ETF pays a higher dividend yield, JUST or CATH?

JUST has the higher dividend yield at 0.94%, compared with 0.77% for CATH.

What is the main difference between JUST and CATH?

JUST is categorized as Large Cap Growth Equities, while CATH is S&P 500. JUST tracks JUST US Large Cap Diversified Index, while CATH tracks S&P 500 Catholic Values Index. They also come from different issuers: Goldman Sachs and Global X. Their fees differ too: 0.20% for JUST and 0.29% for CATH.

Which has better risk-adjusted returns?

JUST currently has the higher Sharpe Ratio (2.25 vs 1.90), 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.