JUST vs. FSPGX
Compare and contrast key facts about Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST) and Fidelity Large Cap Growth Index Fund (FSPGX).
JUST is a passively managed fund by Goldman Sachs that tracks the performance of the JUST US Large Cap Diversified Index. It was launched on Jun 7, 2018. FSPGX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JUST or FSPGX.
Key characteristics
| JUST | FSPGX | |
|---|---|---|
| YTD Return | 20.55% | 24.51% |
| 1Y Return | 32.45% | 38.24% |
| 3Y Return (Ann) | 7.85% | 8.12% |
| 5Y Return (Ann) | 14.68% | 18.94% |
| Sharpe Ratio | 2.85 | 2.38 |
| Sortino Ratio | 3.77 | 3.07 |
| Omega Ratio | 1.53 | 1.43 |
| Calmar Ratio | 3.81 | 3.01 |
| Martin Ratio | 17.30 | 11.85 |
| Ulcer Index | 1.95% | 3.34% |
| Daily Std Dev | 11.83% | 16.64% |
| Max Drawdown | -33.83% | -32.66% |
| Current Drawdown | -2.83% | -2.86% |
Correlation
The correlation between JUST and FSPGX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
JUST vs. FSPGX - Performance Comparison
In the year-to-date period, JUST achieves a 20.55% return, which is significantly lower than FSPGX's 24.51% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JUST vs. FSPGX - Expense Ratio Comparison
JUST has a 0.20% expense ratio, which is higher than FSPGX's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
JUST vs. FSPGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST) and Fidelity Large Cap Growth Index Fund (FSPGX). 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.
Dividends
JUST vs. FSPGX - Dividend Comparison
JUST's dividend yield for the trailing twelve months is around 1.17%, more than FSPGX's 0.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF | 1.17% | 1.37% | 1.51% | 1.07% | 1.36% | 1.86% | 1.11% | 0.00% | 0.00% |
FSPGX Fidelity Large Cap Growth Index Fund | 0.45% | 0.73% | 0.86% | 2.22% | 1.76% | 1.04% | 1.47% | 1.22% | 0.29% |
Drawdowns
JUST vs. FSPGX - Drawdown Comparison
The maximum JUST drawdown since its inception was -33.83%, roughly equal to the maximum FSPGX drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for JUST and FSPGX. For additional features, visit the drawdowns tool.
Volatility
JUST vs. FSPGX - Volatility Comparison
The current volatility for Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST) is 3.03%, while Fidelity Large Cap Growth Index Fund (FSPGX) has a volatility of 4.50%. This indicates that JUST experiences smaller price fluctuations and is considered to be less risky than FSPGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.