JUST vs. GBIL
JUST (Goldman Sachs JUST U.S. Large Cap Equity ETF) and GBIL (Goldman Sachs Access Treasury 0-1 Year ETF) are both exchange-traded funds - JUST is a Large Cap Growth Equities fund tracking the JUST US Large Cap Diversified Index, while GBIL is a Government Bonds fund tracking the FTSE US Treasury 0-1 Year Composite Select Index. Both are passively managed. Over the past 5 years, JUST returned 13.36%/yr vs 3.32%/yr for GBIL. At a correlation of -0.03, they often move in opposite directions. JUST charges 0.20%/yr vs 0.12%/yr for GBIL.
Performance
JUST vs. GBIL - Performance Comparison
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Returns By Period
In the year-to-date period, JUST achieves a 12.23% return, which is significantly higher than GBIL's 1.44% return.
JUST
- 1D
- 0.53%
- 1M
- 4.51%
- YTD
- 12.23%
- 6M
- 12.64%
- 1Y
- 29.54%
- 3Y*
- 22.47%
- 5Y*
- 13.36%
- 10Y*
- —
GBIL
- 1D
- 0.02%
- 1M
- 0.29%
- YTD
- 1.44%
- 6M
- 1.75%
- 1Y
- 3.89%
- 3Y*
- 4.64%
- 5Y*
- 3.32%
- 10Y*
- —
JUST vs. GBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF | 12.23% | 17.60% | 23.73% | 24.86% | -17.88% | 26.89% | 19.59% | 31.54% | -9.62% |
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 1.44% | 4.12% | 5.24% | 4.91% | 1.05% | -0.08% | 0.79% | 2.31% | 1.14% |
Correlation
The correlation between JUST and GBIL is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2018 | -0.03 |
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Return for Risk
JUST vs. GBIL — Risk / Return Rank
JUST
GBIL
JUST vs. GBIL - 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 Goldman Sachs Access Treasury 0-1 Year ETF (GBIL). 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.
| JUST | GBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.39 | ||
| Sortino ratioReturn per unit of downside risk | -98.92 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 39.22 | -37.78 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 195.39 | -192.00 |
| Martin ratioReturn relative to average drawdown | 15.75 | 1,656.50 | -1,640.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JUST | GBIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 16.89 | -14.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 5.78 | -4.98 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 4.88 | -4.09 |
Drawdowns
JUST vs. GBIL - Drawdown Comparison
The maximum JUST drawdown since its inception was -33.83%, which is greater than GBIL's maximum drawdown of -0.76%. Use the drawdown chart below to compare losses from any high point for JUST and GBIL.
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Drawdown Indicators
| JUST | GBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.83% | -0.76% | -33.07% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -0.02% | -8.74% |
Max Drawdown (3Y)Largest decline over 3 years | -19.34% | -0.76% | -18.58% |
Max Drawdown (5Y)Largest decline over 5 years | -24.72% | -0.76% | -23.96% |
Current DrawdownCurrent decline from peak | -0.22% | 0.00% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -0.04% | -5.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 0.00% | +1.88% |
Volatility
JUST vs. GBIL - Volatility Comparison
Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST) has a higher volatility of 2.87% compared to Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) at 0.04%. This indicates that JUST's price experiences larger fluctuations and is considered to be riskier than GBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JUST | GBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 0.04% | +2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 9.09% | 0.14% | +8.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.88% | 0.23% | +11.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 0.58% | +16.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.11% | 0.47% | +18.64% |
JUST vs. GBIL - Expense Ratio Comparison
JUST has a 0.20% expense ratio, which is higher than GBIL's 0.12% 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%.
Dividends
JUST vs. GBIL - Dividend Comparison
JUST's dividend yield for the trailing twelve months is around 0.93%, less than GBIL's 3.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 3.74% | 4.02% | 4.93% | 4.77% | 1.37% | 0.00% | 0.81% | 2.20% | 1.70% | 0.74% | 0.11% |
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF | 0.93% | 1.02% | 1.11% | 1.37% | 1.51% | 1.07% | 1.36% | 1.86% | 1.11% | 0.00% | 0.00% |
Frequently Asked Questions
JUST and GBIL have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JUST has higher volatility (2.87%) compared to GBIL (0.04%). In terms of maximum drawdown, JUST dropped -33.83% vs GBIL's -0.76%.
On 5-year performance, JUST leads with 13.36% vs 3.32% for GBIL. On fees, GBIL is cheaper at 0.12% per year. On volatility, GBIL has been the lower-risk option at 0.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JUST has performed better with a 13.36% return vs 3.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GBIL is cheaper with a 0.12% expense ratio, compared with 0.20% for JUST.
GBIL has the higher dividend yield at 3.74%, compared with 0.93% for JUST.
JUST is categorized as Large Cap Growth Equities, while GBIL is Government Bonds. JUST tracks JUST US Large Cap Diversified Index, while GBIL tracks FTSE US Treasury 0-1 Year Composite Select Index. Their fees differ too: 0.20% for JUST and 0.12% for GBIL.
GBIL currently has the higher Sharpe Ratio (16.89 vs 2.50), 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.
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