JUST vs. GQGU
JUST (Goldman Sachs JUST U.S. Large Cap Equity ETF) and GQGU (GQG US Equity ETF) are both Large Cap Growth Equities funds. JUST is passively managed, while GQGU is actively managed. At a correlation of -0.09, they often move in opposite directions. JUST charges 0.20%/yr vs 0.49%/yr for GQGU.
Performance
JUST vs. GQGU - 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 GQGU's 6.44% return.
JUST
- 1D
- 0.53%
- 1M
- 4.51%
- YTD
- 12.23%
- 6M
- 12.64%
- 1Y
- 29.54%
- 3Y*
- 22.47%
- 5Y*
- 13.36%
- 10Y*
- —
GQGU
- 1D
- -0.15%
- 1M
- -1.69%
- YTD
- 6.44%
- 6M
- 7.69%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JUST vs. GQGU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF | 12.23% | 9.47% |
GQGU GQG US Equity ETF | 6.44% | -1.14% |
Correlation
The correlation between JUST and GQGU is -0.09, 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 (All Time) Calculated using the full available price history since Jul 15, 2025 | -0.09 |
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Return for Risk
JUST vs. GQGU — Risk / Return Rank
JUST
GQGU
JUST vs. GQGU - 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 GQG US Equity ETF (GQGU). 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 | GQGU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.45 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | — | — |
| Martin ratioReturn relative to average drawdown | 15.75 | — | — |
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 | GQGU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.58 | +0.20 |
Drawdowns
JUST vs. GQGU - Drawdown Comparison
The maximum JUST drawdown since its inception was -33.83%, which is greater than GQGU's maximum drawdown of -6.65%. Use the drawdown chart below to compare losses from any high point for JUST and GQGU.
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Drawdown Indicators
| JUST | GQGU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.83% | -6.65% | -27.18% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -19.34% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.72% | — | — |
Current DrawdownCurrent decline from peak | -0.22% | -4.80% | +4.58% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -2.55% | -2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | — | — |
Volatility
JUST vs. GQGU - Volatility Comparison
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Volatility by Period
| JUST | GQGU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.09% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.88% | 10.12% | +1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 10.12% | +6.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.11% | 10.12% | +8.99% |
JUST vs. GQGU - Expense Ratio Comparison
JUST has a 0.20% expense ratio, which is lower than GQGU's 0.49% expense ratio.
Dividends
JUST vs. GQGU - Dividend Comparison
JUST's dividend yield for the trailing twelve months is around 0.93%, less than GQGU's 0.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GQGU GQG US Equity ETF | 0.96% | 1.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
JUST and GQGU have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JUST is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JUST is cheaper with a 0.20% expense ratio, compared with 0.49% for GQGU.
GQGU has the higher dividend yield at 0.96%, compared with 0.93% for JUST.
They also come from different issuers: Goldman Sachs and GQG Partners. Their fees differ too: 0.20% for JUST and 0.49% for GQGU.
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