JUST vs. GS

Last updated Apr 1, 2026

Compare and contrast key facts about Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST) and The Goldman Sachs Group, Inc. (GS).

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.

Performance

JUST vs. GS - 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 The Goldman Sachs Group, Inc. (GS). The values are adjusted to include any dividend payments, if applicable.

JUST vs. GS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF	-4.08%	17.60%	23.73%	24.86%	-17.88%	26.89%	19.59%	31.54%	-9.62%
GS The Goldman Sachs Group, Inc.	-3.25%	56.64%	52.03%	15.91%	-7.87%	47.61%	17.45%	40.48%	-28.03%

Returns By Period

In the year-to-date period, JUST achieves a -4.08% return, which is significantly lower than GS's -3.25% return.

JUST

• 1D: 2.89%
• 1M: -4.66%
• YTD: -4.08%
• 6M: -0.85%
• 1Y: 17.59%
• 3Y*: 17.81%
• 5Y*: 11.04%
• 10Y*: —

GS

• 1D: 4.75%
• 1M: -1.06%
• YTD: -3.25%
• 6M: 7.32%
• 1Y: 58.07%
• 3Y*: 40.67%
• 5Y*: 23.83%
• 10Y*: 20.59%

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

Return for Risk

JUST vs. GS — Risk / Return Rank

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

JUST

JUST Risk / Return Rank: 61
JUST Sharpe Ratio Rank: 56
JUST Sortino Ratio Rank: 58
JUST Omega Ratio Rank: 62
JUST Calmar Ratio Rank: 59
JUST Martin Ratio Rank: 70

GS

GS Risk / Return Rank: 87
GS Sharpe Ratio Rank: 89
GS Sortino Ratio Rank: 85
GS Omega Ratio Rank: 86
GS Calmar Ratio Rank: 86
GS Martin Ratio Rank: 89

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. GS - 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 The Goldman Sachs Group, Inc. (GS). 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	GS	Difference
Sharpe ratio Return per unit of total volatility	0.97	1.82	-0.85
Sortino ratio Return per unit of downside risk	1.48	2.35	-0.86
Omega ratio Gain probability vs. loss probability	1.22	1.33	-0.11
Calmar ratio Return relative to maximum drawdown	1.47	3.04	-1.57
Martin ratio Return relative to average drawdown	7.04	9.70	-2.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JUST vs. GS - Sharpe Ratio Comparison

The current JUST Sharpe Ratio is 0.97, which is lower than the GS Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of JUST and GS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JUST	GS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	1.82	-0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.87	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.31	+0.36

Correlation

The correlation between JUST and GS is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

JUST vs. GS - Dividend Comparison

JUST's dividend yield for the trailing twelve months is around 1.08%, less than GS's 1.83% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF	1.08%	1.02%	1.11%	1.37%	1.51%	1.07%	1.36%	1.86%	1.11%	0.00%	0.00%	0.00%
GS The Goldman Sachs Group, Inc.	1.83%	1.59%	2.01%	2.72%	2.62%	1.70%	1.90%	1.80%	1.89%	1.14%	1.09%	1.41%

Drawdowns

JUST vs. GS - Drawdown Comparison

The maximum JUST drawdown since its inception was -33.83%, smaller than the maximum GS drawdown of -78.84%. Use the drawdown chart below to compare losses from any high point for JUST and GS.

Drawdown Indicators

	JUST	GS	Difference
Max Drawdown Largest peak-to-trough decline	-33.83%	-78.84%	+45.01%
Max Drawdown (1Y) Largest decline over 1 year	-12.44%	-19.42%	+6.98%
Max Drawdown (5Y) Largest decline over 5 years	-24.72%	-32.84%	+8.12%
Max Drawdown (10Y) Largest decline over 10 years	—	-48.75%	—
Current Drawdown Current decline from peak	-6.12%	-12.85%	+6.73%
Average Drawdown Average peak-to-trough decline	-5.20%	-22.75%	+17.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	6.08%	-3.49%

Volatility

JUST vs. GS - Volatility Comparison

The current volatility for Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST) is 5.06%, while The Goldman Sachs Group, Inc. (GS) has a volatility of 9.44%. This indicates that JUST experiences smaller price fluctuations and is considered to be less risky than GS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JUST	GS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.06%	9.44%	-4.38%
Volatility (6M) Calculated over the trailing 6-month period	9.46%	21.70%	-12.24%
Volatility (1Y) Calculated over the trailing 1-year period	18.28%	32.11%	-13.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.77%	27.68%	-10.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.24%	29.71%	-10.47%