JUST vs. GSST
JUST (Goldman Sachs JUST U.S. Large Cap Equity ETF) and GSST (Goldman Sachs Ultra Short Bond ETF) are both exchange-traded funds - JUST is a Large Cap Growth Equities fund tracking the JUST US Large Cap Diversified Index, while GSST is a Ultrashort Bond fund actively managed by Goldman Sachs. JUST is passively managed, while GSST is actively managed. Over the past 5 years, JUST returned 13.36%/yr vs 3.75%/yr for GSST. At a 0.02 correlation, their price movements are largely independent. JUST charges 0.20%/yr vs 0.16%/yr for GSST.
Performance
JUST vs. GSST - 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 GSST's 1.56% return.
JUST
- 1D
- 0.53%
- 1M
- 4.51%
- YTD
- 12.23%
- 6M
- 12.64%
- 1Y
- 29.54%
- 3Y*
- 22.47%
- 5Y*
- 13.36%
- 10Y*
- —
GSST
- 1D
- 0.01%
- 1M
- 0.31%
- YTD
- 1.56%
- 6M
- 1.89%
- 1Y
- 4.58%
- 3Y*
- 5.52%
- 5Y*
- 3.75%
- 10Y*
- —
JUST vs. GSST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF | 12.23% | 17.60% | 23.73% | 24.86% | -17.88% | 26.89% | 19.59% | 12.87% |
GSST Goldman Sachs Ultra Short Bond ETF | 1.56% | 5.20% | 6.01% | 6.08% | 0.13% | 0.05% | 1.74% | 2.65% |
Correlation
The correlation between JUST and GSST is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2019 | 0.02 |
The correlation between JUST and GSST shifts across timeframes, from 0.02 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JUST vs. GSST — Risk / Return Rank
JUST
GSST
JUST vs. GSST - 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 Ultra Short Bond ETF (GSST). 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 | GSST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.43 | ||
| Sortino ratioReturn per unit of downside risk | -13.04 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 3.93 | -2.48 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 29.79 | -26.40 |
| Martin ratioReturn relative to average drawdown | 15.75 | 184.28 | -168.54 |
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 | GSST | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 7.93 | -5.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 5.99 | -5.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 3.79 | -3.00 |
Drawdowns
JUST vs. GSST - Drawdown Comparison
The maximum JUST drawdown since its inception was -33.83%, which is greater than GSST's maximum drawdown of -3.51%. Use the drawdown chart below to compare losses from any high point for JUST and GSST.
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Drawdown Indicators
| JUST | GSST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.83% | -3.51% | -30.32% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -0.15% | -8.61% |
Max Drawdown (3Y)Largest decline over 3 years | -19.34% | -0.25% | -19.09% |
Max Drawdown (5Y)Largest decline over 5 years | -24.72% | -1.19% | -23.53% |
Current DrawdownCurrent decline from peak | -0.22% | 0.00% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -0.16% | -4.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 0.02% | +1.86% |
Volatility
JUST vs. GSST - Volatility Comparison
Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST) has a higher volatility of 2.87% compared to Goldman Sachs Ultra Short Bond ETF (GSST) at 0.13%. This indicates that JUST's price experiences larger fluctuations and is considered to be riskier than GSST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JUST | GSST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 0.13% | +2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 9.09% | 0.41% | +8.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.88% | 0.58% | +11.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 0.63% | +16.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.11% | 0.86% | +18.25% |
JUST vs. GSST - Expense Ratio Comparison
JUST has a 0.20% expense ratio, which is higher than GSST's 0.16% 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. GSST - Dividend Comparison
JUST's dividend yield for the trailing twelve months is around 0.93%, less than GSST's 4.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GSST Goldman Sachs Ultra Short Bond ETF | 4.32% | 4.56% | 5.45% | 4.98% | 1.97% | 0.71% | 1.12% | 1.66% | 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 GSST have a correlation of 0.14, 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 GSST (0.13%). In terms of maximum drawdown, JUST dropped -33.83% vs GSST's -3.51%.
On 5-year performance, JUST leads with 13.36% vs 3.75% for GSST. On fees, GSST is cheaper at 0.16% per year. On volatility, GSST has been the lower-risk option at 0.13%. 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 3.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSST is cheaper with a 0.16% expense ratio, compared with 0.20% for JUST.
GSST has the higher dividend yield at 4.32%, compared with 0.93% for JUST.
JUST is categorized as Large Cap Growth Equities, while GSST is Ultrashort Bond. Their fees differ too: 0.20% for JUST and 0.16% for GSST.
GSST currently has the higher Sharpe Ratio (7.93 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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