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JUST vs. ILCG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JUST vs. ILCG

Last updated Jun 19, 2026

JUST (Goldman Sachs JUST U.S. Large Cap Equity ETF) and ILCG (iShares Morningstar Growth ETF) are both Large Cap Growth Equities funds - JUST tracks the JUST US Large Cap Diversified Index while ILCG tracks the Morningstar US Large-Mid Cap Broad Growth Index Gross. Both are passively managed. Over the past 5 years, JUST returned 13.44%/yr vs 14.04%/yr for ILCG. Their correlation of 0.92 suggests significant overlap in exposure. JUST charges 0.20%/yr vs 0.04%/yr for ILCG.

Performance

JUST vs. ILCG - 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 iShares Morningstar Growth ETF (ILCG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, JUST achieves a 11.11% return, which is significantly lower than ILCG's 12.79% return.

JUST

1D
1.07%
1M
2.31%
YTD
11.11%
6M
12.74%
1Y
27.82%
3Y*
20.91%
5Y*
13.44%
10Y*
—

ILCG

1D
1.95%
1M
3.25%
YTD
12.79%
6M
14.48%
1Y
26.94%
3Y*
24.69%
5Y*
14.04%
10Y*
18.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

JUST vs. ILCG - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
JUST
Goldman Sachs JUST U.S. Large Cap Equity ETF		11.11%17.60%23.73%24.86%-17.88%26.89%19.59%31.54%-9.96%
ILCG
iShares Morningstar Growth ETF		12.79%16.71%32.82%40.41%-31.75%24.33%38.56%33.22%-10.35%

Correlation

The correlation between JUST and ILCG is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.91

Correlation (3Y)
Calculated over the trailing 3-year period

0.92

Correlation (5Y)
Calculated over the trailing 5-year period

0.94

Correlation (All Time)
Calculated using the full available price history since Jun 13, 2018

0.92

The correlation between JUST and ILCG has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

JUST vs. ILCG - Sectors Allocation Comparison

Sectors
JUST
ILCG

Technology

37.9%
53.1%

Financial Services

12.2%
5.5%

Consumer Cyclical

9.1%
10.1%

Healthcare

8.8%
5.2%

Communication Services

8.4%
13.5%

Industrials

8.1%
7.7%

Consumer Defensive

5.2%
1.4%

Energy

3.5%
0.4%

Utilities

2.5%
0.7%

Basic Materials

2.1%
1.0%

Real Estate

2.0%
1.3%

Technology

JUST
37.9%
ILCG
53.1%

Financial Services

JUST
12.2%
ILCG
5.5%

Consumer Cyclical

JUST
9.1%
ILCG
10.1%

Healthcare

JUST
8.8%
ILCG
5.2%

Communication Services

JUST
8.4%
ILCG
13.5%

Industrials

JUST
8.1%
ILCG
7.7%

Consumer Defensive

JUST
5.2%
ILCG
1.4%

Energy

JUST
3.5%
ILCG
0.4%

Utilities

JUST
2.5%
ILCG
0.7%

Basic Materials

JUST
2.1%
ILCG
1.0%

Real Estate

JUST
2.0%
ILCG
1.3%

Compare stocks, funds, or ETFs

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Goldman Sachs JUST U.S. Large Cap Equity ETF

iShares Morningstar Growth ETF

Often compared with JUST:
JUST vs. CATHJUST vs. VOOJUST vs. ESGVJUST vs. ESGUJUST vs. QUALJUST vs. GSJUST vs. VUG
Often compared with ILCG:
ILCG vs. SCHGILCG vs. IUSGILCG vs. VUGILCG vs. QQQILCG vs. ILCBILCG vs. VOOILCG vs. MGK

Return for Risk

JUST vs. ILCG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JUST
JUST Risk / Return Rank: 7474
Overall Rank
JUST Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
JUST Sortino Ratio Rank: 7474
Sortino Ratio Rank
JUST Omega Ratio Rank: 7474
Omega Ratio Rank
JUST Calmar Ratio Rank: 6868
Calmar Ratio Rank
JUST Martin Ratio Rank: 7979
Martin Ratio Rank
ILCG
ILCG Risk / Return Rank: 4242
Overall Rank
ILCG Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
ILCG Sortino Ratio Rank: 4444
Sortino Ratio Rank
ILCG Omega Ratio Rank: 4444
Omega Ratio Rank
ILCG Calmar Ratio Rank: 3636
Calmar Ratio Rank
ILCG Martin Ratio Rank: 4040
Martin Ratio Rank
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. ILCG - 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 iShares Morningstar Growth ETF (ILCG). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

JUSTILCGDifference
Sharpe ratioReturn per unit of total volatility
2.25
1.55

+0.70

Sortino ratioReturn per unit of downside risk
3.07
2.09

+0.98

Omega ratioGain probability vs. loss probability

1.40

1.28

+0.13

Calmar ratioReturn relative to maximum drawdown

3.19

1.73

+1.46

Martin ratioReturn relative to average drawdown

14.38

5.97

+8.41

JUST vs. ILCG - Sharpe Ratio Comparison

The current JUST Sharpe Ratio is 2.25, which is higher than the ILCG Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of JUST and ILCG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

JUST vs. ILCG - Drawdown Comparison

The maximum JUST drawdown since its inception was -33.83%, smaller than the maximum ILCG drawdown of -52.98%. Use the drawdown chart below to compare losses from any high point for JUST and ILCG.

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Drawdown Indicators

JUSTILCGDifference

Max Drawdown

Largest peak-to-trough decline

-33.83%

-52.98%

+19.15%

Max Drawdown (1Y)

Largest decline over 1 year

-8.76%

-15.65%

+6.89%

Max Drawdown (3Y)

Largest decline over 3 years

-19.34%

-23.10%

+3.76%

Max Drawdown (5Y)

Largest decline over 5 years

-24.72%

-35.38%

+10.66%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.38%

—

Current Drawdown

Current decline from peak

-1.21%

-2.48%

+1.27%

Average Drawdown

Average peak-to-trough decline

-5.09%

-8.21%

+3.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.94%

4.53%

-2.59%

Volatility

JUST vs. ILCG - Volatility Comparison

The current volatility for Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST) is 4.55%, while iShares Morningstar Growth ETF (ILCG) has a volatility of 7.37%. This indicates that JUST experiences smaller price fluctuations and is considered to be less risky than ILCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JUSTILCGDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.55%

7.37%

-2.82%

Volatility (6M)

Calculated over the trailing 6-month period

9.87%

14.35%

-4.48%

Volatility (1Y)

Calculated over the trailing 1-year period

12.42%

17.46%

-5.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.87%

22.18%

-5.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.12%

21.62%

-2.50%

JUST vs. ILCG - Expense Ratio Comparison

JUST has a 0.20% expense ratio, which is higher than ILCG'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%.

Dividends

JUST vs. ILCG - Dividend Comparison

JUST's dividend yield for the trailing twelve months is around 0.94%, more than ILCG's 0.41% yield.

PositionTTM20252024202320222021202020192018201720162015
ILCG
iShares Morningstar Growth ETF		0.41%0.47%0.50%0.69%0.75%0.34%0.28%0.54%0.81%0.89%0.95%0.99%
JUST
Goldman Sachs JUST U.S. Large Cap Equity ETF		0.94%1.02%1.11%1.37%1.51%1.07%1.36%1.86%1.11%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.91, JUST and ILCG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

ILCG has higher volatility (7.37%) compared to JUST (4.55%). In terms of maximum drawdown, JUST dropped -33.83% vs ILCG's -52.98%.

On 5-year performance, ILCG leads with 14.04% vs 13.44% for JUST. On fees, ILCG is cheaper at 0.04% per year. On volatility, JUST has been the lower-risk option at 4.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, ILCG has performed better with a 14.04% return vs 13.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ILCG is cheaper with a 0.04% expense ratio, compared with 0.20% for JUST.

JUST has the higher dividend yield at 0.94%, compared with 0.41% for ILCG.

JUST tracks JUST US Large Cap Diversified Index, while ILCG tracks Morningstar US Large-Mid Cap Broad Growth Index Gross. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.20% for JUST and 0.04% for ILCG.

JUST currently has the higher Sharpe Ratio (2.25 vs 1.55), 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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