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JUST vs. ITOT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JUST vs. ITOT

Last updated Jun 19, 2026

JUST (Goldman Sachs JUST U.S. Large Cap Equity ETF) and ITOT (iShares Core S&P Total U.S. Stock Market ETF) are both exchange-traded funds - JUST is a Large Cap Growth Equities fund tracking the JUST US Large Cap Diversified Index, while ITOT is a Large Cap Blend Equities fund tracking the S&P Total Market Index. Both are passively managed. Over the past 5 years, JUST returned 13.44%/yr vs 12.87%/yr for ITOT. With a 0.98 correlation, they move nearly in lockstep. JUST charges 0.20%/yr vs 0.03%/yr for ITOT.

Performance

JUST vs. ITOT - 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 Core S&P Total U.S. Stock Market ETF (ITOT). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with JUST having a 11.11% return and ITOT slightly lower at 10.73%.

JUST

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

ITOT

1D
1.08%
1M
2.74%
YTD
10.73%
6M
11.73%
1Y
27.23%
3Y*
20.65%
5Y*
12.87%
10Y*
15.03%
*Multi-year figures are annualized to reflect compound growth (CAGR)

JUST vs. ITOT - 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%
ITOT
iShares Core S&P Total U.S. Stock Market ETF		10.73%17.00%23.80%26.12%-19.47%25.68%20.71%30.67%-10.33%

Correlation

The correlation between JUST and ITOT is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

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

0.98

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

0.98

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

0.98

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

0.98

The correlation between JUST and ITOT has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

JUST vs. ITOT - Sectors Allocation Comparison

Sectors
JUST
ITOT

Technology

37.9%
37.2%

Financial Services

12.2%
11.4%

Consumer Cyclical

9.1%
9.8%

Healthcare

8.8%
8.8%

Communication Services

8.4%
9.8%

Industrials

8.1%
9.1%

Consumer Defensive

5.2%
4.3%

Energy

3.5%
3.3%

Utilities

2.5%
2.1%

Basic Materials

2.1%
2.0%

Real Estate

2.0%
2.3%

Technology

JUST
37.9%
ITOT
37.2%

Financial Services

JUST
12.2%
ITOT
11.4%

Consumer Cyclical

JUST
9.1%
ITOT
9.8%

Healthcare

JUST
8.8%
ITOT
8.8%

Communication Services

JUST
8.4%
ITOT
9.8%

Industrials

JUST
8.1%
ITOT
9.1%

Consumer Defensive

JUST
5.2%
ITOT
4.3%

Energy

JUST
3.5%
ITOT
3.3%

Utilities

JUST
2.5%
ITOT
2.1%

Basic Materials

JUST
2.1%
ITOT
2.0%

Real Estate

JUST
2.0%
ITOT
2.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Goldman Sachs JUST U.S. Large Cap Equity ETF

iShares Core S&P Total U.S. Stock Market ETF

Often compared with JUST:
JUST vs. CATHJUST vs. VOOJUST vs. ESGVJUST vs. ESGUJUST vs. QUALJUST vs. GSJUST vs. VUG
Often compared with ITOT:
ITOT vs. VTIITOT vs. VOOITOT vs. SCHBITOT vs. SPYITOT vs. FSKAXITOT vs. IVVITOT vs. IXUS

Return for Risk

JUST vs. ITOT — 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
ITOT
ITOT Risk / Return Rank: 7171
Overall Rank
ITOT Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
ITOT Sortino Ratio Rank: 6868
Sortino Ratio Rank
ITOT Omega Ratio Rank: 7070
Omega Ratio Rank
ITOT Calmar Ratio Rank: 6666
Calmar Ratio Rank
ITOT Martin Ratio Rank: 7777
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. ITOT - 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 Core S&P Total U.S. Stock Market ETF (ITOT). 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.

JUSTITOTDifference
Sharpe ratioReturn per unit of total volatility
2.25
2.14

+0.11

Sortino ratioReturn per unit of downside risk
3.07
2.89

+0.18

Omega ratioGain probability vs. loss probability

1.40

1.38

+0.02

Calmar ratioReturn relative to maximum drawdown

3.19

3.07

+0.12

Martin ratioReturn relative to average drawdown

14.38

13.70

+0.68

JUST vs. ITOT - Sharpe Ratio Comparison

The current JUST Sharpe Ratio is 2.25, which is comparable to the ITOT Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of JUST and ITOT, 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. ITOT - Drawdown Comparison

The maximum JUST drawdown since its inception was -33.83%, smaller than the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for JUST and ITOT.

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Drawdown Indicators

JUSTITOTDifference

Max Drawdown

Largest peak-to-trough decline

-33.83%

-55.20%

+21.37%

Max Drawdown (1Y)

Largest decline over 1 year

-8.76%

-8.90%

+0.14%

Max Drawdown (3Y)

Largest decline over 3 years

-19.34%

-19.44%

+0.10%

Max Drawdown (5Y)

Largest decline over 5 years

-24.72%

-25.36%

+0.64%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.00%

—

Current Drawdown

Current decline from peak

-1.21%

-1.19%

-0.02%

Average Drawdown

Average peak-to-trough decline

-5.09%

-6.96%

+1.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.94%

1.99%

-0.05%

Volatility

JUST vs. ITOT - Volatility Comparison

The current volatility for Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST) is 4.55%, while iShares Core S&P Total U.S. Stock Market ETF (ITOT) has a volatility of 4.87%. This indicates that JUST experiences smaller price fluctuations and is considered to be less risky than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JUSTITOTDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.55%

4.87%

-0.32%

Volatility (6M)

Calculated over the trailing 6-month period

9.87%

10.04%

-0.17%

Volatility (1Y)

Calculated over the trailing 1-year period

12.42%

12.78%

-0.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.87%

17.45%

-0.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.12%

18.31%

+0.81%

JUST vs. ITOT - Expense Ratio Comparison

JUST has a 0.20% expense ratio, which is higher than ITOT's 0.03% 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. ITOT - Dividend Comparison

JUST's dividend yield for the trailing twelve months is around 0.94%, less than ITOT's 1.00% yield.

PositionTTM20252024202320222021202020192018201720162015
ITOT
iShares Core S&P Total U.S. Stock Market ETF		1.00%1.11%1.23%1.47%1.66%1.18%1.41%1.88%2.14%1.69%1.83%2.01%
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 0.98, JUST and ITOT 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.

ITOT has higher volatility (4.87%) compared to JUST (4.55%). In terms of maximum drawdown, JUST dropped -33.83% vs ITOT's -55.20%.

On 5-year performance, JUST leads with 13.44% vs 12.87% for ITOT. On fees, ITOT is cheaper at 0.03% 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, JUST has performed better with a 13.44% return vs 12.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ITOT is cheaper with a 0.03% expense ratio, compared with 0.20% for JUST.

ITOT has the higher dividend yield at 1.00%, compared with 0.94% for JUST.

JUST is categorized as Large Cap Growth Equities, while ITOT is Large Cap Blend Equities. JUST tracks JUST US Large Cap Diversified Index, while ITOT tracks S&P Total Market Index. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.20% for JUST and 0.03% for ITOT.

JUST currently has the higher Sharpe Ratio (2.25 vs 2.14), 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.

Portfolio Optimizer

Find the right allocation for JUST and ITOT

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