JUST vs. LGLV

Last updated Jun 19, 2026

JUST (Goldman Sachs JUST U.S. Large Cap Equity ETF) and LGLV (SPDR SSGA US Large Cap Low Volatility Index ETF) are both exchange-traded funds - JUST is a Large Cap Growth Equities fund tracking the JUST US Large Cap Diversified Index, while LGLV is a Volatility Hedged Equity fund tracking the SSGA US Large Cap Low Volatility (TR). Both are passively managed. Over the past 5 years, JUST returned 13.44%/yr vs 8.47%/yr for LGLV. A 0.76 correlation means they provide meaningful diversification when combined. JUST charges 0.20%/yr vs 0.12%/yr for LGLV.

Performance

JUST vs. LGLV - 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 SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JUST achieves a 11.11% return, which is significantly higher than LGLV's 1.96% return.

JUST

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

LGLV

• 1D: -0.26%
• 1M: -0.25%
• YTD: 1.96%
• 6M: 2.03%
• 1Y: 5.52%
• 3Y*: 10.51%
• 5Y*: 8.47%
• 10Y*: 11.07%

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

JUST vs. LGLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
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%
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF	1.96%	8.37%	16.22%	9.19%	-8.17%	27.95%	7.42%	30.83%	-1.93%

Correlation

The correlation between JUST and LGLV is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jun 13, 2018	0.76

Over the past year, the correlation between JUST and LGLV has dropped to 0.40 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

JUST vs. LGLV - Sectors Allocation Comparison

Sectors	JUST	LGLV
Technology	37.9%	9.4%
Financial Services	12.2%	9.9%
Consumer Cyclical	9.1%	9.1%
Healthcare	8.8%	7.1%
Communication Services	8.4%	4.3%
Industrials	8.1%	18.4%
Consumer Defensive	5.2%	5.8%
Energy	3.5%	3.5%
Utilities	2.5%	11.6%
Basic Materials	2.1%	3.5%
Real Estate	2.0%	17.6%

Return for Risk

JUST vs. LGLV — Risk / Return Rank

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

JUST

JUST Risk / Return Rank: 74
JUST Sharpe Ratio Rank: 76
JUST Sortino Ratio Rank: 74
JUST Omega Ratio Rank: 74
JUST Calmar Ratio Rank: 68
JUST Martin Ratio Rank: 79

LGLV

LGLV Risk / Return Rank: 17
LGLV Sharpe Ratio Rank: 18
LGLV Sortino Ratio Rank: 16
LGLV Omega Ratio Rank: 16
LGLV Calmar Ratio Rank: 19
LGLV Martin Ratio Rank: 17

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. LGLV - 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 SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV). 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.

	JUST	LGLV	Difference
Sharpe ratio: Return per unit of total volatility	2.25	0.58	+1.67
Sortino ratio: Return per unit of downside risk	3.07	0.90	+2.18
Omega ratio: Gain probability vs. loss probability	1.40	1.10	+0.30
Calmar ratio: Return relative to maximum drawdown	3.19	0.81	+2.38
Martin ratio: Return relative to average drawdown	14.38	1.94	+12.44

JUST vs. LGLV - Sharpe Ratio Comparison

The current JUST Sharpe Ratio is 2.25, which is higher than the LGLV Sharpe Ratio of 0.58. The chart below compares the historical Sharpe Ratios of JUST and LGLV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JUST vs. LGLV - Drawdown Comparison

The maximum JUST drawdown since its inception was -33.83%, smaller than the maximum LGLV drawdown of -36.64%. Use the drawdown chart below to compare losses from any high point for JUST and LGLV.

Drawdown Indicators

	JUST	LGLV	Difference
Max Drawdown Largest peak-to-trough decline	-33.83%	-36.64%	+2.81%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-6.86%	-1.90%
Max Drawdown (3Y) Largest decline over 3 years	-19.34%	-10.17%	-9.17%
Max Drawdown (5Y) Largest decline over 5 years	-24.72%	-17.49%	-7.23%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.64%	—
Current Drawdown Current decline from peak	-1.21%	-5.55%	+4.34%
Average Drawdown Average peak-to-trough decline	-5.09%	-3.22%	-1.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	2.86%	-0.92%

Volatility

JUST vs. LGLV - Volatility Comparison

Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST) has a higher volatility of 4.55% compared to SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) at 3.41%. This indicates that JUST's price experiences larger fluctuations and is considered to be riskier than LGLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JUST	LGLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	3.41%	+1.14%
Volatility (6M) Calculated over the trailing 6-month period	9.87%	6.96%	+2.91%
Volatility (1Y) Calculated over the trailing 1-year period	12.42%	9.54%	+2.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.87%	12.95%	+3.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.12%	16.08%	+3.04%

JUST vs. LGLV - Expense Ratio Comparison

JUST has a 0.20% expense ratio, which is higher than LGLV's 0.12% 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. LGLV - Dividend Comparison

JUST's dividend yield for the trailing twelve months is around 0.94%, less than LGLV's 2.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF	2.02%	1.94%	1.93%	2.03%	1.95%	1.65%	1.98%	1.89%	2.09%	4.39%	2.54%	2.97%

Frequently Asked Questions

Can I hold both JUST and LGLV in my portfolio?

JUST and LGLV have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JUST or LGLV?

JUST has higher volatility (4.55%) compared to LGLV (3.41%). In terms of maximum drawdown, JUST dropped -33.83% vs LGLV's -36.64%.

Which ETF is better, JUST or LGLV?

On 5-year performance, JUST leads with 13.44% vs 8.47% for LGLV. On fees, LGLV is cheaper at 0.12% per year. On volatility, LGLV has been the lower-risk option at 3.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JUST or LGLV?

Over the 5-year period, JUST has performed better with a 13.44% return vs 8.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JUST or LGLV?

LGLV is cheaper with a 0.12% expense ratio, compared with 0.20% for JUST.

Which ETF pays a higher dividend yield, JUST or LGLV?

LGLV has the higher dividend yield at 2.02%, compared with 0.94% for JUST.

What is the main difference between JUST and LGLV?

JUST is categorized as Large Cap Growth Equities, while LGLV is Volatility Hedged Equity. JUST tracks JUST US Large Cap Diversified Index, while LGLV tracks SSGA US Large Cap Low Volatility (TR). They also come from different issuers: Goldman Sachs and State Street. Their fees differ too: 0.20% for JUST and 0.12% for LGLV.

Which has better risk-adjusted returns?

JUST currently has the higher Sharpe Ratio (2.25 vs 0.58), 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.