JUST vs. MAGA

Last updated Jul 30, 2026

JUST (Goldman Sachs JUST U.S. Large Cap Equity ETF) and MAGA (Point Bridge GOP Stock Tracker ETF) are both exchange-traded funds - JUST is a Large Cap Growth Equities fund tracking the JUST US Large Cap Diversified Index, while MAGA is a Large Cap Blend Equities fund tracking the Point Bridge GOP Stock Tracker Index. Both are passively managed. Their 1.00 correlation means they have historically moved very closely together. JUST charges 0.20%/yr vs 0.72%/yr for MAGA.

Performance

JUST vs. MAGA - 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 Point Bridge GOP Stock Tracker ETF (MAGA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JUST

• 1D: -1.57%
• 1M: -0.90%
• 6M: 6.94%
• YTD: 9.11%
• 1Y: 17.70%
• 3Y*: 18.62%
• 5Y*: 11.88%
• 10Y*: —
• ALL TIME*: 14.12%

MAGA

• 1D: -0.91%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF	$448.00K	$561.81K	$747.11K
MAGA Point Bridge GOP Stock Tracker ETF	$57.05K	$57.05K	$57.05K

JUST vs. MAGA - Yearly Performance Comparison

	2026 (YTD)
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF	-1.12%
MAGA Point Bridge GOP Stock Tracker ETF	-0.07%

Correlation

The correlation between JUST and MAGA is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 27, 2026	1.00

JUST vs. MAGA - Sectors Allocation Comparison

Sectors	JUST	MAGA
Technology	38.1%	3.0%
Financial Services	13.1%	8.5%
Healthcare	9.3%	6.8%
Consumer Cyclical	8.7%	14.3%
Industrials	8.5%	23.9%
Communication Services	7.4%	-
Consumer Defensive	5.0%	4.9%
Energy	3.6%	14.0%
Utilities	2.1%	9.8%
Real Estate	2.1%	2.8%
Basic Materials	2.0%	11.1%

Return for Risk

JUST vs. MAGA — Risk / Return Rank

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

JUST

JUST Risk / Return Rank: 62
JUST Sharpe Ratio Rank: 61
JUST Sortino Ratio Rank: 59
JUST Omega Ratio Rank: 59
JUST Calmar Ratio Rank: 59
JUST Martin Ratio Rank: 72

MAGA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. MAGA - 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 Point Bridge GOP Stock Tracker ETF (MAGA). 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	MAGA	Difference
Sharpe ratio: Return per unit of total volatility	1.41	—	—
Sortino ratio: Return per unit of downside risk	1.99	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	2.03	—	—
Martin ratio: Return relative to average drawdown	8.78	—	—

Drawdowns

JUST vs. MAGA - Drawdown Comparison

The maximum JUST drawdown since its inception was -33.83%, which is greater than MAGA's maximum drawdown of -0.91%. Use the drawdown chart below to compare losses from any high point for JUST and MAGA.

Drawdown Indicators

	JUST	MAGA	Difference
Max Drawdown Largest peak-to-trough decline	-33.83%	-0.91%	-32.92%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.34%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.72%	—	—
Current Drawdown Current decline from peak	-2.99%	-0.91%	-2.08%
Average Drawdown Average peak-to-trough decline	-5.04%	-0.30%	-4.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	—	—

Volatility

Volatility by Period

	JUST	MAGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.63%	14.02%	-1.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.86%	14.02%	+2.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.03%	14.02%	+5.01%

JUST vs. MAGA - Expense Ratio Comparison

JUST has a 0.20% expense ratio, which is lower than MAGA's 0.72% expense ratio.

Dividends

JUST vs. MAGA - Dividend Comparison

JUST's dividend yield for the trailing twelve months is around 0.97%, while MAGA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF	0.97%	1.02%	1.11%	1.37%	1.51%	1.07%	1.36%	1.86%	1.11%
MAGA Point Bridge GOP Stock Tracker ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JUST and MAGA in my portfolio?

With a correlation of 1.00, JUST and MAGA 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.

Which ETF is better, JUST or MAGA?

On fees, JUST is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JUST or MAGA?

JUST is cheaper with a 0.20% expense ratio, compared with 0.72% for MAGA.

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

JUST has the higher dividend yield at 0.97%, compared with 0.00% for MAGA.

What is the main difference between JUST and MAGA?

JUST is categorized as Large Cap Growth Equities, while MAGA is Large Cap Blend Equities. JUST tracks JUST US Large Cap Diversified Index, while MAGA tracks Point Bridge GOP Stock Tracker Index. They also come from different issuers: Goldman Sachs and Point Bridge Capital. Their fees differ too: 0.20% for JUST and 0.72% for MAGA.