JUST vs. QQQI

Last updated Jun 5, 2026

JUST (Goldman Sachs JUST U.S. Large Cap Equity ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both exchange-traded funds - JUST is a Large Cap Growth Equities fund tracking the JUST US Large Cap Diversified Index, while QQQI is a Nasdaq-100 fund actively managed by Neos. JUST is passively managed, while QQQI is actively managed. Over the past year, JUST returned 29.54% vs 29.68% for QQQI. Their correlation of 0.92 suggests significant overlap in exposure. JUST charges 0.20%/yr vs 0.68%/yr for QQQI.

Performance

JUST vs. QQQI - 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 NEOS Nasdaq-100 High Income ETF (QQQI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JUST achieves a 12.23% return, which is significantly lower than QQQI's 13.04% return.

JUST

• 1D: 0.53%
• 1M: 4.51%
• YTD: 12.23%
• 6M: 12.64%
• 1Y: 29.54%
• 3Y*: 22.47%
• 5Y*: 13.36%
• 10Y*: —

QQQI

• 1D: -0.35%
• 1M: 5.60%
• YTD: 13.04%
• 6M: 12.57%
• 1Y: 29.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JUST vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF	12.23%	17.60%	19.67%
QQQI NEOS Nasdaq-100 High Income ETF	13.04%	18.62%	19.83%

Correlation

The correlation between JUST and QQQI is 0.92, 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	0.92
Correlation (All Time) Calculated using the full available price history since Jan 31, 2024	0.92

The correlation between JUST and QQQI has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.

JUST vs. QQQI - Sectors Allocation Comparison

Sectors	JUST	QQQI
Technology	35.8%	53.3%
Financial Services	12.5%	0.3%
Consumer Cyclical	9.8%	12.1%
Communication Services	9.3%	15.7%
Healthcare	8.6%	4.3%
Industrials	8.6%	3.3%
Consumer Defensive	5.5%	7.7%
Energy	3.6%	0.7%
Utilities	2.2%	1.5%
Real Estate	2.2%	0.1%
Basic Materials	2.2%	1.2%

Return for Risk

JUST vs. QQQI — Risk / Return Rank

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

JUST

JUST Risk / Return Rank: 76
JUST Sharpe Ratio Rank: 78
JUST Sortino Ratio Rank: 78
JUST Omega Ratio Rank: 76
JUST Calmar Ratio Rank: 69
JUST Martin Ratio Rank: 81

QQQI

QQQI Risk / Return Rank: 70
QQQI Sharpe Ratio Rank: 72
QQQI Sortino Ratio Rank: 68
QQQI Omega Ratio Rank: 72
QQQI Calmar Ratio Rank: 63
QQQI Martin Ratio Rank: 74

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. QQQI - 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 NEOS Nasdaq-100 High Income ETF (QQQI). 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	QQQI	Difference
Sharpe ratio: Return per unit of total volatility	2.50	2.30	+0.20
Sortino ratio: Return per unit of downside risk	3.43	3.05	+0.38
Omega ratio: Gain probability vs. loss probability	1.45	1.42	+0.03
Calmar ratio: Return relative to maximum drawdown	3.39	3.10	+0.29
Martin ratio: Return relative to average drawdown	15.75	13.93	+1.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JUST vs. QQQI - Sharpe Ratio Comparison

The current JUST Sharpe Ratio is 2.50, which is comparable to the QQQI Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of JUST and QQQI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JUST	QQQI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	2.30	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	1.32	-0.54

Drawdowns

JUST vs. QQQI - Drawdown Comparison

The maximum JUST drawdown since its inception was -33.83%, which is greater than QQQI's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for JUST and QQQI.

Drawdown Indicators

	JUST	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	-33.83%	-20.00%	-13.83%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-9.61%	+0.85%
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	-0.22%	-0.52%	+0.30%
Average Drawdown Average peak-to-trough decline	-5.10%	-2.19%	-2.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	2.14%	-0.26%

Volatility

JUST vs. QQQI - Volatility Comparison

Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST) has a higher volatility of 2.87% compared to NEOS Nasdaq-100 High Income ETF (QQQI) at 2.69%. This indicates that JUST's price experiences larger fluctuations and is considered to be riskier than QQQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JUST	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	2.69%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	9.09%	9.85%	-0.76%
Volatility (1Y) Calculated over the trailing 1-year period	11.88%	12.98%	-1.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.78%	17.05%	-0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.11%	17.05%	+2.06%

JUST vs. QQQI - Expense Ratio Comparison

JUST has a 0.20% expense ratio, which is lower than QQQI's 0.68% expense ratio.

Dividends

JUST vs. QQQI - Dividend Comparison

JUST's dividend yield for the trailing twelve months is around 0.93%, less than QQQI's 13.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
QQQI NEOS Nasdaq-100 High Income ETF	13.24%	13.82%	12.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JUST and QQQI in my portfolio?

With a correlation of 0.92, JUST and QQQI 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 is riskier, JUST or QQQI?

JUST has higher volatility (2.87%) compared to QQQI (2.69%). In terms of maximum drawdown, JUST dropped -33.83% vs QQQI's -20.00%.

Which ETF is better, JUST or QQQI?

On 1-year performance, QQQI leads with 29.68% vs 29.54% for JUST. On fees, JUST is cheaper at 0.20% per year. On volatility, QQQI has been the lower-risk option at 2.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JUST or QQQI?

Over the 1-year period, QQQI has performed better with a 29.68% return vs 29.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JUST or QQQI?

JUST is cheaper with a 0.20% expense ratio, compared with 0.68% for QQQI.

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

QQQI has the higher dividend yield at 13.24%, compared with 0.93% for JUST.

What is the main difference between JUST and QQQI?

JUST is categorized as Large Cap Growth Equities, while QQQI is Nasdaq-100. They also come from different issuers: Goldman Sachs and Neos. Their fees differ too: 0.20% for JUST and 0.68% for QQQI.

Which has better risk-adjusted returns?

JUST currently has the higher Sharpe Ratio (2.50 vs 2.30), 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.