JUST vs. RFDA

Last updated Jul 9, 2026

JUST (Goldman Sachs JUST U.S. Large Cap Equity ETF) and RFDA (RiverFront Dynamic US Dividend Advantage ETF) are both Large Cap Growth Equities funds. JUST is passively managed, while RFDA is actively managed. Over the past 5 years, JUST returned 12.31%/yr vs 12.66%/yr for RFDA. Their correlation of 0.92 suggests significant overlap in exposure. JUST charges 0.20%/yr vs 0.52%/yr for RFDA.

Performance

JUST vs. RFDA - 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 RiverFront Dynamic US Dividend Advantage ETF (RFDA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JUST achieves a 10.86% return, which is significantly lower than RFDA's 12.62% return.

JUST

• 1D: -0.21%
• 1M: 1.15%
• 6M: 9.61%
• YTD: 10.86%
• 1Y: 22.02%
• 3Y*: 20.97%
• 5Y*: 12.31%
• 10Y*: —

RFDA

• 1D: -0.79%
• 1M: 1.54%
• 6M: 12.56%
• YTD: 12.62%
• 1Y: 23.81%
• 3Y*: 18.63%
• 5Y*: 12.66%
• 10Y*: 13.39%

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

JUST vs. RFDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF	10.86%	17.60%	23.73%	24.86%	-17.88%	26.89%	19.59%	31.54%	-9.96%
RFDA RiverFront Dynamic US Dividend Advantage ETF	12.62%	16.42%	20.12%	16.98%	-8.58%	25.94%	11.26%	27.15%	-14.09%

Correlation

The correlation between JUST and RFDA is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jun 13, 2018	0.92

The correlation between JUST and RFDA shifts across timeframes, from 0.79 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.

JUST vs. RFDA - Sectors Allocation Comparison

Sectors	JUST	RFDA
Technology	37.6%	21.1%
Financial Services	12.7%	14.4%
Healthcare	9.2%	9.7%
Consumer Cyclical	9.1%	7.4%
Industrials	8.3%	8.6%
Communication Services	8.1%	8.3%
Consumer Defensive	5.0%	7.0%
Energy	3.2%	11.7%
Utilities	2.6%	4.8%
Basic Materials	2.1%	1.9%
Real Estate	2.0%	4.9%

Return for Risk

JUST vs. RFDA — Risk / Return Rank

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

JUST

JUST Risk / Return Rank: 67
JUST Sharpe Ratio Rank: 67
JUST Sortino Ratio Rank: 67
JUST Omega Ratio Rank: 65
JUST Calmar Ratio Rank: 62
JUST Martin Ratio Rank: 74

RFDA

RFDA Risk / Return Rank: 84
RFDA Sharpe Ratio Rank: 80
RFDA Sortino Ratio Rank: 80
RFDA Omega Ratio Rank: 80
RFDA Calmar Ratio Rank: 90
RFDA Martin Ratio Rank: 89

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. RFDA - 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 RiverFront Dynamic US Dividend Advantage ETF (RFDA). 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	RFDA	Difference
Sharpe ratio: Return per unit of total volatility	1.78	2.06	-0.28
Sortino ratio: Return per unit of downside risk	2.48	2.86	-0.38
Omega ratio: Gain probability vs. loss probability	1.32	1.38	-0.06
Calmar ratio: Return relative to maximum drawdown	2.52	4.39	-1.87
Martin ratio: Return relative to average drawdown	11.07	15.57	-4.50

JUST vs. RFDA - Sharpe Ratio Comparison

The current JUST Sharpe Ratio is 1.78, which is comparable to the RFDA Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of JUST and RFDA, 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. RFDA - Drawdown Comparison

The maximum JUST drawdown since its inception was -33.83%, roughly equal to the maximum RFDA drawdown of -34.60%. Use the drawdown chart below to compare losses from any high point for JUST and RFDA.

Drawdown Indicators

	JUST	RFDA	Difference
Max Drawdown Largest peak-to-trough decline	-33.83%	-34.60%	+0.77%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-5.45%	-3.31%
Max Drawdown (3Y) Largest decline over 3 years	-19.34%	-19.35%	+0.01%
Max Drawdown (5Y) Largest decline over 5 years	-24.72%	-19.35%	-5.37%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.60%	—
Current Drawdown Current decline from peak	-1.44%	-0.79%	-0.65%
Average Drawdown Average peak-to-trough decline	-5.07%	-3.72%	-1.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	1.53%	+0.46%

Volatility

JUST vs. RFDA - Volatility Comparison

Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST) has a higher volatility of 3.97% compared to RiverFront Dynamic US Dividend Advantage ETF (RFDA) at 2.56%. This indicates that JUST's price experiences larger fluctuations and is considered to be riskier than RFDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JUST	RFDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	2.56%	+1.41%
Volatility (6M) Calculated over the trailing 6-month period	9.87%	8.79%	+1.08%
Volatility (1Y) Calculated over the trailing 1-year period	12.41%	11.59%	+0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.87%	15.75%	+1.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.07%	16.84%	+2.23%

JUST vs. RFDA - Expense Ratio Comparison

JUST has a 0.20% expense ratio, which is lower than RFDA's 0.52% expense ratio.

Dividends

JUST vs. RFDA - Dividend Comparison

JUST's dividend yield for the trailing twelve months is around 0.96%, less than RFDA's 1.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF	0.96%	1.02%	1.11%	1.37%	1.51%	1.07%	1.36%	1.86%	1.11%	0.00%	0.00%
RFDA RiverFront Dynamic US Dividend Advantage ETF	1.77%	1.89%	2.23%	2.68%	3.57%	1.44%	1.62%	1.87%	2.44%	1.90%	0.98%

Frequently Asked Questions

Can I hold both JUST and RFDA in my portfolio?

JUST and RFDA have a correlation of 0.79, 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 RFDA?

JUST has higher volatility (3.97%) compared to RFDA (2.56%). In terms of maximum drawdown, JUST dropped -33.83% vs RFDA's -34.60%.

Which ETF is better, JUST or RFDA?

On 5-year performance, RFDA leads with 12.66% vs 12.31% for JUST. On fees, JUST is cheaper at 0.20% per year. On volatility, RFDA has been the lower-risk option at 2.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JUST or RFDA?

Over the 5-year period, RFDA has performed better with a 12.66% return vs 12.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JUST or RFDA?

JUST is cheaper with a 0.20% expense ratio, compared with 0.52% for RFDA.

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

RFDA has the higher dividend yield at 1.77%, compared with 0.96% for JUST.

What is the main difference between JUST and RFDA?

They also come from different issuers: Goldman Sachs and SS&C. Their fees differ too: 0.20% for JUST and 0.52% for RFDA.

Which has better risk-adjusted returns?

RFDA currently has the higher Sharpe Ratio (2.06 vs 1.78), 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.