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JUST vs. RPG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JUST vs. RPG

Last updated Jun 19, 2026

JUST (Goldman Sachs JUST U.S. Large Cap Equity ETF) and RPG (Invesco S&P 500 Pure Growth ETF) are both Large Cap Growth Equities funds - JUST tracks the JUST US Large Cap Diversified Index while RPG tracks the S&P 500/Citigroup Pure Growth Index. Both are passively managed. Over the past 5 years, JUST returned 13.44%/yr vs 12.97%/yr for RPG. Their correlation of 0.88 suggests significant overlap in exposure. JUST charges 0.20%/yr vs 0.35%/yr for RPG.

Performance

JUST vs. RPG - 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 Invesco S&P 500 Pure Growth ETF (RPG). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, JUST achieves a 11.11% return, which is significantly lower than RPG's 34.49% return.

JUST

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

RPG

1D
2.65%
1M
12.90%
YTD
34.49%
6M
34.84%
1Y
45.07%
3Y*
28.19%
5Y*
12.97%
10Y*
15.20%
*Multi-year figures are annualized to reflect compound growth (CAGR)

JUST vs. RPG - 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%
RPG
Invesco S&P 500 Pure Growth ETF		34.49%13.41%28.23%8.04%-27.55%29.40%29.34%28.34%-16.04%

Correlation

The correlation between JUST and RPG is 0.83, 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

0.83

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

0.85

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

0.87

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

0.88

The correlation between JUST and RPG has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.

JUST vs. RPG - Sectors Allocation Comparison

Sectors
JUST
RPG

Technology

37.9%
45.1%

Financial Services

12.2%
5.2%

Consumer Cyclical

9.1%
14.9%

Healthcare

8.8%
6.7%

Communication Services

8.4%
5.9%

Industrials

8.1%
14.5%

Consumer Defensive

5.2%
1.1%

Energy

3.5%
1.8%

Utilities

2.5%
2.6%

Basic Materials

2.1%
1.3%

Real Estate

2.0%
1.0%

Technology

JUST
37.9%
RPG
45.1%

Financial Services

JUST
12.2%
RPG
5.2%

Consumer Cyclical

JUST
9.1%
RPG
14.9%

Healthcare

JUST
8.8%
RPG
6.7%

Communication Services

JUST
8.4%
RPG
5.9%

Industrials

JUST
8.1%
RPG
14.5%

Consumer Defensive

JUST
5.2%
RPG
1.1%

Energy

JUST
3.5%
RPG
1.8%

Utilities

JUST
2.5%
RPG
2.6%

Basic Materials

JUST
2.1%
RPG
1.3%

Real Estate

JUST
2.0%
RPG
1.0%

Compare stocks, funds, or ETFs

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Goldman Sachs JUST U.S. Large Cap Equity ETF

Invesco S&P 500 Pure Growth ETF

Often compared with JUST:
JUST vs. CATHJUST vs. VOOJUST vs. ESGVJUST vs. ESGUJUST vs. QUALJUST vs. GSJUST vs. VUG
Often compared with RPG:
RPG vs. QQQRPG vs. SPGPRPG vs. SPYGRPG vs. VOORPG vs. VOOGRPG vs. SCHGRPG vs. RSP

Return for Risk

JUST vs. RPG — 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
RPG
RPG Risk / Return Rank: 7373
Overall Rank
RPG Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
RPG Sortino Ratio Rank: 6666
Sortino Ratio Rank
RPG Omega Ratio Rank: 6565
Omega Ratio Rank
RPG Calmar Ratio Rank: 8383
Calmar Ratio Rank
RPG Martin Ratio Rank: 8383
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. RPG - 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 Invesco S&P 500 Pure Growth ETF (RPG). 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.

JUSTRPGDifference
Sharpe ratioReturn per unit of total volatility
2.25
2.10

+0.15

Sortino ratioReturn per unit of downside risk
3.07
2.81

+0.26

Omega ratioGain probability vs. loss probability

1.40

1.37

+0.04

Calmar ratioReturn relative to maximum drawdown

3.19

4.09

-0.90

Martin ratioReturn relative to average drawdown

14.38

15.48

-1.10

JUST vs. RPG - Sharpe Ratio Comparison

The current JUST Sharpe Ratio is 2.25, which is comparable to the RPG Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of JUST and RPG, 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. RPG - Drawdown Comparison

The maximum JUST drawdown since its inception was -33.83%, smaller than the maximum RPG drawdown of -53.27%. Use the drawdown chart below to compare losses from any high point for JUST and RPG.

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Drawdown Indicators

JUSTRPGDifference

Max Drawdown

Largest peak-to-trough decline

-33.83%

-53.27%

+19.44%

Max Drawdown (1Y)

Largest decline over 1 year

-8.76%

-11.08%

+2.32%

Max Drawdown (3Y)

Largest decline over 3 years

-19.34%

-24.75%

+5.41%

Max Drawdown (5Y)

Largest decline over 5 years

-24.72%

-35.59%

+10.87%

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.58%

—

Current Drawdown

Current decline from peak

-1.21%

-0.19%

-1.02%

Average Drawdown

Average peak-to-trough decline

-5.09%

-8.83%

+3.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.94%

2.92%

-0.98%

Volatility

JUST vs. RPG - Volatility Comparison

The current volatility for Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST) is 4.55%, while Invesco S&P 500 Pure Growth ETF (RPG) has a volatility of 9.93%. This indicates that JUST experiences smaller price fluctuations and is considered to be less risky than RPG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JUSTRPGDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.55%

9.93%

-5.38%

Volatility (6M)

Calculated over the trailing 6-month period

9.87%

18.46%

-8.59%

Volatility (1Y)

Calculated over the trailing 1-year period

12.42%

21.52%

-9.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.87%

23.76%

-6.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.12%

22.87%

-3.75%

JUST vs. RPG - Expense Ratio Comparison

JUST has a 0.20% expense ratio, which is lower than RPG's 0.35% expense ratio.

Dividends

JUST vs. RPG - Dividend Comparison

JUST's dividend yield for the trailing twelve months is around 0.94%, more than RPG's 0.16% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
RPG
Invesco S&P 500 Pure Growth ETF		0.16%0.24%0.25%1.44%0.74%0.00%0.46%0.83%0.47%0.56%0.43%0.73%

Frequently Asked Questions

JUST and RPG have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RPG has higher volatility (9.93%) compared to JUST (4.55%). In terms of maximum drawdown, JUST dropped -33.83% vs RPG's -53.27%.

On 5-year performance, JUST leads with 13.44% vs 12.97% for RPG. On fees, JUST is cheaper at 0.20% 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 12.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

JUST is cheaper with a 0.20% expense ratio, compared with 0.35% for RPG.

JUST has the higher dividend yield at 0.94%, compared with 0.16% for RPG.

JUST tracks JUST US Large Cap Diversified Index, while RPG tracks S&P 500/Citigroup Pure Growth Index. They also come from different issuers: Goldman Sachs and Invesco. Their fees differ too: 0.20% for JUST and 0.35% for RPG.

JUST currently has the higher Sharpe Ratio (2.25 vs 2.10), 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.

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