JUST vs. SEIM

Last updated Jun 4, 2026

JUST (Goldman Sachs JUST U.S. Large Cap Equity ETF) and SEIM (SEI Enhanced US Large Cap Momentum Factor ETF) are both exchange-traded funds - JUST is a Large Cap Growth Equities fund tracking the JUST US Large Cap Diversified Index, while SEIM is a Momentum fund actively managed by SEI. JUST is passively managed, while SEIM is actively managed. Over the past 3 years, JUST returned 22.10%/yr vs 29.67%/yr for SEIM. Their correlation of 0.90 suggests significant overlap in exposure. JUST charges 0.20%/yr vs 0.15%/yr for SEIM.

Performance

JUST vs. SEIM - 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 SEI Enhanced US Large Cap Momentum Factor ETF (SEIM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JUST achieves a 11.64% return, which is significantly lower than SEIM's 18.91% return.

JUST

• 1D: -0.74%
• 1M: 4.90%
• YTD: 11.64%
• 6M: 11.94%
• 1Y: 29.04%
• 3Y*: 22.10%
• 5Y*: 13.24%
• 10Y*: —

SEIM

• 1D: -0.33%
• 1M: 7.63%
• YTD: 18.91%
• 6M: 20.91%
• 1Y: 36.91%
• 3Y*: 29.67%
• 5Y*: —
• 10Y*: —

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

JUST vs. SEIM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF	11.64%	17.60%	23.73%	24.86%	-0.08%
SEIM SEI Enhanced US Large Cap Momentum Factor ETF	18.91%	20.20%	39.12%	16.25%	-2.39%

Correlation

The correlation between JUST and SEIM is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (All Time) Calculated using the full available price history since May 19, 2022	0.90

The correlation between JUST and SEIM has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.

JUST vs. SEIM - Sectors Allocation Comparison

Sectors	JUST	SEIM
Technology	35.8%	29.5%
Financial Services	12.5%	8.1%
Consumer Cyclical	9.8%	7.2%
Communication Services	9.3%	4.4%
Healthcare	8.6%	9.5%
Industrials	8.6%	6.8%
Consumer Defensive	5.5%	7.9%
Energy	3.6%	11.8%
Utilities	2.2%	2.4%
Real Estate	2.2%	7.2%
Basic Materials	2.2%	4.7%

Return for Risk

JUST vs. SEIM — 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: 75
JUST Sortino Ratio Rank: 75
JUST Omega Ratio Rank: 73
JUST Calmar Ratio Rank: 67
JUST Martin Ratio Rank: 79

SEIM

SEIM Risk / Return Rank: 70
SEIM Sharpe Ratio Rank: 68
SEIM Sortino Ratio Rank: 66
SEIM Omega Ratio Rank: 65
SEIM Calmar Ratio Rank: 73
SEIM Martin Ratio Rank: 81

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. SEIM - 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 SEI Enhanced US Large Cap Momentum Factor ETF (SEIM). 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	SEIM	Difference
Sharpe ratio: Return per unit of total volatility	2.46	2.28	+0.18
Sortino ratio: Return per unit of downside risk	3.38	3.08	+0.30
Omega ratio: Gain probability vs. loss probability	1.44	1.40	+0.04
Calmar ratio: Return relative to maximum drawdown	3.33	3.68	-0.35
Martin ratio: Return relative to average drawdown	15.48	16.18	-0.70
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. SEIM - Sharpe Ratio Comparison

The current JUST Sharpe Ratio is 2.46, which is comparable to the SEIM Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of JUST and SEIM, 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	SEIM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	2.28	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	1.19	-0.41

Drawdowns

JUST vs. SEIM - Drawdown Comparison

The maximum JUST drawdown since its inception was -33.83%, which is greater than SEIM's maximum drawdown of -22.17%. Use the drawdown chart below to compare losses from any high point for JUST and SEIM.

Drawdown Indicators

	JUST	SEIM	Difference
Max Drawdown Largest peak-to-trough decline	-33.83%	-22.17%	-11.66%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-10.07%	+1.31%
Max Drawdown (3Y) Largest decline over 3 years	-19.34%	-22.17%	+2.83%
Max Drawdown (5Y) Largest decline over 5 years	-24.72%	—	—
Current Drawdown Current decline from peak	-0.74%	-0.33%	-0.41%
Average Drawdown Average peak-to-trough decline	-5.10%	-3.98%	-1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	2.29%	-0.41%

Volatility

JUST vs. SEIM - Volatility Comparison

The current volatility for Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST) is 2.94%, while SEI Enhanced US Large Cap Momentum Factor ETF (SEIM) has a volatility of 4.68%. This indicates that JUST experiences smaller price fluctuations and is considered to be less risky than SEIM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JUST	SEIM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	4.68%	-1.74%
Volatility (6M) Calculated over the trailing 6-month period	9.09%	13.33%	-4.24%
Volatility (1Y) Calculated over the trailing 1-year period	11.88%	16.28%	-4.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.78%	18.86%	-2.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.12%	18.86%	+0.26%

JUST vs. SEIM - Expense Ratio Comparison

JUST has a 0.20% expense ratio, which is higher than SEIM's 0.15% 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. SEIM - Dividend Comparison

JUST's dividend yield for the trailing twelve months is around 0.93%, more than SEIM's 0.52% 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%
SEIM SEI Enhanced US Large Cap Momentum Factor ETF	0.52%	0.56%	0.48%	0.89%	1.01%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JUST and SEIM in my portfolio?

JUST and SEIM have a correlation of 0.87, 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 SEIM?

SEIM has higher volatility (4.68%) compared to JUST (2.94%). In terms of maximum drawdown, JUST dropped -33.83% vs SEIM's -22.17%.

Which ETF is better, JUST or SEIM?

On 3-year performance, SEIM leads with 29.67% vs 22.10% for JUST. On fees, SEIM is cheaper at 0.15% per year. On volatility, JUST has been the lower-risk option at 2.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JUST or SEIM?

Over the 3-year period, SEIM has performed better with a 29.67% return vs 22.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JUST or SEIM?

SEIM is cheaper with a 0.15% expense ratio, compared with 0.20% for JUST.

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

JUST has the higher dividend yield at 0.93%, compared with 0.52% for SEIM.

What is the main difference between JUST and SEIM?

JUST is categorized as Large Cap Growth Equities, while SEIM is Momentum. They also come from different issuers: Goldman Sachs and SEI. Their fees differ too: 0.20% for JUST and 0.15% for SEIM.

Which has better risk-adjusted returns?

JUST currently has the higher Sharpe Ratio (2.46 vs 2.28), 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.