JUST vs. SPIT
JUST (Goldman Sachs JUST U.S. Large Cap Equity ETF) and SPIT (F/m Emerald Special Situations ETF) are both Large Cap Growth Equities funds. JUST is passively managed, while SPIT is actively managed. A 0.75 correlation means they provide meaningful diversification when combined. JUST charges 0.20%/yr vs 0.89%/yr for SPIT.
Performance
JUST vs. SPIT - Performance Comparison
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Returns By Period
In the year-to-date period, JUST achieves a 10.86% return, which is significantly lower than SPIT's 29.38% return.
JUST
- 1D
- -0.21%
- 1M
- 1.15%
- 6M
- 9.61%
- YTD
- 10.86%
- 1Y
- 22.02%
- 3Y*
- 20.97%
- 5Y*
- 12.31%
- 10Y*
- —
SPIT
- 1D
- -0.73%
- 1M
- 5.43%
- 6M
- 22.94%
- YTD
- 29.38%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JUST vs. SPIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF | 10.86% | 2.80% |
SPIT F/m Emerald Special Situations ETF | 29.38% | 5.31% |
Correlation
The correlation between JUST and SPIT is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 6, 2025 | 0.75 |
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Return for Risk
JUST vs. SPIT — Risk / Return Rank
JUST
SPIT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JUST vs. SPIT - 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 F/m Emerald Special Situations ETF (SPIT). 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 | SPIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.32 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | — | — |
| Martin ratioReturn relative to average drawdown | 11.07 | — | — |
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Drawdowns
JUST vs. SPIT - Drawdown Comparison
The maximum JUST drawdown since its inception was -33.83%, which is greater than SPIT's maximum drawdown of -12.49%. Use the drawdown chart below to compare losses from any high point for JUST and SPIT.
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Drawdown Indicators
| JUST | SPIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.83% | -12.49% | -21.34% |
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 DrawdownCurrent decline from peak | -1.44% | -3.89% | +2.45% |
Average DrawdownAverage peak-to-trough decline | -5.07% | -2.49% | -2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | — | — |
Volatility
JUST vs. SPIT - Volatility Comparison
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Volatility by Period
| JUST | SPIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.87% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.41% | 26.38% | -13.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 26.38% | -9.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.07% | 26.38% | -7.31% |
JUST vs. SPIT - Expense Ratio Comparison
JUST has a 0.20% expense ratio, which is lower than SPIT's 0.89% expense ratio.
Dividends
JUST vs. SPIT - Dividend Comparison
JUST's dividend yield for the trailing twelve months is around 0.96%, less than SPIT's 5.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
SPIT F/m Emerald Special Situations ETF | 5.55% | 7.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JUST and SPIT have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
JUST is cheaper with a 0.20% expense ratio, compared with 0.89% for SPIT.
SPIT has the higher dividend yield at 5.55%, compared with 0.96% for JUST.
They also come from different issuers: Goldman Sachs and F/m Investments. Their fees differ too: 0.20% for JUST and 0.89% for SPIT.
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