JUST vs. VOO
Compare and contrast key facts about Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST) and Vanguard S&P 500 ETF (VOO).
JUST and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JUST is a passively managed fund by Goldman Sachs that tracks the performance of the JUST US Large Cap Diversified Index. It was launched on Jun 7, 2018. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both JUST and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
JUST vs. VOO - Performance Comparison
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JUST vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF | -4.08% | 17.60% | 23.73% | 24.86% | -17.88% | 26.89% | 19.59% | 31.54% | -9.62% |
VOO Vanguard S&P 500 ETF | -4.42% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -8.67% |
Returns By Period
In the year-to-date period, JUST achieves a -4.08% return, which is significantly higher than VOO's -4.42% return.
JUST
- 1D
- 2.89%
- 1M
- -4.66%
- YTD
- -4.08%
- 6M
- -0.85%
- 1Y
- 17.59%
- 3Y*
- 17.81%
- 5Y*
- 11.04%
- 10Y*
- —
VOO
- 1D
- 2.86%
- 1M
- -5.01%
- YTD
- -4.42%
- 6M
- -1.84%
- 1Y
- 17.67%
- 3Y*
- 18.27%
- 5Y*
- 11.75%
- 10Y*
- 14.05%
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JUST vs. VOO - Expense Ratio Comparison
JUST has a 0.20% expense ratio, which is higher than VOO's 0.03% 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%.
Return for Risk
JUST vs. VOO — Risk / Return Rank
JUST
VOO
JUST vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 0.98 | -0.01 |
Sortino ratioReturn per unit of downside risk | 1.48 | 1.50 | -0.01 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.53 | -0.07 |
Martin ratioReturn relative to average drawdown | 7.04 | 7.29 | -0.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JUST | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.98 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.70 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.83 | -0.16 |
Correlation
The correlation between JUST and VOO is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
JUST vs. VOO - Dividend Comparison
JUST's dividend yield for the trailing twelve months is around 1.08%, less than VOO's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF | 1.08% | 1.02% | 1.11% | 1.37% | 1.51% | 1.07% | 1.36% | 1.86% | 1.11% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
JUST vs. VOO - Drawdown Comparison
The maximum JUST drawdown since its inception was -33.83%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for JUST and VOO.
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Drawdown Indicators
| JUST | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.83% | -33.99% | +0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -12.44% | -11.98% | -0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -24.72% | -24.52% | -0.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -6.12% | -6.29% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -5.20% | -3.72% | -1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 2.52% | +0.07% |
Volatility
JUST vs. VOO - Volatility Comparison
Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST) and Vanguard S&P 500 ETF (VOO) have volatilities of 5.06% and 5.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JUST | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.06% | 5.29% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 9.46% | 9.44% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.28% | 18.10% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.77% | 16.82% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.24% | 17.99% | +1.25% |