JUST vs. VV

Last updated Jun 4, 2026

JUST (Goldman Sachs JUST U.S. Large Cap Equity ETF) and VV (Vanguard Large-Cap ETF) are both Large Cap Growth Equities funds - JUST tracks the JUST US Large Cap Diversified Index while VV tracks the CRSP US Large Cap Index. Both are passively managed. Over the past 5 years, JUST returned 13.24%/yr vs 13.54%/yr for VV. With a 0.98 correlation, they move nearly in lockstep. JUST charges 0.20%/yr vs 0.04%/yr for VV.

Performance

JUST vs. VV - 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 Vanguard Large-Cap ETF (VV). 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 higher than VV's 10.69% return.

JUST

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

VV

• 1D: -0.72%
• 1M: 5.19%
• YTD: 10.69%
• 6M: 10.54%
• 1Y: 27.77%
• 3Y*: 22.68%
• 5Y*: 13.54%
• 10Y*: 15.58%

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

JUST vs. VV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF	11.64%	17.60%	23.73%	24.86%	-17.88%	26.89%	19.59%	31.54%	-9.62%
VV Vanguard Large-Cap ETF	10.69%	18.11%	25.25%	27.18%	-19.91%	27.41%	21.04%	31.25%	-8.82%

Correlation

The correlation between JUST and VV is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jun 14, 2018	0.98

The correlation between JUST and VV has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

JUST vs. VV - Sectors Allocation Comparison

Sectors	JUST	VV
Technology	35.8%	35.9%
Financial Services	12.5%	11.8%
Consumer Cyclical	9.8%	9.8%
Communication Services	9.3%	11.2%
Healthcare	8.6%	8.6%
Industrials	8.6%	8.0%
Consumer Defensive	5.5%	4.8%
Energy	3.6%	3.6%
Utilities	2.2%	2.7%
Real Estate	2.2%	1.7%
Basic Materials	2.2%	1.6%

Return for Risk

JUST vs. VV — 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

VV

VV Risk / Return Rank: 67
VV Sharpe Ratio Rank: 69
VV Sortino Ratio Rank: 68
VV Omega Ratio Rank: 68
VV Calmar Ratio Rank: 60
VV Martin Ratio Rank: 72

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. VV - 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 Large-Cap ETF (VV). 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	VV	Difference
Sharpe ratio: Return per unit of total volatility	2.46	2.33	+0.13
Sortino ratio: Return per unit of downside risk	3.38	3.18	+0.19
Omega ratio: Gain probability vs. loss probability	1.44	1.42	+0.02
Calmar ratio: Return relative to maximum drawdown	3.33	3.03	+0.30
Martin ratio: Return relative to average drawdown	15.48	13.86	+1.63
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. VV - Sharpe Ratio Comparison

The current JUST Sharpe Ratio is 2.46, which is comparable to the VV Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of JUST and VV, 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	VV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	2.33	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.79	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.59	+0.18

Drawdowns

JUST vs. VV - Drawdown Comparison

The maximum JUST drawdown since its inception was -33.83%, smaller than the maximum VV drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for JUST and VV.

Drawdown Indicators

	JUST	VV	Difference
Max Drawdown Largest peak-to-trough decline	-33.83%	-54.81%	+20.98%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-9.21%	+0.45%
Max Drawdown (3Y) Largest decline over 3 years	-19.34%	-18.97%	-0.37%
Max Drawdown (5Y) Largest decline over 5 years	-24.72%	-25.66%	+0.94%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.28%	—
Current Drawdown Current decline from peak	-0.74%	-0.72%	-0.02%
Average Drawdown Average peak-to-trough decline	-5.10%	-6.84%	+1.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	2.01%	-0.13%

Volatility

JUST vs. VV - Volatility Comparison

Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST) and Vanguard Large-Cap ETF (VV) have volatilities of 2.94% and 2.84%, 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.

Volatility by Period

	JUST	VV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	2.84%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	9.09%	8.98%	+0.11%
Volatility (1Y) Calculated over the trailing 1-year period	11.88%	11.99%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.78%	17.22%	-0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.12%	18.19%	+0.93%

JUST vs. VV - Expense Ratio Comparison

JUST has a 0.20% expense ratio, which is higher than VV's 0.04% 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. VV - Dividend Comparison

JUST's dividend yield for the trailing twelve months is around 0.93%, less than VV's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%
VV Vanguard Large-Cap ETF	0.98%	1.08%	1.24%	1.41%	1.66%	1.19%	1.46%	1.81%	2.09%	1.75%	1.98%	1.96%

Frequently Asked Questions

Can I hold both JUST and VV in my portfolio?

With a correlation of 0.98, JUST and VV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JUST or VV?

JUST has higher volatility (2.94%) compared to VV (2.84%). In terms of maximum drawdown, JUST dropped -33.83% vs VV's -54.81%.

Which ETF is better, JUST or VV?

On 5-year performance, VV leads with 13.54% vs 13.24% for JUST. On fees, VV is cheaper at 0.04% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JUST or VV?

Over the 5-year period, VV has performed better with a 13.54% return vs 13.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JUST or VV?

VV is cheaper with a 0.04% expense ratio, compared with 0.20% for JUST.

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

VV has the higher dividend yield at 0.98%, compared with 0.93% for JUST.

What is the main difference between JUST and VV?

JUST tracks JUST US Large Cap Diversified Index, while VV tracks CRSP US Large Cap Index. They also come from different issuers: Goldman Sachs and Vanguard. Their fees differ too: 0.20% for JUST and 0.04% for VV.

Which has better risk-adjusted returns?

JUST currently has the higher Sharpe Ratio (2.46 vs 2.33), 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.