ENHU vs JUST
iShares Enhanced Large Cap Core Active ETF vs Goldman Sachs JUST US Large Cap Equity ETF
Which is better, ENHU or JUST?
Nearly the same fund. JUST costs less.
JUST has a lower expense ratio. JUST led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. ENHU is less concentrated, with 38.2% of the fund in its ten largest positions against 41.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ENHU | JUST |
|---|---|---|
| Expense Ratio | 0.22% | 0.20%Best |
| AUM | $9M | $543M |
| Dividend Yield | 0.74% | 0.93% |
| Holdings | 708 | 922 |
| YTD Return | +12.74% | +13.47%Best |
| 1Y Return | +13.49% | +14.03%Best |
| 3Y Return (annualized) | - | +21.43% |
| 5Y Return (annualized) | - | +11.47% |
| Volatility (annualized) | 13.1%Best | 13.5% |
| Max Drawdown | -9.0% | -8.8%Best |
| $10,000 over 1 years | $11,413 | $11,470Best |
| Top 10 Weight | 38.2%Best | 41.5% |
| Fund Family | iShares by BlackRock (US) | Goldman Sachs Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 4, 2025 | Jun 7, 2018 |
Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: Nov 5, 2025 to Nov 11, 2026 (1 years).
ENHU vs JUST growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1 years both funds cover.
ENHU vs JUST Performance
iShares Enhanced Large Cap Core Active ETF (ENHU) is an ETF from iShares by BlackRock (US) and Goldman Sachs JUST US Large Cap Equity ETF (JUST) is an ETF from Goldman Sachs Asset Management. Over the past year ENHU returned +13.49% while JUST returned +14.03%. Year to date, ENHU is up 12.74% versus a gain of 13.47% for JUST.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JUST has been the more volatile fund, with annualized monthly volatility of 13.5% compared with 13.1% for ENHU. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -9.0% for ENHU and -8.8% for JUST. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ENHU charges 0.22% per year while JUST charges 0.20%. On a $10,000 position that is $22 vs $20 annually, a gap of $2 per year that compounds over a long holding period. On income, ENHU currently yields 0.74% against 0.93% for JUST.
Holdings Overlap
76.6% of ENHU's money is in holdings JUST also owns. 81.5% of JUST's money is in holdings ENHU also owns.
Most of JUST is already inside ENHU. Owning both mostly buys the same companies twice.
188 positions in common, counted across the 351 positions we hold weights for in ENHU and 452 in JUST, against full books of 708 and 922.
What only one of them owns
Our book lists 256 positions for JUST that do not appear in our book for ENHU (17.9% of the fund), and 146 for ENHU that do not appear in JUST (22.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ENHU | Weight in JUST | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.43% | 8.21% | 0.78% |
| AAPLApple Inc | 7.26% | 8.01% | 0.75% |
| MSFTMicrosoft Corp | 6.14% | 6.49% | 0.35% |
| AMZNAmazon.Com Inc | 3.90% | 4.93% | 1.03% |
| GOOGLAlphabet Inc | 3.07% | 3.30% | 0.23% |
| GOOGAlphabet Inc. C | 2.55% | 2.66% | 0.11% |
| AVGOBroadcom Inc | 2.35% | 2.60% | 0.25% |
| MUMicron Technology, Inc. | 1.58% | 1.70% | 0.12% |
| LLYEli Lilly & Co | 1.47% | 1.62% | 0.15% |
| JPMJpmorgan Chase | 1.11% | 1.93% | 0.82% |
81.5% of JUST is already inside ENHU.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ENHU or JUST?
ENHU has an expense ratio of 0.22% while JUST charges 0.20%. JUST is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, ENHU or JUST?
Over the past year ENHU returned +13.49% vs +14.03% for JUST, so JUST leads on 1-year performance. Over the longest common window we track (1 years), ENHU annualized +14.13% vs +14.70% for JUST. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ENHU or JUST?
JUST has been the more volatile fund at 13.5% annualized versus 13.1% for ENHU. Worst drawdown: ENHU -9.0% vs JUST -8.8%.
Should I hold both ENHU and JUST?
ENHU and JUST have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between ENHU and JUST?
81.5% of JUST's money is in holdings ENHU also owns. 81.5% of JUST's is in holdings ENHU also owns. They hold 188 positions in common, counted across the 351 positions we hold weights for in ENHU and 452 in JUST.
Which pays a higher dividend, ENHU or JUST?
ENHU yields 0.74% while JUST yields 0.93%, so JUST currently pays the higher dividend yield.
Is JUST better than ENHU?
JUST has a lower expense ratio. JUST led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. ENHU is less concentrated, with 38.2% of the fund in its ten largest positions against 41.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.