IVV vs JUST
iShares Core S&P 500 ETF vs Goldman Sachs JUST US Large Cap Equity ETF
Which is better, IVV or JUST?
Nearly the same fund. IVV costs less.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, JUST over 1Y. The two have moved almost in lockstep, correlation 1.00. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 40.6%.
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 | IVV | JUST |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.20% |
| AUM | $876.4B | $570M |
| Dividend Yield | 1.06% | 0.93% |
| Holdings | 508 | 463 |
| YTD Return | +12.01% | +13.13%Best |
| 1Y Return | +16.48% | +17.81%Best |
| 3Y Return (annualized) | +21.21%Best | +20.96% |
| 5Y Return (annualized) | +12.95%Best | +12.37% |
| Volatility (annualized) | 16.6%Best | 16.7% |
| Max Drawdown | -33.9% | -33.8%Best |
| $10,000 over 5 years | $18,384Best | $17,916 |
| Top 10 Weight | 37.8%Best | 40.6% |
| Fund Family | iShares by BlackRock (US) | Goldman Sachs Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Jun 7, 2018 |
Volatility and max drawdown are measured over the window both funds cover: Jun 13, 2018 to Sep 14, 2026 (8.3 years).
IVV 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 8.3 years both funds cover.
IVV vs JUST Performance
iShares Core S&P 500 ETF (IVV) 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 IVV returned +16.48% while JUST returned +17.81%. Year to date, IVV is up 12.01% versus a gain of 13.13% for JUST.
Over three years, IVV compounded at +21.21% per year against +20.96% for JUST; over five years the annualized figures are +12.95% and +12.37% respectively. Across the full 8-year window we track, IVV has the edge at +14.00% annualized vs +13.71%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JUST has been the more volatile fund, with annualized monthly volatility of 16.7% compared with 16.6% for IVV. 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 -33.9% for IVV and -33.8% 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 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while JUST charges 0.20%. On a $10,000 position that is $3 vs $20 annually, a gap of $17 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.93% for JUST.
Holdings Overlap
81.4% of IVV's money is in holdings JUST also owns. 95.7% of JUST's money is in holdings IVV also owns.
Most of JUST is already inside IVV. Owning both mostly buys the same companies twice.
321 positions in common, counted across the 490 positions we hold weights for in IVV and 461 in JUST, against full books of 508 and 463.
What only one of them owns
Our book lists 130 positions for JUST that do not appear in our book for IVV (4.1% of the fund), and 161 for IVV that do not appear in JUST (17.2%).
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 IVV | Weight in JUST | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 8.36% | 0.29% |
| AAPLApple, Inc | 7.02% | 7.39% | 0.37% |
| MSFTMicrosoft Corp | 5.69% | 6.09% | 0.40% |
| AMZNAmazon.Com Inc | 3.84% | 4.96% | 1.12% |
| GOOGLAlphabet Inc,class A | 3.00% | 3.20% | 0.20% |
| AVGOBroadcom Inc | 2.65% | 2.77% | 0.12% |
| GOOGAlphabet Inc | 2.39% | 2.58% | 0.19% |
| JPMJpmorgan Chase | 1.44% | 2.07% | 0.63% |
| MUMicron Technology, Inc. | 1.63% | 1.73% | 0.10% |
| LLYEli Lilly & Co. | 1.38% | 1.50% | 0.12% |
95.7% of JUST is already inside IVV.
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, IVV or JUST?
IVV has an expense ratio of 0.03% while JUST charges 0.20%. IVV is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, IVV or JUST?
Over the past year IVV returned +16.48% vs +17.81% for JUST, so JUST leads on 1-year performance. Over the longest common window we track (8 years), IVV annualized +14.00% vs +13.71% for JUST. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or JUST?
JUST has been the more volatile fund at 16.7% annualized versus 16.6% for IVV. Worst drawdown: IVV -33.9% vs JUST -33.8%.
Should I hold both IVV and JUST?
IVV and JUST have a monthly-return correlation of 1.00, 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 IVV and JUST?
95.7% of JUST's money is in holdings IVV also owns. 95.7% of JUST's is in holdings IVV also owns. They hold 321 positions in common, counted across the 490 positions we hold weights for in IVV and 461 in JUST.
Which pays a higher dividend, IVV or JUST?
IVV yields 1.06% while JUST yields 0.93%, so IVV currently pays the higher dividend yield.
Is JUST better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, JUST over 1Y. The two have moved almost in lockstep, correlation 1.00. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 40.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.