JUST vs NBCR
Goldman Sachs JUST US Large Cap Equity ETF vs Neuberger Berman Core Equity ETF
Which is better, JUST or NBCR?
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. NBCR is less concentrated, with 36.9% of the fund in its ten largest positions against 41.9%.
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 | JUST | NBCR |
|---|---|---|
| Expense Ratio | 0.20%Best | 0.29% |
| AUM | $572M | $856M |
| Dividend Yield | 0.94% | 0.42% |
| Holdings | 461 | 206 |
| YTD Return | +14.35%Best | +8.54% |
| 1Y Return | +18.75%Best | +12.11% |
| 3Y Return (annualized) | +22.22% | - |
| 5Y Return (annualized) | +12.57% | - |
| Volatility (annualized) | 12.4% | 12.2%Best |
| Max Drawdown | -19.3% | -18.2%Best |
| $10,000 over 2.2 years | $14,446Best | $13,791 |
| Top 10 Weight | 41.9% | 36.9%Best |
| Fund Family | Goldman Sachs Asset Management | Neuberger Berman |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 7, 2018 | Jul 31, 2024 |
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Aug 1, 2024 to Oct 14, 2026 (2.2 years).
JUST vs NBCR 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 2.2 years both funds cover.
JUST vs NBCR Performance
Goldman Sachs JUST US Large Cap Equity ETF (JUST) is an ETF from Goldman Sachs Asset Management and Neuberger Berman Core Equity ETF (NBCR) is an ETF from Neuberger Berman. Over the past year JUST returned +18.75% while NBCR returned +12.11%. Year to date, JUST is up 14.35% versus a gain of 8.54% for NBCR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JUST has been the more volatile fund, with annualized monthly volatility of 12.4% compared with 12.2% for NBCR. 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 -19.3% for JUST and -18.2% for NBCR. 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
JUST charges 0.20% per year while NBCR charges 0.29%. On a $10,000 position that is $20 vs $29 annually, a gap of $9 per year that compounds over a long holding period. On income, JUST currently yields 0.94% against 0.42% for NBCR.
Holdings Overlap
72.6% of JUST's money is in holdings NBCR also owns. 77.2% of NBCR's money is in holdings JUST also owns.
Most of NBCR is already inside JUST. Owning both mostly buys the same companies twice.
121 positions in common, counted across the 462 positions we hold weights for in JUST and 203 in NBCR, against full books of 461 and 206.
What only one of them owns
Our book lists 73 positions for NBCR that do not appear in our book for JUST (20.8% of the fund), and 329 for JUST that do not appear in NBCR (26.7%).
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 JUST | Weight in NBCR | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.84% | 7.72% | 1.12% |
| AAPLApple, Inc | 7.84% | 6.95% | 0.89% |
| MSFTMicrosoft Corp | 6.25% | 6.03% | 0.22% |
| AMZNAmazon.Com Inc | 4.86% | 3.51% | 1.35% |
| GOOGLAlphabet Inc | 3.24% | 3.10% | 0.14% |
| GOOGAlphabet Inc. C | 2.61% | 2.31% | 0.30% |
| AVGOBroadcom Inc | 2.62% | 1.83% | 0.79% |
| MUMicron Technology, Inc. | 2.03% | 1.48% | 0.55% |
| JPMJpmorgan Chase | 1.94% | 1.35% | 0.59% |
| AMDAdvanced Micro Devices Inc | 1.64% | 1.49% | 0.15% |
77.2% of NBCR is already inside JUST.
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, JUST or NBCR?
JUST has an expense ratio of 0.20% while NBCR charges 0.29%. JUST is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, JUST or NBCR?
Over the past year JUST returned +18.75% vs +12.11% for NBCR, so JUST leads on 1-year performance. Over the longest common window we track (2 years), JUST annualized +18.20% vs +15.73% for NBCR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JUST or NBCR?
JUST has been the more volatile fund at 12.4% annualized versus 12.2% for NBCR. Worst drawdown: JUST -19.3% vs NBCR -18.2%.
Should I hold both JUST and NBCR?
JUST and NBCR 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 JUST and NBCR?
77.2% of NBCR's money is in holdings JUST also owns. 77.2% of NBCR's is in holdings JUST also owns. They hold 121 positions in common, counted across the 462 positions we hold weights for in JUST and 203 in NBCR.
Which pays a higher dividend, JUST or NBCR?
JUST yields 0.94% while NBCR yields 0.42%, so JUST currently pays the higher dividend yield.
Is NBCR better than JUST?
JUST has a lower expense ratio. JUST led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. NBCR is less concentrated, with 36.9% of the fund in its ten largest positions against 41.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.