JUST vs NOEQ
Goldman Sachs JUST US Large Cap Equity ETF vs Northern Trust US Equity ETF
Which is better, JUST or NOEQ?
NOEQ costs less.
NOEQ has a lower expense ratio. JUST is less concentrated, with 41.5% of the fund in its ten largest positions against 59.9%.
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 | NOEQ |
|---|---|---|
| Expense Ratio | 0.20% | 0.12%Best |
| AUM | $543M | $193M |
| Dividend Yield | 0.93% | 0.41% |
| Holdings | 922 | 814 |
| YTD Return | +13.47% | +15.26%Best |
| 1Y Return | +14.03% | - |
| 3Y Return (annualized) | +21.43% | - |
| 5Y Return (annualized) | +11.47% | - |
| Top 10 Weight | 41.5%Best | 59.9% |
| Fund Family | Goldman Sachs Asset Management | Northern Trust Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 7, 2018 | Mar 20, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
JUST vs NOEQ 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
JUST vs NOEQ Performance
Goldman Sachs JUST US Large Cap Equity ETF (JUST) is an ETF from Goldman Sachs Asset Management and Northern Trust US Equity ETF (NOEQ) is an ETF from Northern Trust Asset Management. Year to date, JUST is up 13.47% versus a gain of 15.26% for NOEQ.
Past performance does not guarantee future results.
Fees and Cost Over Time
JUST charges 0.20% per year while NOEQ charges 0.12%. On a $10,000 position that is $20 vs $12 annually, a gap of $8 per year that compounds over a long holding period. On income, JUST currently yields 0.93% against 0.41% for NOEQ.
Holdings Overlap
88.0% of JUST's money is in holdings NOEQ also owns. 57.3% of NOEQ's money is in holdings JUST also owns.
Most of JUST is already inside NOEQ. Owning both mostly buys the same companies twice.
240 positions in common, counted across the 452 positions we hold weights for in JUST and 408 in NOEQ, against full books of 922 and 814.
What only one of them owns
Our book lists 97 positions for NOEQ that do not appear in our book for JUST (42.3% of the fund), and 203 for JUST that do not appear in NOEQ (11.3%).
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 NOEQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.21% | 3.29% | 4.92% |
| AAPLApple Inc | 8.01% | 3.41% | 4.60% |
| AMZNAmazon.Com Inc | 4.93% | 4.34% | 0.59% |
| MSFTMicrosoft Corp | 6.49% | 2.63% | 3.86% |
| GOOGAlphabet Inc. C | 2.66% | 6.26% | 3.60% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 1.50% | 4.15% | 2.65% |
| LLYEli Lilly & Co | 1.62% | 3.65% | 2.03% |
| JNJJohnson & Johnson - Common | 0.99% | 3.68% | 2.69% |
| AVGOBroadcom Inc | 2.60% | 1.12% | 1.48% |
| GOOGLAlphabet Inc | 3.30% | 0.13% | 3.17% |
88.0% of JUST is already inside NOEQ.
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 NOEQ?
JUST has an expense ratio of 0.20% while NOEQ charges 0.12%. NOEQ is the cheaper option, by $8 a year on a $10,000 investment.
What is the holdings overlap between JUST and NOEQ?
88.0% of JUST's money is in holdings NOEQ also owns. 57.3% of NOEQ's is in holdings JUST also owns. They hold 240 positions in common, counted across the 452 positions we hold weights for in JUST and 408 in NOEQ.
Which pays a higher dividend, JUST or NOEQ?
JUST yields 0.93% while NOEQ yields 0.41%, so JUST currently pays the higher dividend yield.
Is NOEQ better than JUST?
NOEQ has a lower expense ratio. JUST is less concentrated, with 41.5% of the fund in its ten largest positions against 59.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.