JUST vs VOO
Goldman Sachs JUST US Large Cap Equity ETF vs Vanguard S&P 500 ETF
Which is better, JUST or VOO?
Nearly the same fund. VOO costs less.
VOO has a lower expense ratio. JUST led over 1Y, VOO over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. VOO is less concentrated, with 37.6% 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 | JUST | VOO |
|---|---|---|
| Expense Ratio | 0.20% | 0.03%Best |
| AUM | $570M | $997.4B |
| Dividend Yield | 0.93% | 1.04% |
| Holdings | 463 | 509 |
| YTD Return | +13.13%Best | +11.98% |
| 1Y Return | +17.81%Best | +16.45% |
| 3Y Return (annualized) | +20.96% | +21.19%Best |
| 5Y Return (annualized) | +12.37% | +12.95%Best |
| Volatility (annualized) | 16.7% | 16.6%Best |
| Max Drawdown | -33.8%Best | -34.3% |
| $10,000 over 5 years | $17,916 | $18,384Best |
| Top 10 Weight | 40.6% | 37.6%Best |
| Fund Family | Goldman Sachs Asset Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 7, 2018 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Jun 13, 2018 to Sep 14, 2026 (8.3 years).
JUST vs VOO 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.
JUST vs VOO Performance
Goldman Sachs JUST US Large Cap Equity ETF (JUST) is an ETF from Goldman Sachs Asset Management and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year JUST returned +17.81% while VOO returned +16.45%. Year to date, JUST is up 13.13% versus a gain of 11.98% for VOO.
Over three years, JUST compounded at +20.96% per year against +21.19% for VOO; over five years the annualized figures are +12.37% and +12.95% respectively. Across the full 8-year window we track, VOO has the edge at +14.05% 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 VOO. 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 -33.8% for JUST and -34.3% for VOO. 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
JUST charges 0.20% per year while VOO charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, JUST currently yields 0.93% against 1.04% for VOO.
Holdings Overlap
96.8% of JUST's money is in holdings VOO also owns. 82.7% of VOO's money is in holdings JUST also owns.
Most of JUST is already inside VOO. Owning both mostly buys the same companies twice.
332 positions in common, counted across the 461 positions we hold weights for in JUST and 494 in VOO, against full books of 463 and 509.
What only one of them owns
Our book lists 157 positions for VOO that do not appear in our book for JUST (16.6% of the fund), and 121 for JUST that do not appear in VOO (3.2%).
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 JUST | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.36% | 7.55% | 0.81% |
| AAPLApple, Inc | 7.39% | 7.05% | 0.34% |
| MSFTMicrosoft Corp | 6.09% | 5.36% | 0.73% |
| AMZNAmazon.Com Inc | 4.96% | 4.13% | 0.83% |
| GOOGLAlphabet Inc,class A | 3.20% | 3.24% | 0.04% |
| AVGOBroadcom Inc | 2.77% | 2.86% | 0.09% |
| GOOGAlphabet Inc | 2.58% | 2.62% | 0.04% |
| JPMJpmorgan Chase | 2.07% | 1.46% | 0.61% |
| MUMicron Technology, Inc. | 1.73% | 1.44% | 0.29% |
| LLYEli Lilly & Co. | 1.50% | 1.41% | 0.09% |
96.8% of JUST is already inside VOO.
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 VOO?
JUST has an expense ratio of 0.20% while VOO charges 0.03%. VOO is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, JUST or VOO?
Over the past year JUST returned +17.81% vs +16.45% for VOO, so JUST leads on 1-year performance. Over the longest common window we track (8 years), JUST annualized +13.71% vs +14.05% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JUST or VOO?
JUST has been the more volatile fund at 16.7% annualized versus 16.6% for VOO. Worst drawdown: JUST -33.8% vs VOO -34.3%.
Should I hold both JUST and VOO?
JUST and VOO 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 JUST and VOO?
96.8% of JUST's money is in holdings VOO also owns. 82.7% of VOO's is in holdings JUST also owns. They hold 332 positions in common, counted across the 461 positions we hold weights for in JUST and 494 in VOO.
Which pays a higher dividend, JUST or VOO?
JUST yields 0.93% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than JUST?
VOO has a lower expense ratio. JUST led over 1Y, VOO over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. VOO is less concentrated, with 37.6% 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.