CVLC vs JUST
Calvert US Large-Cap Core Responsible Index ETF vs Goldman Sachs JUST US Large Cap Equity ETF
Which is better, CVLC or JUST?
Nearly the same fund. CVLC costs less.
CVLC has a lower expense ratio. JUST led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.99. CVLC is less concentrated, with 38.2% 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 | CVLC | JUST |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.20% |
| AUM | $1.0B | $572M |
| Dividend Yield | 0.93% | 0.94% |
| Holdings | 1,511 | 461 |
| YTD Return | +12.83% | +14.35%Best |
| 1Y Return | +17.38% | +18.75%Best |
| 3Y Return (annualized) | +22.00% | +22.22%Best |
| 5Y Return (annualized) | - | +12.57% |
| Volatility (annualized) | 13.2% | 12.3%Best |
| Max Drawdown | -19.9% | -19.3%Best |
| $10,000 over 3.7 years | $19,146 | $19,283Best |
| Top 10 Weight | 38.2%Best | 41.9% |
| Fund Family | Calvert | Goldman Sachs Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 30, 2023 | Jun 7, 2018 |
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Feb 1, 2023 to Oct 14, 2026 (3.7 years).
CVLC 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 3.7 years both funds cover.
CVLC vs JUST Performance
Calvert US Large-Cap Core Responsible Index ETF (CVLC) is an ETF from Calvert and Goldman Sachs JUST US Large Cap Equity ETF (JUST) is an ETF from Goldman Sachs Asset Management. Over the past year CVLC returned +17.38% while JUST returned +18.75%. Year to date, CVLC is up 12.83% versus a gain of 14.35% for JUST.
Over three years, CVLC compounded at +22.00% per year against +22.22% for JUST. Across the full 4-year window we track, JUST has the edge at +19.42% annualized vs +19.19%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CVLC has been the more volatile fund, with annualized monthly volatility of 13.2% compared with 12.3% for JUST. 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 -19.9% for CVLC and -19.3% 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
CVLC charges 0.15% per year while JUST charges 0.20%. On a $10,000 position that is $15 vs $20 annually, a gap of $5 per year that compounds over a long holding period. On income, CVLC currently yields 0.93% against 0.94% for JUST.
Holdings Overlap
82.0% of CVLC's money is in holdings JUST also owns. 85.5% of JUST's money is in holdings CVLC also owns.
Most of JUST is already inside CVLC. Owning both mostly buys the same companies twice.
342 positions in common, counted across the 759 positions we hold weights for in CVLC and 462 in JUST, against full books of 1,511 and 461.
What only one of them owns
Our book lists 106 positions for JUST that do not appear in our book for CVLC (13.8% of the fund), and 396 for CVLC that do not appear in JUST (16.6%).
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 CVLC | Weight in JUST | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.80% | 8.84% | 1.04% |
| AAPLApple Inc | 7.03% | 7.84% | 0.81% |
| MSFTMicrosoft Corp_None_0 | 5.49% | 6.25% | 0.76% |
| GOOGLAlphabet Inc-cl A | 5.35% | 3.24% | 2.11% |
| AMZNAmazon.Com Inc | 3.63% | 4.86% | 1.23% |
| AVGOBroadcom Inc | 2.48% | 2.62% | 0.14% |
| MUMicron Technology, Inc. | 1.88% | 2.03% | 0.15% |
| JPMJpmorgan Chase & Co | 1.38% | 1.94% | 0.56% |
| AMDAdvanced Micro Devices Inc. | 1.66% | 1.64% | 0.02% |
| LLYEli Lilly & Co. | 1.52% | 1.51% | 0.01% |
85.5% of JUST is already inside CVLC.
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, CVLC or JUST?
CVLC has an expense ratio of 0.15% while JUST charges 0.20%. CVLC is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, CVLC or JUST?
Over the past year CVLC returned +17.38% vs +18.75% for JUST, so JUST leads on 1-year performance. Over the longest common window we track (4 years), CVLC annualized +19.19% vs +19.42% for JUST. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVLC or JUST?
CVLC has been the more volatile fund at 13.2% annualized versus 12.3% for JUST. Worst drawdown: CVLC -19.9% vs JUST -19.3%.
Should I hold both CVLC and JUST?
CVLC 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 CVLC and JUST?
85.5% of JUST's money is in holdings CVLC also owns. 85.5% of JUST's is in holdings CVLC also owns. They hold 342 positions in common, counted across the 759 positions we hold weights for in CVLC and 462 in JUST.
Which pays a higher dividend, CVLC or JUST?
CVLC yields 0.93% while JUST yields 0.94%, so JUST currently pays the higher dividend yield.
Is JUST better than CVLC?
CVLC has a lower expense ratio. JUST led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.99. CVLC is less concentrated, with 38.2% 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.