JMOM vs JUST
JPMorgan US Momentum Factor ETF vs Goldman Sachs JUST US Large Cap Equity ETF
Which is better, JMOM or JUST?
Nearly the same fund. JMOM costs less.
JMOM has a lower expense ratio. JMOM led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. JMOM is less concentrated, with 19.1% 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 | JMOM | JUST |
|---|---|---|
| Expense Ratio | 0.12%Best | 0.20% |
| AUM | $2.8B | $572M |
| Dividend Yield | 0.75% | 0.94% |
| Holdings | 594 | 461 |
| YTD Return | +20.05%Best | +14.35% |
| 1Y Return | +22.67%Best | +18.75% |
| 3Y Return (annualized) | +26.39%Best | +22.22% |
| 5Y Return (annualized) | +13.72%Best | +12.57% |
| Volatility (annualized) | 17.8% | 16.6%Best |
| Max Drawdown | -34.3% | -33.8%Best |
| $10,000 over 5 years | $19,019Best | $18,076 |
| Top 10 Weight | 19.1%Best | 41.9% |
| Fund Family | J.P. Morgan Asset Management | Goldman Sachs Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 8, 2017 | Jun 7, 2018 |
Volatility and max drawdown are measured over the window both funds cover: Jun 13, 2018 to Oct 14, 2026 (8.3 years).
JMOM 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.
JMOM vs JUST Performance
JPMorgan US Momentum Factor ETF (JMOM) is an ETF from J.P. Morgan Asset Management and Goldman Sachs JUST US Large Cap Equity ETF (JUST) is an ETF from Goldman Sachs Asset Management. Over the past year JMOM returned +22.67% while JUST returned +18.75%. Year to date, JMOM is up 20.05% versus a gain of 14.35% for JUST.
Over three years, JMOM compounded at +26.39% per year against +22.22% for JUST; over five years the annualized figures are +13.72% and +12.57% respectively. Across the full 8-year window we track, JMOM has the edge at +14.67% annualized vs +13.71%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JMOM has been the more volatile fund, with annualized monthly volatility of 17.8% compared with 16.6% 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 -34.3% for JMOM 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JMOM charges 0.12% per year while JUST charges 0.20%. On a $10,000 position that is $12 vs $20 annually, a gap of $8 per year that compounds over a long holding period. On income, JMOM currently yields 0.75% against 0.94% for JUST.
Holdings Overlap
62.6% of JMOM's money is in holdings JUST also owns. 63.5% of JUST's money is in holdings JMOM also owns.
The two portfolios partly overlap.
122 positions in common, counted across the 285 positions we hold weights for in JMOM and 462 in JUST, against full books of 594 and 461.
What only one of them owns
Our book lists 328 positions for JUST that do not appear in our book for JMOM (35.9% of the fund), and 150 for JMOM that do not appear in JUST (33.6%).
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 JMOM | Weight in JUST | Difference |
|---|---|---|---|
| NVDANvidia Corp | 1.97% | 8.84% | 6.87% |
| AAPLApple, Inc | 2.03% | 7.84% | 5.81% |
| MSFTMicrosoft Corp | 2.02% | 6.25% | 4.23% |
| AMZNAmazon.Com Inc | 0.56% | 4.86% | 4.30% |
| GOOGLAlphabet Inc | 1.96% | 3.24% | 1.28% |
| AVGOBroadcom Inc | 1.89% | 2.62% | 0.73% |
| AMDAdvanced Micro Devices Inc | 2.53% | 1.64% | 0.89% |
| MUMicron Technology, Inc. | 2.12% | 2.03% | 0.09% |
| JNJJohnson & Johnson - Common | 1.74% | 1.02% | 0.72% |
| INTCIntel Corporation | 1.61% | 0.90% | 0.71% |
63.5% of JUST is already inside JMOM.
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, JMOM or JUST?
JMOM has an expense ratio of 0.12% while JUST charges 0.20%. JMOM is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, JMOM or JUST?
Over the past year JMOM returned +22.67% vs +18.75% for JUST, so JMOM leads on 1-year performance. Over the longest common window we track (8 years), JMOM annualized +14.67% vs +13.71% for JUST. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JMOM or JUST?
JMOM has been the more volatile fund at 17.8% annualized versus 16.6% for JUST. Worst drawdown: JMOM -34.3% vs JUST -33.8%.
Should I hold both JMOM and JUST?
JMOM and JUST have a monthly-return correlation of 0.95, 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 JMOM and JUST?
63.5% of JUST's money is in holdings JMOM also owns. 63.5% of JUST's is in holdings JMOM also owns. They hold 122 positions in common, counted across the 285 positions we hold weights for in JMOM and 462 in JUST.
Which pays a higher dividend, JMOM or JUST?
JMOM yields 0.75% while JUST yields 0.94%, so JUST currently pays the higher dividend yield.
Is JUST better than JMOM?
JMOM has a lower expense ratio. JMOM led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. JMOM is less concentrated, with 19.1% 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.