JUST vs LCTU
Goldman Sachs JUST US Large Cap Equity ETF vs iShares US Carbon Transition Readiness Aware Active ETF
Which is better, JUST or LCTU?
Nearly the same fund. LCTU costs less.
LCTU has a lower expense ratio. JUST led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. LCTU is less concentrated, with 35.5% 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 | LCTU |
|---|---|---|
| Expense Ratio | 0.20% | 0.15%Best |
| AUM | $572M | $1.2B |
| Dividend Yield | 0.94% | 0.97% |
| Holdings | 461 | 334 |
| YTD Return | +14.35%Best | +11.76% |
| 1Y Return | +18.75%Best | +15.34% |
| 3Y Return (annualized) | +22.22%Best | +21.21% |
| 5Y Return (annualized) | +12.57%Best | +11.70% |
| Volatility (annualized) | 15.3%Best | 15.5% |
| Max Drawdown | -24.7%Best | -25.9% |
| $10,000 over 5 years | $18,076Best | $17,389 |
| Top 10 Weight | 41.9% | 35.5%Best |
| Fund Family | Goldman Sachs Asset Management | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 7, 2018 | Apr 6, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Apr 8, 2021 to Oct 14, 2026 (5.5 years).
JUST vs LCTU 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 5.5 years both funds cover.
JUST vs LCTU Performance
Goldman Sachs JUST US Large Cap Equity ETF (JUST) is an ETF from Goldman Sachs Asset Management and iShares US Carbon Transition Readiness Aware Active ETF (LCTU) is an ETF from iShares by BlackRock (US). Over the past year JUST returned +18.75% while LCTU returned +15.34%. Year to date, JUST is up 14.35% versus a gain of 11.76% for LCTU.
Over three years, JUST compounded at +22.22% per year against +21.21% for LCTU; over five years the annualized figures are +12.57% and +11.70% respectively. Across the full 6-year window we track, JUST has the edge at +13.02% annualized vs +12.46%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LCTU has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 15.3% 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 -24.7% for JUST and -25.9% for LCTU. 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 LCTU charges 0.15%. On a $10,000 position that is $20 vs $15 annually, a gap of $5 per year that compounds over a long holding period. On income, JUST currently yields 0.94% against 0.97% for LCTU.
Holdings Overlap
83.9% of JUST's money is in holdings LCTU also owns. 83.2% of LCTU's money is in holdings JUST also owns.
Most of JUST is already inside LCTU. Owning both mostly buys the same companies twice.
214 positions in common, counted across the 462 positions we hold weights for in JUST and 331 in LCTU, against full books of 461 and 334.
What only one of them owns
Our book lists 98 positions for LCTU that do not appear in our book for JUST (15.7% of the fund), and 236 for JUST that do not appear in LCTU (15.4%).
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 LCTU | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.84% | 8.16% | 0.68% |
| AAPLApple, Inc | 7.84% | 7.17% | 0.67% |
| MSFTMicrosoft Corp | 6.25% | 4.94% | 1.31% |
| AMZNAmazon.Com Inc | 4.86% | 3.08% | 1.78% |
| GOOGLAlphabet Inc | 3.24% | 2.49% | 0.75% |
| AVGOBroadcom Inc | 2.62% | 2.04% | 0.58% |
| GOOGAlphabet Inc. C | 2.61% | 1.91% | 0.70% |
| MUMicron Technology, Inc. | 2.03% | 1.66% | 0.37% |
| AMDAdvanced Micro Devices Inc | 1.64% | 1.64% | 0.00% |
| JPMJpmorgan Chase | 1.94% | 1.09% | 0.85% |
83.9% of JUST is already inside LCTU.
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 LCTU?
JUST has an expense ratio of 0.20% while LCTU charges 0.15%. LCTU is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, JUST or LCTU?
Over the past year JUST returned +18.75% vs +15.34% for LCTU, so JUST leads on 1-year performance. Over the longest common window we track (6 years), JUST annualized +13.02% vs +12.46% for LCTU. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JUST or LCTU?
LCTU has been the more volatile fund at 15.5% annualized versus 15.3% for JUST. Worst drawdown: JUST -24.7% vs LCTU -25.9%.
Should I hold both JUST and LCTU?
JUST and LCTU 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 LCTU?
83.9% of JUST's money is in holdings LCTU also owns. 83.2% of LCTU's is in holdings JUST also owns. They hold 214 positions in common, counted across the 462 positions we hold weights for in JUST and 331 in LCTU.
Which pays a higher dividend, JUST or LCTU?
JUST yields 0.94% while LCTU yields 0.97%, so LCTU currently pays the higher dividend yield.
Is LCTU better than JUST?
LCTU has a lower expense ratio. JUST led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. LCTU is less concentrated, with 35.5% 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.