JUST vs RECS
Goldman Sachs JUST US Large Cap Equity ETF vs Columbia Research Enhanced Core ETF
Which is better, JUST or RECS?
Nearly the same fund. RECS costs less.
RECS has a lower expense ratio. JUST led over 1Y, RECS over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96. JUST is less concentrated, with 41.9% of the fund in its ten largest positions against 42.0%.
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 | RECS |
|---|---|---|
| Expense Ratio | 0.20% | 0.15%Best |
| AUM | $572M | $6.2B |
| Dividend Yield | 0.94% | 1.01% |
| Holdings | 461 | 718 |
| YTD Return | +14.35%Best | +11.16% |
| 1Y Return | +18.75%Best | +15.54% |
| 3Y Return (annualized) | +22.22% | +22.44%Best |
| 5Y Return (annualized) | +12.57% | +13.81%Best |
| Volatility (annualized) | 16.6% | 16.1%Best |
| Max Drawdown | -33.8%Best | -34.3% |
| $10,000 over 5 years | $18,076 | $19,094Best |
| Top 10 Weight | 41.9%Best | 42.0% |
| Fund Family | Goldman Sachs Asset Management | Columbia Threadneedle Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 7, 2018 | Sep 25, 2019 |
Volatility and max drawdown are measured over the window both funds cover: Jun 13, 2018 to Oct 14, 2026 (8.3 years).
JUST vs RECS 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 RECS Performance
Goldman Sachs JUST US Large Cap Equity ETF (JUST) is an ETF from Goldman Sachs Asset Management and Columbia Research Enhanced Core ETF (RECS) is an ETF from Columbia Threadneedle Investments. Over the past year JUST returned +18.75% while RECS returned +15.54%. Year to date, JUST is up 14.35% versus a gain of 11.16% for RECS.
Over three years, JUST compounded at +22.22% per year against +22.44% for RECS; over five years the annualized figures are +12.57% and +13.81% respectively. Across the full 7-year window we track, RECS has the edge at +16.53% 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 16.6% compared with 16.1% for RECS. 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 RECS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. 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 RECS 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 1.01% for RECS.
Holdings Overlap
37.4% of JUST's money is in holdings RECS also owns. 71.4% of RECS's money is in holdings JUST also owns.
Most of RECS is already inside JUST. Owning both mostly buys the same companies twice.
179 positions in common, counted across the 462 positions we hold weights for in JUST and 353 in RECS, against full books of 461 and 718.
What only one of them owns
Our book lists 158 positions for RECS that do not appear in our book for JUST (27.0% of the fund), and 274 for JUST that do not appear in RECS (61.9%).
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 RECS | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.84% | 12.01% | 3.17% |
| AAPLApple, Inc | 7.84% | 11.96% | 4.12% |
| MUMicron Technology, Inc. | 2.03% | 2.28% | 0.25% |
| MAMastercard Inc | 0.83% | 2.36% | 1.53% |
| BACBank of America Corp.: Financials | 0.76% | 2.04% | 1.28% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.85% | 1.05% | 0.20% |
| CCitigroup Inc. | 0.46% | 1.15% | 0.69% |
| MOAltria Group Inc | 0.22% | 1.22% | 1.00% |
| LRCXLam Research Corp | 0.70% | 0.73% | 0.03% |
| ABBVAbbvie Inc. | 0.75% | 0.63% | 0.12% |
71.4% of RECS is already inside JUST.
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 RECS?
JUST has an expense ratio of 0.20% while RECS charges 0.15%. RECS is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, JUST or RECS?
Over the past year JUST returned +18.75% vs +15.54% for RECS, so JUST leads on 1-year performance. Over the longest common window we track (7 years), JUST annualized +13.71% vs +16.53% for RECS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JUST or RECS?
JUST has been the more volatile fund at 16.6% annualized versus 16.1% for RECS. Worst drawdown: JUST -33.8% vs RECS -34.3%.
Should I hold both JUST and RECS?
JUST and RECS have a monthly-return correlation of 0.96, 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 RECS?
71.4% of RECS's money is in holdings JUST also owns. 71.4% of RECS's is in holdings JUST also owns. They hold 179 positions in common, counted across the 462 positions we hold weights for in JUST and 353 in RECS.
Which pays a higher dividend, JUST or RECS?
JUST yields 0.94% while RECS yields 1.01%, so RECS currently pays the higher dividend yield.
Is RECS better than JUST?
RECS has a lower expense ratio. JUST led over 1Y, RECS over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96. JUST is less concentrated, with 41.9% of the fund in its ten largest positions against 42.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.