JUST vs VONE
Goldman Sachs JUST US Large Cap Equity ETF vs Vanguard Russell 1000 ETF
Which is better, JUST or VONE?
Nearly the same fund. VONE costs less.
VONE has a lower expense ratio. JUST led over 1Y, 3Y and 5Y, VONE over the full window. The two have moved almost in lockstep, correlation 1.00. VONE is less concentrated, with 34.9% 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 | VONE |
|---|---|---|
| Expense Ratio | 0.20% | 0.06%Best |
| AUM | $572M | $8.9B |
| Dividend Yield | 0.94% | 1.02% |
| Holdings | 461 | 1,027 |
| YTD Return | +14.35%Best | +13.02% |
| 1Y Return | +18.75%Best | +16.73% |
| 3Y Return (annualized) | +22.22%Best | +22.11% |
| 5Y Return (annualized) | +12.57%Best | +12.44% |
| Volatility (annualized) | 16.6%Best | 16.9% |
| Max Drawdown | -33.8%Best | -34.7% |
| $10,000 over 5 years | $18,076Best | $17,972 |
| Top 10 Weight | 41.9% | 34.9%Best |
| Fund Family | Goldman Sachs Asset Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 7, 2018 | Sep 20, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Jun 13, 2018 to Oct 14, 2026 (8.3 years).
JUST vs VONE 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 VONE Performance
Goldman Sachs JUST US Large Cap Equity ETF (JUST) is an ETF from Goldman Sachs Asset Management and Vanguard Russell 1000 ETF (VONE) is an ETF from Vanguard (US). Over the past year JUST returned +18.75% while VONE returned +16.73%. Year to date, JUST is up 14.35% versus a gain of 13.02% for VONE.
Over three years, JUST compounded at +22.22% per year against +22.11% for VONE; over five years the annualized figures are +12.57% and +12.44% respectively. Across the full 8-year window we track, VONE has the edge at +13.75% annualized vs +13.71%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VONE has been the more volatile fund, with annualized monthly volatility of 16.9% 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 -33.8% for JUST and -34.7% for VONE. 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 VONE charges 0.06%. On a $10,000 position that is $20 vs $6 annually, a gap of $14 per year that compounds over a long holding period. On income, JUST currently yields 0.94% against 1.02% for VONE.
Holdings Overlap
97.6% of JUST's money is in holdings VONE also owns. 76.8% of VONE's money is in holdings JUST also owns.
Most of JUST is already inside VONE. Owning both mostly buys the same companies twice.
449 positions in common, counted across the 462 positions we hold weights for in JUST and 1,014 in VONE, against full books of 461 and 1,027.
What only one of them owns
Our book lists 483 positions for VONE that do not appear in our book for JUST (22.3% of the fund), and 8 for JUST that do not appear in VONE (1.8%).
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 VONE | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.84% | 7.26% | 1.58% |
| AAPLApple Inc | 7.84% | 6.46% | 1.38% |
| MSFTMicrosoft Corp_None_0 | 6.25% | 5.31% | 0.94% |
| AMZNAmazon.Com Inc | 4.86% | 3.55% | 1.31% |
| GOOGLAlphabet Inc-cl A | 3.24% | 2.79% | 0.45% |
| AVGOBroadcom Inc | 2.62% | 2.43% | 0.19% |
| GOOGAlphabet, Inc.- Cl C | 2.61% | 2.25% | 0.36% |
| MUMicron Technology, Inc. | 2.03% | 1.52% | 0.51% |
| JPMJpmorgan Chase & Co | 1.94% | 1.34% | 0.60% |
| LLYEli Lilly & Co. | 1.51% | 1.30% | 0.21% |
97.6% of JUST is already inside VONE.
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 VONE?
JUST has an expense ratio of 0.20% while VONE charges 0.06%. VONE is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, JUST or VONE?
Over the past year JUST returned +18.75% vs +16.73% for VONE, so JUST leads on 1-year performance. Over the longest common window we track (8 years), JUST annualized +13.71% vs +13.75% for VONE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JUST or VONE?
VONE has been the more volatile fund at 16.9% annualized versus 16.6% for JUST. Worst drawdown: JUST -33.8% vs VONE -34.7%.
Should I hold both JUST and VONE?
JUST and VONE 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 VONE?
97.6% of JUST's money is in holdings VONE also owns. 76.8% of VONE's is in holdings JUST also owns. They hold 449 positions in common, counted across the 462 positions we hold weights for in JUST and 1,014 in VONE.
Which pays a higher dividend, JUST or VONE?
JUST yields 0.94% while VONE yields 1.02%, so VONE currently pays the higher dividend yield.
Is VONE better than JUST?
VONE has a lower expense ratio. JUST led over 1Y, 3Y and 5Y, VONE over the full window. The two have moved almost in lockstep, correlation 1.00. VONE is less concentrated, with 34.9% 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.