Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST) Performance
JUST total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +13.5% since Dec 31, 2025
- 1 year
- +16.1% total return
- 5 years
- +12.0% a year
- Since first price
- +14.3% a year since 2018
JUST trailing returns vs SPY, QQQ, AGG
| Period | JUST total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.6% | −0.6% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.1% | +2.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +8.2% | +7.7% | +7.8% | +8.4% | −1.5% |
| YTD | +13.5% | +12.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +16.1% | +14.9% | +14.4% | +15.9% | −1.1% |
| 3 years | +87.9%+23.4%/yr | +81.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +76.6%+12.0%/yr | +65.8% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJun 13, 2018 | +205.4%+14.3%/yr | +171.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: JUST vs SPY
From Jun 13, 2018: JUST grew to $30,535, SPY to $31,089.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
JUST returns by calendar year
6 of 7 full years positive. Best 2019 (+31.5%), worst 2022 (−17.9%). 2026 is year to date.
JUST annual returns table
| Year | JUST | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +13.5% | −8.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +17.6% | −19.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +23.7% | −8.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +24.9% | −9.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −17.9% | −24.7% | −18.2% | −32.6% | −13.0% |
| 2021 | +26.9% | −5.3% | +28.7% | +27.4% | −1.8% |
| 2020 | +19.6% | −33.8% | +18.3% | +48.6% | +7.5% |
| 2019 | +31.5% | −6.6% | +31.2% | +39.0% | +8.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
JUST largest drawdowns
Now 2.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −33.8% | Mar 23, 2020 | Aug 6, 2020 | 33 days | 6 months |
| Dec 29, 2021 | −24.7% | Sep 30, 2022 | Dec 13, 2023 | 9 months | 2.0 years |
| Sep 20, 2018 | −19.7% | Dec 24, 2018 | Apr 23, 2019 | 3 months | 7 months |
| Feb 18, 2025 | −19.3% | Apr 8, 2025 | Jun 27, 2025 | 49 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
JUST risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | +22.8% | +13.2% | +14.8% |
| Volatility (annualized) | 12.5% | 15.7% | 16.6% |
| Sharpe ratio | 1.38 | 0.65 | 0.76 |
| Sortino ratio | 2.89 | 1.03 | 1.19 |
| Best month | +11.3% | +11.3% | +12.7% |
| Worst month | −5.9% | −9.7% | −11.8% |
| Best 12 months | +37.6% | +37.6% | +57.7% |
| Worst 12 months | +7.2% | −17.9% | −17.9% |
| Positive months | 69% | 62% | 67% |
| Beta vs S&P 500 | 1.00 | 1.00 | — |
| Correlation with S&P 500 | 0.99 | 1.00 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
JUST rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 89 | −17.9% | +16.7% | +57.7% | 85% |
| 3-year (a year) | 65 | +7.5% | +13.6% | +25.9% | 100% |
| 5-year (a year) | 41 | +9.4% | +14.2% | +18.0% | 100% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
JUST performance overview
Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST) returned +16.1% over the past year and +12.0% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned +14.3% a year, turning $10,000 into about $30,535. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −33.8%, from Feb 19, 2020 to Mar 23, 2020, and it took 4 months to get back to the old high. JUST finished 6 of its 7 full calendar years with a gain; the best year was 2019 (+31.5%) and the worst 2022 (−17.9%). Volatility has been 16.6% a year.
Related: JUST chart, JUST holdings, JUST dividends, JUST valuation. See the JUST overview for the latest quote and fund facts.
JUST performance FAQ
What is the JUST return over the past year?
JUST returned +16.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 14.9%.
What is the average annual return of JUST?
JUST has returned +12.0% a year over 5 years, +14.3% a year since June 13, 2018 (total return, distributions reinvested).
How much would $10,000 invested in JUST be worth?
$10,000 invested in JUST at its first recorded close on June 13, 2018 would be worth about $30,535 on October 23, 2026 with distributions reinvested.
What was the worst year for JUST?
The worst calendar year was 2022, with a total return of −17.9%. The best was 2019 at +31.5%.
What is the biggest drawdown of JUST?
The largest peak-to-trough decline was −33.8% between February 19, 2020 and March 23, 2020. It recovered to the old high on August 6, 2020, 4 months after the bottom.
How volatile is JUST?
Over the past 3 years JUST had an annualized volatility of 12.5% and a Sharpe ratio of 1.38 (excess return over 1–3 month T-bills per unit of risk).