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JUSTvsSMAXETF Comparison

ETF 1

JUST

Goldman Sachs JUST U.S. Large Cap Equity ETF

This fund is part of

US Large Cap

+1.18%

Full JUST fund page

VS

ETF 2

SMAX

iShares Large Cap Max Buffer Sep ETF

This fund is part of

Options Strategies

+0.79%

Full SMAX fund page

Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST) belongs to the US Large Cap segment. iShares Large Cap Max Buffer Sep ETF (SMAX) is part of the Options Strategies segment. JUST's top 3 sector exposures are Technology, Finance and Consumer Non-Cyclicals. In contrast, SMAX's top sector exposures are Technology, Finance and Healthcare. JUST is less expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.53% for SMAX. JUST is up 13.65% year-to-date (YTD) with -$1M in YTD flows. SMAX performs worse with 5.52% YTD performance, and -$34M in YTD flows. Run a side-by-side ETF comparison of JUST and SMAX below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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JUST vs SMAX performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/17/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	JUST SMAX	-1.82%+0.55%	+3.25%+2.19%	+13.65%+5.52%	+18.33%+7.33%	+78.17%n/a	+80.83%n/a
Flows	JUST SMAX	--$1M	-$3M-$4M	-$1M-$34M	-$6M+$515K	+$65M-	+$85M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	JUST SMAX	+10.65%+1.99%	+12.55%+2.77%	+14.83%n/a	+16.92%n/a
Max drawdown	JUST SMAX	-3.54%-0.43%	-8.60%-1.93%	-19.19%n/a	-24.57%n/a
Max drawdown duration	JUST SMAX	35d15d	70d44d	127dn/a	713dn/a

Trading data

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	JUST	SMAX
Last sale 9/18/2026 at 1:30 PM	$109.30	$28.39
Previous close 09/17/2026	$109.17	$28.37
Consolidated volume 09/17/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

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SMAX

is actively managed and doesn’t replicate an index

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	JUST	SMAX
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/18/2026 at 1:30 PM

Live

Closed

	JUST	SMAX
Last price	$109.30	$28.39
1D performance	+0.12%	+0.07%
AuM	$564.85 M	$88.53 M
E/R	0.2%	0.53%

Characteristics

	JUST	SMAX
Management strategy	Passive	Active
Provider	Goldman Sachs	iShares
Benchmark	JUST U.S. Large Cap Diversified Index	-
N° of holdings	451	501
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	June 7, 2018	September 30, 2024
ESG	Yes	No

More JUST data on Trackinsight

More SMAX data on Trackinsight

Exposure

Countries

JUST

USA

96.22%

Other

3.78%

SMAX

USA

102.01%

Other

-2.01%

Sectors

JUST

Technology

43.52%

Finance

14.84%

Consumer Non-Cycl.

10.36%

Healthcare

9.04%

Industrials

7.96%

Other

14.28%

SMAX

Technology

46.23%

Finance

14.48%

Healthcare

9.28%

Consumer Non-Cycl.

9.23%

Industrials

8.09%

Other

12.68%

Diversification

JUST

Total weight of top 15 holdings out of 15

44.98%

SMAX

Total weight of top 15 holdings out of 15

45.4%

Top 15 holdings

Data as of July 31, 2026

JUST

Apple, Inc.

8.14%

NVIDIA Corp.

7.71%

Microsoft Corp.

4.84%

Amazon.com, Inc.

4.58%

Alphabet, Inc.

3.19%

Broadcom Inc.

2.97%

Alphabet, Inc.

2.60%

JPMorgan Chase & Co.

2.15%

Micron Technology, Inc.

1.69%

Eli Lilly & Co.

1.61%

Advanced Micro Devices, Inc.

1.34%

Visa, Inc.

1.16%

Johnson & Johnson

1.07%

Walmart, Inc.

1.00%

Cisco Systems, Inc.

0.93%

SMAX

Apple, Inc.

7.90%

NVIDIA Corp.

7.62%

Microsoft Corp.

5.40%

Amazon.com, Inc.

3.72%

Alphabet, Inc.

3.16%

Broadcom Inc.

2.96%

Alphabet, Inc.

2.54%

Meta Platforms, Inc.

1.91%

Micron Technology, Inc.

1.59%

JPMorgan Chase & Co.

1.52%

Berkshire Hathaway, Inc.

1.51%

Eli Lilly & Co.

1.47%

BlackRock Cash Funds - Treasury

1.42%

Tesla, Inc.

1.40%

Advanced Micro Devices, Inc.

1.28%

Frequently asked questions about JUST and SMAX

How have the JUST and SMAX ETFs performed in 2026?

As of September 17, 2026, JUST is up 13.65% year-to-date (YTD), while SMAX has returned 5.52%. That puts JUST better performer ahead so far this year.

Which ETF is attracting more investor money: JUST or SMAX?

Year-to-date, the JUST ETF saw -$1M in flows, compared to -$34M for SMAX.

Which ETF is more volatile: JUST or SMAX?

Over the past year, JUST had a volatility of 12.55%, while SMAX experienced 2.77%.

Which ETF is bigger: JUST or SMAX?

As of September 17, 2026, JUST holds $564.85 M in assets under management (AUM), while SMAX manages $88.53 M.

What sectors do the JUST and SMAX ETFs invest in?

JUST leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, SMAX focuses on Technology, Finance and Healthcare.

What are the top holdings of the JUST ETF and SMAX ETF?

JUST top holdings include Apple, Inc., NVIDIA Corp. and Microsoft Corp.. SMAX holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..

Which ETF is more diversified: JUST or SMAX?

JUST holds 456 securities with 44.98% of its assets in the top 15. SMAX has 504 securities and a top 15 weight of 45.4%.

Goldman Sachs JUST U.S. Large Cap Equity ETF

August 28, 2023

JUST

JUSTvsSMAXETF Comparison

Goldman Sachs JUST U.S. Large Cap Equity ETF

iShares Large Cap Max Buffer Sep ETF

JUST vs SMAX performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the JUST and SMAX ETFs performed in 2026?

As of September 17, 2026, JUST is up 13.65% year-to-date (YTD), while SMAX has returned 5.52%. That puts JUST better performer ahead so far this year.

Which ETF is attracting more investor money: JUST or SMAX?

Year-to-date, the JUST ETF saw -$1M in flows, compared to -$34M for SMAX.

Which ETF is more volatile: JUST or SMAX?

Over the past year, JUST had a volatility of 12.55%, while SMAX experienced 2.77%.

Which ETF is bigger: JUST or SMAX?

As of September 17, 2026, JUST holds $564.85 M in assets under management (AUM), while SMAX manages $88.53 M.

What sectors do the JUST and SMAX ETFs invest in?

JUST leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, SMAX focuses on Technology, Finance and Healthcare.

What are the top holdings of the JUST ETF and SMAX ETF?

JUST top holdings include Apple, Inc., NVIDIA Corp. and Microsoft Corp.. SMAX holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..

Which ETF is more diversified: JUST or SMAX?

JUST holds 456 securities with 44.98% of its assets in the top 15. SMAX has 504 securities and a top 15 weight of 45.4%.

Goldman Sachs JUST U.S. Large Cap Equity ETF

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