JUSTvsSPYETF Comparison
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Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST) and State Street SPDR S&P 500 ETF Trust (SPY) belong to the same industry segment: US Large Cap. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. JUST is more expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.0945% for SPY. JUST is up 12.38% year-to-date (YTD) with -$1M in YTD flows. SPY performs better with 12.45% YTD performance, and -$8.92B in YTD flows. Run a side-by-side ETF comparison of JUST and SPY 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 SPY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JUST SPY | -2.91%-1.27% | +1.01%+3.19% | +12.38%+12.45% | +16.91%+16.97% | +76.18%+77.80% | +77.21%+84.22% |
| Flows | JUST SPY | --$22.31B | -$3M-$13.64B | -$1M-$8.92B | -$6M+$9.09B | +$65M+$55.40B | +$85M+$55.55B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JUST SPY | +10.65%+11.33% | +12.51%+12.90% | +14.83%+15.03% | +16.92%+17.04% |
| Max drawdown | JUST SPY | -3.54%-3.40% | -8.60%-8.89% | -19.19%-18.74% | -24.57%-24.50% |
| Max drawdown duration | JUST SPY | 34d19d | 70d76d | 127d126d | 713d708d |
Trading data
JUST | SPY | |
Last sale 9/17/2026 at 1:30 PM | $109.17 | $762.60 |
| Previous close 09/16/2026 | $107.91 | $754.05 |
| Consolidated volume 09/16/2026 | ||
| 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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JUST | SPY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/17/2026 at 1:30 PM
Live
Closed
JUST | SPY | |
|---|---|---|
| Last price | $109.17 | $762.60 |
| 1D performance | +1.17% | +1.13% |
| AuM | $558.54 M | $786.95 B |
| E/R | 0.2% | 0.0945% |
Characteristics
JUST | SPY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Goldman Sachs | State Street Investment Management |
| Benchmark | JUST U.S. Large Cap Diversified Index | S&P 500 Index |
| N° of holdings | 451 | 497 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 7, 2018 | January 22, 1993 |
| ESG | Yes | No |
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Exposure
Countries
JUST
USA
96.22%
Other
3.78%
SPY
USA
96.41%
Other
3.59%
Sectors
JUST
Technology
43.52%
Finance
14.84%
Consumer Non-Cycl.
10.36%
Healthcare
9.04%
Industrials
7.96%
Other
14.28%
SPY
Technology
44.7%
Finance
13.9%
Consumer Non-Cycl.
9.41%
Healthcare
8.88%
Industrials
7.86%
Other
15.24%
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Diversification
JUST
Total weight of top 15 holdings out of 15
44.98%
SPY
Total weight of top 15 holdings out of 15
43.98%
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%
SPY
NVIDIA Corp.
7.55%
Apple, Inc.
7.04%
Microsoft Corp.
5.36%
Amazon.com, Inc.
4.13%
Alphabet, Inc.
3.24%
Broadcom Inc.
2.86%
Alphabet, Inc.
2.62%
Meta Platforms, Inc.
1.90%
JPMorgan Chase & Co.
1.46%
Berkshire Hathaway, Inc.
1.46%
Micron Technology, Inc.
1.44%
Eli Lilly & Co.
1.41%
Tesla, Inc.
1.36%
Advanced Micro Devices, Inc.
1.21%
Johnson & Johnson
0.96%
Frequently asked questions about JUST and SPY
How have the JUST and SPY ETFs performed in 2026?
As of September 16, 2026, JUST is up 12.38% year-to-date (YTD), while SPY has returned 12.45%. That puts SPY better performer ahead so far this year.
Which ETF is attracting more investor money: JUST or SPY?
Year-to-date, the JUST ETF saw -$1M in flows, compared to -$8.92B for SPY.
Which ETF is more volatile: JUST or SPY?
Over the past year, JUST had a volatility of 12.51%, while SPY experienced 12.9%.
Which ETF is bigger: JUST or SPY?
As of September 16, 2026, JUST holds $558.54 M in assets under management (AUM), while SPY manages $786.95 B.
What sectors do the JUST and SPY ETFs invest in?
JUST leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, SPY focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the JUST ETF and SPY ETF?
JUST top holdings include Apple, Inc., NVIDIA Corp. and Microsoft Corp.. SPY holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: JUST or SPY?
JUST holds 456 securities with 44.98% of its assets in the top 15. SPY has 500 securities and a top 15 weight of 43.98%.
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Latest news about JUST & SPY
The Weekly ETF Market Monitor (August 24-28, 2026)
August 31, 2026
SPY
There’s an ETF for That? Box Spreads
August 27, 2026
SPY
The Weekly ETF Market Monitor (August 17-21, 2026)
August 24, 2026
SPY
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The Weekly ETF Market Monitor (August 10-14, 2026)
August 17, 2026
SPY
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