JUST vs VGM

Comparison between GOLDMAN SACHS JUST U.S. LARGE CAP EQUITY ETF (JUST, ETF) and Invesco Trust for Investment Grade Municipals (VGM, ETF).

5-Year PerformanceJUST has outperformed VGM, delivering a return of +12.8% compared to -0.2%

JUST vs VGM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	JUST(ETF)	VGM(ETF)
Net Assets	$563M	$562M
Expense Ratio	0.20%	N/A
Max Drawdown	33.83%	56.97%
Sharpe Ratio	1.61	1.13
5Y Beta	0.96	0.21
P/E Ratio	27.51	N/A
Forward P/E	20.51	N/A
5Y Dividends CAGR	6.19%	4.04%
5Y EPS CAGR	28.73%	N/A
Debt to Equity	43.13%	N/A
P/S Ratio	3.33	N/A
P/B Ratio	5.57	N/A

Net Assets

Winner

JUST

$563M

VGM

$562M

Expense Ratio

JUST

0.20%

VGM

N/A

Max Drawdown

Winner

JUST

33.83%

VGM

56.97%

Sharpe Ratio

Winner

JUST

1.61

VGM

1.13

5Y Beta

JUST

0.96

Winner

VGM

0.21

P/E Ratio

JUST

27.51

VGM

N/A

Forward P/E

JUST

20.51

VGM

N/A

5Y Dividends CAGR

Winner

JUST

6.19%

VGM

4.04%

5Y EPS CAGR

JUST

28.73%

VGM

N/A

Debt to Equity

JUST

43.13%

VGM

N/A

P/S Ratio

JUST

3.33

VGM

N/A

P/B Ratio

JUST

5.57

VGM

N/A

JUST vs VGM - Historical Returns

Returns include dividend reinvestment.

Period	JUST	VGM
1 month	+0.67%	-1.02%
3 months	+12.50%	+0.81%
6 months	+10.57%	+2.69%
1 year	+25.14%	+15.92%
5 years(CAGR)	+12.77%	-0.23%
10 years(CAGR)	N/A	+2.13%
Max(CAGR)	+14.52%	+5.28%

Winner

JUST

+0.67%

VGM

-1.02%

Winner

JUST

+12.50%

VGM

+0.81%

Winner

JUST

+10.57%

VGM

+2.69%

Winner

JUST

+25.14%

VGM

+15.92%

5Y(CAGR)

Winner

JUST

+12.77%

VGM

-0.23%

10Y(CAGR)

JUST

N/A

VGM

+2.13%

Max(CAGR)

Winner

JUST

+14.52%

VGM

+5.28%

JUST vs VGM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	JUST	VGM
2026	+9.79%	+1.07%
2025	+17.71%	+10.26%
2024	+24.54%	+9.33%
2023	+24.94%	+4.12%
2022	-18.16%	-24.02%
2021	+28.47%	+11.38%
2020	+18.35%	+7.57%
2019	+31.03%	+15.89%
2018	-9.61%	-7.78%
2017	N/A	+9.59%
2016	N/A	+0.84%
2015	N/A	+6.74%
2014	N/A	+16.53%
2013	N/A	-16.11%
2012	N/A	+9.31%
2011	N/A	+21.70%
2010	N/A	+3.53%
2009	N/A	+55.64%
2008	N/A	-32.30%
2007	N/A	-6.33%
2006	N/A	+11.93%
2005	N/A	+4.42%
2004	N/A	+1.63%
2003	N/A	+7.57%
2002	N/A	+16.03%
2001	N/A	+8.58%
2000	N/A	+10.93%
1999	N/A	-6.34%

JUST vs VGM Drawdown Comparison

The maximum drawdown for JUST was -33.83%, occurring on Mar 23, 2020. Recovery took 118 trading sessions.

The maximum drawdown for VGM was -49.32%, occurring on Dec 16, 2008. Recovery took 581 trading sessions.

The current JUST drawdown is -2.27%. The current VGM drawdown is -5.29%.

Rank	JUST	VGM
#1	-33.83% Feb 19, 2020 - Aug 6, 2020	-49.32% May 16, 2007 - Sep 3, 2009
#2	-24.72% Dec 29, 2021 - Dec 13, 2023	-36.59% Sep 22, 2021 - Oct 25, 2023
#3	-19.71% Sep 20, 2018 - Apr 23, 2019	-24.75% Feb 11, 2020 - Nov 30, 2020
#4	-19.34% Feb 18, 2025 - Jun 27, 2025	-23.11% Jan 25, 2013 - Feb 2, 2015
#5	-9.76% Sep 2, 2020 - Nov 13, 2020	-17.26% Nov 5, 2010 - Sep 7, 2011
#6	-8.84% Jul 16, 2024 - Sep 19, 2024	-15.75% Mar 11, 2004 - Aug 25, 2005
#7	-8.76% Feb 2, 2026 - Apr 14, 2026	-15.16% Jul 8, 2016 - Jun 28, 2019
#8	-6.62% Apr 30, 2019 - Jun 20, 2019	-12.53% Nov 5, 1999 - Aug 21, 2000
#9	-6.24% Jul 26, 2019 - Oct 25, 2019	-10.76% Oct 6, 2009 - Mar 8, 2010
#10	-5.52% Mar 28, 2024 - May 14, 2024	-10.20% Jun 16, 2003 - Jan 14, 2004
#11	-5.35% Sep 2, 2021 - Oct 21, 2021	-9.87% Sep 30, 2002 - Apr 10, 2003
#12	-4.64% Oct 28, 2025 - Dec 10, 2025	-7.48% Feb 2, 2015 - Nov 23, 2015
#13	-4.44% Jun 2, 2026 - Jun 10, 2026	-7.01% Nov 13, 2001 - Jan 18, 2002
#14	-4.23% Dec 4, 2024 - Jan 22, 2025	-6.40% Sep 27, 2012 - Jan 25, 2013
#15	-4.23% Nov 16, 2021 - Dec 15, 2021	-6.33% Aug 21, 2000 - Dec 28, 2000

Correlation

Correlation between JUST and VGM is 0.48 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.48

-101

Dividend Comparison (2000 - 2026)

JUST vs VGM dividend yield comparison.

Year	JUST	VGM
2026	0.24%	3.16%
2025	1.02%	7.48%
2024	1.11%	6.35%
2023	1.37%	4.42%
2022	1.51%	5.67%
2021	1.07%	4.65%
2020	1.36%	4.65%
2019	1.86%	4.82%
2018	1.11%	5.97%
2017	0.00%	5.79%
2016	0.00%	6.50%
2015	0.00%	6.62%
2014	0.00%	6.64%
2013	0.00%	7.68%
2012	0.00%	6.91%
2011	0.00%	7.05%
2010	0.00%	7.91%
2009	0.00%	6.61%
2008	0.00%	9.50%
2007	0.00%	5.80%
2006	0.00%	5.33%
2005	0.00%	7.95%
2004	0.00%	6.67%
2003	0.00%	7.36%
2002	0.00%	8.71%
2001	0.00%	7.55%
2000	0.00%	2.67%