VGM vs JUST

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

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

VGM vs JUST - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VGM(ETF)	JUST(ETF)
Net Assets	$562M	$563M
Expense Ratio	N/A	0.20%
Max Drawdown	56.97%	33.83%
Sharpe Ratio	1.09	1.55
5Y Beta	0.21	0.96
P/E Ratio	N/A	27.51
Forward P/E	N/A	20.51
5Y Dividends CAGR	4.04%	6.19%
5Y EPS CAGR	N/A	28.73%
Debt to Equity	N/A	43.13%
P/S Ratio	N/A	3.33
P/B Ratio	N/A	5.57

Net Assets

VGM

$562M

Winner

JUST

$563M

Expense Ratio

VGM

N/A

JUST

0.20%

Max Drawdown

VGM

56.97%

Winner

JUST

33.83%

Sharpe Ratio

VGM

1.09

Winner

JUST

1.55

5Y Beta

Winner

VGM

0.21

JUST

0.96

P/E Ratio

VGM

N/A

JUST

27.51

Forward P/E

VGM

N/A

JUST

20.51

5Y Dividends CAGR

VGM

4.04%

Winner

JUST

6.19%

5Y EPS CAGR

VGM

N/A

JUST

28.73%

Debt to Equity

VGM

N/A

JUST

43.13%

P/S Ratio

VGM

N/A

JUST

3.33

P/B Ratio

VGM

N/A

JUST

5.57

VGM vs JUST - Historical Returns

Returns include dividend reinvestment.

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

VGM

-1.02%

Winner

JUST

+0.67%

VGM

+0.81%

Winner

JUST

+12.50%

VGM

+2.69%

Winner

JUST

+10.57%

VGM

+15.92%

Winner

JUST

+25.14%

5Y(CAGR)

VGM

-0.23%

Winner

JUST

+12.77%

10Y(CAGR)

VGM

+2.13%

JUST

N/A

Max(CAGR)

VGM

+5.28%

Winner

JUST

+14.52%

VGM vs JUST - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

VGM vs JUST Drawdown Comparison

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

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

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

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

Correlation

Correlation between VGM and JUST 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)

VGM vs JUST dividend yield comparison.

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