BAC vs. GS

Last updated Apr 1, 2026

Compare and contrast key facts about Bank of America Corporation (BAC) and The Goldman Sachs Group, Inc. (GS).

Performance

BAC vs. GS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bank of America Corporation (BAC) and The Goldman Sachs Group, Inc. (GS). The values are adjusted to include any dividend payments, if applicable.

BAC vs. GS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BAC Bank of America Corporation	-10.86%	28.04%	33.85%	4.83%	-23.82%	49.61%	-11.63%	46.19%	-15.00%	35.69%
GS The Goldman Sachs Group, Inc.	-3.25%	56.64%	52.03%	15.91%	-7.87%	47.61%	17.45%	40.48%	-33.53%	7.73%

Fundamentals

Market Cap BAC : $367.91B GS : $268.69B
EPS BAC : $4.03 GS : $54.19
PE Ratio BAC : 12.11 GS : 15.61
PEG Ratio BAC : 0.59 GS : 2.02
PS Ratio BAC : 1.97 GS : 2.14
PB Ratio BAC : 1.33 GS : 2.15
Total Revenue (TTM) BAC : $188.75B GS : $125.10B
Gross Profit (TTM) BAC : $104.61B GS : $57.17B
EBITDA (TTM) BAC : $36.61B GS : $21.81B

Returns By Period

In the year-to-date period, BAC achieves a -10.86% return, which is significantly lower than GS's -3.25% return. Over the past 10 years, BAC has underperformed GS with an annualized return of 16.19%, while GS has yielded a comparatively higher 20.59% annualized return.

BAC

• 1D: 3.22%
• 1M: -1.61%
• YTD: -10.86%
• 6M: -4.48%
• 1Y: 19.45%
• 3Y*: 22.60%
• 5Y*: 6.87%
• 10Y*: 16.19%

GS

• 1D: 4.75%
• 1M: -1.06%
• YTD: -3.25%
• 6M: 7.32%
• 1Y: 58.07%
• 3Y*: 40.67%
• 5Y*: 23.83%
• 10Y*: 20.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BAC vs. GS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BAC

BAC Risk / Return Rank: 65
BAC Sharpe Ratio Rank: 68
BAC Sortino Ratio Rank: 58
BAC Omega Ratio Rank: 61
BAC Calmar Ratio Rank: 67
BAC Martin Ratio Rank: 69

GS

GS Risk / Return Rank: 87
GS Sharpe Ratio Rank: 89
GS Sortino Ratio Rank: 85
GS Omega Ratio Rank: 86
GS Calmar Ratio Rank: 86
GS Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BAC vs. GS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bank of America Corporation (BAC) and The Goldman Sachs Group, Inc. (GS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BAC	GS	Difference
Sharpe ratio Return per unit of total volatility	0.73	1.82	-1.09
Sortino ratio Return per unit of downside risk	1.06	2.35	-1.29
Omega ratio Gain probability vs. loss probability	1.16	1.33	-0.17
Calmar ratio Return relative to maximum drawdown	1.16	3.04	-1.88
Martin ratio Return relative to average drawdown	3.17	9.70	-6.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BAC vs. GS - Sharpe Ratio Comparison

The current BAC Sharpe Ratio is 0.73, which is lower than the GS Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of BAC and GS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BAC	GS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.73	1.82	-1.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.87	-0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.70	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.31	-0.12

Correlation

The correlation between BAC and GS is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BAC vs. GS - Dividend Comparison

BAC's dividend yield for the trailing twelve months is around 2.26%, more than GS's 1.83% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BAC Bank of America Corporation	2.26%	1.96%	2.28%	2.73%	2.60%	1.75%	2.38%	1.87%	2.19%	1.32%	1.13%	1.19%
GS The Goldman Sachs Group, Inc.	1.83%	1.59%	2.01%	2.72%	2.62%	1.70%	1.90%	1.80%	1.89%	1.14%	1.09%	1.41%

Drawdowns

BAC vs. GS - Drawdown Comparison

The maximum BAC drawdown since its inception was -93.10%, which is greater than GS's maximum drawdown of -78.84%. Use the drawdown chart below to compare losses from any high point for BAC and GS.

Drawdown Indicators

	BAC	GS	Difference
Max Drawdown Largest peak-to-trough decline	-93.10%	-78.84%	-14.26%
Max Drawdown (1Y) Largest decline over 1 year	-17.93%	-19.42%	+1.49%
Max Drawdown (5Y) Largest decline over 5 years	-46.64%	-32.84%	-13.80%
Max Drawdown (10Y) Largest decline over 10 years	-48.95%	-48.75%	-0.20%
Current Drawdown Current decline from peak	-14.37%	-12.85%	-1.52%
Average Drawdown Average peak-to-trough decline	-28.40%	-22.75%	-5.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.57%	6.08%	+0.49%

Volatility

BAC vs. GS - Volatility Comparison

The current volatility for Bank of America Corporation (BAC) is 6.67%, while The Goldman Sachs Group, Inc. (GS) has a volatility of 9.44%. This indicates that BAC experiences smaller price fluctuations and is considered to be less risky than GS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BAC	GS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.67%	9.44%	-2.77%
Volatility (6M) Calculated over the trailing 6-month period	16.72%	21.70%	-4.98%
Volatility (1Y) Calculated over the trailing 1-year period	26.82%	32.11%	-5.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.84%	27.68%	-0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.80%	29.71%	+1.09%

Financials

BAC vs. GS - Profitability Comparison

The chart below illustrates the profitability comparison between Bank of America Corporation and The Goldman Sachs Group, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BAC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Bank of America Corporation reported a gross profit of 27.06B and revenue of 46.88B. Therefore, the gross margin over that period was 57.7%.

GS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, The Goldman Sachs Group, Inc. reported a gross profit of 13.35B and revenue of 30.13B. Therefore, the gross margin over that period was 44.3%.

BAC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Bank of America Corporation reported an operating income of 9.62B and revenue of 46.88B, resulting in an operating margin of 20.5%.

GS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, The Goldman Sachs Group, Inc. reported an operating income of 3.63B and revenue of 30.13B, resulting in an operating margin of 12.1%.

BAC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Bank of America Corporation reported a net income of 7.65B and revenue of 46.88B, resulting in a net margin of 16.3%.

GS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, The Goldman Sachs Group, Inc. reported a net income of 4.62B and revenue of 30.13B, resulting in a net margin of 15.3%.