BLK vs. GS
BLK (BlackRock, Inc.) and GS (The Goldman Sachs Group, Inc.) are both stocks. Both are in the Financial Services sector — BLK in Asset Management, GS in Capital Markets. Over the past 10 years, BLK returned 14.29%/yr vs 23.14%/yr for GS. Their 0.52 correlation means they have sometimes moved together and sometimes differently.
Performance
BLK vs. GS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BLK achieves a 3.02% return, which is significantly lower than GS's 16.98% return. Over the past 10 years, BLK has underperformed GS with an annualized return of 14.29%, while GS has yielded a comparatively higher 23.14% annualized return.
BLK
- 1D
- -0.73%
- 1M
- 9.51%
- 6M
- -1.46%
- YTD
- 3.02%
- 1Y
- 1.96%
- 3Y*
- 16.85%
- 5Y*
- 7.24%
- 10Y*
- 14.29%
- ALL TIME*
- 19.95%
GS
- 1D
- -0.63%
- 1M
- -0.26%
- 6M
- 9.93%
- YTD
- 16.98%
- 1Y
- 46.41%
- 3Y*
- 45.09%
- 5Y*
- 25.12%
- 10Y*
- 23.14%
- ALL TIME*
- 11.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $789.71M | $828.12M | $797.11M | |
| $2.08B | $2.11B | $2.25B |
BLK vs. GS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BLK BlackRock, Inc. | 3.02% | 6.55% | 29.29% | 17.86% | -20.40% | 29.39% | 47.21% | 31.87% | -21.59% | 38.20% |
GS The Goldman Sachs Group, Inc. | 16.98% | 56.64% | 52.03% | 15.91% | -7.87% | 47.61% | 17.45% | 40.48% | -33.53% | 7.73% |
Correlation
The correlation between BLK and GS is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 1999 | 0.52 |
The correlation between BLK and GS shifts across timeframes, from 0.52 (all time) to 0.66 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BLK:
$169.00B
GS:
$300.43B
BLK:
$38.53
GS:
$67.36
BLK:
28.30
GS:
15.12
BLK:
6.88
GS:
2.69
BLK:
3.17
GS:
1.86
BLK:
$25.71B
GS:
$117.94B
BLK:
$15.21B
GS:
$67.57B
BLK:
$9.79B
GS:
$31.39B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BLK vs. GS — Risk / Return Rank
BLK
GS
BLK vs. GS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock, Inc. (BLK) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BLK | GS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.25 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 2.25 | -2.22 |
| Martin ratioReturn relative to average drawdown | 0.06 | 6.94 | -6.88 |
Loading charts...
Drawdowns
BLK vs. GS - Drawdown Comparison
The maximum BLK drawdown since its inception was -60.36%, smaller than the maximum GS drawdown of -78.84%. Use the drawdown chart below to compare losses from any high point for BLK and GS.
Loading charts...
Drawdown Indicators
| BLK | GS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.36% | -78.84% | +18.48% |
Max Drawdown (1Y)Largest decline over 1 year | -22.45% | -19.42% | -3.03% |
Max Drawdown (3Y)Largest decline over 3 years | -23.74% | -30.90% | +7.16% |
Max Drawdown (5Y)Largest decline over 5 years | -43.90% | -32.84% | -11.06% |
Max Drawdown (10Y)Largest decline over 10 years | -43.90% | -48.75% | +4.85% |
Current DrawdownCurrent decline from peak | -7.87% | -11.60% | +3.73% |
Average DrawdownAverage peak-to-trough decline | -11.93% | -22.57% | +10.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.10% | 6.30% | +4.80% |
Volatility
BLK vs. GS - Volatility Comparison
The current volatility for BlackRock, Inc. (BLK) is 9.75%, while The Goldman Sachs Group, Inc. (GS) has a volatility of 14.38%. This indicates that BLK 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.
Loading charts...
Volatility by Period
| BLK | GS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.75% | 14.38% | -4.63% |
Volatility (6M)Calculated over the trailing 6-month period | 21.22% | 26.02% | -4.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.85% | 31.51% | -4.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.95% | 28.60% | -1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.78% | 30.06% | -2.28% |
Dividends
BLK vs. GS - Dividend Comparison
BLK's dividend yield for the trailing twelve months is around 2.01%, more than GS's 1.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLK BlackRock, Inc. | 2.01% | 1.95% | 1.99% | 2.46% | 2.75% | 1.80% | 2.01% | 2.63% | 3.08% | 1.95% | 2.41% | 2.56% |
GS The Goldman Sachs Group, Inc. | 1.67% | 1.59% | 2.01% | 2.72% | 2.62% | 1.70% | 1.90% | 1.80% | 1.89% | 1.14% | 1.09% | 1.41% |
Financials
BLK vs. GS - Financials Comparison
This section allows you to compare key financial metrics between BlackRock, Inc. and The Goldman Sachs Group, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BLK vs. GS - Profitability Comparison
BLK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, BlackRock, Inc. reported a gross profit of 5.51B and revenue of 6.77B. Therefore, the gross margin over that period was 81.4%.
GS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, The Goldman Sachs Group, Inc. reported a gross profit of 20.24B and revenue of 38.43B. Therefore, the gross margin over that period was 52.7%.
BLK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, BlackRock, Inc. reported an operating income of 2.33B and revenue of 6.77B, resulting in an operating margin of 34.5%.
GS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, The Goldman Sachs Group, Inc. reported an operating income of 11.52B and revenue of 38.43B, resulting in an operating margin of 30.0%.
BLK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, BlackRock, Inc. reported a net income of 2.21B and revenue of 6.77B, resulting in a net margin of 32.7%.
GS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, The Goldman Sachs Group, Inc. reported a net income of 6.63B and revenue of 38.43B, resulting in a net margin of 17.3%.
Frequently Asked Questions
BLK and GS have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GS has higher volatility (14.38%) compared to BLK (9.75%). In terms of maximum drawdown, BLK dropped -60.36% vs GS's -78.84%.
GS currently has the higher Sharpe Ratio (1.39 vs 0.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for BLK and GS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer