CMWAY vs. GS

Last updated Jun 4, 2026

CMWAY (Commonwealth Bank of Australia PK) and GS (The Goldman Sachs Group, Inc.) are both stocks. Both are in the Financial Services sector — CMWAY in Banks - Diversified, GS in Capital Markets. Over the past 10 years, CMWAY returned 13.10%/yr vs 23.44%/yr for GS. At a 0.39 correlation, their price movements are largely independent.

Performance

CMWAY vs. GS - Performance Comparison

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

Returns By Period

In the year-to-date period, CMWAY achieves a 11.39% return, which is significantly lower than GS's 19.58% return. Over the past 10 years, CMWAY has underperformed GS with an annualized return of 13.10%, while GS has yielded a comparatively higher 23.44% annualized return.

CMWAY

• 1D: -0.62%
• 1M: -4.90%
• YTD: 11.39%
• 6M: 18.01%
• 1Y: 3.80%
• 3Y*: 26.05%
• 5Y*: 12.02%
• 10Y*: 13.10%

GS

• 1D: -2.21%
• 1M: 15.76%
• YTD: 19.58%
• 6M: 25.65%
• 1Y: 75.87%
• 3Y*: 51.11%
• 5Y*: 24.59%
• 10Y*: 23.44%

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

CMWAY vs. GS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CMWAY Commonwealth Bank of Australia PK	11.39%	14.67%	30.16%	14.01%	-1.83%	21.14%	17.04%	17.00%	-13.84%	13.44%
GS The Goldman Sachs Group, Inc.	19.58%	56.64%	52.03%	15.91%	-7.87%	47.61%	17.45%	40.48%	-33.53%	7.73%

Correlation

The correlation between CMWAY and GS is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Sep 23, 2009	0.39

Fundamentals

Market Cap CMWAY : $196.16B GS : $320.63B
EPS CMWAY : $11.73 GS : $57.41
PE Ratio CMWAY : 9.99 GS : 18.13
PEG Ratio CMWAY : 1.95 GS : 2.35
PS Ratio CMWAY : 1.68 GS : 2.96
PB Ratio CMWAY : 2.54 GS : 2.61
Total Revenue (TTM) CMWAY : $116.83B GS : $110.77B
Gross Profit (TTM) CMWAY : $77.16B GS : $61.53B
EBITDA (TTM) CMWAY : $15.17B GS : $24.94B

Return for Risk

CMWAY vs. GS — Risk / Return Rank

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

CMWAY

CMWAY Risk / Return Rank: 43
CMWAY Sharpe Ratio Rank: 46
CMWAY Sortino Ratio Rank: 39
CMWAY Omega Ratio Rank: 40
CMWAY Calmar Ratio Rank: 45
CMWAY Martin Ratio Rank: 45

GS

GS Risk / Return Rank: 90
GS Sharpe Ratio Rank: 93
GS Sortino Ratio Rank: 91
GS Omega Ratio Rank: 90
GS Calmar Ratio Rank: 87
GS Martin Ratio Rank: 91

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.

CMWAY vs. GS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Commonwealth Bank of Australia PK (CMWAY) 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.

	CMWAY	GS	Difference
Sharpe ratio Return per unit of total volatility	0.14	2.80	-2.66
Sortino ratio Return per unit of downside risk	0.37	3.42	-3.05
Omega ratio Gain probability vs. loss probability	1.05	1.45	-0.40
Calmar ratio Return relative to maximum drawdown	0.18	3.93	-3.75
Martin ratio Return relative to average drawdown	0.35	13.17	-12.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CMWAY vs. GS - Sharpe Ratio Comparison

The current CMWAY Sharpe Ratio is 0.14, which is lower than the GS Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of CMWAY and GS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CMWAY	GS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.14	2.80	-2.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.89	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.79	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.33	+0.09

Drawdowns

CMWAY vs. GS - Drawdown Comparison

The maximum CMWAY drawdown since its inception was -47.71%, smaller than the maximum GS drawdown of -78.84%. Use the drawdown chart below to compare losses from any high point for CMWAY and GS.

Drawdown Indicators

	CMWAY	GS	Difference
Max Drawdown Largest peak-to-trough decline	-47.71%	-78.84%	+31.13%
Max Drawdown (1Y) Largest decline over 1 year	-21.74%	-19.42%	-2.32%
Max Drawdown (3Y) Largest decline over 3 years	-21.74%	-30.90%	+9.16%
Max Drawdown (5Y) Largest decline over 5 years	-26.39%	-32.84%	+6.45%
Max Drawdown (10Y) Largest decline over 10 years	-47.71%	-48.75%	+1.04%
Current Drawdown Current decline from peak	-11.35%	-2.21%	-9.14%
Average Drawdown Average peak-to-trough decline	-9.62%	-22.63%	+13.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.73%	5.78%	+4.95%

Volatility

CMWAY vs. GS - Volatility Comparison

Commonwealth Bank of Australia PK (CMWAY) has a higher volatility of 13.69% compared to The Goldman Sachs Group, Inc. (GS) at 8.10%. This indicates that CMWAY's price experiences larger fluctuations and is considered to be riskier than GS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CMWAY	GS	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.69%	8.10%	+5.59%
Volatility (6M) Calculated over the trailing 6-month period	22.45%	22.06%	+0.39%
Volatility (1Y) Calculated over the trailing 1-year period	27.89%	27.25%	+0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.03%	27.86%	-1.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.16%	29.76%	-2.60%

Dividends

CMWAY vs. GS - Dividend Comparison

CMWAY's dividend yield for the trailing twelve months is around 2.87%, more than GS's 1.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMWAY Commonwealth Bank of Australia PK	2.87%	2.92%	3.19%	3.96%	3.89%	3.52%	3.20%	5.24%	6.36%	7.63%	10.91%	5.13%
GS The Goldman Sachs Group, Inc.	1.63%	1.59%	2.01%	2.72%	2.62%	1.70%	1.90%	1.80%	1.89%	1.14%	1.09%	1.41%

Financials

CMWAY vs. GS - Profitability Comparison

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

CMWAY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Commonwealth Bank of Australia PK reported a gross profit of 14.50B and revenue of 34.13B. Therefore, the gross margin over that period was 42.5%.

GS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Goldman Sachs Group, Inc. reported a gross profit of 16.91B and revenue of 17.23B. Therefore, the gross margin over that period was 98.2%.

CMWAY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Commonwealth Bank of Australia PK reported an operating income of 7.62B and revenue of 34.13B, resulting in an operating margin of 22.3%.

GS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Goldman Sachs Group, Inc. reported an operating income of 6.49B and revenue of 17.23B, resulting in an operating margin of 37.7%.

CMWAY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Commonwealth Bank of Australia PK reported a net income of 4.89B and revenue of 34.13B, resulting in a net margin of 14.3%.

GS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Goldman Sachs Group, Inc. reported a net income of 5.63B and revenue of 17.23B, resulting in a net margin of 32.7%.

Frequently Asked Questions

Can I hold both CMWAY and GS in my portfolio?

CMWAY and GS have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CMWAY or GS?

CMWAY has higher volatility (13.69%) compared to GS (8.10%). In terms of maximum drawdown, CMWAY dropped -47.71% vs GS's -78.84%.

Which has better risk-adjusted returns?

GS currently has the higher Sharpe Ratio (2.80 vs 0.14), 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.