GBR vs. GS

Last updated Jul 14, 2026

GBR (New Concept Energy, Inc.) and GS (The Goldman Sachs Group, Inc.) are both stocks. GBR operates in Real Estate - Services (Real Estate), while GS operates in Capital Markets (Financial Services). Over the past 10 years, GBR returned -10.12%/yr vs 23.04%/yr for GS. At a 0.08 correlation, their price movements are largely independent.

Performance

GBR vs. GS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in New Concept Energy, Inc. (GBR) 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, GBR achieves a -5.13% return, which is significantly lower than GS's 20.14% return. Over the past 10 years, GBR has underperformed GS with an annualized return of -10.12%, while GS has yielded a comparatively higher 23.04% annualized return.

GBR

• 1D: 1.93%
• 1M: -4.23%
• 6M: -15.53%
• YTD: -5.13%
• 1Y: -31.19%
• 3Y*: -12.83%
• 5Y*: -31.65%
• 10Y*: -10.12%

GS

• 1D: -0.88%
• 1M: -1.58%
• 6M: 11.22%
• YTD: 20.14%
• 1Y: 51.35%
• 3Y*: 50.95%
• 5Y*: 25.82%
• 10Y*: 23.04%

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

GBR vs. GS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GBR New Concept Energy, Inc.	-5.13%	-35.61%	16.01%	-8.26%	-54.20%	22.80%	57.57%	-12.14%	-10.26%	-27.78%
GS The Goldman Sachs Group, Inc.	20.14%	56.64%	52.03%	15.91%	-7.87%	47.61%	17.45%	40.48%	-33.53%	7.73%

Correlation

The correlation between GBR and GS is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	0.12
Correlation (All Time) Calculated using the full available price history since May 4, 1999	0.08

Fundamentals

Market Cap GBR : $3.62M GS : $308.55B
EPS GBR : -$0.02 GS : $57.63
PS Ratio GBR : 23.77 GS : 2.96
Total Revenue (TTM) GBR : $153.00K GS : $110.77B
Gross Profit (TTM) GBR : $139.00K GS : $61.53B
EBITDA (TTM) GBR : -$203.00K GS : $24.94B

Return for Risk

GBR vs. GS — Risk / Return Rank

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

GBR

GBR Risk / Return Rank: 25
GBR Sharpe Ratio Rank: 27
GBR Sortino Ratio Rank: 30
GBR Omega Ratio Rank: 31
GBR Calmar Ratio Rank: 16
GBR Martin Ratio Rank: 22

GS

GS Risk / Return Rank: 87
GS Sharpe Ratio Rank: 89
GS Sortino Ratio Rank: 86
GS Omega Ratio Rank: 85
GS Calmar Ratio Rank: 85
GS Martin Ratio Rank: 88

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.

GBR vs. GS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for New Concept Energy, Inc. (GBR) 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.

	GBR	GS	Difference
Sharpe ratio: Return per unit of total volatility	-0.39	1.80	-2.18
Sortino ratio: Return per unit of downside risk	-0.14	2.40	-2.54
Omega ratio: Gain probability vs. loss probability	0.98	1.31	-0.32
Calmar ratio: Return relative to maximum drawdown	-0.72	2.66	-3.38
Martin ratio: Return relative to average drawdown	-1.05	8.60	-9.65

GBR vs. GS - Sharpe Ratio Comparison

The current GBR Sharpe Ratio is -0.39, which is lower than the GS Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of GBR 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.

Drawdowns

GBR vs. GS - Drawdown Comparison

The maximum GBR drawdown since its inception was -99.74%, which is greater than GS's maximum drawdown of -78.84%. Use the drawdown chart below to compare losses from any high point for GBR and GS.

Drawdown Indicators

	GBR	GS	Difference
Max Drawdown Largest peak-to-trough decline	-99.74%	-78.84%	-20.90%
Max Drawdown (1Y) Largest decline over 1 year	-43.19%	-19.42%	-23.77%
Max Drawdown (3Y) Largest decline over 3 years	-61.86%	-30.90%	-30.96%
Max Drawdown (5Y) Largest decline over 5 years	-87.31%	-32.84%	-54.47%
Max Drawdown (10Y) Largest decline over 10 years	-97.30%	-48.75%	-48.55%
Current Drawdown Current decline from peak	-99.70%	-5.46%	-94.24%
Average Drawdown Average peak-to-trough decline	-88.13%	-22.60%	-65.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.88%	5.99%	+23.89%

Volatility

GBR vs. GS - Volatility Comparison

New Concept Energy, Inc. (GBR) has a higher volatility of 13.02% compared to The Goldman Sachs Group, Inc. (GS) at 8.48%. This indicates that GBR'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

	GBR	GS	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.02%	8.48%	+4.54%
Volatility (6M) Calculated over the trailing 6-month period	56.77%	23.40%	+33.37%
Volatility (1Y) Calculated over the trailing 1-year period	81.16%	28.78%	+52.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.67%	28.07%	+53.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	331.32%	29.78%	+301.54%

Dividends

GBR vs. GS - Dividend Comparison

GBR has not paid dividends to shareholders, while GS's dividend yield for the trailing twelve months is around 1.63%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GBR New Concept Energy, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Frequently Asked Questions

Can I hold both GBR and GS in my portfolio?

GBR and GS have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GBR or GS?

GBR has higher volatility (13.02%) compared to GS (8.48%). In terms of maximum drawdown, GBR dropped -99.74% vs GS's -78.84%.

Which has better risk-adjusted returns?

GS currently has the higher Sharpe Ratio (1.80 vs -0.39), 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.