GS vs. GOOGL

Last updated Jun 6, 2026

GS (The Goldman Sachs Group, Inc.) and GOOGL (Alphabet Inc. Class A) are both stocks. GS operates in Capital Markets (Financial Services), while GOOGL operates in Internet Content & Information (Communication Services). Over the past 10 years, GS returned 23.45%/yr vs 26.10%/yr for GOOGL. At a 0.41 correlation, their price movements are largely independent.

Performance

GS vs. GOOGL - Performance Comparison

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

Returns By Period

In the year-to-date period, GS achieves a 19.31% return, which is significantly higher than GOOGL's 17.82% return. Over the past 10 years, GS has underperformed GOOGL with an annualized return of 23.45%, while GOOGL has yielded a comparatively higher 26.10% annualized return.

GS

• 1D: -4.94%
• 1M: 11.30%
• YTD: 19.31%
• 6M: 22.72%
• 1Y: 74.88%
• 3Y*: 50.51%
• 5Y*: 24.53%
• 10Y*: 23.45%

GOOGL

• 1D: -0.98%
• 1M: -7.41%
• YTD: 17.82%
• 6M: 14.87%
• 1Y: 119.85%
• 3Y*: 42.91%
• 5Y*: 25.43%
• 10Y*: 26.10%

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

GS vs. GOOGL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GS The Goldman Sachs Group, Inc.	19.31%	56.64%	52.03%	15.91%	-7.87%	47.61%	17.45%	40.48%	-33.53%	7.73%
GOOGL Alphabet Inc. Class A	17.82%	65.99%	36.01%	58.32%	-39.09%	65.30%	30.85%	28.18%	-0.80%	32.93%

Correlation

The correlation between GS and GOOGL is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Aug 20, 2004	0.41

The correlation between GS and GOOGL shifts across timeframes, from 0.28 (3 years) to 0.41 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap GS : $319.91B GOOGL : $4.51T
EPS GS : $57.41 GOOGL : $13.11
PE Ratio GS : 18.09 GOOGL : 28.10
PEG Ratio GS : 2.34 GOOGL : 1.38
PS Ratio GS : 2.95 GOOGL : 10.65
PB Ratio GS : 2.60 GOOGL : 9.42
Total Revenue (TTM) GS : $110.77B GOOGL : $422.57B
Gross Profit (TTM) GS : $61.53B GOOGL : $255.12B
EBITDA (TTM) GS : $24.94B GOOGL : $174.08B

Return for Risk

GS vs. GOOGL — Risk / Return Rank

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

GS

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

GOOGL

GOOGL Risk / Return Rank: 96
GOOGL Sharpe Ratio Rank: 98
GOOGL Sortino Ratio Rank: 98
GOOGL Omega Ratio Rank: 96
GOOGL Calmar Ratio Rank: 93
GOOGL Martin Ratio Rank: 96

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.

GS vs. GOOGL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Goldman Sachs Group, Inc. (GS) and Alphabet Inc. Class A (GOOGL). 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.

	GS	GOOGL	Difference
Sharpe ratio: Return per unit of total volatility	2.68	4.10	-1.43
Sortino ratio: Return per unit of downside risk	3.28	5.42	-2.14
Omega ratio: Gain probability vs. loss probability	1.43	1.65	-0.22
Calmar ratio: Return relative to maximum drawdown	3.88	5.92	-2.04
Martin ratio: Return relative to average drawdown	12.98	21.69	-8.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GS vs. GOOGL - Sharpe Ratio Comparison

The current GS Sharpe Ratio is 2.68, which is lower than the GOOGL Sharpe Ratio of 4.10. The chart below compares the historical Sharpe Ratios of GS and GOOGL, 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

	GS	GOOGL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	4.10	-1.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	0.82	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.90	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.84	-0.51

Drawdowns

GS vs. GOOGL - Drawdown Comparison

The maximum GS drawdown since its inception was -78.84%, which is greater than GOOGL's maximum drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for GS and GOOGL.

Drawdown Indicators

	GS	GOOGL	Difference
Max Drawdown Largest peak-to-trough decline	-78.84%	-65.29%	-13.55%
Max Drawdown (1Y) Largest decline over 1 year	-19.42%	-20.37%	+0.95%
Max Drawdown (3Y) Largest decline over 3 years	-30.90%	-29.81%	-1.09%
Max Drawdown (5Y) Largest decline over 5 years	-32.84%	-44.32%	+11.48%
Max Drawdown (10Y) Largest decline over 10 years	-48.75%	-44.32%	-4.43%
Current Drawdown Current decline from peak	-4.94%	-8.47%	+3.53%
Average Drawdown Average peak-to-trough decline	-22.62%	-13.02%	-9.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.79%	5.55%	+0.24%

Volatility

GS vs. GOOGL - Volatility Comparison

The Goldman Sachs Group, Inc. (GS) has a higher volatility of 10.72% compared to Alphabet Inc. Class A (GOOGL) at 8.63%. This indicates that GS's price experiences larger fluctuations and is considered to be riskier than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GS	GOOGL	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.72%	8.63%	+2.09%
Volatility (6M) Calculated over the trailing 6-month period	23.01%	20.86%	+2.15%
Volatility (1Y) Calculated over the trailing 1-year period	28.11%	29.37%	-1.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.03%	31.31%	-3.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.83%	29.12%	+0.71%

Dividends

GS vs. GOOGL - Dividend Comparison

GS's dividend yield for the trailing twelve months is around 1.64%, more than GOOGL's 0.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GOOGL Alphabet Inc. Class A	0.23%	0.27%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GS The Goldman Sachs Group, Inc.	1.64%	1.59%	2.01%	2.72%	2.62%	1.70%	1.90%	1.80%	1.89%	1.14%	1.09%	1.41%

Financials

GS vs. GOOGL - Profitability Comparison

The chart below illustrates the profitability comparison between The Goldman Sachs Group, Inc. and Alphabet Inc. Class A over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

GOOGL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported a gross profit of 68.63B and revenue of 109.90B. Therefore, the gross margin over that period was 62.5%.

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%.

GOOGL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported an operating income of 39.70B and revenue of 109.90B, resulting in an operating margin of 36.1%.

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%.

GOOGL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported a net income of 62.58B and revenue of 109.90B, resulting in a net margin of 56.9%.

Frequently Asked Questions

Can I hold both GS and GOOGL in my portfolio?

GS and GOOGL have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GS or GOOGL?

GS has higher volatility (10.72%) compared to GOOGL (8.63%). In terms of maximum drawdown, GS dropped -78.84% vs GOOGL's -65.29%.

Which has better risk-adjusted returns?

GOOGL currently has the higher Sharpe Ratio (4.10 vs 2.68), 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.