GS vs. HG
GS (The Goldman Sachs Group, Inc.) and HG (Hamilton Insurance Group Ltd.) are both stocks. Both are in the Financial Services sector — GS in Capital Markets, HG in Insurance - Reinsurance. Over the past year, GS returned 76.70% vs 61.78% for HG. At a 0.20 correlation, their price movements are largely independent.
Performance
GS vs. HG - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with GS having a 22.08% return and HG slightly higher at 22.35%.
GS
- 1D
- 2.62%
- 1M
- 12.54%
- YTD
- 22.08%
- 6M
- 20.84%
- 1Y
- 76.70%
- 3Y*
- 49.31%
- 5Y*
- 25.98%
- 10Y*
- 24.48%
HG
- 1D
- -0.03%
- 1M
- 0.19%
- YTD
- 22.35%
- 6M
- 21.31%
- 1Y
- 61.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GS vs. HG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GS The Goldman Sachs Group, Inc. | 22.08% | 56.64% | 52.03% | 21.25% |
HG Hamilton Insurance Group Ltd. | 22.35% | 46.61% | 27.29% | -1.97% |
Correlation
The correlation between GS and HG is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2023 | 0.20 |
Fundamentals
GS:
$57.41
HG:
$8.27
GS:
18.51
HG:
3.86
GS:
2.40
HG:
0.07
GS:
3.02
HG:
0.84
GS:
$110.77B
HG:
$2.90B
GS:
$61.53B
HG:
$1.76B
GS:
$24.94B
HG:
$1.36B
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Return for Risk
GS vs. HG — Risk / Return Rank
GS
HG
GS vs. HG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Goldman Sachs Group, Inc. (GS) and Hamilton Insurance Group Ltd. (HG). 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.
| GS | HG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.36 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.80 | 4.72 | -0.92 |
| Martin ratioReturn relative to average drawdown | 12.61 | 16.71 | -4.09 |
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Drawdowns
GS vs. HG - Drawdown Comparison
The maximum GS drawdown since its inception was -78.84%, which is greater than HG's maximum drawdown of -21.07%. Use the drawdown chart below to compare losses from any high point for GS and HG.
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Drawdown Indicators
| GS | HG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.84% | -21.07% | -57.77% |
Max Drawdown (1Y)Largest decline over 1 year | -19.42% | -12.69% | -6.73% |
Max Drawdown (3Y)Largest decline over 3 years | -30.90% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.84% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.75% | — | — |
Current DrawdownCurrent decline from peak | -2.73% | -2.71% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -22.65% | -5.42% | -17.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.84% | 3.58% | +2.26% |
Volatility
GS vs. HG - Volatility Comparison
The Goldman Sachs Group, Inc. (GS) has a higher volatility of 11.84% compared to Hamilton Insurance Group Ltd. (HG) at 8.69%. This indicates that GS's price experiences larger fluctuations and is considered to be riskier than HG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GS | HG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.84% | 8.69% | +3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 23.47% | 18.52% | +4.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.55% | 27.89% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.10% | 31.39% | -3.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.87% | 31.39% | -1.52% |
Dividends
GS vs. HG - Dividend Comparison
GS's dividend yield for the trailing twelve months is around 1.60%, less than HG's 6.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GS The Goldman Sachs Group, Inc. | 1.60% | 1.59% | 2.01% | 2.72% | 2.62% | 1.70% | 1.90% | 1.80% | 1.89% | 1.14% | 1.09% | 1.41% |
HG Hamilton Insurance Group Ltd. | 6.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
GS vs. HG - Financials Comparison
This section allows you to compare key financial metrics between The Goldman Sachs Group, Inc. and Hamilton Insurance Group Ltd.. 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
GS vs. HG - Profitability Comparison
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%.
HG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hamilton Insurance Group Ltd. reported a gross profit of 754.89M and revenue of 758.91M. Therefore, the gross margin over that period was 99.5%.
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%.
HG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hamilton Insurance Group Ltd. reported an operating income of 693.42M and revenue of 758.91M, resulting in an operating margin of 91.4%.
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%.
HG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hamilton Insurance Group Ltd. reported a net income of 133.54M and revenue of 758.91M, resulting in a net margin of 17.6%.
Frequently Asked Questions
GS and HG have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GS has higher volatility (11.84%) compared to HG (8.69%). In terms of maximum drawdown, GS dropped -78.84% vs HG's -21.07%.
GS currently has the higher Sharpe Ratio (2.59 vs 2.15), 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.
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