GS vs. NFLX

Last updated Jul 21, 2026

GS (The Goldman Sachs Group, Inc.) and NFLX (Netflix, Inc.) are both stocks. GS operates in Capital Markets (Financial Services), while NFLX operates in Entertainment (Communication Services). Over the past 10 years, GS returned 23.24%/yr vs 22.91%/yr for NFLX. At a 0.27 correlation, their price movements are largely independent.

Performance

GS vs. NFLX - Performance Comparison

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

Returns By Period

In the year-to-date period, GS achieves a 21.19% return, which is significantly higher than NFLX's -27.90% return. Both investments have delivered pretty close results over the past 10 years, with GS having a 23.24% annualized return and NFLX not far behind at 22.91%.

GS

• 1D: -0.96%
• 1M: -3.79%
• 6M: 10.73%
• YTD: 21.19%
• 1Y: 51.96%
• 3Y*: 47.60%
• 5Y*: 26.10%
• 10Y*: 23.24%
• ALL TIME*: 11.68%

NFLX

• 1D: -1.96%
• 1M: -12.64%
• 6M: -23.18%
• YTD: -27.90%
• 1Y: -44.10%
• 3Y*: 16.50%
• 5Y*: 5.65%
• 10Y*: 22.91%
• ALL TIME*: 30.17%

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

GS vs. NFLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GS The Goldman Sachs Group, Inc.	21.19%	56.64%	52.03%	15.91%	-7.87%	47.61%	17.45%	40.48%	-33.53%	7.73%
NFLX Netflix, Inc.	-27.90%	5.19%	83.07%	65.11%	-51.05%	11.41%	67.11%	20.89%	39.44%	55.06%

Correlation

The correlation between GS and NFLX is 0.04, 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	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since May 23, 2002	0.27

Over the past year, the correlation between GS and NFLX has dropped to 0.04 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.

Fundamentals

Market Cap GS : $311.24B NFLX : $284.65B
EPS GS : $67.36 NFLX : $3.17
PE Ratio GS : 15.66 NFLX : 21.32
PEG Ratio GS : 2.03 NFLX : 0.84
PS Ratio GS : 2.79 NFLX : 6.02
PB Ratio GS : 1.93 NFLX : 9.55
Total Revenue (TTM) GS : $117.94B NFLX : $48.37B
Gross Profit (TTM) GS : $67.57B NFLX : $23.76B
EBITDA (TTM) GS : $31.39B NFLX : $30.55B

Return for Risk

GS vs. NFLX — Risk / Return Rank

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

GS

GS Risk / Return Rank: 86
GS Sharpe Ratio Rank: 88
GS Sortino Ratio Rank: 85
GS Omega Ratio Rank: 84
GS Calmar Ratio Rank: 85
GS Martin Ratio Rank: 88

NFLX

NFLX Risk / Return Rank: 3
NFLX Sharpe Ratio Rank: 2
NFLX Sortino Ratio Rank: 3
NFLX Omega Ratio Rank: 4
NFLX Calmar Ratio Rank: 5
NFLX Martin Ratio Rank: 3

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. NFLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Goldman Sachs Group, Inc. (GS) and Netflix, Inc. (NFLX). 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	NFLX	Difference
Sharpe ratio: Return per unit of total volatility	1.71	-1.27	+2.98
Sortino ratio: Return per unit of downside risk	2.35	-1.98	+4.33
Omega ratio: Gain probability vs. loss probability	1.30	0.75	+0.55
Calmar ratio: Return relative to maximum drawdown	2.69	-0.95	+3.64
Martin ratio: Return relative to average drawdown	8.63	-1.76	+10.39

GS vs. NFLX - Sharpe Ratio Comparison

The current GS Sharpe Ratio is 1.71, which is higher than the NFLX Sharpe Ratio of -1.27. The chart below compares the historical Sharpe Ratios of GS and NFLX, 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

GS vs. NFLX - Drawdown Comparison

The maximum GS drawdown since its inception was -78.84%, roughly equal to the maximum NFLX drawdown of -81.99%. Use the drawdown chart below to compare losses from any high point for GS and NFLX.

Drawdown Indicators

	GS	NFLX	Difference
Max Drawdown Largest peak-to-trough decline	-78.84%	-81.99%	+3.15%
Max Drawdown (1Y) Largest decline over 1 year	-19.42%	-46.49%	+27.07%
Max Drawdown (3Y) Largest decline over 3 years	-30.90%	-49.52%	+18.62%
Max Drawdown (5Y) Largest decline over 5 years	-32.84%	-75.95%	+43.11%
Max Drawdown (10Y) Largest decline over 10 years	-48.75%	-75.95%	+27.20%
Current Drawdown Current decline from peak	-8.42%	-49.52%	+41.10%
Average Drawdown Average peak-to-trough decline	-22.58%	-24.98%	+2.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.04%	25.06%	-19.02%

Volatility

GS vs. NFLX - Volatility Comparison

The Goldman Sachs Group, Inc. (GS) and Netflix, Inc. (NFLX) have volatilities of 12.80% and 13.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GS	NFLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.80%	13.34%	-0.54%
Volatility (6M) Calculated over the trailing 6-month period	25.19%	27.81%	-2.62%
Volatility (1Y) Calculated over the trailing 1-year period	30.64%	34.79%	-4.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.40%	43.50%	-15.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.97%	41.38%	-11.41%

Dividends

GS vs. NFLX - Dividend Comparison

GS's dividend yield for the trailing twelve months is around 1.61%, while NFLX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GS The Goldman Sachs Group, Inc.	1.61%	1.59%	2.01%	2.72%	2.62%	1.70%	1.90%	1.80%	1.89%	1.14%	1.09%	1.41%
NFLX Netflix, 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%

Financials

GS vs. NFLX - Profitability Comparison

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

Portfolio components

GS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.

NFLX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Netflix, Inc. reported a gross profit of 6.52B and revenue of 12.56B. Therefore, the gross margin over that period was 51.9%.

GS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.

NFLX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Netflix, Inc. reported an operating income of 4.19B and revenue of 12.56B, resulting in an operating margin of 33.4%.

GS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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%.

NFLX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Netflix, Inc. reported a net income of 3.40B and revenue of 12.56B, resulting in a net margin of 27.1%.

Frequently Asked Questions

Can I hold both GS and NFLX in my portfolio?

GS and NFLX have a correlation of 0.04, 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 NFLX?

NFLX has higher volatility (13.34%) compared to GS (12.80%). In terms of maximum drawdown, GS dropped -78.84% vs NFLX's -81.99%.

Which has better risk-adjusted returns?

GS currently has the higher Sharpe Ratio (1.71 vs -1.27), 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.