GS vs. PIPR
GS (The Goldman Sachs Group, Inc.) and PIPR (Piper Sandler Companies) are both stocks. Both operate in the Capital Markets industry within the Financial Services sector. Over the past 10 years, GS returned 24.48%/yr vs 26.97%/yr for PIPR. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
GS vs. PIPR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GS achieves a 22.08% return, which is significantly higher than PIPR's -4.90% return. Over the past 10 years, GS has underperformed PIPR with an annualized return of 24.48%, while PIPR has yielded a comparatively higher 26.97% annualized return.
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%
PIPR
- 1D
- 1.45%
- 1M
- 0.58%
- YTD
- -4.90%
- 6M
- -9.30%
- 1Y
- 28.81%
- 3Y*
- 34.90%
- 5Y*
- 23.04%
- 10Y*
- 26.97%
GS vs. PIPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GS The Goldman Sachs Group, Inc. | 22.08% | 56.64% | 52.03% | 15.91% | -7.87% | 47.61% | 17.45% | 40.48% | -33.53% | 7.73% |
PIPR Piper Sandler Companies | -4.90% | 15.52% | 74.24% | 37.78% | -23.41% | 85.33% | 29.64% | 23.88% | -20.69% | 21.22% |
Correlation
The correlation between GS and PIPR is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2004 | 0.61 |
The correlation between GS and PIPR has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.
Fundamentals
GS:
$327.33B
PIPR:
$5.63B
GS:
$57.41
PIPR:
$3.96
GS:
18.51
PIPR:
19.97
GS:
2.40
PIPR:
1.32
GS:
3.02
PIPR:
2.81
GS:
2.66
PIPR:
4.20
GS:
$110.77B
PIPR:
$2.00B
GS:
$61.53B
PIPR:
$1.95B
GS:
$24.94B
PIPR:
$455.82M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GS vs. PIPR — Risk / Return Rank
GS
PIPR
GS vs. PIPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Goldman Sachs Group, Inc. (GS) and Piper Sandler Companies (PIPR). 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 | PIPR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.84 | ||
| Sortino ratioReturn per unit of downside risk | +2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.16 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.80 | 1.05 | +2.75 |
| Martin ratioReturn relative to average drawdown | 12.61 | 2.47 | +10.14 |
Loading charts...
Drawdowns
GS vs. PIPR - Drawdown Comparison
The maximum GS drawdown since its inception was -78.84%, roughly equal to the maximum PIPR drawdown of -76.97%. Use the drawdown chart below to compare losses from any high point for GS and PIPR.
Loading charts...
Drawdown Indicators
| GS | PIPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.84% | -76.97% | -1.87% |
Max Drawdown (1Y)Largest decline over 1 year | -19.42% | -24.56% | +5.14% |
Max Drawdown (3Y)Largest decline over 3 years | -30.90% | -38.78% | +7.88% |
Max Drawdown (5Y)Largest decline over 5 years | -32.84% | -42.30% | +9.46% |
Max Drawdown (10Y)Largest decline over 10 years | -48.75% | -63.02% | +14.27% |
Current DrawdownCurrent decline from peak | -2.73% | -14.55% | +11.82% |
Average DrawdownAverage peak-to-trough decline | -22.65% | -30.60% | +7.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.84% | 10.38% | -4.54% |
Volatility
GS vs. PIPR - Volatility Comparison
The Goldman Sachs Group, Inc. (GS) has a higher volatility of 11.84% compared to Piper Sandler Companies (PIPR) at 8.01%. This indicates that GS's price experiences larger fluctuations and is considered to be riskier than PIPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GS | PIPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.84% | 8.01% | +3.83% |
Volatility (6M)Calculated over the trailing 6-month period | 23.47% | 26.83% | -3.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.55% | 34.44% | -5.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.10% | 35.28% | -7.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.87% | 36.67% | -6.80% |
Dividends
GS vs. PIPR - Dividend Comparison
GS's dividend yield for the trailing twelve months is around 1.60%, less than PIPR's 2.50% 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% |
PIPR Piper Sandler Companies | 2.50% | 1.68% | 1.17% | 2.09% | 5.30% | 3.81% | 1.98% | 1.88% | 4.74% | 1.45% | 0.00% | 0.00% |
Financials
GS vs. PIPR - Financials Comparison
This section allows you to compare key financial metrics between The Goldman Sachs Group, Inc. and Piper Sandler Companies. 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. PIPR - 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%.
PIPR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Piper Sandler Companies reported a gross profit of 456.39M and revenue of 475.15M. Therefore, the gross margin over that period was 96.1%.
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%.
PIPR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Piper Sandler Companies reported an operating income of 88.67M and revenue of 475.15M, resulting in an operating margin of 18.7%.
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%.
PIPR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Piper Sandler Companies reported a net income of 65.24M and revenue of 475.15M, resulting in a net margin of 13.7%.
Frequently Asked Questions
GS and PIPR have a correlation of 0.61, 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 PIPR (8.01%). In terms of maximum drawdown, GS dropped -78.84% vs PIPR's -76.97%.
GS currently has the higher Sharpe Ratio (2.59 vs 0.75), 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.
Find the right allocation for GS and PIPR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer