GS vs. QQQ
GS (The Goldman Sachs Group, Inc.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, GS returned 23.24%/yr vs 20.72%/yr for QQQ. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
GS vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, GS achieves a 21.19% return, which is significantly higher than QQQ's 13.58% return. Over the past 10 years, GS has outperformed QQQ with an annualized return of 23.24%, while QQQ has yielded a comparatively lower 20.72% annualized return.
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%
QQQ
- 1D
- 0.10%
- 1M
- -5.91%
- 6M
- 12.30%
- YTD
- 13.58%
- 1Y
- 24.61%
- 3Y*
- 23.54%
- 5Y*
- 14.68%
- 10Y*
- 20.72%
- ALL TIME*
- 10.70%
GS vs. QQQ - 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% |
QQQ Invesco QQQ ETF | 13.58% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between GS and QQQ is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 4, 1999 | 0.56 |
The correlation between GS and QQQ has been stable across timeframes, ranging from 0.50 to 0.57 - a consistent structural relationship.
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Return for Risk
GS vs. QQQ — Risk / Return Rank
GS
QQQ
GS vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Goldman Sachs Group, Inc. (GS) and Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.23 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 2.07 | +0.62 |
| Martin ratioReturn relative to average drawdown | 8.63 | 7.22 | +1.41 |
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Drawdowns
GS vs. QQQ - Drawdown Comparison
The maximum GS drawdown since its inception was -78.84%, roughly equal to the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for GS and QQQ.
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Drawdown Indicators
| GS | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.84% | -82.97% | +4.13% |
Max Drawdown (1Y)Largest decline over 1 year | -19.42% | -11.96% | -7.46% |
Max Drawdown (3Y)Largest decline over 3 years | -30.90% | -22.77% | -8.13% |
Max Drawdown (5Y)Largest decline over 5 years | -32.84% | -35.12% | +2.28% |
Max Drawdown (10Y)Largest decline over 10 years | -48.75% | -35.12% | -13.63% |
Current DrawdownCurrent decline from peak | -8.42% | -6.61% | -1.81% |
Average DrawdownAverage peak-to-trough decline | -22.58% | -32.65% | +10.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.04% | 3.42% | +2.62% |
Volatility
GS vs. QQQ - Volatility Comparison
The Goldman Sachs Group, Inc. (GS) has a higher volatility of 12.80% compared to Invesco QQQ ETF (QQQ) at 7.41%. This indicates that GS's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GS | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.80% | 7.41% | +5.39% |
Volatility (6M)Calculated over the trailing 6-month period | 25.19% | 15.55% | +9.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.64% | 18.78% | +11.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.40% | 22.81% | +5.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.97% | 22.45% | +7.52% |
Dividends
GS vs. QQQ - Dividend Comparison
GS's dividend yield for the trailing twelve months is around 1.61%, more than QQQ's 0.44% yield.
| 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% |
QQQ Invesco QQQ ETF | 0.44% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
GS and QQQ have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GS has higher volatility (12.80%) compared to QQQ (7.41%). In terms of maximum drawdown, GS dropped -78.84% vs QQQ's -82.97%.
GS currently has the higher Sharpe Ratio (1.71 vs 1.32), 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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