GS vs. SCHW

Last updated Jul 30, 2026

GS (The Goldman Sachs Group, Inc.) and SCHW (The Charles Schwab Corporation) are both stocks. Both operate in the Capital Markets industry within the Financial Services sector. Over the past 10 years, GS returned 22.46%/yr vs 15.37%/yr for SCHW. Their 0.62 correlation means they have sometimes moved together and sometimes differently.

Performance

GS vs. SCHW - Performance Comparison

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

Returns By Period

In the year-to-date period, GS achieves a 12.66% return, which is significantly higher than SCHW's 5.29% return. Over the past 10 years, GS has outperformed SCHW with an annualized return of 22.46%, while SCHW has yielded a comparatively lower 15.37% annualized return.

GS

• 1D: -5.09%
• 1M: -3.87%
• 6M: 5.71%
• YTD: 12.66%
• 1Y: 36.68%
• 3Y*: 43.88%
• 5Y*: 24.18%
• 10Y*: 22.46%
• ALL TIME*: 11.37%

SCHW

• 1D: -1.42%
• 1M: 15.37%
• 6M: 1.67%
• YTD: 5.29%
• 1Y: 8.05%
• 3Y*: 18.22%
• 5Y*: 10.44%
• 10Y*: 15.37%
• ALL TIME*: 19.07%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GS The Goldman Sachs Group, Inc.	$2.19B	$2.16B	$2.24B
SCHW The Charles Schwab Corporation	$927.09M	$889.38M	$997.35M

GS vs. SCHW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GS The Goldman Sachs Group, Inc.	12.66%	56.64%	52.03%	15.91%	-7.87%	47.61%	17.45%	40.48%	-33.53%	7.73%
SCHW The Charles Schwab Corporation	5.29%	36.65%	9.17%	-15.97%	0.11%	60.23%	13.57%	16.38%	-18.43%	31.15%

Correlation

The correlation between GS and SCHW is 0.39, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.39
Correlation (3Y) Balances recent behavior with more history.	0.52
Correlation (5Y) Shows whether the relationship held over a longer period.	0.56
Correlation (10Y) Provides a long-term view across more market conditions.	0.62
Correlation (All Time) Calculated using the full available price history since May 4, 1999	0.62

Over the past year, the correlation between GS and SCHW has dropped to 0.39 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.

Fundamentals

Market Cap GS : $289.33B SCHW : $181.69B
EPS GS : $67.36 SCHW : $5.70
PE Ratio GS : 14.56 SCHW : 18.33
PEG Ratio GS : 1.88 SCHW : 1.05
PS Ratio GS : 2.59 SCHW : 8.93
PB Ratio GS : 1.79 SCHW : 58.94
Total Revenue (TTM) GS : $117.94B SCHW : $20.71B
Gross Profit (TTM) GS : $67.57B SCHW : $14.76B
EBITDA (TTM) GS : $31.39B SCHW : $11.42B

Return for Risk

GS vs. SCHW — Risk / Return Rank

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

GS

GS Risk / Return Rank: 78
GS Sharpe Ratio Rank: 80
GS Sortino Ratio Rank: 76
GS Omega Ratio Rank: 75
GS Calmar Ratio Rank: 78
GS Martin Ratio Rank: 83

SCHW

SCHW Risk / Return Rank: 54
SCHW Sharpe Ratio Rank: 58
SCHW Sortino Ratio Rank: 49
SCHW Omega Ratio Rank: 50
SCHW Calmar Ratio Rank: 56
SCHW Martin Ratio Rank: 57

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. SCHW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Goldman Sachs Group, Inc. (GS) and The Charles Schwab Corporation (SCHW). 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	SCHW	Difference
Sharpe ratio: Return per unit of total volatility	1.18	0.32	+0.86
Sortino ratio: Return per unit of downside risk	1.75	0.57	+1.18
Omega ratio: Gain probability vs. loss probability	1.22	1.08	+0.14
Calmar ratio: Return relative to maximum drawdown	1.90	0.41	+1.49
Martin ratio: Return relative to average drawdown	5.91	0.89	+5.03

GS vs. SCHW - Sharpe Ratio Comparison

The current GS Sharpe Ratio is 1.18, which is higher than the SCHW Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of GS and SCHW, 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. SCHW - Drawdown Comparison

The maximum GS drawdown since its inception was -78.84%, smaller than the maximum SCHW drawdown of -86.79%. Use the drawdown chart below to compare losses from any high point for GS and SCHW.

Drawdown Indicators

	GS	SCHW	Difference
Max Drawdown Largest peak-to-trough decline	-78.84%	-86.79%	+7.95%
Max Drawdown (1Y) Largest decline over 1 year	-19.42%	-19.83%	+0.41%
Max Drawdown (3Y) Largest decline over 3 years	-30.90%	-25.08%	-5.82%
Max Drawdown (5Y) Largest decline over 5 years	-32.84%	-49.70%	+16.86%
Max Drawdown (10Y) Largest decline over 10 years	-48.75%	-51.08%	+2.33%
Current Drawdown Current decline from peak	-14.87%	-1.88%	-12.99%
Average Drawdown Average peak-to-trough decline	-22.57%	-35.44%	+12.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.22%	9.08%	-2.86%

Volatility

GS vs. SCHW - Volatility Comparison

The Goldman Sachs Group, Inc. (GS) has a higher volatility of 13.67% compared to The Charles Schwab Corporation (SCHW) at 7.29%. This indicates that GS's price experiences larger fluctuations and is considered to be riskier than SCHW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GS	SCHW	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.67%	7.29%	+6.38%
Volatility (6M) Calculated over the trailing 6-month period	25.66%	20.78%	+4.88%
Volatility (1Y) Calculated over the trailing 1-year period	31.22%	25.33%	+5.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.54%	32.13%	-3.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.04%	33.11%	-3.07%

Dividends

GS vs. SCHW - Dividend Comparison

GS's dividend yield for the trailing twelve months is around 1.73%, more than SCHW's 1.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GS The Goldman Sachs Group, Inc.	1.73%	1.59%	2.01%	2.72%	2.62%	1.70%	1.90%	1.80%	1.89%	1.14%	1.09%	1.41%
SCHW The Charles Schwab Corporation	1.13%	1.08%	1.35%	1.45%	1.01%	0.86%	1.36%	1.43%	1.11%	0.62%	0.68%	0.73%

Financials

Frequently Asked Questions

Can I hold both GS and SCHW in my portfolio?

GS and SCHW have a correlation of 0.39, 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 SCHW?

GS has higher volatility (13.67%) compared to SCHW (7.29%). In terms of maximum drawdown, GS dropped -78.84% vs SCHW's -86.79%.

Which has better risk-adjusted returns?

GS currently has the higher Sharpe Ratio (1.18 vs 0.32), 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.