GS vs. VOO
GS (The Goldman Sachs Group, Inc.) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, GS returned 24.74%/yr vs 15.55%/yr for VOO. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
GS vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, GS achieves a 25.96% return, which is significantly higher than VOO's 10.07% return. Over the past 10 years, GS has outperformed VOO with an annualized return of 24.74%, while VOO has yielded a comparatively lower 15.55% annualized return.
GS
- 1D
- -0.23%
- 1M
- 18.59%
- YTD
- 25.96%
- 6M
- 26.35%
- 1Y
- 76.10%
- 3Y*
- 51.50%
- 5Y*
- 28.83%
- 10Y*
- 24.74%
VOO
- 1D
- 0.98%
- 1M
- 2.00%
- YTD
- 10.07%
- 6M
- 11.29%
- 1Y
- 26.79%
- 3Y*
- 20.91%
- 5Y*
- 14.06%
- 10Y*
- 15.55%
GS vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GS The Goldman Sachs Group, Inc. | 25.96% | 56.64% | 52.03% | 15.91% | -7.87% | 47.61% | 17.45% | 40.48% | -33.53% | 7.73% |
VOO Vanguard S&P 500 ETF | 10.07% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between GS and VOO is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.68 |
The correlation between GS and VOO has been stable across timeframes, ranging from 0.64 to 0.68 - a consistent structural relationship.
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Return for Risk
GS vs. VOO — Risk / Return Rank
GS
VOO
GS vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Goldman Sachs Group, Inc. (GS) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.39 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.94 | 3.02 | +0.92 |
| Martin ratioReturn relative to average drawdown | 13.07 | 13.61 | -0.54 |
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Drawdowns
GS vs. VOO - Drawdown Comparison
The maximum GS drawdown since its inception was -78.84%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for GS and VOO.
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Drawdown Indicators
| GS | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.84% | -33.99% | -44.85% |
Max Drawdown (1Y)Largest decline over 1 year | -19.42% | -8.90% | -10.52% |
Max Drawdown (3Y)Largest decline over 3 years | -30.90% | -18.69% | -12.21% |
Max Drawdown (5Y)Largest decline over 5 years | -32.84% | -24.52% | -8.32% |
Max Drawdown (10Y)Largest decline over 10 years | -48.75% | -33.99% | -14.76% |
Current DrawdownCurrent decline from peak | -0.23% | -1.45% | +1.22% |
Average DrawdownAverage peak-to-trough decline | -22.63% | -3.68% | -18.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.84% | 1.97% | +3.87% |
Volatility
GS vs. VOO - Volatility Comparison
The Goldman Sachs Group, Inc. (GS) has a higher volatility of 11.20% compared to Vanguard S&P 500 ETF (VOO) at 4.69%. This indicates that GS's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GS | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.20% | 4.69% | +6.51% |
Volatility (6M)Calculated over the trailing 6-month period | 23.23% | 9.79% | +13.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.44% | 12.37% | +16.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.04% | 16.90% | +11.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.87% | 18.05% | +11.82% |
Dividends
GS vs. VOO - Dividend Comparison
GS's dividend yield for the trailing twelve months is around 1.55%, more than VOO's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GS The Goldman Sachs Group, Inc. | 1.55% | 1.59% | 2.01% | 2.72% | 2.62% | 1.70% | 1.90% | 1.80% | 1.89% | 1.14% | 1.09% | 1.41% |
VOO Vanguard S&P 500 ETF | 1.04% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
GS and VOO have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GS has higher volatility (11.20%) compared to VOO (4.69%). In terms of maximum drawdown, GS dropped -78.84% vs VOO's -33.99%.
GS currently has the higher Sharpe Ratio (2.69 vs 2.18), 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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