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 23.11%/yr vs 14.96%/yr for VOO. Their 0.68 correlation means they have sometimes moved together and sometimes differently.
Performance
GS vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, GS achieves a 18.70% return, which is significantly higher than VOO's 9.24% return. Over the past 10 years, GS has outperformed VOO with an annualized return of 23.11%, while VOO has yielded a comparatively lower 14.96% annualized return.
GS
- 1D
- -1.42%
- 1M
- 1.35%
- 6M
- 12.22%
- YTD
- 18.70%
- 1Y
- 45.67%
- 3Y*
- 46.41%
- 5Y*
- 25.31%
- 10Y*
- 23.11%
- ALL TIME*
- 11.59%
VOO
- 1D
- 0.24%
- 1M
- 1.60%
- 6M
- 7.10%
- YTD
- 9.24%
- 1Y
- 17.69%
- 3Y*
- 19.04%
- 5Y*
- 12.53%
- 10Y*
- 14.96%
- ALL TIME*
- 14.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.19B | $2.10B | $2.22B | |
| $3.35B | $3.87B | $5.41B |
GS vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GS The Goldman Sachs Group, Inc. | 18.70% | 56.64% | 52.03% | 15.91% | -7.87% | 47.61% | 17.45% | 40.48% | -33.53% | 7.73% |
VOO Vanguard S&P 500 ETF | 9.24% | 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 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.65 |
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 0.65 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 | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 2.00 | +0.37 |
| Martin ratioReturn relative to average drawdown | 7.45 | 8.58 | -1.13 |
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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 | -10.31% | -2.19% | -8.12% |
Average DrawdownAverage peak-to-trough decline | -22.57% | -3.67% | -18.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.15% | 2.07% | +4.08% |
Volatility
GS vs. VOO - Volatility Comparison
The Goldman Sachs Group, Inc. (GS) has a higher volatility of 12.60% compared to Vanguard S&P 500 ETF (VOO) at 3.17%. 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 | 12.60% | 3.17% | +9.43% |
Volatility (6M)Calculated over the trailing 6-month period | 25.10% | 9.83% | +15.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.78% | 12.61% | +18.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.45% | 16.91% | +11.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.00% | 18.01% | +11.99% |
Dividends
GS vs. VOO - Dividend Comparison
GS's dividend yield for the trailing twelve months is around 1.65%, more than VOO's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GS The Goldman Sachs Group, Inc. | 1.65% | 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 | 1.08% | 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 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GS has higher volatility (12.60%) compared to VOO (3.17%). In terms of maximum drawdown, GS dropped -78.84% vs VOO's -33.99%.
GS currently has the higher Sharpe Ratio (1.49 vs 1.41), 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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