GSBD vs. BAM

Last updated Jun 4, 2026

GSBD (Goldman Sachs BDC, Inc.) and BAM (Brookfield Asset Management Inc.) are both stocks. Both are in the Financial Services sector — GSBD in Credit Services, BAM in Asset Management. Over the past 3 years, GSBD returned 0.95%/yr vs 16.66%/yr for BAM. At a 0.42 correlation, their price movements are largely independent.

Performance

GSBD vs. BAM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs BDC, Inc. (GSBD) and Brookfield Asset Management Inc. (BAM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSBD achieves a -0.26% return, which is significantly higher than BAM's -11.82% return.

GSBD

• 1D: -2.63%
• 1M: -11.35%
• YTD: -0.26%
• 6M: -5.02%
• 1Y: -7.45%
• 3Y*: 0.95%
• 5Y*: -3.30%
• 10Y*: 3.09%

BAM

• 1D: -5.24%
• 1M: -3.95%
• YTD: -11.82%
• 6M: -12.95%
• 1Y: -16.86%
• 3Y*: 16.66%
• 5Y*: —
• 10Y*: —

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

GSBD vs. BAM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GSBD Goldman Sachs BDC, Inc.	-0.26%	-8.81%	-6.24%	20.97%	-8.23%
BAM Brookfield Asset Management Inc.	-11.82%	-0.24%	39.70%	45.61%	-10.41%

Correlation

The correlation between GSBD and BAM is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (All Time) Calculated using the full available price history since Dec 2, 2022	0.42

Fundamentals

Market Cap GSBD : $1.00B BAM : $73.27B
EPS GSBD : $0.98 BAM : $1.55
PE Ratio GSBD : 9.09 BAM : 29.18
PEG Ratio GSBD : 0.20 BAM : 0.05
PS Ratio GSBD : 3.57 BAM : 14.48
PB Ratio GSBD : 0.73 BAM : 6.52
Total Revenue (TTM) GSBD : $286.69M BAM : $5.08B
Gross Profit (TTM) GSBD : $141.38M BAM : $3.26B
EBITDA (TTM) GSBD : $164.11M BAM : $2.35B

Return for Risk

GSBD vs. BAM — Risk / Return Rank

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

GSBD

GSBD Risk / Return Rank: 25
GSBD Sharpe Ratio Rank: 25
GSBD Sortino Ratio Rank: 21
GSBD Omega Ratio Rank: 22
GSBD Calmar Ratio Rank: 27
GSBD Martin Ratio Rank: 29

BAM

BAM Risk / Return Rank: 18
BAM Sharpe Ratio Rank: 16
BAM Sortino Ratio Rank: 17
BAM Omega Ratio Rank: 17
BAM Calmar Ratio Rank: 21
BAM Martin Ratio Rank: 19

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.

GSBD vs. BAM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs BDC, Inc. (GSBD) and Brookfield Asset Management Inc. (BAM). 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.

	GSBD	BAM	Difference
Sharpe ratio Return per unit of total volatility	-0.37	-0.57	+0.20
Sortino ratio Return per unit of downside risk	-0.39	-0.63	+0.24
Omega ratio Gain probability vs. loss probability	0.95	0.92	+0.03
Calmar ratio Return relative to maximum drawdown	-0.41	-0.56	+0.15
Martin ratio Return relative to average drawdown	-0.62	-1.03	+0.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSBD vs. BAM - Sharpe Ratio Comparison

The current GSBD Sharpe Ratio is -0.37, which is higher than the BAM Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of GSBD and BAM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GSBD	BAM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.37	-0.57	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.17	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.48	-0.36

Drawdowns

GSBD vs. BAM - Drawdown Comparison

The maximum GSBD drawdown since its inception was -62.67%, which is greater than BAM's maximum drawdown of -30.37%. Use the drawdown chart below to compare losses from any high point for GSBD and BAM.

Drawdown Indicators

	GSBD	BAM	Difference
Max Drawdown Largest peak-to-trough decline	-62.67%	-30.37%	-32.30%
Max Drawdown (1Y) Largest decline over 1 year	-18.41%	-30.37%	+11.96%
Max Drawdown (3Y) Largest decline over 3 years	-29.59%	-30.37%	+0.78%
Max Drawdown (5Y) Largest decline over 5 years	-29.59%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-62.67%	—	—
Current Drawdown Current decline from peak	-24.45%	-25.74%	+1.29%
Average Drawdown Average peak-to-trough decline	-11.70%	-8.76%	-2.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.03%	16.37%	-4.34%

Volatility

GSBD vs. BAM - Volatility Comparison

The current volatility for Goldman Sachs BDC, Inc. (GSBD) is 9.26%, while Brookfield Asset Management Inc. (BAM) has a volatility of 9.81%. This indicates that GSBD experiences smaller price fluctuations and is considered to be less risky than BAM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSBD	BAM	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.26%	9.81%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	16.26%	22.33%	-6.07%
Volatility (1Y) Calculated over the trailing 1-year period	20.16%	29.64%	-9.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.21%	30.22%	-11.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.98%	30.22%	+0.76%

Dividends

GSBD vs. BAM - Dividend Comparison

GSBD's dividend yield for the trailing twelve months is around 19.10%, more than BAM's 4.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BAM Brookfield Asset Management Inc.	4.15%	3.34%	2.80%	3.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GSBD Goldman Sachs BDC, Inc.	19.10%	20.26%	14.88%	12.29%	13.12%	10.18%	9.41%	8.46%	9.79%	8.12%	7.65%	9.47%

Financials

GSBD vs. BAM - Profitability Comparison

The chart below illustrates the profitability comparison between Goldman Sachs BDC, Inc. and Brookfield Asset Management Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GSBD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Goldman Sachs BDC, Inc. reported a gross profit of 0.00 and revenue of 78.79M. Therefore, the gross margin over that period was 0.0%.

BAM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brookfield Asset Management Inc. reported a gross profit of 0.00 and revenue of 1.34B. Therefore, the gross margin over that period was 0.0%.

GSBD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Goldman Sachs BDC, Inc. reported an operating income of 0.00 and revenue of 78.79M, resulting in an operating margin of 0.0%.

BAM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brookfield Asset Management Inc. reported an operating income of 0.00 and revenue of 1.34B, resulting in an operating margin of 0.0%.

GSBD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Goldman Sachs BDC, Inc. reported a net income of 24.79M and revenue of 78.79M, resulting in a net margin of 31.5%.

BAM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brookfield Asset Management Inc. reported a net income of 617.00M and revenue of 1.34B, resulting in a net margin of 46.1%.

Frequently Asked Questions

Can I hold both GSBD and BAM in my portfolio?

GSBD and BAM have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSBD or BAM?

BAM has higher volatility (9.81%) compared to GSBD (9.26%). In terms of maximum drawdown, GSBD dropped -62.67% vs BAM's -30.37%.

Which has better risk-adjusted returns?

GSBD currently has the higher Sharpe Ratio (-0.37 vs -0.57), 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.