HLI vs. GS
HLI (Houlihan Lokey, Inc.) and GS (The Goldman Sachs Group, Inc.) are both stocks. Both operate in the Capital Markets industry within the Financial Services sector. Over the past 10 years, HLI returned 21.57%/yr vs 23.96%/yr for GS. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
HLI vs. GS - Performance Comparison
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Returns By Period
In the year-to-date period, HLI achieves a -20.61% return, which is significantly lower than GS's 20.04% return. Over the past 10 years, HLI has underperformed GS with an annualized return of 21.57%, while GS has yielded a comparatively higher 23.96% annualized return.
HLI
- 1D
- -1.54%
- 1M
- -9.87%
- YTD
- -20.61%
- 6M
- -21.92%
- 1Y
- -21.42%
- 3Y*
- 16.12%
- 5Y*
- 14.31%
- 10Y*
- 21.57%
GS
- 1D
- 0.61%
- 1M
- 12.08%
- YTD
- 20.04%
- 6M
- 21.74%
- 1Y
- 73.62%
- 3Y*
- 49.42%
- 5Y*
- 25.24%
- 10Y*
- 23.96%
HLI vs. GS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLI Houlihan Lokey, Inc. | -20.61% | 1.64% | 47.04% | 40.67% | -13.88% | 57.04% | 40.61% | 36.33% | -17.20% | 49.30% |
GS The Goldman Sachs Group, Inc. | 20.04% | 56.64% | 52.03% | 15.91% | -7.87% | 47.61% | 17.45% | 40.48% | -33.53% | 7.73% |
Correlation
The correlation between HLI and GS is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2015 | 0.52 |
The correlation between HLI and GS shifts across timeframes, from 0.46 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
HLI:
$9.33B
GS:
$321.86B
HLI:
$6.22
GS:
$57.41
HLI:
22.06
GS:
18.20
HLI:
6.82
GS:
2.36
HLI:
3.59
GS:
2.97
HLI:
3.98
GS:
2.62
HLI:
$2.62B
GS:
$110.77B
HLI:
$1.37B
GS:
$61.53B
HLI:
$636.63M
GS:
$24.94B
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Return for Risk
HLI vs. GS — Risk / Return Rank
HLI
GS
HLI vs. GS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Houlihan Lokey, Inc. (HLI) and The Goldman Sachs Group, Inc. (GS). 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.
| HLI | GS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.47 | ||
| Sortino ratioReturn per unit of downside risk | -4.27 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.43 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | 3.81 | -4.45 |
| Martin ratioReturn relative to average drawdown | -1.22 | 12.74 | -13.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HLI | GS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.84 | 2.64 | -3.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.91 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.81 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.33 | +0.43 |
Drawdowns
HLI vs. GS - Drawdown Comparison
The maximum HLI drawdown since its inception was -36.57%, smaller than the maximum GS drawdown of -78.84%. Use the drawdown chart below to compare losses from any high point for HLI and GS.
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Drawdown Indicators
| HLI | GS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.57% | -78.84% | +42.27% |
Max Drawdown (1Y)Largest decline over 1 year | -33.67% | -19.42% | -14.25% |
Max Drawdown (3Y)Largest decline over 3 years | -33.67% | -30.90% | -2.77% |
Max Drawdown (5Y)Largest decline over 5 years | -36.57% | -32.84% | -3.73% |
Max Drawdown (10Y)Largest decline over 10 years | -36.57% | -48.75% | +12.18% |
Current DrawdownCurrent decline from peak | -33.67% | -4.36% | -29.31% |
Average DrawdownAverage peak-to-trough decline | -9.56% | -22.62% | +13.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.58% | 5.80% | +11.78% |
Volatility
HLI vs. GS - Volatility Comparison
The current volatility for Houlihan Lokey, Inc. (HLI) is 6.97%, while The Goldman Sachs Group, Inc. (GS) has a volatility of 10.56%. This indicates that HLI experiences smaller price fluctuations and is considered to be less risky than GS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLI | GS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.97% | 10.56% | -3.59% |
Volatility (6M)Calculated over the trailing 6-month period | 18.86% | 23.02% | -4.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.72% | 28.14% | -2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.93% | 28.03% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.86% | 29.84% | -2.98% |
Dividends
HLI vs. GS - Dividend Comparison
HLI's dividend yield for the trailing twelve months is around 1.82%, more than GS's 1.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GS The Goldman Sachs Group, Inc. | 1.63% | 1.59% | 2.01% | 2.72% | 2.62% | 1.70% | 1.90% | 1.80% | 1.89% | 1.14% | 1.09% | 1.41% |
HLI Houlihan Lokey, Inc. | 1.82% | 1.36% | 1.30% | 1.82% | 2.32% | 1.56% | 1.90% | 2.46% | 2.74% | 1.76% | 2.12% | 0.57% |
Financials
HLI vs. GS - Financials Comparison
This section allows you to compare key financial metrics between Houlihan Lokey, Inc. and The Goldman Sachs Group, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
HLI vs. GS - Profitability Comparison
HLI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Houlihan Lokey, Inc. reported a gross profit of 201.88M and revenue of 635.64M. Therefore, the gross margin over that period was 31.8%.
GS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Goldman Sachs Group, Inc. reported a gross profit of 16.91B and revenue of 17.23B. Therefore, the gross margin over that period was 98.2%.
HLI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Houlihan Lokey, Inc. reported an operating income of 125.15M and revenue of 635.64M, resulting in an operating margin of 19.7%.
GS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Goldman Sachs Group, Inc. reported an operating income of 6.49B and revenue of 17.23B, resulting in an operating margin of 37.7%.
HLI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Houlihan Lokey, Inc. reported a net income of 99.84M and revenue of 635.64M, resulting in a net margin of 15.7%.
GS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Goldman Sachs Group, Inc. reported a net income of 5.63B and revenue of 17.23B, resulting in a net margin of 32.7%.
Frequently Asked Questions
HLI and GS have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GS has higher volatility (10.56%) compared to HLI (6.97%). In terms of maximum drawdown, HLI dropped -36.57% vs GS's -78.84%.
GS currently has the higher Sharpe Ratio (2.64 vs -0.84), 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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