PAG vs. GS

Last updated Jun 4, 2026

PAG (Penske Automotive Group, Inc.) and GS (The Goldman Sachs Group, Inc.) are both stocks. PAG operates in Auto & Truck Dealerships (Consumer Cyclical), while GS operates in Capital Markets (Financial Services). Over the past 10 years, PAG returned 19.18%/yr vs 23.44%/yr for GS. At a 0.42 correlation, their price movements are largely independent.

Performance

PAG vs. GS - Performance Comparison

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

Returns By Period

In the year-to-date period, PAG achieves a 10.49% return, which is significantly lower than GS's 19.58% return. Over the past 10 years, PAG has underperformed GS with an annualized return of 19.18%, while GS has yielded a comparatively higher 23.44% annualized return.

PAG

• 1D: -0.28%
• 1M: 5.13%
• YTD: 10.49%
• 6M: 7.18%
• 1Y: 8.71%
• 3Y*: 8.50%
• 5Y*: 19.08%
• 10Y*: 19.18%

GS

• 1D: -2.21%
• 1M: 15.76%
• YTD: 19.58%
• 6M: 25.65%
• 1Y: 75.87%
• 3Y*: 51.11%
• 5Y*: 24.59%
• 10Y*: 23.44%

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

PAG vs. GS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PAG Penske Automotive Group, Inc.	10.49%	7.13%	-2.54%	42.29%	9.22%	84.36%	20.12%	28.91%	-13.21%	-5.10%
GS The Goldman Sachs Group, Inc.	19.58%	56.64%	52.03%	15.91%	-7.87%	47.61%	17.45%	40.48%	-33.53%	7.73%

Correlation

The correlation between PAG and GS is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since May 5, 1999	0.42

The correlation between PAG and GS shifts across timeframes, from 0.31 (1 year) to 0.48 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap PAG : $11.31B GS : $320.63B
EPS PAG : $13.40 GS : $57.41
PE Ratio PAG : 12.83 GS : 18.13
PS Ratio PAG : 0.37 GS : 2.96
PB Ratio PAG : 1.99 GS : 2.61
Total Revenue (TTM) PAG : $30.99B GS : $110.77B
Gross Profit (TTM) PAG : $5.09B GS : $61.53B
EBITDA (TTM) PAG : $1.53B GS : $24.94B

Return for Risk

PAG vs. GS — Risk / Return Rank

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

PAG

PAG Risk / Return Rank: 48
PAG Sharpe Ratio Rank: 52
PAG Sortino Ratio Rank: 46
PAG Omega Ratio Rank: 44
PAG Calmar Ratio Rank: 49
PAG Martin Ratio Rank: 49

GS

GS Risk / Return Rank: 90
GS Sharpe Ratio Rank: 93
GS Sortino Ratio Rank: 91
GS Omega Ratio Rank: 90
GS Calmar Ratio Rank: 87
GS Martin Ratio Rank: 91

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.

PAG vs. GS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Penske Automotive Group, Inc. (PAG) 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.

	PAG	GS	Difference
Sharpe ratio: Return per unit of total volatility	0.34	2.80	-2.46
Sortino ratio: Return per unit of downside risk	0.70	3.42	-2.72
Omega ratio: Gain probability vs. loss probability	1.08	1.45	-0.37
Calmar ratio: Return relative to maximum drawdown	0.36	3.93	-3.56
Martin ratio: Return relative to average drawdown	0.76	13.17	-12.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PAG vs. GS - Sharpe Ratio Comparison

The current PAG Sharpe Ratio is 0.34, which is lower than the GS Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of PAG and GS, 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

	PAG	GS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.34	2.80	-2.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.89	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.79	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.33	-0.12

Drawdowns

PAG vs. GS - Drawdown Comparison

The maximum PAG drawdown since its inception was -83.34%, which is greater than GS's maximum drawdown of -78.84%. Use the drawdown chart below to compare losses from any high point for PAG and GS.

Drawdown Indicators

	PAG	GS	Difference
Max Drawdown Largest peak-to-trough decline	-83.34%	-78.84%	-4.50%
Max Drawdown (1Y) Largest decline over 1 year	-24.03%	-19.42%	-4.61%
Max Drawdown (3Y) Largest decline over 3 years	-24.03%	-30.90%	+6.87%
Max Drawdown (5Y) Largest decline over 5 years	-24.03%	-32.84%	+8.81%
Max Drawdown (10Y) Largest decline over 10 years	-59.98%	-48.75%	-11.23%
Current Drawdown Current decline from peak	-6.32%	-2.21%	-4.11%
Average Drawdown Average peak-to-trough decline	-23.85%	-22.63%	-1.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.52%	5.78%	+5.74%

Volatility

PAG vs. GS - Volatility Comparison

Penske Automotive Group, Inc. (PAG) and The Goldman Sachs Group, Inc. (GS) have volatilities of 8.06% and 8.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PAG	GS	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.06%	8.10%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	18.58%	22.06%	-3.48%
Volatility (1Y) Calculated over the trailing 1-year period	25.84%	27.25%	-1.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.16%	27.86%	+4.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.85%	29.76%	+6.09%

Dividends

PAG vs. GS - Dividend Comparison

PAG's dividend yield for the trailing twelve months is around 3.21%, 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%
PAG Penske Automotive Group, Inc.	3.21%	3.27%	2.68%	1.73%	1.80%	1.66%	1.41%	3.15%	3.52%	2.63%	2.12%	2.22%

Financials

PAG vs. GS - Profitability Comparison

The chart below illustrates the profitability comparison between Penske Automotive Group, Inc. and The Goldman Sachs Group, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PAG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Penske Automotive Group, Inc. reported a gross profit of 1.30B and revenue of 7.86B. Therefore, the gross margin over that period was 16.5%.

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%.

PAG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Penske Automotive Group, Inc. reported an operating income of 289.00M and revenue of 7.86B, resulting in an operating margin of 3.7%.

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%.

PAG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Penske Automotive Group, Inc. reported a net income of 234.50M and revenue of 7.86B, resulting in a net margin of 3.0%.

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

Can I hold both PAG and GS in my portfolio?

PAG and GS have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PAG or GS?

GS has higher volatility (8.10%) compared to PAG (8.06%). In terms of maximum drawdown, PAG dropped -83.34% vs GS's -78.84%.

Which has better risk-adjusted returns?

GS currently has the higher Sharpe Ratio (2.80 vs 0.34), 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.