RWAY vs. GS

Last updated Apr 1, 2026

Compare and contrast key facts about Runway Growth Finance Corp. (RWAY) and The Goldman Sachs Group, Inc. (GS).

Performance

RWAY vs. GS - Performance Comparison

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

RWAY vs. GS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RWAY Runway Growth Finance Corp.	-19.71%	-6.56%	1.65%	25.73%	-0.61%	1.38%
GS The Goldman Sachs Group, Inc.	-3.25%	56.64%	52.03%	15.91%	-7.87%	-5.65%

Fundamentals

Market Cap RWAY : $252.11M GS : $268.69B
EPS RWAY : $0.73 GS : $54.19
PE Ratio RWAY : 9.44 GS : 15.61
PEG Ratio RWAY : 0.72 GS : 2.02
PS Ratio RWAY : 2.64 GS : 2.14
PB Ratio RWAY : 0.52 GS : 2.15
Total Revenue (TTM) RWAY : $95.29M GS : $125.10B
Gross Profit (TTM) RWAY : $36.96M GS : $57.17B
EBITDA (TTM) RWAY : $26.68M GS : $21.81B

Returns By Period

In the year-to-date period, RWAY achieves a -19.71% return, which is significantly lower than GS's -3.25% return.

RWAY

• 1D: 0.73%
• 1M: -7.48%
• YTD: -19.71%
• 6M: -26.98%
• 1Y: -23.21%
• 3Y*: -3.94%
• 5Y*: —
• 10Y*: —

GS

• 1D: 4.75%
• 1M: -1.06%
• YTD: -3.25%
• 6M: 7.32%
• 1Y: 58.07%
• 3Y*: 40.67%
• 5Y*: 23.83%
• 10Y*: 20.59%

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

Return for Risk

RWAY vs. GS — Risk / Return Rank

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

RWAY

RWAY Risk / Return Rank: 10
RWAY Sharpe Ratio Rank: 8
RWAY Sortino Ratio Rank: 10
RWAY Omega Ratio Rank: 11
RWAY Calmar Ratio Rank: 18
RWAY Martin Ratio Rank: 4

GS

GS Risk / Return Rank: 87
GS Sharpe Ratio Rank: 89
GS Sortino Ratio Rank: 85
GS Omega Ratio Rank: 86
GS Calmar Ratio Rank: 86
GS Martin Ratio Rank: 89

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.

RWAY vs. GS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Runway Growth Finance Corp. (RWAY) 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.

	RWAY	GS	Difference
Sharpe ratio Return per unit of total volatility	-0.85	1.82	-2.67
Sortino ratio Return per unit of downside risk	-1.08	2.35	-3.43
Omega ratio Gain probability vs. loss probability	0.86	1.33	-0.47
Calmar ratio Return relative to maximum drawdown	-0.68	3.04	-3.71
Martin ratio Return relative to average drawdown	-1.75	9.70	-11.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RWAY vs. GS - Sharpe Ratio Comparison

The current RWAY Sharpe Ratio is -0.85, which is lower than the GS Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of RWAY and GS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RWAY	GS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.85	1.82	-2.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.87	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	0.31	-0.34

Correlation

The correlation between RWAY and GS is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

RWAY vs. GS - Dividend Comparison

RWAY's dividend yield for the trailing twelve months is around 19.94%, more than GS's 1.83% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RWAY Runway Growth Finance Corp.	19.94%	15.68%	16.33%	14.34%	10.87%	1.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GS The Goldman Sachs Group, Inc.	1.83%	1.59%	2.01%	2.72%	2.62%	1.70%	1.90%	1.80%	1.89%	1.14%	1.09%	1.41%

Drawdowns

RWAY vs. GS - Drawdown Comparison

The maximum RWAY drawdown since its inception was -34.83%, smaller than the maximum GS drawdown of -78.84%. Use the drawdown chart below to compare losses from any high point for RWAY and GS.

Drawdown Indicators

	RWAY	GS	Difference
Max Drawdown Largest peak-to-trough decline	-34.83%	-78.84%	+44.01%
Max Drawdown (1Y) Largest decline over 1 year	-34.83%	-19.42%	-15.41%
Max Drawdown (5Y) Largest decline over 5 years	—	-32.84%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-48.75%	—
Current Drawdown Current decline from peak	-32.16%	-12.85%	-19.31%
Average Drawdown Average peak-to-trough decline	-9.69%	-22.75%	+13.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.44%	6.08%	+7.36%

Volatility

RWAY vs. GS - Volatility Comparison

Runway Growth Finance Corp. (RWAY) has a higher volatility of 12.47% compared to The Goldman Sachs Group, Inc. (GS) at 9.44%. This indicates that RWAY's price experiences larger fluctuations and is considered to be riskier than GS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RWAY	GS	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.47%	9.44%	+3.03%
Volatility (6M) Calculated over the trailing 6-month period	18.81%	21.70%	-2.89%
Volatility (1Y) Calculated over the trailing 1-year period	27.39%	32.11%	-4.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.37%	27.68%	+0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.37%	29.71%	-1.34%

Financials

RWAY vs. GS - Profitability Comparison

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

RWAY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Runway Growth Finance Corp. reported a gross profit of 0.00 and revenue of 30.04M. Therefore, the gross margin over that period was 0.0%.

GS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, The Goldman Sachs Group, Inc. reported a gross profit of 13.35B and revenue of 30.13B. Therefore, the gross margin over that period was 44.3%.

RWAY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Runway Growth Finance Corp. reported an operating income of 0.00 and revenue of 30.04M, resulting in an operating margin of 0.0%.

GS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, The Goldman Sachs Group, Inc. reported an operating income of 3.63B and revenue of 30.13B, resulting in an operating margin of 12.1%.

RWAY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Runway Growth Finance Corp. reported a net income of 0.00 and revenue of 30.04M, resulting in a net margin of 0.0%.

GS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, The Goldman Sachs Group, Inc. reported a net income of 4.62B and revenue of 30.13B, resulting in a net margin of 15.3%.