TPG vs. GS

Last updated Apr 1, 2026

Compare and contrast key facts about TPG Inc. (TPG) and The Goldman Sachs Group, Inc. (GS).

Performance

TPG vs. GS - Performance Comparison

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

TPG vs. GS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TPG TPG Inc.	-35.73%	5.12%	52.13%	62.37%	-15.17%
GS The Goldman Sachs Group, Inc.	-3.25%	56.64%	52.03%	15.91%	-9.82%

Fundamentals

Market Cap TPG : $6.19B GS : $268.69B
EPS TPG : $0.61 GS : $54.19
PE Ratio TPG : 65.93 GS : 15.61
PEG Ratio TPG : 0.92 GS : 2.02
PS Ratio TPG : 3.23 GS : 2.14
PB Ratio TPG : 5.22 GS : 2.15
Total Revenue (TTM) TPG : $3.77B GS : $125.10B
Gross Profit (TTM) TPG : $2.72B GS : $57.17B
EBITDA (TTM) TPG : $802.52M GS : $21.81B

Returns By Period

In the year-to-date period, TPG achieves a -35.73% return, which is significantly lower than GS's -3.25% return.

TPG

• 1D: 1.96%
• 1M: -6.70%
• YTD: -35.73%
• 6M: -28.02%
• 1Y: -11.29%
• 3Y*: 15.96%
• 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

TPG vs. GS — Risk / Return Rank

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

TPG

TPG Risk / Return Rank: 30
TPG Sharpe Ratio Rank: 30
TPG Sortino Ratio Rank: 28
TPG Omega Ratio Rank: 28
TPG Calmar Ratio Rank: 34
TPG Martin Ratio Rank: 30

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.

TPG vs. GS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TPG Inc. (TPG) 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.

	TPG	GS	Difference
Sharpe ratio Return per unit of total volatility	-0.26	1.82	-2.08
Sortino ratio Return per unit of downside risk	-0.09	2.35	-2.43
Omega ratio Gain probability vs. loss probability	0.99	1.33	-0.35
Calmar ratio Return relative to maximum drawdown	-0.27	3.04	-3.31
Martin ratio Return relative to average drawdown	-0.73	9.70	-10.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TPG vs. GS - Sharpe Ratio Comparison

The current TPG Sharpe Ratio is -0.26, which is lower than the GS Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of TPG 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

	TPG	GS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.26	1.82	-2.08
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	0.22	0.31	-0.10

Correlation

The correlation between TPG and GS is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TPG vs. GS - Dividend Comparison

TPG's dividend yield for the trailing twelve months is around 5.09%, more than GS's 1.83% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TPG TPG Inc.	5.09%	3.10%	3.33%	3.24%	3.92%	0.00%	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

TPG vs. GS - Drawdown Comparison

The maximum TPG drawdown since its inception was -43.83%, smaller than the maximum GS drawdown of -78.84%. Use the drawdown chart below to compare losses from any high point for TPG and GS.

Drawdown Indicators

	TPG	GS	Difference
Max Drawdown Largest peak-to-trough decline	-43.83%	-78.84%	+35.01%
Max Drawdown (1Y) Largest decline over 1 year	-43.20%	-19.42%	-23.78%
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	-41.10%	-12.85%	-28.25%
Average Drawdown Average peak-to-trough decline	-17.05%	-22.75%	+5.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.19%	6.08%	+10.11%

Volatility

TPG vs. GS - Volatility Comparison

TPG Inc. (TPG) has a higher volatility of 10.82% compared to The Goldman Sachs Group, Inc. (GS) at 9.44%. This indicates that TPG'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

	TPG	GS	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.82%	9.44%	+1.38%
Volatility (6M) Calculated over the trailing 6-month period	28.95%	21.70%	+7.25%
Volatility (1Y) Calculated over the trailing 1-year period	43.06%	32.11%	+10.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.12%	27.68%	+12.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.12%	29.71%	+10.41%

Financials

TPG vs. GS - Profitability Comparison

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

TPG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, TPG Inc. reported a gross profit of 527.25M and revenue of 1.49B. Therefore, the gross margin over that period was 35.4%.

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%.

TPG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, TPG Inc. reported an operating income of 296.43M and revenue of 1.49B, resulting in an operating margin of 19.9%.

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%.

TPG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, TPG Inc. reported a net income of 77.11M and revenue of 1.49B, resulting in a net margin of 5.2%.

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%.