VOO vs. GS
VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index, while GS (The Goldman Sachs Group, Inc.) is a stock. Over the past 10 years, VOO returned 15.50%/yr vs 24.48%/yr for GS. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
VOO vs. GS - Performance Comparison
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Returns By Period
In the year-to-date period, VOO achieves a 9.08% return, which is significantly lower than GS's 22.08% return. Over the past 10 years, VOO has underperformed GS with an annualized return of 15.50%, while GS has yielded a comparatively higher 24.48% annualized return.
VOO
- 1D
- 0.55%
- 1M
- 0.37%
- YTD
- 9.08%
- 6M
- 9.44%
- 1Y
- 25.76%
- 3Y*
- 20.95%
- 5Y*
- 13.43%
- 10Y*
- 15.50%
GS
- 1D
- 2.62%
- 1M
- 12.54%
- YTD
- 22.08%
- 6M
- 20.84%
- 1Y
- 76.70%
- 3Y*
- 49.31%
- 5Y*
- 25.98%
- 10Y*
- 24.48%
VOO vs. GS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | 9.08% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
GS The Goldman Sachs Group, Inc. | 22.08% | 56.64% | 52.03% | 15.91% | -7.87% | 47.61% | 17.45% | 40.48% | -33.53% | 7.73% |
Correlation
The correlation between VOO and GS is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.68 |
The correlation between VOO and GS has been stable across timeframes, ranging from 0.65 to 0.70 - a consistent structural relationship.
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Return for Risk
VOO vs. GS — Risk / Return Rank
VOO
GS
VOO vs. GS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VOO | GS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.41 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 3.80 | -1.05 |
| Martin ratioReturn relative to average drawdown | 12.42 | 12.61 | -0.19 |
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Drawdowns
VOO vs. GS - Drawdown Comparison
The maximum VOO drawdown since its inception was -33.99%, smaller than the maximum GS drawdown of -78.84%. Use the drawdown chart below to compare losses from any high point for VOO and GS.
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Drawdown Indicators
| VOO | GS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -78.84% | +44.85% |
Max Drawdown (1Y)Largest decline over 1 year | -8.90% | -19.42% | +10.52% |
Max Drawdown (3Y)Largest decline over 3 years | -18.69% | -30.90% | +12.21% |
Max Drawdown (5Y)Largest decline over 5 years | -24.52% | -32.84% | +8.32% |
Max Drawdown (10Y)Largest decline over 10 years | -33.99% | -48.75% | +14.76% |
Current DrawdownCurrent decline from peak | -2.34% | -2.73% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -22.65% | +18.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 5.84% | -3.87% |
Volatility
VOO vs. GS - Volatility Comparison
The current volatility for Vanguard S&P 500 ETF (VOO) is 4.34%, while The Goldman Sachs Group, Inc. (GS) has a volatility of 11.84%. This indicates that VOO 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
| VOO | GS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 11.84% | -7.50% |
Volatility (6M)Calculated over the trailing 6-month period | 9.58% | 23.47% | -13.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.27% | 28.55% | -16.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.88% | 28.10% | -11.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 29.87% | -11.84% |
Dividends
VOO vs. GS - Dividend Comparison
VOO's dividend yield for the trailing twelve months is around 1.05%, less than GS's 1.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GS The Goldman Sachs Group, Inc. | 1.60% | 1.59% | 2.01% | 2.72% | 2.62% | 1.70% | 1.90% | 1.80% | 1.89% | 1.14% | 1.09% | 1.41% |
VOO Vanguard S&P 500 ETF | 1.05% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
VOO and GS have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GS has higher volatility (11.84%) compared to VOO (4.34%). In terms of maximum drawdown, VOO dropped -33.99% vs GS's -78.84%.
GS currently has the higher Sharpe Ratio (2.59 vs 1.99), 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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