GS vs SPY
Comparison between Goldman Sachs Group Inc (GS, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceGS has outperformed SPY, delivering a return of +23.3% compared to +13.3%
GS vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
GS
$276B
Winner
SPY
$652B
Expense Ratio
GS
N/A
SPY
0.09%
Max Drawdown
GS
79.03%
Winner
SPY
56.47%
Sharpe Ratio
GS
2.04
Winner
SPY
2.07
5Y Beta
GS
1.36
Winner
SPY
1.00
Industry
GS
Capital Markets
SPY
N/A
P/E Ratio
Winner
GS
15.46
SPY
28.24
Forward P/E
Winner
GS
15.92
SPY
21.85
PEG Ratio
GS
0.57
SPY
N/A
Dividend Yield
GS
1.67%
SPY
N/A
5Y Dividends CAGR
Winner
GS
25.39%
SPY
5.43%
5Y EPS CAGR
GS
6.59%
Winner
SPY
25.79%
Debt to Equity
Winner
GS
0.00%
SPY
22.35%
Free Cash Flow Yield
GS
-15.18%
SPY
N/A
P/S Ratio
GS
4.44
Winner
SPY
3.55
P/B Ratio
Winner
GS
2.54
SPY
5.29
GS vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
GS
+3.41%
Winner
SPY
+9.11%
3M
GS
-0.22%
Winner
SPY
+6.59%
6M
Winner
GS
+20.32%
SPY
+10.56%
1Y
Winner
GS
+68.99%
SPY
+32.04%
5Y(CAGR)
Winner
GS
+23.27%
SPY
+13.35%
10Y(CAGR)
Winner
GS
+22.01%
SPY
+15.49%
Max(CAGR)
Winner
GS
+11.85%
SPY
+8.50%
GS vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | GS | SPY |
|---|---|---|
| 2026 | +2.97% | +8.27% |
| 2025 | +55.97% | +18.00% |
| 2024 | +51.03% | +25.59% |
| 2023 | +14.96% | +26.72% |
| 2022 | -10.84% | -18.64% |
| 2021 | +46.87% | +30.52% |
| 2020 | +15.28% | +17.28% |
| 2019 | +36.40% | +31.09% |
| 2018 | -33.76% | -5.24% |
| 2017 | +6.79% | +20.78% |
| 2016 | +37.26% | +13.59% |
| 2015 | -6.07% | +1.31% |
| 2014 | +11.02% | +14.56% |
| 2013 | +36.40% | +29.00% |
| 2012 | +35.95% | +14.17% |
| 2011 | -47.13% | +0.85% |
| 2010 | -1.92% | +13.14% |
| 2009 | +97.00% | +22.67% |
| 2008 | -58.99% | -36.25% |
| 2007 | +7.85% | +5.32% |
| 2006 | +56.00% | +13.85% |
| 2005 | +22.81% | +5.32% |
| 2004 | +8.25% | +10.75% |
| 2003 | +43.04% | +24.18% |
| 2002 | -24.73% | -22.42% |
| 2001 | -7.04% | -10.13% |
| 2000 | +21.66% | -8.84% |
| 1999 | +35.76% | +8.61% |
GS vs SPY Drawdown Comparison
The maximum drawdown for GS was -78.84%, occurring on Nov 20, 2008. Recovery took 2288 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current GS drawdown is -3.52%.
| Rank | GS | SPY |
|---|---|---|
| #1 | -78.84% Oct 31, 2007 - Dec 1, 2016 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -54.58% Sep 11, 2000 - Nov 1, 2005 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -48.75% Mar 12, 2018 - Dec 28, 2020 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -42.37% Mar 24, 2000 - Aug 28, 2000 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -32.82% Nov 2, 2021 - Mar 20, 2024 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -30.91% Feb 18, 2025 - Jun 25, 2025 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -29.29% Jun 13, 2007 - Oct 9, 2007 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -19.43% Jan 15, 2026 - Mar 13, 2026 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -17.48% Apr 20, 2006 - Sep 22, 2006 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -16.17% Mar 3, 2017 - Dec 4, 2017 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -15.39% Dec 31, 1999 - Mar 1, 2000 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -14.00% Feb 20, 2007 - Apr 23, 2007 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -11.92% Jan 14, 2021 - Feb 16, 2021 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -10.89% Jun 4, 2021 - Aug 6, 2021 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -10.42% Aug 27, 2021 - Nov 2, 2021 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between GS and SPY is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
0.94
-101
Dividend Comparison (1999 - 2026)
GS vs SPY dividend yield comparison.
| Year | GS | SPY |
|---|---|---|
| 2026 | 0.48% | 0.24% |
| 2025 | 1.59% | 1.07% |
| 2024 | 2.01% | 1.21% |
| 2023 | 2.72% | 1.40% |
| 2022 | 2.62% | 1.65% |
| 2021 | 1.70% | 1.20% |
| 2020 | 1.90% | 1.52% |
| 2019 | 1.80% | 1.75% |
| 2018 | 1.89% | 2.04% |
| 2017 | 1.14% | 1.80% |
| 2016 | 1.09% | 2.03% |
| 2015 | 1.41% | 2.06% |
| 2014 | 1.16% | 1.87% |
| 2013 | 1.16% | 1.81% |
| 2012 | 1.39% | 2.18% |
| 2011 | 1.55% | 2.05% |
| 2010 | 0.83% | 1.80% |
| 2009 | 0.90% | 1.95% |
| 2008 | 1.66% | 3.02% |
| 2007 | 0.65% | 1.85% |
| 2006 | 0.65% | 1.73% |
| 2005 | 0.78% | 1.73% |
| 2004 | 0.96% | 1.82% |
| 2003 | 0.75% | 1.47% |
| 2002 | 0.74% | 1.70% |
| 2001 | 0.52% | 1.25% |
| 2000 | 0.45% | 1.15% |
| 1999 | 0.00% | 0.24% |
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