GS vs JPM: Goldman Sachs and JPMorgan Chase & Co. compared

Over the past five years, $10,000 in GS grew to $27,164, against $25,131 in JPM. It also fell less at its worst: −31%, against −38%.

stock head-to-headdividends reinvesteddata through Sep 2026

growth of $10,000
as of Sep 2026GS $27,164JPM $25,131

the gap between themGS ahead by $2,033

GS solid · JPM dashed · weekly closes, dividends reinvested

who comes out aheadGS 3 · 1 JPM

GS wins 3 of 4. Which matters depends on what you need it for.

  • Grew more over five yearsGS +172% · JPM +151%Goldman Sachs logoGS
  • Fell less at its worstGS −31% · JPM −38%Goldman Sachs logoGS
  • Calmer rideGS 28% vol · JPM 25% volJPMorgan Chase & Co. logoJPM
  • Pays more incomeGS 2.12% · JPM 1.89%Goldman Sachs logoGS

related · correlation 0.78

01The numbers

Side by side, line by line

head to head11 lines
GS and JPM compared on price, size, returns, risk and cost
MetricGoldman Sachs logoGSJPMorgan Chase & Co. logoJPM
Price$942.00$349.67
Market value$274.28B$929.49B
1-year return+19.3% (ahead)+13.2%
3-year return, a year+43.3% (ahead)+35.9%
5-year return, a year+22.1% (ahead)+20.2%
Volatility, a year28%25% (ahead)
Worst drawdown−31% (ahead)−38%
Worst week−13.3%Mar 2025−12.9% (ahead)Mar 2025
Beta1.280.97
P/E ratio14.6×15.0×
Dividend yield2.12%1.89%
marks the side ahead on lines with a direction: higher return, lower volatility, shallower fall, lower fee
02Together

Do GS and JPM move together?

correlationrelated
0.78Related: they share a direction more often than not, with real room to diverge.

Correlation compares GS’s and JPM’s weekly returns from Sep 2021 to Sep 2026. Two holdings near +1 fall on the same weeks, so owning both doesn’t cushion anything. Your portfolio has more than two lines, and Portfolio Terminal runs this check across every pair you hold.

Pearson correlation of weekly returns|+1 always together, 0 unrelated, −1 always opposite
03Drawdowns

How far each one fell

drawdownsbelow each one’s previous high
as of Sep 2026GS −13.7%JPM −3.6%

GS

−31%

From its Oct 2021 high to Jun 2022. Back at that high by Feb 2024.

JPM

−38%

From its Oct 2021 high to Sep 2022. Back at that high by Dec 2023.

Worst peak-to-trough fall on weekly closes · dividends reinvested

04Questions

GS vs JPM: what people ask

questions5 answered

Is GS better than JPM?

Over the past five years, GS delivered the higher return: +22.1% a year against +20.2% for JPM, dividends reinvested. Its worst fall was also shallower (−31% against −38%). Which is better depends on the job it does in your portfolio, and past returns don’t predict future ones.

What is the difference between GS and JPM?

GS is Goldman Sachs (Capital Markets), worth $274.28B. JPM is JPMorgan Chase & Co. (Banks—Diversified), worth $929.49B.

Should I own both GS and JPM?

Their weekly returns had a correlation of 0.78 over the past five years. They share a direction more often than not, with real room to diverge. Whether that suits you depends on everything else you hold, which is the check Portfolio Terminal runs across a whole portfolio.

Which is riskier, GS or JPM?

GS swung more: 28% annual volatility against 25% for JPM. At their worst, GS fell 31% and JPM 38% from a previous high. Against the broad market, their betas are 1.28 and 0.97.

Which pays a higher dividend, GS or JPM?

GS currently yields 2.12%, against 1.89% for JPM. Yields move with price, so a higher yield can also mean a falling price.

Compare something else

Any two stocks or ETFs. Keep GS or swap both.

Goldman Sachs logo
Hold GS or JPM?Import your positions from any broker and see this, plus your real return and drawdown, on everything you own.Import my portfolio

Returns use weekly closes adjusted for dividends and splits, from Sep 2021 to Sep 2026. Quotes, fees and holdings come from public market data and refresh hourly. This page describes what happened; it is not investment advice, and past performance doesn’t predict future returns.