GS vs VTV: Correlation
How closely do Goldman Sachs (GS) and Vanguard Value ETF (VTV) trade together? Their weekly returns over three years give a correlation of 0.75, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GS and VTV?
Over the past 3 years, GS and VTV moved with a correlation of 0.75, which is strong. The past 12 months show a weaker link (0.44) than the 3-year average (0.75). Over 5 years the correlation is 0.75, and the annualized covariance of weekly returns is 240.7 %².
By 3-year correlation, VTV places #15 of the 41 assets tracked against GS. The last year tells two different stories: GS led by 15.9 percentage points, +41.6% for GS against +25.7% for VTV. On a rolling one-year basis the correlation drifted between 0.44 and 0.86, a moderate band. One caveat on sizing: GS is 2.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
GS vs VTV: side by side
| GS (Goldman Sachs) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +41.6% | +25.7% |
| 5-year return | +184.1% | +79.1% |
| Volatility (ann.) | 27.0% | 11.9% |
| Beta vs S&P 500 | 1.34 | 0.65 |
| Max drawdown (3Y) | -30.9% | -14.5% |
| Market cap | $303.1B | – |
| P/E (trailing) | 16.1 | – |
| Dividend yield | 1.63% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | Financials | ETF · US Style |
On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Year-by-year returns
| Year | GS | VTV |
|---|---|---|
| 2022 | -7.9% | -2.1% |
| 2023 | +15.9% | +9.3% |
| 2024 | +52.0% | +16.0% |
| 2025 | +56.6% | +15.3% |
| 2026 | +19.6% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 1.06% of VTV is GS itself, so the fund partly moves with the stock by construction.
Are GS and VTV good diversifiers for each other?
Only partially. A correlation of 0.75 means GS and VTV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between GS and VTV?
Using weekly returns as of 2026-08-27: 0.75 over 3 years, with 0.44 over the last year and 0.75 over 5 years.
Is VTV a good diversifier for GS?
Only partially. A correlation of 0.75 means GS and VTV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.75 mean?
On the −1 to +1 scale, 0.75 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gs-vs-vtv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gs-vs-vtv/)
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Related comparisons
Hubs: GS correlations · VTV correlations
