GS vs VYM: Correlation
Goldman Sachs (GS) and Vanguard High Dividend Yield ETF (VYM) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GS and VYM?
On 3 years of weekly data the GS/VYM correlation comes out at 0.77, strong. Lately the two have drifted apart, with the 1-year correlation at 0.48 versus 0.77 over 3 years. The 5-year figure is 0.77, and annualized covariance runs at 253.3 %².
Among the 41 assets we track against GS, VYM ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GS ahead by 20.5 points (+41.6% versus +21.1%). The rolling one-year correlation moved between 0.48 and 0.86 over the past three years, a moderate range. One caveat on sizing: GS is 2.2 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 VYM: side by side
| GS (Goldman Sachs) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | +41.6% | +21.1% |
| 5-year return | +184.1% | +76.6% |
| Volatility (ann.) | 27.0% | 12.3% |
| Beta vs S&P 500 | 1.34 | 0.69 |
| Max drawdown (3Y) | -30.9% | -14.5% |
| Market cap | $303.1B | – |
| P/E (trailing) | 16.1 | – |
| Dividend yield | 1.63% | 2.24% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $99.2B |
| Sector / category | Financials | ETF · Dividend |
VYM, Vanguard's Large Value fund, carries $99.2B under management, 604 holdings, a 0.04% expense ratio, a 2.24% trailing dividend yield.
Year-by-year returns
| Year | GS | VYM |
|---|---|---|
| 2022 | -7.9% | -0.4% |
| 2023 | +15.9% | +6.6% |
| 2024 | +52.0% | +17.6% |
| 2025 | +56.6% | +15.4% |
| 2026 | +19.6% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 1.14% of VYM is GS itself, so the fund partly moves with the stock by construction.
Are GS and VYM good diversifiers for each other?
Only partially. A correlation of 0.77 means GS and VYM 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 VYM?
The GS/VYM correlation stands at 0.77 on a 3-year window (1 year: 0.48, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is VYM a good diversifier for GS?
Only partially. A correlation of 0.77 means GS and VYM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.77 mean?
On the −1 to +1 scale, 0.77 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.
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Related comparisons
Hubs: GS correlations · VYM correlations
