Initial reviews for "Go Your Own Way" were mostly positive. In his review for
Rumours, Alex Ward of
The Washington Post deemed "Go Your Own Way" as "the best choice for a single on the record." John Swenson of
Rolling Stone thought that Buckingham evoked the musical sensibilities of
the Byrds with the acoustic guitar work, particularly on the chorus. He also said that Fleetwood's drumming added "a new dimension" to the song and served as an effective foil to John McVie's bass and Buckingham's acoustic guitar.
Billboard said that "Go Your Own Way" adhered more to the conventions of
mainstream rock than any of the singles on their
Fleetwood Mac album from 1975 and felt that the song resembled the work of
Jefferson Starship. Writing for
Phonograph Record, Bud Scoppa characterised the song as a "pathos-laden scorcher". Stephen Demorest of
Creem magazine highlighted the song's "distinctive staggered rhythm and slicing guitar lines" and called it a superior track to "
I'm So Afraid", a Buckingham composition from Fleetwood Mac's 1975 self-titled album. "Go Your Own Way" has achieved critical acclaim in retrospective reviews. Noting the song's resurgence in popularity with
millennials, James Lachno marvelled at the song's appeal with younger people, especially when juxtaposed with its alternative contemporaries. "Recently, 'Go Your Own Way' and '
The Chain' – better known as the BBC's Formula One theme tune – have become 2am favourites for bleary-eyed twentysomethings desperate to keep a house party going. By contrast, pioneering punk hits released in the same year such as '
God Save the Queen' and '
White Riot' never seem to get a look in." Daryl Easlea of BBC described Buckingham's compositions as the best tracks on
Rumours, "Go Your Own Way" included. In a review of the
Rumours Deluxe Edition, Steven Rosen praised Buckingham's acoustic guitar strumming and raw vocal delivery, all of which keeps the listener "riveted". Matthew Greenwald of
AllMusic noted the song's folky sound, reminiscent of pre-
Beatles bands like
the Everly Brothers. Greenwald also praised the lively chord changes and bombastic choruses. "All of these factors, plus a great performance from the band (especially Buckingham's exquisite guitar solo) helped make the song one of the band's biggest and most timeless hits, ever." "Go Your Own Way" was ranked number 120 by
Rolling Stone magazine on their list of 500 greatest songs of all time in 2010, It is on the
Rock and Roll Hall of Fame's 500 Songs that Shaped Rock and Roll list.
Rolling Stone also ranked it No. 1 on its list of Fleetwood Mac's 50 Greatest Songs.
The Guardian and
Paste ranked the song number two and number eight, respectively, on their lists of the 30 greatest Fleetwood Mac songs. "Go Your Own Way" was nominated for the
Grammy Award for Best Vocal Arrangement in 1978, but lost to "
New Kid in Town" by
the Eagles. ==Live performances and other appearances==