EDGQ vs. GOOY

Last updated Jul 2, 2026

EDGQ (Global X Nasdaq-100 Income Edge ETF) and GOOY (YieldMax GOOGL Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. A 0.61 correlation means they provide meaningful diversification when combined. EDGQ charges 0.53%/yr vs 0.99%/yr for GOOY.

Performance

EDGQ vs. GOOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Nasdaq-100 Income Edge ETF (EDGQ) and YieldMax GOOGL Option Income Strategy ETF (GOOY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EDGQ

• 1D: -1.17%
• 1M: -2.01%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GOOY

• 1D: 0.75%
• 1M: -4.61%
• YTD: 13.18%
• 6M: 13.18%
• 1Y: 79.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EDGQ vs. GOOY - Yearly Performance Comparison

	2026 (YTD)
EDGQ Global X Nasdaq-100 Income Edge ETF	17.15%
GOOY YieldMax GOOGL Option Income Strategy ETF	15.96%

Correlation

The correlation between EDGQ and GOOY is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 18, 2026	0.61

Return for Risk

EDGQ vs. GOOY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EDGQ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

GOOY

GOOY Risk / Return Rank: 93
GOOY Sharpe Ratio Rank: 96
GOOY Sortino Ratio Rank: 95
GOOY Omega Ratio Rank: 94
GOOY Calmar Ratio Rank: 91
GOOY Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EDGQ vs. GOOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Nasdaq-100 Income Edge ETF (EDGQ) and YieldMax GOOGL Option Income Strategy ETF (GOOY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EDGQ	GOOY	Difference
Sharpe ratio: Return per unit of total volatility	—	3.33	—
Sortino ratio: Return per unit of downside risk	—	4.49	—
Omega ratio: Gain probability vs. loss probability	—	1.57	—
Calmar ratio: Return relative to maximum drawdown	—	4.94	—
Martin ratio: Return relative to average drawdown	—	16.38	—

Drawdowns

EDGQ vs. GOOY - Drawdown Comparison

The maximum EDGQ drawdown since its inception was -7.87%, smaller than the maximum GOOY drawdown of -24.40%. Use the drawdown chart below to compare losses from any high point for EDGQ and GOOY.

Drawdown Indicators

	EDGQ	GOOY	Difference
Max Drawdown Largest peak-to-trough decline	-7.87%	-24.40%	+16.53%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.15%	—
Current Drawdown Current decline from peak	-2.43%	-8.96%	+6.53%
Average Drawdown Average peak-to-trough decline	-1.64%	-6.32%	+4.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.86%	—

Volatility

Volatility by Period

	EDGQ	GOOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.79%	23.96%	-4.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.79%	23.51%	-3.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.79%	23.51%	-3.72%

EDGQ vs. GOOY - Expense Ratio Comparison

EDGQ has a 0.53% expense ratio, which is lower than GOOY's 0.99% expense ratio.

Dividends

EDGQ vs. GOOY - Dividend Comparison

EDGQ's dividend yield for the trailing twelve months is around 4.45%, less than GOOY's 51.90% yield.

Position	TTM	2025	2024	2023
EDGQ Global X Nasdaq-100 Income Edge ETF	4.45%	0.00%	0.00%	0.00%
GOOY YieldMax GOOGL Option Income Strategy ETF	51.90%	41.50%	36.74%	7.90%

Frequently Asked Questions

Can I hold both EDGQ and GOOY in my portfolio?

EDGQ and GOOY have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EDGQ or GOOY?

On fees, EDGQ is cheaper at 0.53% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EDGQ or GOOY?

EDGQ is cheaper with a 0.53% expense ratio, compared with 0.99% for GOOY.

Which ETF pays a higher dividend yield, EDGQ or GOOY?

GOOY has the higher dividend yield at 51.90%, compared with 4.45% for EDGQ.

What is the main difference between EDGQ and GOOY?

They also come from different issuers: Global X and YieldMax. Their fees differ too: 0.53% for EDGQ and 0.99% for GOOY.