FGSI vs. GOOW

Last updated Aug 2, 2026

FGSI (First Trust Vest Growth Strength & Target Income ETF) and GOOW (Roundhill GOOGL WeeklyPay™ ETF) are both Derivative Income funds. Both are actively managed. Over the past year, FGSI returned 11.13% vs 103.29% for GOOW. Their 0.41 correlation means their historical movements had little consistent relationship. FGSI charges 0.85%/yr vs 0.99%/yr for GOOW.

Performance

FGSI vs. GOOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Vest Growth Strength & Target Income ETF (FGSI) and Roundhill GOOGL WeeklyPay™ ETF (GOOW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGSI achieves a 8.34% return, which is significantly lower than GOOW's 13.56% return.

FGSI

• 1D: 0.31%
• 1M: 1.55%
• 6M: 6.78%
• YTD: 8.34%
• 1Y: 11.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.03%

GOOW

• 1D: 7.98%
• 1M: -1.82%
• 6M: 3.91%
• YTD: 13.56%
• 1Y: 103.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 92.03%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FGSI First Trust Vest Growth Strength & Target Income ETF	$3.03K	$2.79K	$11.92K
GOOW Roundhill GOOGL WeeklyPay™ ETF	$1.99M	$1.77M	$2.25M

FGSI vs. GOOW - Yearly Performance Comparison

	2026 (YTD)	2025
FGSI First Trust Vest Growth Strength & Target Income ETF	8.34%	0.44%
GOOW Roundhill GOOGL WeeklyPay™ ETF	13.56%	71.16%

Correlation

The correlation between FGSI and GOOW is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.42
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.41

FGSI vs. GOOW - Sectors Allocation Comparison

Sectors	FGSI	GOOW
Technology	31.9%	-
Healthcare	18.2%	-
Financial Services	16.0%	-
Consumer Cyclical	13.3%	-
Industrials	11.3%	-
Communication Services	5.2%	100.0%
Energy	4.8%	-
Consumer Defensive	2.5%	-
Basic Materials	1.6%	-
Real Estate	-	-
Utilities	-	-

Return for Risk

FGSI vs. GOOW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FGSI

FGSI Risk / Return Rank: 34
FGSI Sharpe Ratio Rank: 33
FGSI Sortino Ratio Rank: 32
FGSI Omega Ratio Rank: 30
FGSI Calmar Ratio Rank: 36
FGSI Martin Ratio Rank: 38

GOOW

GOOW Risk / Return Rank: 90
GOOW Sharpe Ratio Rank: 94
GOOW Sortino Ratio Rank: 92
GOOW Omega Ratio Rank: 90
GOOW Calmar Ratio Rank: 91
GOOW Martin Ratio Rank: 82

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FGSI vs. GOOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Vest Growth Strength & Target Income ETF (FGSI) and Roundhill GOOGL WeeklyPay™ ETF (GOOW). 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.

	FGSI	GOOW	Difference
Sharpe ratio: Return per unit of total volatility	0.81	2.54	-1.73
Sortino ratio: Return per unit of downside risk	1.20	3.43	-2.23
Omega ratio: Gain probability vs. loss probability	1.14	1.42	-0.28
Calmar ratio: Return relative to maximum drawdown	1.23	3.95	-2.72
Martin ratio: Return relative to average drawdown	4.01	10.85	-6.84

FGSI vs. GOOW - Sharpe Ratio Comparison

The current FGSI Sharpe Ratio is 0.81, which is lower than the GOOW Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of FGSI and GOOW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FGSI vs. GOOW - Drawdown Comparison

The maximum FGSI drawdown since its inception was -8.25%, smaller than the maximum GOOW drawdown of -25.44%. Use the drawdown chart below to compare losses from any high point for FGSI and GOOW.

Drawdown Indicators

	FGSI	GOOW	Difference
Max Drawdown Largest peak-to-trough decline	-8.25%	-25.44%	+17.19%
Max Drawdown (1Y) Largest decline over 1 year	-8.25%	-25.44%	+17.19%
Current Drawdown Current decline from peak	0.00%	-14.60%	+14.60%
Average Drawdown Average peak-to-trough decline	-1.84%	-6.41%	+4.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	9.24%	-6.71%

Volatility

FGSI vs. GOOW - Volatility Comparison

The current volatility for First Trust Vest Growth Strength & Target Income ETF (FGSI) is 3.01%, while Roundhill GOOGL WeeklyPay™ ETF (GOOW) has a volatility of 15.50%. This indicates that FGSI experiences smaller price fluctuations and is considered to be less risky than GOOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGSI	GOOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	15.50%	-12.49%
Volatility (6M) Calculated over the trailing 6-month period	10.13%	30.46%	-20.33%
Volatility (1Y) Calculated over the trailing 1-year period	12.64%	39.64%	-27.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.34%	39.39%	-27.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.34%	39.39%	-27.05%

FGSI vs. GOOW - Expense Ratio Comparison

FGSI has a 0.85% expense ratio, which is lower than GOOW's 0.99% expense ratio.

Dividends

FGSI vs. GOOW - Dividend Comparison

FGSI's dividend yield for the trailing twelve months is around 8.19%, less than GOOW's 42.80% yield.

Position	TTM	2025
FGSI First Trust Vest Growth Strength & Target Income ETF	8.19%	4.20%
GOOW Roundhill GOOGL WeeklyPay™ ETF	42.80%	19.77%

Frequently Asked Questions

Can I hold both FGSI and GOOW in my portfolio?

FGSI and GOOW have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGSI or GOOW?

GOOW has higher volatility (15.50%) compared to FGSI (3.01%). In terms of maximum drawdown, FGSI dropped -8.25% vs GOOW's -25.44%.

Which ETF is better, FGSI or GOOW?

On 1-year performance, GOOW leads with 103.29% vs 11.13% for FGSI. On fees, FGSI is cheaper at 0.85% per year. On volatility, FGSI has been the lower-risk option at 3.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FGSI or GOOW?

Over the 1-year period, GOOW has performed better with a 103.29% return vs 11.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FGSI or GOOW?

FGSI is cheaper with a 0.85% expense ratio, compared with 0.99% for GOOW.

Which ETF pays a higher dividend yield, FGSI or GOOW?

GOOW has the higher dividend yield at 42.80%, compared with 8.19% for FGSI.

What is the main difference between FGSI and GOOW?

They also come from different issuers: First Trust and Roundhill. Their fees differ too: 0.85% for FGSI and 0.99% for GOOW.

Which has better risk-adjusted returns?

GOOW currently has the higher Sharpe Ratio (2.54 vs 0.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.