GOF vs. CONY
GOF (Guggenheim Strategic Opportunities Fund) and CONY (YieldMax COIN Option Income Strategy ETF) are both funds - GOF is a Multisector Bonds fund actively managed by Guggenheim, while CONY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, GOF returned -15.54% vs -49.35% for CONY. Their 0.26 correlation means their historical movements had little consistent relationship. GOF charges 1.89%/yr vs 0.99%/yr for CONY.
Performance
GOF vs. CONY - Performance Comparison
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Returns By Period
In the year-to-date period, GOF achieves a -8.87% return, which is significantly higher than CONY's -31.56% return.
GOF
- 1D
- 0.00%
- 1M
- -2.74%
- 6M
- -9.44%
- YTD
- -8.87%
- 1Y
- -15.54%
- 3Y*
- 1.50%
- 5Y*
- 0.02%
- 10Y*
- 7.19%
- ALL TIME*
- 8.80%
CONY
- 1D
- -9.82%
- 1M
- -8.17%
- 6M
- -20.90%
- YTD
- -31.56%
- 1Y
- -49.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.79M | $6.47M | $10.17M | |
| $12.95M | $14.31M | $15.46M |
GOF vs. CONY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GOF Guggenheim Strategic Opportunities Fund | -8.87% | -1.92% | 38.04% | -15.26% |
CONY YieldMax COIN Option Income Strategy ETF | -31.56% | -26.34% | 23.62% | 76.18% |
Correlation
The correlation between GOF and CONY is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2023 | 0.26 |
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Return for Risk
GOF vs. CONY — Risk / Return Rank
GOF
CONY
GOF vs. CONY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Strategic Opportunities Fund (GOF) and YieldMax COIN Option Income Strategy ETF (CONY). 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.
| GOF | CONY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.82 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | -0.97 | +0.29 |
| Martin ratioReturn relative to average drawdown | -1.12 | -1.49 | +0.37 |
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Drawdowns
GOF vs. CONY - Drawdown Comparison
The maximum GOF drawdown since its inception was -54.66%, smaller than the maximum CONY drawdown of -63.57%. Use the drawdown chart below to compare losses from any high point for GOF and CONY.
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Drawdown Indicators
| GOF | CONY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.66% | -63.57% | +8.91% |
Max Drawdown (1Y)Largest decline over 1 year | -23.24% | -59.52% | +36.28% |
Max Drawdown (3Y)Largest decline over 3 years | -28.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.41% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.50% | — | — |
Current DrawdownCurrent decline from peak | -18.83% | -61.23% | +42.40% |
Average DrawdownAverage peak-to-trough decline | -7.15% | -24.13% | +16.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.14% | 39.88% | -25.74% |
Volatility
GOF vs. CONY - Volatility Comparison
The current volatility for Guggenheim Strategic Opportunities Fund (GOF) is 2.66%, while YieldMax COIN Option Income Strategy ETF (CONY) has a volatility of 16.98%. This indicates that GOF experiences smaller price fluctuations and is considered to be less risky than CONY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOF | CONY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 16.98% | -14.32% |
Volatility (6M)Calculated over the trailing 6-month period | 10.62% | 46.95% | -36.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.23% | 59.51% | -41.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.18% | 59.91% | -41.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.53% | 59.91% | -40.38% |
GOF vs. CONY - Expense Ratio Comparison
GOF has a 1.89% expense ratio, which is higher than CONY's 0.99% expense ratio.
Dividends
GOF vs. CONY - Dividend Comparison
GOF's dividend yield for the trailing twelve months is around 20.79%, less than CONY's 171.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CONY YieldMax COIN Option Income Strategy ETF | 171.52% | 192.07% | 155.66% | 16.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GOF Guggenheim Strategic Opportunities Fund | 20.79% | 16.97% | 14.32% | 17.07% | 14.36% | 11.93% | 11.26% | 12.08% | 11.96% | 10.13% | 11.13% | 12.98% |
Frequently Asked Questions
GOF and CONY have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CONY has higher volatility (16.98%) compared to GOF (2.66%). In terms of maximum drawdown, GOF dropped -54.66% vs CONY's -63.57%.
GOF currently has the higher Sharpe Ratio (-0.87 vs -0.97), 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.
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