GOOI.L vs. GOOGL

Last updated Jun 25, 2026

GOOI.L (IncomeShares Alphabet (GOOG) Options ETP) is Derivative Income fund actively managed by Leverage Shares, while GOOGL (Alphabet Inc. Class A) is a stock. Over the past year, GOOI.L returned 65.46% vs 107.64% for GOOGL. A 0.66 correlation means they provide meaningful diversification when combined.

Performance

GOOI.L vs. GOOGL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IncomeShares Alphabet (GOOG) Options ETP (GOOI.L) and Alphabet Inc. Class A (GOOGL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GOOI.L achieves a 3.54% return, which is significantly lower than GOOGL's 10.46% return.

GOOI.L

• 1D: 0.00%
• 1M: -9.36%
• YTD: 3.54%
• 6M: 2.97%
• 1Y: 65.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GOOGL

• 1D: -0.24%
• 1M: -9.79%
• YTD: 10.46%
• 6M: 10.08%
• 1Y: 107.64%
• 3Y*: 41.74%
• 5Y*: 23.25%
• 10Y*: 26.10%

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

GOOI.L vs. GOOGL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GOOI.L IncomeShares Alphabet (GOOG) Options ETP	3.54%	45.15%	16.36%
GOOGL Alphabet Inc. Class A	10.46%	65.99%	16.93%

Correlation

The correlation between GOOI.L and GOOGL is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (All Time) Calculated using the full available price history since Oct 11, 2024	0.66

The correlation between GOOI.L and GOOGL has been stable across timeframes, ranging from 0.65 to 0.66 - a consistent structural relationship.

Return for Risk

GOOI.L vs. GOOGL — Risk / Return Rank

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

GOOI.L

GOOI.L Risk / Return Rank: 82
GOOI.L Sharpe Ratio Rank: 88
GOOI.L Sortino Ratio Rank: 85
GOOI.L Omega Ratio Rank: 79
GOOI.L Calmar Ratio Rank: 83
GOOI.L Martin Ratio Rank: 75

GOOGL

GOOGL Risk / Return Rank: 96
GOOGL Sharpe Ratio Rank: 97
GOOGL Sortino Ratio Rank: 98
GOOGL Omega Ratio Rank: 96
GOOGL Calmar Ratio Rank: 93
GOOGL Martin Ratio Rank: 95

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.

GOOI.L vs. GOOGL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IncomeShares Alphabet (GOOG) Options ETP (GOOI.L) and Alphabet Inc. Class A (GOOGL). 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.

	GOOI.L	GOOGL	Difference
Sharpe ratio: Return per unit of total volatility	2.54	3.65	-1.11
Sortino ratio: Return per unit of downside risk	3.31	4.86	-1.55
Omega ratio: Gain probability vs. loss probability	1.41	1.59	-0.18
Calmar ratio: Return relative to maximum drawdown	3.94	5.31	-1.38
Martin ratio: Return relative to average drawdown	12.35	18.11	-5.76

GOOI.L vs. GOOGL - Sharpe Ratio Comparison

The current GOOI.L Sharpe Ratio is 2.54, which is lower than the GOOGL Sharpe Ratio of 3.65. The chart below compares the historical Sharpe Ratios of GOOI.L and GOOGL, 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

GOOI.L vs. GOOGL - Drawdown Comparison

The maximum GOOI.L drawdown since its inception was -26.69%, smaller than the maximum GOOGL drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for GOOI.L and GOOGL.

Drawdown Indicators

	GOOI.L	GOOGL	Difference
Max Drawdown Largest peak-to-trough decline	-26.69%	-65.29%	+38.60%
Max Drawdown (1Y) Largest decline over 1 year	-16.53%	-20.37%	+3.84%
Max Drawdown (3Y) Largest decline over 3 years	—	-29.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-44.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.32%	—
Current Drawdown Current decline from peak	-12.24%	-14.19%	+1.95%
Average Drawdown Average peak-to-trough decline	-6.33%	-13.01%	+6.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.28%	5.96%	-0.68%

Volatility

GOOI.L vs. GOOGL - Volatility Comparison

IncomeShares Alphabet (GOOG) Options ETP (GOOI.L) has a higher volatility of 11.16% compared to Alphabet Inc. Class A (GOOGL) at 9.48%. This indicates that GOOI.L's price experiences larger fluctuations and is considered to be riskier than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOOI.L	GOOGL	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.16%	9.48%	+1.68%
Volatility (6M) Calculated over the trailing 6-month period	18.14%	21.28%	-3.14%
Volatility (1Y) Calculated over the trailing 1-year period	25.66%	29.64%	-3.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.74%	31.47%	-4.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.74%	29.16%	-2.42%

Dividends

GOOI.L vs. GOOGL - Dividend Comparison

GOOI.L's dividend yield for the trailing twelve months is around 23.55%, more than GOOGL's 0.25% yield.

Position	TTM	2025	2024
GOOGL Alphabet Inc. Class A	0.25%	0.27%	0.32%
GOOI.L IncomeShares Alphabet (GOOG) Options ETP	23.55%	11.19%	2.00%

Frequently Asked Questions

Can I hold both GOOI.L and GOOGL in my portfolio?

GOOI.L and GOOGL have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.