GOOP vs. GOOG
Compare and contrast key facts about Kurv Yield Premium Strategy Google (GOOGL) ETF (GOOP) and Alphabet Inc. (GOOG).
GOOP is an actively managed fund by Kurv. It was launched on Oct 30, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOOP or GOOG.
Key characteristics
| GOOP | GOOG | |
|---|---|---|
| YTD Return | 25.31% | 29.44% |
| 1Y Return | 31.43% | 36.07% |
| Sharpe Ratio | 1.71 | 1.47 |
| Sortino Ratio | 2.25 | 2.00 |
| Omega Ratio | 1.32 | 1.27 |
| Calmar Ratio | 1.73 | 1.73 |
| Martin Ratio | 4.87 | 4.41 |
| Ulcer Index | 6.81% | 8.74% |
| Daily Std Dev | 19.34% | 26.27% |
| Max Drawdown | -19.16% | -44.60% |
| Current Drawdown | -2.67% | -5.42% |
Correlation
The correlation between GOOP and GOOG is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GOOP vs. GOOG - Performance Comparison
In the year-to-date period, GOOP achieves a 25.31% return, which is significantly lower than GOOG's 29.44% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
GOOP vs. GOOG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Google (GOOGL) ETF (GOOP) and Alphabet Inc. (GOOG). 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.
Dividends
GOOP vs. GOOG - Dividend Comparison
GOOP's dividend yield for the trailing twelve months is around 12.51%, more than GOOG's 0.22% yield.
| TTM | 2023 | |
|---|---|---|
GOOP Kurv Yield Premium Strategy Google (GOOGL) ETF | 12.51% | 2.07% |
GOOG Alphabet Inc. | 0.22% | 0.00% |
Drawdowns
GOOP vs. GOOG - Drawdown Comparison
The maximum GOOP drawdown since its inception was -19.16%, smaller than the maximum GOOG drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for GOOP and GOOG. For additional features, visit the drawdowns tool.
Volatility
GOOP vs. GOOG - Volatility Comparison
The current volatility for Kurv Yield Premium Strategy Google (GOOGL) ETF (GOOP) is 5.53%, while Alphabet Inc. (GOOG) has a volatility of 6.79%. This indicates that GOOP experiences smaller price fluctuations and is considered to be less risky than GOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.